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Chairman Cho Yong-byoung of Shinhan Financial Group. (Photo: Shinhan Financial Group)Shinhan Financial Group chalked up 1.144.7 trillion won in net profit for the third quarter of the year, the best-ever three-month period for the company. Shinhan Financial Group saw cumulating net profit swell to 2…
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Chairman Yoon Jong-kyoo of KB Financial Group. (Photos: KB Financial Group)KB Financial Group achieved a 1 trillion won milestone in quarterly net profit despite the COVID-19 pandemic. In an electronic filing on Oc. 22, the financial group said it posted 1.166.6 trillion won in net profit in 2020 Q3…
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President Wi Sung-baek of Korea Deposit Insurance Corp.(KDIC). (Photos: KDIC)Korea Deposit Insurance Corp. (KDIC) announced on Nov. 1 that it was collecting support funds from 30 savings banks that had gone bankrupt since 2011 by selling their PF assets it held as collateral. For example, KDIC sold …
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President Lee Jeong-hwan of Korea Housing Finance Corp (HF). (Photos: HF)Korea Housing Financing Corporation (HF) announced on Oct. 29 that it will launch a special lease loan guarantee for those who agreed to an installment repayment plan. By using this financial product, customers can enjoy the be…
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Chairman Kim Jung-tai of Hana Financial Group (Photo: Hana Financial Group)The Hana Financial Group said it posted 2,106.1 billion won in net profit based on a consolidated basis in the third quarter of 2020. The figure is up 3.2 percent, or 65 billion won, from a year before.During the third quarte…
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NongHyup Financial Group Chairman Kim Gwang-soo. (Photos: NongHyup Financial Group)NongHyup Financial Group chalked up 1.460.8 trillion won in net profit for the first three quarters of the year. Despite low interest rates and the effects of the COVID-19 pandemic, the financial group achieved its be…
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Chairman Sohn Tae-seung of Woori Financial Group. (Photo: Woori Financial Group)Woori Financial Group announced on Oct. 26 that its net profit hit 480 billion won in the third quarter of 2020. The figure more than doubled from the previous quarter as the group enhanced its ability to cope with the f…
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NH NongHyup Bank President Son Byung-hwan. (Photos: NH NongHyup Bank)NH NongHyup Bank launched the Wealth Management (WM) Business Department this year by recognizing the customer WM business as a major segment in the future. In particular, the NH All100 Advisory Center in the WM Business Depa…
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President Yoon Jong-won of the Industrial Bank of Korea (IBK). (Photos: IBK)The Industrial Bank of Korea (IBK) is supporting small and medium-sized companies having difficulty finding new sales channels. The IBK announced on Oct. 13 that it will produce promotional videos with the Seoul Business Age…
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Korea Investment Corporation (KIC) marks the second KIC ESG Day on Oct. 7 at KIC headquarters in Jung-gu, Seoul, with officials in charge of overseas investment in the domestic public sector, including those from pension funds and mutual aid associations. Choi Hee-nam, CEO of KIC speaks in an event …
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Lotte Group Chairman Shin Dong-bin. (Photo: Lotte Group)Lotte Group Chairman Shin Dong-bin became the first Korean business leader to meet with Japanese Prime Minister Yoshihide Suga since he took office, succeeding his predecessor Shinzo Abe. Chairm…
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Samsung Electronics reported 66.96 trillion won in consolidated revenue and 12.35 trillion won in operating profit for the third quarter ended Sept. 30.Even as the COVID-19 pandemic continues around the world, reopening of key economies led to a sign…
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POSCO Chairman Choi Jeong-woo. After logging its first quarterly operating loss in 2020 Q2, POSCO bounced back to operating profit territory in Q3. POSCO expects a better business performance in Q4 on the back of the resumption of global economic act…
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Hyundai Motor Group Chairman Chung Eui-sun. (Photos: Hyundai Motor Group)Global companies are scrambling to develop robots as the non-face-to-fact contact market is on the rise, caused by the spread of the COVID-19 pandemic. Automakers, including Hyu…
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