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Economy/Finance
Chairman Han Dong-woo of Shinhan Financial Group. Shinhan Financial Group announced Oct. 20 that its combined net profit in the first three quarters of this year surpassed the 2 trillion won mark for the first time in four years. In a statement, the bank holding firm said the accumulated net profi…
Chairman Yoon Jong-kyoo of KB Financial Group who doubles as president of  KB Kookmin Bank. Yoon Jong-kyoo, KB Financial Group Chairman, said the group will closely follow changes coming with the so-called “fourth industrial revolution” in order to make sure KB Kookmin Bank recovers its past…
Chairman Kim Jung-tae of Hana Financial Group.(Photo: HFG) Hana Financial Group posted its best third quarter since 2012 thanks to synergy from the merger with the Korea Exchange Bank and real estate investments, boosting this year’s profit over that of last year’s. The financial group said on O…
Chairman Kim Yong-hwan of NH Financial Group. NongHyup Financial Group Inc. said on Oct. 26 that its third-quarter earnings increased nearly 3 percent on-year thanks to strong revenue and less money set aside to cover bad debt. Net profit reached 182.7 billion won ($162.2 million) in the July-Sept…
A view of an opening ceremony of the Industrial Bank of Korea’s Kangaroo Store in Suwon, Gyeonggi Province. IBK President Kwon Seon-joo is among the store’s staff, officials of IBK and officials from the Holt Children Welfare in the ceremony held recently in Suwon, Gyeonggi Province.(Photo: IBK) …
President Lee Kwang-goo of Woori Bank. (Photo: Woori Bank)South Korea’s government has sold a $2.1 billion stake in Woori Bank to multiple investors in its latest bid to privatize the lender and recoup taxpayer money it pumped in to bail out the lender some two decades ago, according to the country…
President Ahn Min-soo of Samsung Fire and Marine Insurance Co. South Korean non-life insurance companies are expected to report better earnings in the July-September period thanks to an improvement in the auto insurance segment despite a prolonged low-interest-rate environment. According to Korea…
Chairman Park Hyun-joo of Mirae Asset Group.(Photo: Mirae Asset Group) Mirae Asset Daewoo will introduce Vietnam CB Fund in Korea scaled at 67 billion won, which is projected to earn more than 30 percent in Vietnam. Mirae Asset Group said on Oct. 19 it is slated to introduce the No. 1 Linos Vietna…
A Kookmin Card’s credit card with the credit card firm to introduce Blockchain for personal verification to verify the online financial transactions for the first time in Korea.(Photos: Kookmin Card). KB Kookmin Card may become the first credit card operator in Korea to introduce the Blockchain te…
Chairman Yoon Jong-kyoo of KB Financial Group leads the officers and staff of the financial group at a rally to continue to go all-out to make the group to hold on to its leading position in earnings in the financial industry(Photo: KFG) KB Financial Group’s Net Interest Income (NII) for Q3 reache…
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Business/Company
SK Telecom President Park Jung-ho and Nvidia CEO Jensen Hwang hold a copy of an agreement on a joint development of self-driving car after they signed the deal. (Photos: SK Telecom) SK Telecom has signed an agreement on the joint development of self…
Officials of POSCO’s Gwangyang Steel Works in Gwangyang, South Jeolla Province, led by Chairman Kwon Oh-joon, 5th R, push buttons at a launching ceremony of 7CGL at the steel complex on April 26, 2017.(Photo: POSCO) There were spectacular scenes at…
Samsung Electronics has decided against shifting into a holding company structure. The move is expected to have a ripple-effect since it means that Samsung Electronics Vice Chairman Lee Jay-yong will give up efforts to reform governance to strength…
Around 300 global Hyundai Motor dealers gathered for the 2017 Global Distributors Convention held in Seoul and Jeju Island on May 13 under a major purpose to rejuvenate the car maker’s sales around the world.(Photos: Hyundai Motor) Hyundai Motor Co…


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