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Economy/Finance
Chairman Chang Young-chul of Korea Asset Management Corp.The Korea Asset Management Corp. (KAMCO) completed its 15-year program to recover defaulted assets at a rate of 119 percent, the top level in the world, leaving an enviable mark on the nation’s economic history.The company also built an excel…
KDB Financial Group Chairman Kang Man-soo gives a speech at a NewYear's meeting to celebrate the start of the 2013 business year. The Korea Development Bank (KDB) projects 2013 will be another slow year for its operations due to the continuing economic slumps both globally and domestically and …
Chairman Park Byung-won of the Korea Federation of Banks.Chairman Park Byung-won of the Korea Federation of Banks (KFB) said in his New Year’s message that the past five years have been a period of huge achievements by banks across the country with the major achievement being overcoming the financi…
President Seo Jong-dae of Korea Housing Finance Corp.Korea Housing Finance Corp. (KHFC), headed by President Seo Jong-dae, recorded a top year last year in terms of its operation since its start in 2004, despite the difficult management environment, the company reported in outlining its op…
Most countries are facing aging societies caused by decreasing birth and mortality rates and an increasing longevity of life. An aging population, nuclear families, and female economic activities make caring for old people not the problem of individuals, but a social issue, to which Korea is no exce…
Korea Exchange Bank (KEB) will once again pursue its overseas expansion policy, a strategy that was suspended for a while when Lone Star was running the bank. KEB has recently opened a branch in Abu Dhabi, the first new overseas branch in a decade.President Yun Yong-ro was joined by a number of dign…
“The history of finance is the history of takeovers, so we have to go overseas to seek opportunities to take over a foreign bank in order to grow further,” said Chairman Lee Pal-seung of Woori Financial Group.The chairman made the statement during a ceremony for 360 new employees of the group on D…
Samsung Card since its set up in 1988, has been expanding its operations so much so that the company listed its shares on the Korea Exchange in 2007 to become a leading credit card company, representing the consumer finance industry in Korea. The company draws everything from the catch words, …
President Choi Ki-ui of KB Card said, “We will try to be the top company in a business area where we can do our best,” at an interview with the media on the occasion of the company’s first anniversary in March. The credit card business area that has been the best for KB Card has been the che…
Woori-Aviva Life Insurance Co is the winner of the 2012 Korea Financial Grand Award in the life insurance sector, which is also known as the Financial Man of the Year Award. President Kim Hee-tae has often been heard uttering the Chinese phrase “ryong jon ban bo,” which means “you have to walk ha…
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Business/Company
One of the best-selling Korean ice cream products of all time, the World Cone, is an ice cream product made by Lotte Confectionery. Roughly 80 billion won of the product was sold last year, helping it retain its No. 1 position in the ice cream market…
Samsung SDS President Hong Won-pyo reveals his company’s plan at the “Real 2019” the company hosted at Shilla Hotel in Seoul on May 8. (Photo: Samsung SDS)Samsung SDS is strengthening projects to help companies pursue digital transformation. The c…
A fascinating view of the blossoming of fireworks along the Lotte World Tower, the 123-story landmark skyscraper in Seoul on May 4.Lotte Group Chairman Shin Dong-bin (Photos: Lotte Group)Many people still recall a breathtaking fireworks event held on…
Sulwhasoo Sullin Cream Sulwhasoo Yebit CreamSulwhasoo, a luxury brand among AmorePacific’s anti-aging cosmetic product lines, has signalled the renewal of the representative anti-aging Sulllin Line, marking its inclusion as its own anti-aging brand.…


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