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Economy/Finance
KB Card CEO Yoon Woong-won. KB Kookmin Card Co. introduced a blockchain-based personal authentication system for its bank service users from November last year, becoming the first Korean financial institution to adopt such a simplified, but more secure mobile payment verification system in Korea. …
President Kim Won-kyu of NH Investment and Securities Co,(Photos:NHIS) NH Investment and Securities Co. has decided to push the Mirae Asset Rogers Commodity Index Fund, which is focused on investments in industrial raw materials, including energy, minerals and farm produce. Experts are now counting…
Chairman Hwang Young-key of the Korea Financial Investment Association. Chairman Hwang Young-key of the Korea Financial Investment Association (KOFIA) said there are some financial regulations that the securities firms find very restrictive for their operations, and thus, need to be reformed. On t…
President Chun Byong-jo of KB Securities. KB Securities Co. will strengthen its PEF operation in the new year by setting up a fund and establishing a team to take charge of its operation. According to IB sources, the securities firm may consider setting up a PEF as large as as 300 billion won to b…
President Kang Dae-sok of Shinhan Investment and Securities. (Photo: Shinhan I&S) Shinhan Investment and Securities Co. won the 2017 Maekyung Gold Securities Award for having the largest number of products in the mid-level earnings range and for its outstanding performance ratings for empl…
Chairman Shin Chang-jae of Kyobo Life Insurance Co. (Photos: Kyobo Life Insurance) Korea's No. 3 life insurer, Kyobo Life Insurance, is participating in early bidding for ING Life Korea. According to a Kyobo official, the company submitted a letter of investment intent to Morgan Stanley, which is …
President Ryu Sang-ho of Korea Investment and Securities Co. The securities firm pays $170 million for the building joining the rush by the Korean brokerage firms to invest in real estate and infrastructure abroad to make up for slowdown in equity market at home Korea Investment & Securities C…
President Cho Yong-byung of Shinhan Bank poses with Chairman Yim Jong-yong of the Financial Services Commission after receiving the 2016 Dasan Financial Award in the banking sector. (Photo: Shinhan Bank) President Cho Yong-byung of Shinhan Bank has been nominated to succeed the retiring Chairman Ha…
Chairman Yoon Jong-kyoo of KB Financial Group & KB Kookmin Bank President, the winner of the 2016 Dasan Financial Award in the Global Digital Finance Sector. Chairman Yoon Jong-kyoo of KB Financial Group captured the 2016 Dasan Financial Award in the Global Digital Finance Sector at a New Year…
Chairman Kim Yong-hwan of NH Financial Group.(Photo: NH Financial) In his New Year’s address discussing the group’s management strategy for the new year, Chairman Kim Yong-hwan of NH Financial Group said 2017 is the initial year that NH Financial Group will make a rebound in its operations. …
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Industry/Energy
Korea Electric Power Corp. President Cho Hwan-eik visits the Big Data Center of LG U+ in Yongsan-gu, Seoul, on Sept. 14. (Photos: KEPCO) Korea Electric Power Corp. (KEPCO) President Cho Hwan-eik toured the Big Data Center of LG U+, a company special…
Korea Southern Power Co. (KOSPO) is making massive investments into new and renewable energy projects with the goal of making a shift in the energy paradigm to promote public safety.  The power company is accelerating efforts to expand new an…
A lab of GS Caltex’s plant in Yeosu.A view of GS Caltex’s plant in Yeosu. (Photos: GS Caltex) GS Caltex is in its 50th year of operation this year. At the company’s new year ceremony on Jan. 1 at GS Tower in Nonhyun-ro, Seoul, Chairman Huh Jin-so…
A view of LG Chem’s plant in Daesang, Chungcheongnam-dop. (Photo: LG Chem) LG Chem has seen its corporate value surge 12.8 trillion won over ten months. LG Chem shares were traded for 390,000 won per share on the Korean bourse on Sept. 12, an 81 pe…


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