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Economy/Finance
Chairman Hwang Young-key of the Korea Financial Investment Association.(Photo:Kofia) Chairman Hwang Young-key of the Korea Financial Investment Association has called for South Korea set up a financial hub in Seoul by inviting the international financial community to locate their operations there. …
President Kim Won-kyu of NH Investment and Securities Co. NH Investment and Securities Co., the only large securities firm operating a hedge fund, plans to boost its 300 billion won fund to as much as 1 trillion won by next year, securities sources said on July 3. The securities firm is out to doub…
Chairman Hwang Rok of the Korea Credit Guarantee Fund(KODIT). The Korea Credit Guarantee Fund (KODIT) celebrated its 41st anniversary on June 1 with a ceremony at its head office in Daegu. All of the entire officers and staff signed “E-Clean” Affidavits in which they swore to be “clean” at work…
President Kim Jae-chun of Korea Housing Finance Corp.(Photo: KHFC) Korea Housing Finance Corp. (KHFC) provides housing finance in Korea. It offers long-term mortgage loans; housing guarantees for individuals, such as guarantees for rental, installments, and home purchases; housing guarantees for ho…
President Lee Kwang-goo of Woori Bank. Shares of Woori Bank have been rising rapidly this year with the expectation that the bank would do well in the first year of its privatization. The government sold most of its stake in the bank to multiple private sector investors last November for $2.1 billi…
Shinhan Card President Lim Young-jin. Shinhan Card has launched the Asiana Shinhan Card Air 1.5, which strengthens benefits for cardholders from the accumulation of mileage with Asiana Airlines. The new card has the highest mileage accumulation rate among similar cards in operation, with more benef…
The “KB Card Easy Auto Loan” enables a car buyer to pay for a car with his or her credit card and make repayments in monthly installments for 60 months as if repaying a loan. But the interest charges for the installment financial product vary depending on car model and the amount of the down pa…
Under its Three Highs Loan Policy, the Industrial Bank of Korea (IBK) in February provided a total of 2 trillion won in loans, consisting of 1 trillion won each to small individual businessmen, and SMEs with mid-level credit ratings. Loans with the Special Support Program, for small business firm…
A group of dignitaries clap their hands at a seminar on June 8 where the announcement on the opening of K-OTC Market on July 1 is made by Chairman Hwang Young-key, 3rd R front row, of KOFIA.(Photo:KOFIA) Korea’s over-the-counter market (K-OTC) market is slated to open next month, helping investors…
Chairman Cho Yong-byoung of Shinhan Financial Group.(Photo: SFG) Shinhan Financial Group posted a net profit of 997.1 billion won in the first quarter, up 29.3 percent from 771.4 billion won in the same period last year. The result is a whopping 62.9 percent increase from three months ago and the h…
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Business/Company
KT Chairman Hwang Chang-gyu gives a lecture on KT’s GiGAtopia at Harvard Business School last Sept. 20. (Photo: KT) KT’s intelligent, integrated energy management system is to be selected as a case study as part of educational materials at Harvard…
POSCO Chairman Kwon Oh-joon POSCO has once again been named the world’s No. 1 steelmaker. Global steel information service provider World Steel Dynamics (WSD) announced the World-Class Steelmaker Rankings on June 13 in New York. POSCO has topped th…
LSIS Chairman Koo Ja-kyun. LSIS Chairman Koo Ja-kyun urged his company’s team leaders to purse a newly defined leadership tailored to meet members’ needs, rather than being “committed to unconditional loyalty to the company.”  LSIS Chairma…
Japan Lotte Holdings held a regular shareholders’ meeting on June 24 in Japan to approve a reshuffle retaining Lotte Group Chairman Shin Dong-bin (center) and eliminating (left Lotte Group founder Shin Kyu-ho and ex-vice chairman Shin Dong-ju. Lott…


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