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Economy/Finance
Chairman Gwak Bum-gook of Korea Deposit Insurance Corp.(KDIC) chairs a meeting during the First Move 2017, an exercise for key financial institutions in Korea including the Financial Services Commission and the Bank of Korea to cope with the possible crisis for the financial institutions in the conn…
President Yoon Chang-yong of Korea Asset Management Corp. (KAMCO). (Photo: KAMCO) Korea Asset Management Corp. (Kamco) Sales and Lease Back Program has completed 200 billion won worth of deals, Kamco said recently. The arrangement involves the company buying struggling business firms’ assets and l…
Dignitaries, including Korea Credit Guarantee Fund (KODIT) Chairman Hwang-Rok, participate in a ceremony to celebrate the 20th anniversary of the Credit Insurance System at the ICC Hotel in Daejeon on Sept. 6.(Photo: KODIT) Korea Credit Guarantee Fund (KODIT) celebrated the 20th anniversary of the …
Chairman Kim Jung-tae of Hana Financial Group.(Photo: HFG) Chairman Kim Jung-tae of Hana Financial Group has been stressing the importance of investment banking (IB), urging the heads of the group’s affiliates not to be afraid of risks in expanding the IB operation. At a dinner in early August wi…
Chairman Kim Yong-hwan of NH Financial Group.(Photo:NH Financial) Chairman Kim Yong-hwan of NongHyup Financial Group has decided to make visits to the group’s affiliates to discuss pressing matters facing them, in particular the changes in business environment in the wake of North Korea’s nuclear…
President Lee Kwang-goo of Woori Bank.(Photo: Woori Bank) President Lee Kwang-goo of Woori Bank unveiled an eight-point management strategy for the second half this year.  The comprehensive plan includes securing customers with excellent financial standings, boosting healthy assets, securing …
A number of different shots of the KB Kookmin “Tantan Daero Easy Home Card” offering various benefits to its holders such as discounts at movies, theaters, shopping malls, among others.(Photos: Kookmin Card) KB Kookmin Card’s “Tantan Daero Easy Home Card” is a specialized automatic payment cre…
Chairman Park Seung-joon of Construction Guarantee. Since its founding in 1963, Construction Guarantee has supported construction companies in their individual pursuits and has contributed to the development and growth of the construction industry in Korea. Construction Guarantee was the first inst…
President Kim Jae-chun of Korea Housing Finance Corp. (Photo: HF)Korea Housing Finance Corp. said subscribers to the Housing Retirement Fund (JTYK), total 45,371 so far, with this year being the 10th anniversary of the retirement fund program. The subscribers to the housing retirement fund numbered …
President Wi Sung-ho of Shinhan Bank. President Wi Sung-ho of Shinhan Bank chose “Clerk’s Capacity” as the keywords for his management plan in the second half, concluding that it is people that make organizations. It’s a signal that open screening for candidates will be used to fill key posts i…
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Policy/Politics
South Korean President Moon Jae-in delivers his maiden speech at the UN General Assembly in New York on Sept. 21. How can North Korean leader Kim Jong-un’s nuclear arms ambitions be stopped? Is it possible that the United Nations Security Council’…
Gov. Choe Heung-sik of the Financial Supervisory Service.(FSS)(Photo: FSS)Gov. Choe Heung-sik of the Financial Supervisory Service (FSS) stressed at his inaugural ceremony on Sept. 11 that the Financial Supervisory Service will perform its services c…
Dir.-Gen. Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport. Director-General Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport said in a recent written interview with…
Chairman Choi Jong-ku of the Financial Services Commission (FSC) will try to cut the maximum interest rate on defaulted loans, now standing at 14 percent per year. He also plans to make insurance firms to make payments to those who have yet to see …


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