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Economy/Finance
Chairman Cho Yong-byung gives a commemorative speech in a ceremony held online in honor of the 19th anniversary of Shinhan Financial Group on September 1. (Photo: Shinhan Financial Group)The Shinhan Financial Group started to preoccupy new markets to be created with a Korean version of the New Deal.…
Chairman Yoon Jong-kyoo of KB Financial Group, nominated for a third term.KB Kookmin Bank completed the process of acquiring Bukopin Bank in Indonesia. Kookmin Bank said on Aug. 26 that it conducted a resolution at a shareholders’ meeting to buy a 67 percent stake in Bukopin Bank on Aug. 25.Therefo…
Chairman Kim Jung-tai of Hana Financial Group (Photos: Hana Financial Group)Hana Bank said in early September that it will introduce an export credit guarantee product with the Korea Trade Insurance Corp. (K-Sure) beginning immediately to boost the export power of Korean companies suffering from the…
Chairman Kim Kwang-soo (first from right) of NH Nonghyup Financial Group conducts an on-site inspection for emergency operations in preparation for Chuseok Holidays at the NH Integrated IT Center in Uiwang, Gyeonggi Province on Sept. 10. (Photo: NH Nonghyup Financial Group)The NH Nonghyup Financial …
Sohn Tae-seung, chairman of the Woori Financial Group. (Photo: Woori Financial Group)Woori Financial Group has decided to implement new data projects in earnest in keeping with the government’s policy on “Korean New Deal.”The financial group is considering investing more than 200 billion won in t…
Shinhan Bank President Jin Ok-dong. Shinhan Bank announced on Sept. 2 that it will launch an AI integration competency center (AICC) that will lead to changes in banking based on artificial intelligence (AI) and the Digital Sales Department that will revolutionize the way they sell products and serv…
Chairman Lee Dong-gull of Korea Development Bank. (Photos: KDB)Lee Dong-gull began his second term as the 39th chairman of state-run Korea Development Bank (KDB) on Sept. 11.Since the establishment of KDB in 1954, only three chairmen succeeded in renewing their terms at KDB before Lee.Therefore, Lee…
Chairman and CEO Yoon Dae-hee of Korea Credit Guarantee Fund (Kodit). (Photos: Kodit)Korea Credit Guarantee Fund (KODIT) announced on Sep. 10 that it signed a business agreement on boosting employment in Daegu and North Gyeongsang Province with the Industrial Bank of Korea (IBK) and Korea Industrial…
Chairman Shin Yong-kil of the Korea Life Insurance Association. (KLIA) (Photo: KLIA)Since its foundation in 1950, the Korea Life Insurance Association (KLIA) has been committed to the growth and development of the life insurance industry. It has protectied the rights and interests of the industry an…
“Shinhan Card My Car,” released by Shinhan Card. (Photos: Shinhan Card)Shinhan Card has released “Shinhan Card My Car,” designed to offer diverse services related to automobiles. “My Car Card” holders are entitled to receive cash-back benefits when they buy cars regardless of purchase methods.…
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Policy/Politics
A drone is used to manage expressway bridges. (Photos: KEC)Korea Expressway Corp. (KEC) has developed a drone designed to manage expressway bridges in which human access is not easy in a safe and efficient fashion. The corporation plans to conduct in…
(from left) Chairman Yoon Hoo-deok of the Strategy and Finance Committee,; Chairman Youn Kwan-suk of the National Policy Committee,; Rep. Byun Jae-il of the ruling Democratic Party,; Chairman Min Hong-chul of the National Defense Committee.(from left…
Commissioner Lee Won-jae of Incheon Free Economic Zone Authority (IFEZA), Han In-suk, head of Songdo bio Convergence Center and others attend a ceremony in which IFEA signed an MOU to boost R&D of Sondo bio cluster and the industry ecosystem with…
Commissioner KimYong-rae of the Korean Intellectual Property Office (KIPO).The number of patent and trademark applications hit a new high in the third quarter of this year. The Korean Intellectual Property Office (KIPO) said on Oct. 19 that the numbe…


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