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Economy/Finance
President Ryu Sang-ho of Korea Investment and Securities Co. Korea Investment and Securities Co. netted 130 billion won in profit in the first quarter, topping the industry, which the company attributed to expanded replacement investments and diversified operational areas. The company said net pro…
Chairman Moon Chang-yong of Korea Asset Management Corp(KAMCO), 4th R, and heads of the shipping firms hold an agreement on KAMCO purchasing 20 of their vessels they signed on May 15 to ease their financial pinches. Korea Asset Management Corp. (KAMCO) will buy 20 ships from firms in financial dist…
Dir. Gen. Kim Yoon-kyung of the International Financial Cooperation Bureau at the Ministry of Strategy and Finance (MOSF). (Photo: MOSF) Deputy Prime Minister Yoo will deliver a speech at an opening session of the Board of Governors in which he is expected to announce a plan to expand Korea’s cont…
Gov. Lee Ju-yeol of the Bank of Korea. Gov. Lee Ju-yeol of the Bank of Korea cautioned that increases in exports due to optimistic economic views across the country cannot be sustainable due the protectionist sentiments in some major importer countries. The central bank governor issued the warning…
Chairman Lee Dong-geol of Korea Development Bank Group.(Photo: KDB) Korea Development Bank (KDB) has been at the forefront of ushering in the 4th Industrial Revolution by helping build a new “growth intelligence system” and strengthen financial loan capacity.  The state-owned bank has been …
Chairman Choi Jong-ku of the Export and Import Bank of Korea(Eximbank), right, shakes hands with Minister Ian Acosta Montalvan of the Finance Ministry of Nicaragua after signing an agreement to provide $70.59 million, an EDCF loan, to finance the Manama Circulatory Road Construction Project in Nicar…
President Moon Chang-yong of Korea Asset Management Corp.(KAMCO). Korea Asset Management Corp. (KAMCO) bought the assets of “C” Company, a maker of shipbuilding materials, for 19.3 billion won and leased them back to the company to help keep it operating. The move will help it pay off its financi…
President Gwak Bum-gook of Korea Deposit Insurance Corp. Korea Deposit Insurance Corp. (KDIC) paid 504 million won to compensate an informer to locate hidden assets of a savings bank, which is the largest ever amount paid by the company since its establishment some 20 years ago. The KDIC has been …
Chairman Cho Yong-byoung of Shinhan Financial Group delivers his speech at a meeting. When Cho Yong-byoung took over as chairman of Shinhan Financial Group recently, he laid out his “2020 vision” to lead the financial group to be No. 1 in Asia within three years. Shinhan is not the only financia…
Chairman Yoon Jong-kyoo of the KB Financial Group. (Photos:KFG) KB Financial Group will take up the Code 2017 Project as its strategic task for this year, Chairman Yoon Jong-kyoo declared in his New Year’s speech. The project is designed to push the digitalization of operations of the group and it…
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Business/Company
SK Telecom President Park Jung-ho and Nvidia CEO Jensen Hwang hold a copy of an agreement on a joint development of self-driving car after they signed the deal. (Photos: SK Telecom) SK Telecom has signed an agreement on the joint development of self…
Officials of POSCO’s Gwangyang Steel Works in Gwangyang, South Jeolla Province, led by Chairman Kwon Oh-joon, 5th R, push buttons at a launching ceremony of 7CGL at the steel complex on April 26, 2017.(Photo: POSCO) There were spectacular scenes at…
Samsung Electronics has decided against shifting into a holding company structure. The move is expected to have a ripple-effect since it means that Samsung Electronics Vice Chairman Lee Jay-yong will give up efforts to reform governance to strength…
Around 300 global Hyundai Motor dealers gathered for the 2017 Global Distributors Convention held in Seoul and Jeju Island on May 13 under a major purpose to rejuvenate the car maker’s sales around the world.(Photos: Hyundai Motor) Hyundai Motor Co…


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