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Economy/Finance
Chairman Kwon Yong-won of Korea Financial Investment Association.(Kofia) (Photo: Kofia)Foreign investors snapped up Korean bonds in May and sold off Korean stocks. The purchase of the Korean bonds in the month amounted to more than 10 trillion won, the largest-ever monthly purchase of the Korean bon…
윤대희 신용보증기금 이사장(앞줄 왼쪽에서 네 번째)이 25일 서울 마포구 서울창업허브에서 개최된 ‘2019년 신용보증기금 4.0창업경진대회’에서 참가자들과 함께 기념촬영을 하고 있다.신용보증기금(이사장 윤대희)은 지난 25일 서울 마포구 서울창업허브에서 ‘2019년 신용보증기금 4.0창업경진대회’를 개최했다고 26일…
State-run financial organization renews its mission to help SMEs to be at the center of resurgence of Korean economy, leading financial reform and realizing social valuesPresident Yoon Dae-hee of Korea Credit Guarantee Fund (Kodit). (Photos: Kodit)Korea Credit Guarantee Fund (Kodit) celebrated its 4…
Chairman Kim Jung-tai of Hana Financial Group. (Photo: HFG)Hana Financial Group is well on its way to providing 20 trillion won in support to startups and venture firms in investments and loans in the next three years to help them to develop the needed new technologies to give them a competitive adv…
Chairman Kim Gwang-soo looks back at the initial year of his achievements at a media briefing session on May 8. (Photo: NHFG)Chairman Kim Gwang-soo of NH Financial Group said he will lead the group to find an international partner to come up with a new joint venture model before the year is out. He …
President Jin Ok-dong of Shinhan Bank.Shinhan Financial Group (Shinhan Bank), South Korea’s oldest bank, has unveiled a blockchain-based platform to hasten loan processes, Shinhan Bank said on May 27.The new system will utilize blockchain technology to verify loan applications and documents without…
President Kim Do-jin of the Industrial Bank of Korea. (IBK) (Photos:IBK)The Industrial Bank of Korea (IBK) emerged as a “Big Hand” in the entertainment industry following key investments in a number of films and musicals that turned out huge profits.Financial sources said on Feb. 17 that the bank …
President Jeong Young-chae of NH Investment & Securities Co.NH Investment & Securities Co. (NHIS) has been selling the Fidelity Global Dividend Income Fund, which has been investing in a number of selected business firms around the world based on their dividend payment and large growth poten…
President Lee Dong-cheol of KB Kookmin Card.KB Kookmin Card will no longer automatically issue paper receipts for transactions less than 50,000 won from July 1, as the credit card firm decided to introduce selective issuance system so cardholders can decide whether or not to get receipts for transac…
Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group is on the verge of launching a new CIB operation by integrating the investment banking units of its affiliates - Woori Bank and Woori Investment Bank - which will be the first such move of its rebirth as a financial …
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Industry/Energy
A view of EMU-250 High-speed Train developed by Hyundai Rotem.Hyundai Rotem’s Changwon Plant is busy turning out electric cars, trams and high-speed rail and locomotives from 14 different projects the plant has been working on at its 100,000 pyeong …
President Kim Jong-gap of Korea Electric Power Corp. (KEPCO)Korea Electric Power Corp. (KEPCO) has become the first Korean power company to land a gas combined cycle power plant project in the United States. KEPCO was selected as a preferred bidder t…
President Huh Yong-soo of GS Enegy, L, and his counterpart, Lim Byung-yeon,at Lotte Chemical hold a copy of the MOU they signed on July 15. (Photo:Lotte Chemical)Lotte Chemical Corp. is adding a compound plant in its petrochemical complex in Yeosu, S…
A bird's eyeview of Capital-area Multi-fuel Service Station in Koyang, Gyeonggi Province that Hyundai Oilbank is to set up around the country by year-end this year. (Photos: Hyundai Oilbank)Hyundai Oilbank, a major Korean refiner, will open the count…


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