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Chairman Yoon Jong-kyoo of KB Financial Group KB Financial Group said its first half net profit amounted to 1.8602 trillion won, up 65.5 percent YoY, including 999.01 billion won in Q2 net profit, up 13.8 percent YoY, the financial group said on July 20. KB Financial Group Inc., a major South Kore…
President Kim Do-jin of the Industrial Bank of Korea waves the bank’s flag at a ceremony for the 56th anniversary of IBK on Aug. 1.(Photo: IBK) President Kim Do-jin of the Industrial Bank of Korea (IBK) revealed his management vision, “Companion Finance,” which is designed to expand the bank’s …
President Lee Kyung-sob of NH Bank.(Photo: NH Bank) NH Bank is set to introduce its “Doctor in Charge System” giving customers the right to select who they want to manage their deposits from the second half this year. The bank will also focus on customers who are baby boomers, those born between…
“Tatan Daero Only You Card” just introduced by KB Card with many benefits. KB Card recently introduced the “Tantan Daero Only You Card,” which comes with discount benefits for refueling and maintenance at service stations. Another special feature of the card is that it has an increased accumula…
Chairman Hwang Young-key of Korea Financial Investment Association. "Individual Savings Accounts (ISA) have become tax-free deposit accounts, an uncomfortable truth, and the ISA Season 2 should absolutely include a securities-type ISA,” said Chairman Hwang Young, chairman of the Korea Financial In…
President Kim Jae-shik of Mirae Asset Life Insurance Co.A scene from the temporary shareholders’ meeting of Mirae Asset Life Insurance Co. held on Aug. 4.(Photos: Mirae Asset) The insurance industry has been edgy over the changes that the IFRS17 (the International Financial Reporting Standard 17) …
Chairman Kim Jung-tae of Hana Financial Group.(Photo: HFG)Hana Financial Group saw its 2nd Qtr. net profit jump the highest in its history, logging 538.9 billion won, up 53 percent from 352.1 billion won from the same period last year, the group said on July 21.The financial group attributed the rec…
Woori Bank will inject $100 million into its Indonesian subsidiary to bolster its capital base and groom it to be one of the top five lenders in the Southeast Asian country. According to multiple sources from the financial industry on June 28, PT Bank Woori Saudara received approval from the Indo…
Vice Chairman Kim Nam-goo of Korea Investment Holdings Co. Korea Investment Holding Co. has consistently maintained a high share price thanks to the daring investments made by Vice Chairman Kim Nam-goo. The price of its common shares has jumped around 60 percent since early this year, the highest …
Kyobo Life Insurance Co.’s says its life-time insurance offering, Kyobo Faithful Universal Variable Insurance, that is faithful to the core concept of what a life insurance policy ought to do. The insurance product allows part of the premium to be invested in funds so that the premium and cash v…
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Business/Company
SK Innovation will begin to mass produce an EV battery capable of running 450 km per charge for the first time in the world. The mileage of the upcoming battery is more than 100 km better than the EV batteries that have been developed so far. The r…
Hyundai Mobis’s test-driving ground for self-driving cars debuted recently at a lot covering 1.12 million sq. meters in the Bio Well-being Special Zone in Buseok-myeon, Seosan City, Chungcheongnam-do. The car testing ground boasts 14 test tacks, …
A graph showing how Bi-directional chargers for plug-in vehicles work.(Photo: Hyundai Mobis) Hyundai Mobis has developed an on-board, bi-directional charger for plug-in vehicles. The bi-directional onboard charger (OBC) allows the vehicle to supply …
Late founder Woo Sang-ki of Sindoricoh Co. steadily upheld the motto of the Kaesong merchants; “No debts, and one well,” throughout his adult life in the running of his businesses. In line with the founder’s motto, the company never borrowed mon…


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