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Economy/Finance
President Wi Sung-bak of Korea Deposit Insurance Corp.(KDIC)The Korea Deposit Insurance Corporation (KDIC) is a deposit insurance corporation established in 1996 to protect depositors and maintain the stability of the financial system. The main functions of KDIC are insurance management, risk survei…
Chairman Cho Yong-byoung of Shinhan Financial Group.Shinhan Financial Group said on March 24 it launched the Shinhan Reform Finance Promotion Committee to give financial support to SMEs, venture firms and reform-minded firms. The move is in step with the government’s Productive Financial Vision.Pre…
Chairman Yoon Jong-kyoo of KB Financial Group.Chairman Yoon Jong-kyoo of KB Financial Group said the group will look for a life insurance firm this year for takeover to strengthen the group’s fundamentals. He made the comments at a general meeting of the shareholders on March 27. He was answering a…
Chairman Kim Jung-tai of Hana Financial Group.(HFG)On Jan. 11, 2014, Hana Financial Group held a 'Start 2014' event. Attended by 12,000 executives and employees, the event served as an occasion to promulgate the Group's new vision, 'The Trusted Premiere Global Financial Group', and to make the pledg…
Chairman Kim Gwang-soo of NH Financial Group.NH Financial Group plans to consider buying a stake investment in the Agri Bank, the largest bank in Vietnam, the group said on March 3, adding that it is part of the company’s drive to speed up its overseas operation centered around southeast Asia.The g…
Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group has been working on its globalization strategy for some time now, knowing that the domestic financial market is too crowded to grow profits, so it should go overseas in search of greener pastures.The financial group …
President Kim Do-jin of Industrial Bank of Korea(IBK). (Photo: IBK)The Industrial Bank of Korea (IBK) has decided to focus on major cities around the world where SMEs are trying to explore for their overseas operations such as New York, London, Tokyo and Hong Kong.The state-run bank has been providi…
Chairman Lee Dong-geol of Korea Development Bank.(KDB)(Photo: KDB)“People can beat Heaven if they set their minds and work for it,” and “I have such confidence in you to work faithfully for your assigned work,” Chairman Lee Dong-geol of Korea Development Bank (KDB) during his inaugural speech at…
President Jin Ok-dong of Shinhan Bank. President Jin Ok-dong of Shinhan Bank said he will aim to make the bank global with the full digitalization of its facilities through reformative reforms by shedding bureaucracy and time-worn practices. He made the comments in his first media meeting since taki…
New President Ji Sung-kyoo of KEB Hana Bank is waving the bank’s flag at his inauguration ceremony on March 21 at the bank’s head office in Euljiro, Seoul.President Ji Sung-kyoo of KEB Hana Bank is set to challenge the global financial market with a digitalization and global strategy to spur his b…
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Business/Company
One of the best-selling Korean ice cream products of all time, the World Cone, is an ice cream product made by Lotte Confectionery. Roughly 80 billion won of the product was sold last year, helping it retain its No. 1 position in the ice cream market…
A fascinating view of the blossoming of fireworks along the Lotte World Tower, the 123-story landmark skyscraper in Seoul on May 4.Lotte Group Chairman Shin Dong-bin (Photos: Lotte Group)Many people still recall a breathtaking fireworks event held on…
Samsung SDS President Hong Won-pyo reveals his company’s plan at the “Real 2019” the company hosted at Shilla Hotel in Seoul on May 8. (Photo: Samsung SDS)Samsung SDS is strengthening projects to help companies pursue digital transformation. The c…
Chairman Christopher Koo of LS Group.LS Group Chairman Christopher Koo visited Japan to strengthen business ties and seek opportunities with the company's partners.On his five-day visit, Koo was scheduled to meet with executives of partner firms of t…


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