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Economy/Finance
President Lee Kwang-goo of Woori Bank. 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 S…
President Kim Do-jin of the Industrial Bank of Korea(IBK). The Industrial Bank of Korea (IBK) said it has successfully set up a fund of 100 billion won for investments in SMEs to support their early stages of growth. Called, “IBK-KIP Stepping Stone Growth Fund,” SMEs with excellent technologies a…
Chairman Hwang Young-key of the Korea Financial Investment Association.(Photo:Kofia) Chairman Hwang Young-key of the Korea Financial Investment Association has called for South Korea set up a financial hub in Seoul by inviting the international financial community to locate their operations there. …
President Kim Won-kyu of NH Investment and Securities Co. NH Investment and Securities Co., the only large securities firm operating a hedge fund, plans to boost its 300 billion won fund to as much as 1 trillion won by next year, securities sources said on July 3. The securities firm is out to doub…
Chairman Hwang Rok of the Korea Credit Guarantee Fund(KODIT). The Korea Credit Guarantee Fund (KODIT) celebrated its 41st anniversary on June 1 with a ceremony at its head office in Daegu. All of the entire officers and staff signed “E-Clean” Affidavits in which they swore to be “clean” at work…
President Kim Jae-chun of Korea Housing Finance Corp.(Photo: KHFC) Korea Housing Finance Corp. (KHFC) provides housing finance in Korea. It offers long-term mortgage loans; housing guarantees for individuals, such as guarantees for rental, installments, and home purchases; housing guarantees for ho…
President Lee Kwang-goo of Woori Bank. Shares of Woori Bank have been rising rapidly this year with the expectation that the bank would do well in the first year of its privatization. The government sold most of its stake in the bank to multiple private sector investors last November for $2.1 billi…
Shinhan Card President Lim Young-jin. Shinhan Card has launched the Asiana Shinhan Card Air 1.5, which strengthens benefits for cardholders from the accumulation of mileage with Asiana Airlines. The new card has the highest mileage accumulation rate among similar cards in operation, with more benef…
The “KB Card Easy Auto Loan” enables a car buyer to pay for a car with his or her credit card and make repayments in monthly installments for 60 months as if repaying a loan. But the interest charges for the installment financial product vary depending on car model and the amount of the down pa…
Under its Three Highs Loan Policy, the Industrial Bank of Korea (IBK) in February provided a total of 2 trillion won in loans, consisting of 1 trillion won each to small individual businessmen, and SMEs with mid-level credit ratings. Loans with the Special Support Program, for small business firm…
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Industry/Energy
Korea Electric Power Corp. President Cho Hwan-eik visits the Big Data Center of LG U+ in Yongsan-gu, Seoul, on Sept. 14. (Photos: KEPCO) Korea Electric Power Corp. (KEPCO) President Cho Hwan-eik toured the Big Data Center of LG U+, a company special…
Korea Southern Power Co. (KOSPO) is making massive investments into new and renewable energy projects with the goal of making a shift in the energy paradigm to promote public safety.  The power company is accelerating efforts to expand new an…
A lab of GS Caltex’s plant in Yeosu.A view of GS Caltex’s plant in Yeosu. (Photos: GS Caltex) GS Caltex is in its 50th year of operation this year. At the company’s new year ceremony on Jan. 1 at GS Tower in Nonhyun-ro, Seoul, Chairman Huh Jin-so…
A view of LG Chem’s plant in Daesang, Chungcheongnam-dop. (Photo: LG Chem) LG Chem has seen its corporate value surge 12.8 trillion won over ten months. LG Chem shares were traded for 390,000 won per share on the Korean bourse on Sept. 12, an 81 pe…


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