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Economy/Finance
President Lim Young-jin of Shinhan Card. (Photos: SFG)Vice President Kim Hyun-jin of Shinhan FG. Wi Sung-ho and Lim Young-jin began their duties as the new chief executives of Shinhan Bank and Shinhan Card, respectively, upon confirmation by shareholders on the same day. Lim, vice president at Shin…
Chairman Moon Chang-yong of Korea Asset Management Corp.(Photo: Kamco) The ship financing unit of South Korean finance house Korea Asset Management Corporation (KAMCO) has introduced a new $85.7 million ship financing scheme.  KAMCO Ship Investment Management Corporation, in collaboration wit…
Chairman Han Dong-woo of Shinhan Financial Group. Shinhan Financial Group's net profit surpassed 2 trillion won for the second year in a row, the company said recently. The group posted 2.37 trillion won ($1.91 billion) in net profit last year, up 14 percent from 2.08 trillion won the year before. …
Chairman Yoon Jong-kyoo of KB Financial Group. KB Financial Group’s saw its share price outstrip its rival Shinhan Financial Group in January for the first time in four years. KB Financial’s shares jumped 2.66 percent as of the close on Jan. 25 to 46,300 won per share, an astounding rise of 56.2 …
Chairman Kim Jung-tae of Hana Financial Group. Hana Financial Group posted 1.345 trillion won in net profit in 2016, up nearly 50 percent year-on-year, the group said on Jan. 24. It’s the largest net profit since Hana Bank merged with Korea Exchange Bank in 2012. Officials of the group attributed…
Chairman Kim Yong-hwan of NH Financial Group shakes hands with a staff as he visits the NH  Investment and Securities Co. head office with President Kim Won-kyu of the securities affiliate of the group behind him.(Photo: NH Financial Group) NH Bank erased the deficit it incurred in 2015 and hi…
Chairman-designate Cho Yong-beong of Shinhan Bank slated to succeed chairman Han Dong-woo of Shinhan Financial Group who retires in March.(Photos: SFG)Shinhan Card President Wi Sung-ho tapped as Shinhan Bank president. Cho Yong-beong, the chairman-designate of Shinhan Financial Group said he will g…
President Lee Kwang-goo of Woori Bank. President Lee Kwang-goo of Woori Bank has been recommended as the first president of the privatized Woori Bank by the Woori Bank President Recommendation Committee. The president-nominee will officially take over the office for two years as soon as shareholde…
President Kim Do-jin of Industrial Bank of Korea.(Photo: IBK) The Industrial Bank of Korea (IBK) logged consolidated net profit of 1.164,6 trillion won in 2016, up 1.6 percent YoY, which includes those of IBK Capital and IBK Investment and Securities.  IBK posted its own net profit of 1.267 t…
KB Card CEO Yoon Woong-won. KB Kookmin Card Co. introduced a blockchain-based personal authentication system for its bank service users from November last year, becoming the first Korean financial institution to adopt such a simplified, but more secure mobile payment verification system in Korea. …
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Policy/Politics
Deputy Chairman Jeong Eun-bo who also serves as Chairman of the Securities and Futures Commission, right, presides over a recent meeting of the Fintech Development Council.(Photo: FSC) South Korea launched the world’s first Fintech Open Platform to…
Mayor Song Gi-sub of Jincheon County, Chungcheongbuk-do. Mayor Song Gi-sub of Jincheon County, Chungcheongbuk-do, celebrated his first anniversary in office on April 14. Keen attention was the focus of Mayor Song, who served as the administrator of …
Director Ahn Joon-ho of the Tourism and Sports Bureau of the Seoul Metropolitan Government. Director Ahn Joon-ho of the Tourism and Sports Bureau of Seoul City Administration said the city will push the so called March 21 Measure, a tourism revival …
Gov. Lee Ju-yeol of the Bank of Korea.(Photo: BOK) The Bank of Korea revised up this year's growth forecast to 2.6 percent from the previous 2.5 percent estimated three months earlier, as both exports and private consumption showed signs of improvem…


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