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Economy/Finance
President Chung Young-chae of NH Investment & Securities Co. (Photo: NHIS)NH Investment & Securities posted 171.1 billion won in net profit in the first quarter, up 33 percent from a year earlier. The strong performance was attributed to the growth of its investment banking division and an i…
President Jung Il-moon of Korea Investment & Securities Co. (Photo: KIS)Korea Investment & Securities Co.(KIS) posted 3.183,6 trillion won in the 1st quarter this year, up 34.7 percent YoY with net profit coming to 218.6 billion won, up 44.5 percent YoY while operating profit rising 33 perce…
President Choi Young-moo of Samsung Fire and Marine Insurance Co. shakes hands with President Michael Watson of Canopius after signing an agreement on investment at the head office of the British insurance firm in London on May 2. (Photo: Samsung Fire)Samsung Fire & Marine Insurance has made an …
Chairman Sohn Tae-seung of Woori Financial Group who also doubles as the CEO of Woori Bank.Woori Bank announced on May 8 that it has floated US$450 million (532.13 billion won) worth of Formosa sustainability bonds in Taiwan.A Formosa bond is a bond issued in Taiwan but denominated in a currency oth…
Chairman Kim Gwang-soo looks back at the initial year of his achievements at a media briefing session on May 8.(Photo: NHFG)NongHyup (NH) Financial Group Chairman and Chief Executive Kim Gwang-soo said May 8 the group will strengthen its business by reorganizing its nonbank assets and seeking opport…
President Jin Ok-dong of Shinhan Bank.Shinhan Bank has decided to go ahead with its plan to use AI technology for the automation of its operations, this time on the analyses of documents and credit evaluations, for the first time in the commercial banking sector.The AI technology will be the first I…
President Choi Hee-nam of Korea Investment Corp. (Photo: KIC)The Korea Investment Corp. (KIC) said the KIC is expected to have its operational results for this year turned around to the “plus” side and post 7.5 percent growth after April, President Choi Hee-nam of told Korean media on April 30 at …
23일 동대문디자인플라자에서 열린 '코리아 핀테크 위크 2019' 개막식 참석자들이 기념사진을 찍고 있다.한국금융투자협회(회장 권용원)와 한국핀테크지원센터(센터장 정유신)는 ‘자본시장과 핀테크 세미나 : 로보어드바이저, AI'를 주제로 한 세미나를 5월24일(목) 오후 4:30부터 동대문디자인플라자 알림1관 국제회의장…
Chairman Cho Yong-byoung of Shinhan Financial Group.Shinhan Financial Group launched Shinhan AI, an artificial intelligence (AI)-based investment consulting company, the group said Feb. 18.The financial group set up an AI-specialized company as a subsidiary which the group registered at a court in S…
Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group plunged is looking to acquire Tongyang Asset Management and ABL Global Asset Management, the former Alliance Asset Management, in its first M&A move since it became a financial group on Jan. 14. China’s Anbang I…
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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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