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Economy/Finance
President Kim Do-jin of the Industrial Bank of Korea. (Photos: IBK) The Industrial Bank of Korea (IBK) announced on Sept. 7 that it will launch the Start-up Support Master Program as part of the Companion Fund in support of the government’s initiative to seek out reformative businesses and help le…
Chairman Gwak Bum-gook of Korea Deposit Insurance Corp.(KDIC) chairs a meeting during the First Move 2017, an exercise for key financial institutions in Korea including the Financial Services Commission and the Bank of Korea to cope with the possible crisis for the financial institutions in the conn…
President Yoon Chang-yong of Korea Asset Management Corp. (KAMCO). (Photo: KAMCO) Korea Asset Management Corp. (Kamco) Sales and Lease Back Program has completed 200 billion won worth of deals, Kamco said recently. The arrangement involves the company buying struggling business firms’ assets and l…
Dignitaries, including Korea Credit Guarantee Fund (KODIT) Chairman Hwang-Rok, participate in a ceremony to celebrate the 20th anniversary of the Credit Insurance System at the ICC Hotel in Daejeon on Sept. 6.(Photo: KODIT) Korea Credit Guarantee Fund (KODIT) celebrated the 20th anniversary of the …
Chairman Kim Jung-tae of Hana Financial Group.(Photo: HFG) Chairman Kim Jung-tae of Hana Financial Group has been stressing the importance of investment banking (IB), urging the heads of the group’s affiliates not to be afraid of risks in expanding the IB operation. At a dinner in early August wi…
Chairman Kim Yong-hwan of NH Financial Group.(Photo:NH Financial) Chairman Kim Yong-hwan of NongHyup Financial Group has decided to make visits to the group’s affiliates to discuss pressing matters facing them, in particular the changes in business environment in the wake of North Korea’s nuclear…
President Lee Kwang-goo of Woori Bank.(Photo: Woori Bank) President Lee Kwang-goo of Woori Bank unveiled an eight-point management strategy for the second half this year.  The comprehensive plan includes securing customers with excellent financial standings, boosting healthy assets, securing …
A number of different shots of the KB Kookmin “Tantan Daero Easy Home Card” offering various benefits to its holders such as discounts at movies, theaters, shopping malls, among others.(Photos: Kookmin Card) KB Kookmin Card’s “Tantan Daero Easy Home Card” is a specialized automatic payment cre…
Chairman Park Seung-joon of Construction Guarantee. Since its founding in 1963, Construction Guarantee has supported construction companies in their individual pursuits and has contributed to the development and growth of the construction industry in Korea. Construction Guarantee was the first inst…
President Kim Jae-chun of Korea Housing Finance Corp. (Photo: HF)Korea Housing Finance Corp. said subscribers to the Housing Retirement Fund (JTYK), total 45,371 so far, with this year being the 10th anniversary of the retirement fund program. The subscribers to the housing retirement fund numbered …
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Industry/Energy
Chairman Kim Ho-sung of the Korea Energy Information Culture Agency (KEICA). The Korea Nuclear Energy Agency (KNEA) has changed its name to the Korea Energy Information Culture Agency (KEICA) and also updated its mission. The board of directors appr…
Minister of Trade, Industry and Energy Paik Un-gyu holds a certificate of an MOU for closer ties between the two countries in the nuclear energy sector with British Secretary of State for Business, Energy and Industrial Strategy (BEIS) Greg Clark aft…
GS Caltex is considering a plan to expand its NCC/PE (Polyethylene) production facilities by building a new production center for the petrochemical product. The oil refiner wants to boost its profit by producing more PE as its traditional oil busi…
President Moon Jong-bak on an inspection of the safety of Daesan Oil Refinery Complex.(Photo: Hyundai Oilbank) Hyundai Oilbank, one of the top refiners in Korea, said that the company would conduct maintenance activities at its Hyundai Oilbank Daesa…


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