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Economy/Finance
Chairman Kim Jung-tae of Hana Financial Group.(Photo: HFG) Hana Financial Group posted its best third quarter since 2012 thanks to synergy from the merger with the Korea Exchange Bank and real estate investments, boosting this year’s profit over that of last year’s. The financial group said on O…
Chairman Kim Yong-hwan of NH Financial Group. NongHyup Financial Group Inc. said on Oct. 26 that its third-quarter earnings increased nearly 3 percent on-year thanks to strong revenue and less money set aside to cover bad debt. Net profit reached 182.7 billion won ($162.2 million) in the July-Sept…
A view of an opening ceremony of the Industrial Bank of Korea’s Kangaroo Store in Suwon, Gyeonggi Province. IBK President Kwon Seon-joo is among the store’s staff, officials of IBK and officials from the Holt Children Welfare in the ceremony held recently in Suwon, Gyeonggi Province.(Photo: IBK) …
President Lee Kwang-goo of Woori Bank. (Photo: Woori Bank)South Korea’s government has sold a $2.1 billion stake in Woori Bank to multiple investors in its latest bid to privatize the lender and recoup taxpayer money it pumped in to bail out the lender some two decades ago, according to the country…
President Ahn Min-soo of Samsung Fire and Marine Insurance Co. South Korean non-life insurance companies are expected to report better earnings in the July-September period thanks to an improvement in the auto insurance segment despite a prolonged low-interest-rate environment. According to Korea…
Chairman Park Hyun-joo of Mirae Asset Group.(Photo: Mirae Asset Group) Mirae Asset Daewoo will introduce Vietnam CB Fund in Korea scaled at 67 billion won, which is projected to earn more than 30 percent in Vietnam. Mirae Asset Group said on Oct. 19 it is slated to introduce the No. 1 Linos Vietna…
A Kookmin Card’s credit card with the credit card firm to introduce Blockchain for personal verification to verify the online financial transactions for the first time in Korea.(Photos: Kookmin Card). KB Kookmin Card may become the first credit card operator in Korea to introduce the Blockchain te…
Chairman Yoon Jong-kyoo of KB Financial Group leads the officers and staff of the financial group at a rally to continue to go all-out to make the group to hold on to its leading position in earnings in the financial industry(Photo: KFG) KB Financial Group’s Net Interest Income (NII) for Q3 reache…
President Lee Kwang-goo of Woori Bank. The South Korean lender announced Oct. 26 that it received final approval from the Philippine’s financial authority to take over a 51 percent stake in Wealth Development Bank for 30 billion won ($26 million). With the stake purchase, Woori Bank will become th…
President Ryu Sang-ho of Korea Investment and Securities Co. Korea Investment and Securities bought some 1.5 trillion won worth of real estate abroad so far this year, the most among Korean securities firms, boosting investments in overseas real estate to diversify its assets due to a worsening fin…
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Policy/Politics
Chairman Yim Jong-yong of Financial Services Commission.(Photo: FSC) The FSC outlined its financial policy direction for 2017, focused on prompt and thorough response to financial market risks; financial support for stabilization of household liveli…
Rep. Song Seog-jun of the Liberty Korea Party speaks at a forum on how to overhaul a feasibility study system at the National Assembly Building. Rep. Song proposed a revision bill of the Act on the National Health Insurance Service (NHIS) that would…
Chairman Chung Ji-taik of the Korea Association of Machinery Industry (KOAMI), current vice chairman of Doosan Heavy Industries & Construction, speaks at a New Year’s gathering for those in the Korean machinery industry hosted by the Korea Assoc…
President Lee Hak-soo of Korea Water Resources Corp. (Photo: K-water) Korea Water Resources Corp. (K-water), marking its 50th anniversary this year, plans to ensure safety and welfare and nurture the water industry. In his New Year’s message, K-wat…


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