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Economy/Finance
President Cho Joon-hee of the Industrial Bank of Korea won the Korea Financial Grand Award 2012, which is also known as the Financial Man of the Year Award, in recognition of his contribution to the financial industry.  The Financial Services Commission, the Financial Supervisory Service and th…
KB Kookmin Bank, a leading bank in Korea, has recently won the 2012 Korea Management Grand Award in the area of customer satisfaction.The management of the bank has had close contact and communication with those at the frontline of banking activities, creating such a strong bond between management a…
Chairman Shin Chang-jae of Kyobo Life Insurance Co. has been named the Top Asian Insurance Manager of the Year by winning the 2012 Grand Award for the Asian Insurance Industry on Oct. 28 in Kuala Lumpur, Malaysia, the company said recently.Shin is the only Korean life insurance top executive to win …
"Compassionate Finance is Shinhan’s Commitment,” is the Shinhan Financial Group’s pledge, with over 20,000 officers and staff and a diverse network both at home and overseas, a foothold for its customers’ successes in their endeavors and social progress.The financial group has been taking a step…
K B Financial Group has decided to take over the ING Life Insurance Co. of Korea, a wholly-owned subsidiary of ING Life Insurance in Korea, for 2.45 trillion won, down 100 billion won from the originally agreed price, but the group has yet to persuade outside directors who oppose the takeover callin…
Hyundai Mobis recently held a ceremony for the declaration of the 3rd transparent umbrella sharing project to distribute the umbrellas to students attending a special class on science.The company has been carrying on with the campaign to give away transparent umbrellas to children for their safety f…
Chairman Kim Bong-soo has been reappointed to serve his second  term until Dec. 29, 2013 to head the Korea Exchange by Financial Services Commission on Oct. 26, the Korea Exchange said recently. FSC cited as reasons for his reappointment his reform of the management of the Korea Exchange, …
“The Korean food export industry is shifting from the ‘push’paradigm to a ‘pull’strategy thanks to Korea’s rising national standing and a surging demand for Korean products,” Park Chong-seo, executive vice president for export promotion at Korea Agro-Fisheries & Food Trade Corporation (aT…
Korea Investment Management, which slashed KINDEX’s expense ratios to the lowest levels in Korea this September, revealed its aim at leading the ETF market by the improving quality of existing products and launching overseas ETFs.“As observed globally, the Korean ETF market is projected to reach s…
Korea Investment Management, which slashed KINDEX’s expense ratios to the lowest levels in Korea this September, revealed its aim at leading the ETF market by the improving quality of existing products and launching overseas ETFs.“As observed globally, the Korean ETF market is projected to reach s…
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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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