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Economy/Finance
(from left up) Chairman Kim Kyu-bok of Korea Life Insurance Association.President Park Keun-hee of Samsung Life Insurance Co. Chairman Shin Chang-jae of Kyobo Life Insurance Co. Vice Chairman Shin Eun-chul of Korea Life Insurance Co."If last year was the year for us to prepare for our leap to be a t…
Chairman Kim Seung-yu of Hana Financial Group."Stable growth through managing the two factors well is the target of the bank this year. In order to achieve the objectives, the bank will go all out to find new growth areas such as crossover sales in its operations in order to diversify profit sources…
Chairman Euh Yoon-dae of KB Financial Group.Chairman Euh Yoon-dae of KB Financial Group is getting a plan ready to take over a foreign bank or buy stakes when banks impacted by the European debt crisis this year are up for sale. The chairman, who is a former chancellor of Korea University, told…
Chairman Han Dong-woo of Shinhan Financial Group.Chairman Han Dong-woo of Shinhan Financial Group said it is not a sure thing whether or not the group can sustain its pace of recent growth this year, even with the stellar results of last year."If our export industries falter due to a global slowdown…
President Lee Soon-woo of Woori  Bank.To advance the mid- to long-term vision to be among the global top 50 and the Asian top 10 players, Woori Financial Group (WFG) set its 2012 management target on building up business infra for the maximization of the Group's value. Key management strategies…
President Cho Jun-hee of the Industrial Bank of Korea."We are ready to take about 400 billion won in losses by expanding our loans to SMEs this year," President Cho Jun-hee of the Industrial Bank of Korea (IBK) said in his New Year media briefing on Jan. 2.Cho said the bank's net profit projection f…
Chairman and President Kim Yong-hwan of the Export-Import Bank of Korea.The Export-Import Bank of Korea (Korea Eximbank) announced that it has successfully issued global bonds totaling $2.25 billion to investors worldwide on the dawn of Jan. 5. The offering is the largest single Korean global bond o…
President Chang Young-chul of Korea Asset Management Corp.President Chang Young-chul of Korea Asset Management Corp. (KAMCO) said this is the 50th year for KAMCO, a company devoted to the stabilization of the financial market since its launching a half century ago."In order to be ready for the compa…
Chairman Kang Man-soo of KDB Financial Group.Chairman Kang Man-soo of KDB Financial Group said recently that the financial group will sell 10 percent of the 100 percent stake owned by the government and the Korea Investment Corp. (KIC) through the stock market this year.KDB Financial's plan has alre…
Minister of Knowledge Economy Hong Suk-woo attends a meeting with the nation's top 30 business group leaders at the Seoul Renaissance Hotel on Jan. 13.The nation's top 30 conglomerates have decided to set aside a combined 151.4 trillion won in investments and create 123,000 new jobs during this year…
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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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