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Korea Asset Management Co. (KAMCO) faced one of the toughest problems in 1997 on the path of its growth because it had to take care of a string of corporate bankruptcies in the wake of the Asian foreign exchange crisis, officials of the company recalled.In January of that year, the Hanbo Group went …
Korea Asset Management Co. (KAMCO) faced one of the toughest problems in 1997 on the path of its growth because it had to take care of a string of corporate bankruptcies in the wake of the Asian foreign exchange crisis, officials of the company recalled.In January of that year, the Hanbo Group went …
KDB Financial Group may make its affiliate KDB Asset Management a top hedge fund manager by offering a string of hedge fund products for domestic investors and investors in Asia and, in the long term, globally.Chairman Kang Man-soo said the KDB Financial Group will try to make KDB Asset Management a…
On Sept. 14, 2012, Standard and Poor’s Rating Services upgraded Korea’s sovereign credit rating from ‘A’ to ‘A+’. The outlook is ‘stable.’ S&P had upgraded Korea’s credit rating from ‘A-’ to ‘A’ in May 2007, where it had remained until today’s upgrade. With S&P’s credit rating…
Samsung Fire and Marine Insurance Co. has rapidly shifted its strategy from tight internal management to policies for expanding its market share due to Chairman Lee Kun-hee’s concern for its falling market share in recent years. According to financial authorities and industry sources, Samsung …
Korea Life Insurance Co., which was taken over by Hanwha Group, is on the verge of changing its name to Hanwha Life Insurance Co. in the fall if the change is approved at the upcoming shareholders’ meeting, industry sources said recently.The board of the life insurance company already agreed to the…
Samsung Life Insurance Co. introduced life insurance products that guarantee reimbursement for any sickness and accidental death until the age of 100, dubbed “Love 100 Years Guarantee Insurance,” the company said on July 10.The new life insurance policy guarantees the policyholder payment against …
President Hwang Sung-ho of Woori Investment and Securities Co. said a blue ocean market has opened for the securities industry with the arrival of the mobile market. “We have been doing our best to provide the best service in the mobile trading system (MTS) area through the development of reformati…
The Industrial Bank of Korea observed its 51st anniversary on Aug. 1 at a ceremony held at its head office in Euljiro, downtown Seoul, with over 400 officers and staff in attendance, led by President Cho Joon-hee. President Cho, in his congratulatory speech, said 51 years is a long time when looking…
Hana Financial Group has successfully taken over Broadway National Bank (BNB) Financial Services Corp. run by Korean-Americans, which owns BNB Bank in New York, by securing a 71 percent stake in the holding company on July 21, the group said recently.Hana and BNB Corp. signed an agreement in New Yor…
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IT/Science
Serra do Air Wind Farm (Photos : Adelino Oliveira for EDP)Abogalheira Wind Farm, Portugal Europe's westernmost country makes one of the most efficient wind towers in the world. ASM Energia produces, in the north of Portugal, wind towers exported to …
Beta-i founders (left to right): Tiago Pinto (Head of Money & People), Pedro Rocha Vieira (CEO), Ricardo Marvao (Head of Global Resources) and Manuel Tanger (Head of Innovation & Corporate Acceleration) Portugal is one of Europe’s most vibr…
Models promote NUGU, an artificial intelligence service based on voice recognition technology, SK Telecom has introduced. (Photo: SK Telecom) SK Telecom has introduced NUGU, an artificial intelligence (A.I.) service based on voice recognition techno…
Superstars, including Hellovenus Nara and comedian Park Myung-soo, participate in an event to celebrate the release of the Samsung Electronics’ Galaxy Note 7 at its Gangnam outlet at T World on Aug. 19. (Photo: SK Telecom) SK Telecom held an event …


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