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Economy/Finance
Korea Development Bank to keep running the special deposit account until 2015 to attract 10 tln won in depositsKorea Development Bank has decided to keep running its KDB Direct deposit account that facilitates deposits directly at the KDB home office without going through branches or other outlets o…
LG Business Group has declared its top three management keys in order to join the club of 100-year-old companies °™ customer value management, proprietary technology management, and green management. The business group celebrated the 65th anniversary of its establishment on March 27. The late…
Shinhan Life Insurance Co. on March 23 marked the company’s 22nd anniversary in a ceremony held at the training institute of Shinhan Bank in Kihung, Gyeonggi Province, just outside of Seoul, with some 600 executives and staff attending.The ceremony was a joyous event as the financial consultants an…
President Kim Chang-soo of Samsung Fire and Marine Insurance Co. said the company’s Vision 2020 aims for the company to be counted among the top 10 non-life insurers in the world by 2020.Meeting reporters for the first time since his inauguration as CEO following the announcement of the company’s …
Chairman Shin Chung-shik of NH Bank, who also heads NH Financial Holding Co., has been busy at work to make NH Bank known throughout the country since its restructuring following the division of Nonghyup into two holding companies, NH Financial Holding Co. and NH Economic Holding Co.The new chairman…
Chairman Kim Jung-tae of Hana Financial Group said the group is ready to take over an insurance firm at any time if the right opportunity arrives, but has ruled out taking over ING Life, which is being contested by KB Financial Group and Samsung Life, by saying it is not right for Hana.During a medi…
Chairman Han Dong-woo has always stressed “warm financing” as his management ideology since his inauguration as the top executive of the Shinhan Financial Group last September.At the first executive meeting of the group he attended last year, the new chairman told the participants that financial i…
Chairman Lee Pal-seung of Woori Financial Group has been pushing the group’s strategy this year to enhance its competitive power by strengthening risk management, expanding the base to generate more profit, securing a leading position for its non-banking sector, speeding up globalization of the gro…
Chairman Euh Yoon-dae of KB Financial Group announced at the shareholders meeting on March 23 at the Kookmin Bank head office in Yeouido, Seoul, that the group will jump into the race to take over ING Life Insurance Co. in competition with other financial firms including Woori Financial Group. The f…
Korea Export and Import Bank has decided to participate in Sukuk bond issuing with Aramco to finance the Sadara Project, the largest petrochemical plant project ever undertaken in Saudi Arabia.Aramco is slated to issue $2 billion worth of Sukuk bonds in the fall and Exim Bank will guarantee anywhere…
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Culture/Tourism
An ad for Hangang Summer FestivalA scene from the Fire Dance Program performed during the festival last year. (Photos: Seoul City) Seoul City has kicked off a month-long festival along the Han River entitled “Hangang All-in (Mongttang) Summer Festi…
President & CEO Lee Hee-beom of the Organizing Committee of the Olympic Winter Games PyeongChang 2018. (Photos: Organizing Committee of the Olympic Winter Games PyeongChang 2018) With a little more than 200 days left before the opening of Olympi…
Key officials of Kangwon Land led by CEO Hahm Sung-hee cut the cake in an opening ceremony for High1 Resort Singapore Branch on May 12, 2017.(Photo: Kangwon Land) Kangwon Land opened its first overseas office in Singapore as part of a push to divers…
KTO officials hold  Suhorang dolls, the mascot for the 2018  PyeongChang Winter Olympic slated to be held in PyeongChang, Gangwon Province Feb. 8-25, 2018,  to promote the winter sports extravaganza at Tokyo’s Haneda Int’l Airport up…


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