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Economy/Finance
Woori Financial Co. warned that household debts have grown so big that many borrowers are facing default on some of their loans as concerned banks have made their borrowing conditions more difficult for home loan borrowers.Many young people are turning to capital loan companies for loans on credit a…
Hanwha Securities and Hanwha Investment Securities merged to be reborn as Hanwha Investment and Securities in order to act as an investment banking affiliate for the Hanwha Group and as a top-tier securities firm to more powerfully climb the ladder of greater challenges ahead. The newly-merged …
The life insurance industry has kicked off its social service activities with the Life Insurance Social Service Committee presenting 12 cars to social welfare institutions at a ceremony held at Han River Park in Yeouido, Seoul, on July 17, the Korea Life Insurance Association (KLIA) said recently.Ch…
Chairman Shin Dong-kyu of NH Financial Holding Co. has decided to increase the capital of its affiliates including NH Bank and NH Life Insurance by around 1.7 trillion won to boost their competitive strength. The increased funds will be invested largely in non-financial business sectors, the holding…
Hana Bank China Ltd has been considered the most successful overseas subsidiary not only at Hana Financial Group, but also inside the Korean financial industry due mostly to its outstanding localization characteristics, financial industry sources said recently under the brilliant leadership of Chair…
Chairman Han Dong-woo of Shinhan Financial Group said he will lead the financial group to turn around its strategy of pursuing only profits to one that will also carry out social contributions along with profits, thus “catching two rabbits at one time.”At a ceremony celebrating the group’s 11th a…
Woori Financial Group, as a follow-up measure after the meeting of the chairmen of major financial holding companies on Aug. 21, has decided to resolve the household debt crisis, expand loans to SMEs and the financially poor as well as promote exports and investments in support of the real economy t…
Woori Financial Group, as a follow-up measure after the meeting of the chairmen of major financial holding companies on Aug. 21, has decided to resolve the household debt crisis, expand loans to SMEs and the financially poor as well as promote exports and investments in support of the real economy t…
The following is a summary of a written interview with Chmn. Euh Yoon-dae in which he outlines the group’ s plans and strategies for both domestic and overseas operations °™Ed.One of the biggest management objectives for KB Financial Group has been risk management, especially in the area of house…
The Industrial Bank of Korea led by CEO Cho Joon-hee has been pushing its globalization under a strategy designed to set up a global belt in Asia and then to expand its operations to six continents by setting up operation bases in those regions.The IBK’ s major aim is to set up the bases in those k…
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Policy/Politics
Rep. Kim Han-jung Special Committee on Political Reform of the National Assembly.  Political reform will have to be made in such a way that it can be representative of the people’s will, said Rep. Kim Han-jung, who serves as a member of the Sp…
A group of key participants raise arms led by Busan Mayor Suh Byung-soo at the 4th International Conference held on  Nov. 28 at the Federation of Korean Industries building in Seoul hosted by Busan Metropolitan City in a bid to bring World Expo …
The participants in the 5th International Forum on Housing and Urban Finance including Minister Kim Hyun-mee of the Ministry of Land, Infrastructure and Transport, pose for a photo during the international event held on Dec. 14 at Conrad Hilton Hotel…
President Moon Jae-in shakes hands with Chinese President Xi Jinping at the Great Hall of the People in Beijing on Dec. 14. (Photo: courtesy on the website of Cheong Wa Dae) President Moon Jae-in returned home on Dec. 16 after wrapping up a three-da…


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