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Economy/Finance
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…
We are ready to take about 400 billion won in losses by expanding our loans to SMEs this year,” said President Cho Jun-hee of the Industrial Bank of Korea (IBK) at his New Year media briefing on Jan. 2.Cho said the bank’s net profit projection for this year has been cut by 400 billion won from las…
Chairman and CEO Chang Young-chul of Korea Asset Management Corp. (KAMCO) said in his congratulatory speech on KAMCO’s 50th anniversary on April 6 that he will steer the company to be an investment bank for the national economy by taking care of state assets and defaulted assets of state companies …
Chairman Kang Man-soo of the KDB Financial Group said the group will look for proper-scale foreign banks for M&As if they are in the market during his visit to KDB Hungary in Budapest on March 19.Under the group’s M&A strategy, he told officials of the group’s Hungarian subsidiary that the…
The Market Oversight Commission (MOC), under the umbrella of the Korea Exchange (KRX), put into place a stock market alert system effective March 12. The revamped system is considered to have a cooling effect on rapid stock price fluctuations caused by speculation or fictitious demand, thus contribu…
The Monetary Policy Committee of the Bank of Korea decided to leave the Base Rate unchanged at 3.25% for the intermeeting period.Based on currently available information, the Committee considers some economic indicators in the US to have shown trends of further improvement, but economic activities i…
Minister Park Jaewan of the Ministry of Strategy and Finance has a busy schedule ahead as he heads to Manila to attend the annual conference of the Asian Development Bank and the meeting of the Finance Ministers and Central Bank Governors of ASEAN+3, also in Manila from May 2-5.The minister will als…
President Park Keun-hee along with a number of executives and staff join hands in an event during the March 6 Vision 2020 Declaration ceremony at the company’s head office auditorium in Seoul.Samsung Life Insurance Co., the big brother in the life insurance industry, unveiled its vision to be rebor…
President Yun Yong-ro of Korea Exchange Bank President Yun Yong-ro of Korea Exchange Bank said he will go as far as hiring more people if it is needed to strengthen the bank’s core capacities including the recovery of the bank’s role as the top bank in foreign exchange dealings in Korea.CEO Y…
 Hana Financial Group Chairman Kim Jung-taeHana Financial Group said Choi Heung-shik has been named president of the group and Kim Jong-joon was tapped as president of Hana Bank in a reshuffle of its top executives on March 5 following the resignation of Chairman Kim Seung-yu.Their appointments…
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Industry/Energy
A view of the construction site of Shin Kori Nuclear Power Units 5&6. (Photos: KHNP)A detailed design of Korea’s homegrown nuclear power reactor “APR1400,” similar to Shin Kori Nuclear Power Units 5&6. Korea’s homegrown nuclear power pla…
A bird’s eye view of the projected Biobutanol plant being built in the GS Caltex Yeosu Oil Refinery Complex in Yeosu, South Jeolla Province.A staff checks the biobutanol as it is produced experimentally at its plant in the GS Caltex Yeosu Oil Refine…
A view of the KDHC pavilion during the Korea Energy Show 2017 that took place at the KINTEX from Sept. 19 to 22.President Kim Kyung-won of Korea District Heating Corp. (Photos: KDHC) The Korea District Heating Corp. (KDHC) is considered to be synony…
A view of the 2016 Bigaram International Exposition of Electric Technology (BIXPO 2016). (Photos: KEPCO)A poster of the 2017 Bigaram International Exposition of Electric Technology (BIXPO 2017), slated for Nov. 1-3 at the Kin Dae-jung Convention Cent…


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