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Economy/Finance
Chairman Hwang Rok of Korea Credit Guarantee Fund. Korea Credit Guarantee Fund (Kodit) won the Presidential Citation for its contribution to financial reforms and the protection of financial consumers at a ceremony for the 2017 Financial Day held on Oct. 31 in Yeouido, Seoul. The Financial Day is o…
President Wi Sung-ho of Shinhan Bank, holds a trophy with Chairman Lim Ju-hyun of the first-class graduates of Shinhan Do Dream Soho Academy. (Photo: Shinhan Bank) Led by President Wi Sung-ho, on Sept. 26 Shinhan Bank unveiled a mammoth “Shinhan Do Dream Project” involving 9.32 trillion won in lo…
President-designate Hur Yin of Kookmin Bank. Hur Yin, president-designate of KB Kookmin Bank, said customers will be at the center of the bank’s operation when he takes over the top management of the bank.  Shareholders are slated to approve his nomination at a meeting on Oct. 16. During a …
President Lee Kwang-goo of Woori Bank.(Photos: Woori Bank)Woori Bank clinched the right to be the main bank for the National Pension Service (NPS) with 600 billion won in funds for the next five years with the pension service announcing the bank will be the priority bidder at the end of the biddin…
President Kim Kyu-ok of the Korea Technology Credit Guarantee Fund(kibo).(Photo: Kibo) The Financial Services Commission (FSC) has officially taken up the matters related to turning Korea Technology Credit Guarantee Fund (Kibo) into a corporation, with the fund now reassigned to the Ministry of SME…
Chairman Shin Chang-jae of Kyobo Life Insurance Co.(Photo: Kyobo Life Insurance) Kyobo Life Insurance Co. led the life insurance industry in Korea for the past 60 years after wisely overcoming a number of crises, including the foreign exchange and global financial crises. At the center of its strat…
President-designate Lee Dong-bin of Suhyup Bank. (Photo: NFFC) Lee Dong-bin, former vice president of Woori Bank, has been nominated as the new president of the Suhyup Bank. The Bank President Recommendation Committee of Suhyup Bank announced on Oct. 18 that the committee nominated the former vice…
President Moon Jae-do of the Korea Trade Insurance Corp. The Korea Trade Insurance Corp. (K-sure) has recently recovered $3.7 million worth of non-performing loans from Nigeria. The recovered money is part of export bonds worth $12.8 million a Korean trade company did not receive from a Nigerian ba…
IBK Head Office building. (Photo: IBK)The Industrial Bank of Korea is out to support its SME clients go through restructuring with diverse financial means. Its slogan, “Finance right and we can succeed together,” was set up following its Companion Finance declaration at a recent ceremony.At the mo…
Chairman Hwang Young-key of the Korea Financial Investment Association(KOFIA).(Photo: Kofia) Chairman Hwang Young-key of the Korea Financial Investment Association (Kofia) said the association has requested to the National Assembly that it should take actions to expand the lending limits placed on …
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Industry/Energy
New KEPCO E&C President Lee Bae-soo. (Photos: KEPCO E&C) New KEPCO E&C President Lee Bae-soo took office as CEO of the company at an inauguration ceremony at its headquarters in Gimcheon, Gyeongsangbuk-do, on Feb. 13.  The inaugura…
Vice Chairman Huh Soo-young, head of Lotte Group’s Chemical Business Unit. (Photo: Lotte Chemical) Lotte Chemical is forecast to benefit from favorable factors such as a booming U.S. ethylene industry, Kiwoom Securities Co. said in a report.  …
A view of the KEPCO pavilion, titled “Smart Energy City Unfurls in PyeongChang,” during  2018 PyeongChang Winter Olympics. Beijing, the host city of the next Winter Olympic Games, Tokyo, the venue of the next Summer Olympiad, joined other cou…
An official with LSIS explains to a foreign visitor exhibits on display at the World Smart Energy Week 2018. (Photos: LSIS) LSIS has come up with total solutions ranging from photovoltaic power to ESS, direct current, alternate current power solutio…


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