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Economy/Finance
Chairman Cho Yong-byoung of Shinhan Financial Group holds a copy of the strategic collaboration agreement signed between the financial group and the Amazon Web Services on June 29 in New York with Vice President Frank Fallon of the U.S. web services firm.(Photo: SFG) Chairman Cho Yong-byoung of Shi…
President Lee Kwang-goo of Woori Bank. Woori Bank will inject $100 million into its Indonesian subsidiary to bolster its capital base and groom it to be one of the top five lenders in the Southeast Asian country. According to multiple sources from the financial industry on June 28, PT Bank Woori S…
President Kim Do-jin of the Industrial Bank of Korea(IBK). The Industrial Bank of Korea (IBK) said it has successfully set up a fund of 100 billion won for investments in SMEs to support their early stages of growth. Called, “IBK-KIP Stepping Stone Growth Fund,” SMEs with excellent technologies a…
Chairman Hwang Young-key of the Korea Financial Investment Association.(Photo:Kofia) Chairman Hwang Young-key of the Korea Financial Investment Association has called for South Korea set up a financial hub in Seoul by inviting the international financial community to locate their operations there. …
President Kim Won-kyu of NH Investment and Securities Co. NH Investment and Securities Co., the only large securities firm operating a hedge fund, plans to boost its 300 billion won fund to as much as 1 trillion won by next year, securities sources said on July 3. The securities firm is out to doub…
Chairman Hwang Rok of the Korea Credit Guarantee Fund(KODIT). The Korea Credit Guarantee Fund (KODIT) celebrated its 41st anniversary on June 1 with a ceremony at its head office in Daegu. All of the entire officers and staff signed “E-Clean” Affidavits in which they swore to be “clean” at work…
President Kim Jae-chun of Korea Housing Finance Corp.(Photo: KHFC) Korea Housing Finance Corp. (KHFC) provides housing finance in Korea. It offers long-term mortgage loans; housing guarantees for individuals, such as guarantees for rental, installments, and home purchases; housing guarantees for ho…
President Lee Kwang-goo of Woori Bank. Shares of Woori Bank have been rising rapidly this year with the expectation that the bank would do well in the first year of its privatization. The government sold most of its stake in the bank to multiple private sector investors last November for $2.1 billi…
Shinhan Card President Lim Young-jin. Shinhan Card has launched the Asiana Shinhan Card Air 1.5, which strengthens benefits for cardholders from the accumulation of mileage with Asiana Airlines. The new card has the highest mileage accumulation rate among similar cards in operation, with more benef…
The “KB Card Easy Auto Loan” enables a car buyer to pay for a car with his or her credit card and make repayments in monthly installments for 60 months as if repaying a loan. But the interest charges for the installment financial product vary depending on car model and the amount of the down pa…
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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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