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Economy/Finance
Chairman Yoon Jong-kyoo of the KB Financial Group. (Photos:KFG) KB Financial Group will take up the Code 2017 Project as its strategic task for this year, Chairman Yoon Jong-kyoo declared in his New Year’s speech. The project is designed to push the digitalization of operations of the group and it…
Chairman Kim Jung-tai of Hana Financial Group said in his New Year's speech the key word that is most often repeated inside the group has been “digital,” not “deposits,” “interest rates” or “services,” demonstrating that the age has arrived for financial business firms to compete with non-…
NH Financial Group launched the All One Bank, a mobile banking service, on Aug. 8 last year led by Chairman Kim Yong-hwan, 4th left, in a ceremony held at its head office in Seoul.(Photo: NH Financial Group) NH Financial Group has decided to push the digital finance as its growth engine for this ye…
President Lee Kwang-koo of Woori Bank.(Photo: Woori Bank) Woori Bank was the first financial institution in the country to introduce a mobile banking service that allowed users to apply for and receive loans completely through an app. The loans offered through Woori’s WiBee Bank app had so mid-ran…
Chairman Kim Do-jin of Industrial ‘Bank of Korea(IBK) speaks during a meeting of all branch managers and affiliates of IBK totaling around 1,000 gathered on Feb. 10 at the bank’s head office in downtown Seoul(Photos: IBK) In a speech at the 2017 Branch Managers Meeting on Feb. 10, Chairman Kim Do…
Samsung Group retains most of the current CEOs of its financial affiliates including President Kim Chang-woo, left, of Samsung Life, President Ahn Min-soo, middle, of Samsung Fire and Marine Insurance, and President Won Ki-chan, right. of Samsung Card.(Photos: Samsung Group) President Kim Chang-soo…
Chairman Lee Soo-chang of the Korea Life Insurance Association (Photo: KLIA) The 4th Industrial Revolution is expected to open up a new world that humans have never experienced. The new revolution will emerge as a new paradigm for competition, changing the existing economic topography.  AI, R…
President Yoon Woong-yong of KB Kookmin Card. KB Kookmin Card has many kinds of credit cards, including the Good Day All-in Card, which gets cardholders a discount at service stations; Good Shopping Card, which is good for a discount at marts; Dadam Card, which earns points for accumulation at cert…
Minister Joo Hyung-hwan of the Ministry of Trade,Industry and Energy, left, and Vice Chairman Ahn Sang-hwan of the Korea Exchange pose for a photo with President Ahmyrat Danatarov of the Turkmenistan Stock Exchange, 2nd Right, after signing an MOU on cooperation between the two stock exchanges on Ap…
Chairman Hwang Young-key of the Korea Financial Investment Association(Kofia). The following are the excerpts of remarks made by Chairman Hwang Young-key on the future of the financial investment: At last, the time is here for the world to see the many things that AI can do. At the end of last yea…
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Policy/Politics
South Korean President Moon Jae-in delivers his maiden speech at the UN General Assembly in New York on Sept. 21. How can North Korean leader Kim Jong-un’s nuclear arms ambitions be stopped? Is it possible that the United Nations Security Council’…
Gov. Choe Heung-sik of the Financial Supervisory Service.(FSS)(Photo: FSS)Gov. Choe Heung-sik of the Financial Supervisory Service (FSS) stressed at his inaugural ceremony on Sept. 11 that the Financial Supervisory Service will perform its services c…
Dir.-Gen. Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport. Director-General Sohn Myung-soo of the Railway Bureau of the Ministry of Land, Infrastructure and Transport said in a recent written interview with…
Chairman Choi Jong-ku of the Financial Services Commission (FSC) will try to cut the maximum interest rate on defaulted loans, now standing at 14 percent per year. He also plans to make insurance firms to make payments to those who have yet to see …


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