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Economy/Finance
Chairman Sohn Tae-seung of Woori Financial Group.Woori Financial Group will aggressively pursue acquisitions of nonbanking firms such as asset management, real estate management and mutual savings banks to boost its size and scale to compete with other groups, said Sohn Tae-seung, the group chairman…
President Lee Dae-houn, 2nd left, of NH Bank, meets with Director Allen Awoo in charge of the Banking Sector of the Hong Kong Financial Authority.President Lee Dae-houn of NH Bank, left, shakes hands with President Steven Phillips of the Hong Investment Office in Hong Kong. (Photos: NH Bank)Presiden…
Chairman Shin Chang-jae of Kyobo Life Insurance Co. (Photo: Kyobo life)Chairman Shin Chang-jae of Kyobo Life Insurance Co. has made a new proposal on the disposal of the shares held by the SE Private Equity and IMM PE totaling 4.92 million shares, or a 29.34-percent stake.According to IB sources on …
Chairman Eun Sung-soo of the Export and Import Bank of Korea (Eximbank)The Export and Import Bank of Korea (Eximbank) is ready to dish out some 62 trillion won in loans and guarantees this year, with a focus on the exploration of new markets for infrastructural projects both at home and aboard, Chai…
Chairman Cho Yong-byeong of Shinhan Financial Group. (Photo: SFG)Shinhan Financial Group posted 3.156,7 trillion won in net profit in 2018, up 8.2 percent YoY. It is the largest net profit in its history, by affiliates such as Shinhan Bank, Shinhan Capital, and Shinhan Financial Investment, among ot…
Chairman Yoon Jong-kyoo of KB Financial Group. (Photo: KBFG)KB Financial Group logged a net profit of 3.068 trillion won last year, down 7.3 percent YoY due largely to boosts in general expenses. On the bright side, the firm still notched more than 3 trillion won for two consecutive years.The financ…
Chairman Kim Sung-tae of Hana Financial Group. (Photo: HFG)Hana Financial Group posted a record profit in 2018 amounting to 2.240 trillion won on consolidated basis, up 10 percent YoY,the largest since 2005 when the group was launched for the first time due mainly to substantial boosts in its major …
Chairman Kim Gwang-soo of NH Financial Group. (Photo: NHFG)NH Financial Group said its net profit in 2018 amounted to 1.218,9 trillion won, the largest in its history, up 41.8 percent YoY. It was the initial year for Chairman Kim Gwang-soo as the top manager of the financial group. NH Financial, lau…
Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Bank recorded one of its best-ever operating profits last year, totaling 2.019 trillion won in net profit in 2018, up 33.5 percent YoY, the bank announced on Feb. 11.The bank said its 2.29 trillion won operating profit for 2006 rema…
President Kim Do-jin of the Industrial Bank of Korea(IBK). (Photo: IBK)The Industrial Bank of Korea said its net profit amounted to 1.764,4 trillion won in 2018, up 17 percent YoY, the largest in its history. The bank said it and its affiliates’ outstanding loans with SMEs came to 151.6 trillion wo…
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Policy/Politics
President Kim Yong-ik of the National Health Insurance Service (NHIS) speaks at a session to report the outcomes of the 2nd anniversary of the President Moon Jae-in’s Care initiative at the Ilsan Hospital in Goyang on July 2. (Photo: NHIS)A health i…
President Moon Jae-in shakes hands with Saudi Crown Prince Mohammed bin Salman at Cheong Wa Dae, the Presidential Office, on June 26 before holding talks. (Photo on the courtesy of Cheong Wa Dae website)Saudi Arabia and South Korea signed an $8.3 bil…
Minister of Trade, Industry and Energy Sung Yun-mo shakes hands with minister of Energy, Industry and Mineral Resources Khalid A. Al-Falih of Saudi Arabia after sining an agreement on hydrogen economy and auto as President Moon Jae-in and Saudi Crown…
President Moon Jae-in speaks at a ceremony to declare the vision at a smart manufacturing innovation center in Ansan, Gyeonggi-do, on June 19. (Photo on the courtesy of Cheong Wa Dae website)The government unveiled its vision of resurrecting the Kore…


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