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A group of key executives of NH Bank, Indeck Niles Energy and the companies participated in the financial package pose for a photo session after signing an agreement for the $590 million in financial package arranged by NH Bank for the Niles Power Plant Project in Niles, Michigan, on May 7 at Indeck…
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President Kim Do-jin of the Industrial Bank of Korea. (Photo: IBK)]President Kim Do-jin of the Industrial Bank of Korea is ebullient about the future of the bank with the bank posting the best H1 results since the bank was launched, which was also transferred to the overseas operation with the bank …
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Chairman Lee Dong-gull of Korea Development Bank (KDB). (Photo: (Photo: National Assembly of the Republic of Korea)The state-run Korea Development Bank (KDB) is considering selling its majority stake in Daewoo Engineering & Construction Co.(Daewoo E&C) in about two years, as the company is p…
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President Yoon Yeol-hyun of Kyobo Life Insurance Co., center, cuts the tape at the opening ceremony of the Open Innovation Inno Stage Co-Working Space, a healthcare center, at Kyobo Life’s head office in Gwanghwamun, downtown Seoul, on Oct. 1, along with heads of startups, the partners to run the f…
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Chairman Park Hyeon-joo of Mirae Asset Group.Mirae Asset Global Investments said Oct. 2 it has acquired 15 premium hotels in the United States in a package deal reportedly worth more than $5.8 billion, the largest alternative investment deal ever for a South Korean financial firm.The company said th…
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President Chung Il-moon of Korea Investment and Securities Co.Korea Investment and Securities Co. (KIS) has always been known as a company that has the most sound profit base in the industry, as its first half results this year show up an astounding 42 percent YoY increase at 408 billion won. That’…
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President Lee Dong-bin of Suhyup Bank.Suhyup Bank is setting up its first local bank overseas, in Myanmar, to exclusively provide small loans, which is the part of the bank’s strategy to explore alternative international financial markets, diversifying from the crowded domestic financial market.The…
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President Wi Seong-baek of Korea Deposit Insurance Corp.(KDIC), left, swears with others before the Political Affairs Committee of the National Assembly as the parliamentary audit begins. (Photo: National Assembly of the Republic of Korea)President Wi Seong-baek of KDIC said it was a great honor to …
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Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group's Chairman Sohn Tae-seung is making all out efforts to raise prices of the group's shares. He is trying to show his confidence on the future performance of the financial group through multiple stock repurchases while…
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A view of the building in Seoul where Eximbank has offices. (Photo: Eximbank)The Export and Import Bank of Korea will be able to provide loans to domestic firms undertaking economic projects in so called “dangerous countries” thru a special account set up in May this year. The account holds 3.7 tr…
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Chairman Kim Ki-moon of Korea Federation of Small and Medium Business (KBIZ) poses with President & CEO Mohammad Ali Rashed Lootah of Dubai Chambers after they discussed ways of promoting exchanges and cooperation at Dubai Chambers on Feb. 7. (Ph…
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Amorepacific Group logged 4,259.9 billion won in sales and 249.3 billion won in operating profit last year. The figures represent a 5.9 percent year-on-year rise and a 64 percent year-on-year jump compared to 2023. The high growth rate of t…
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A view of the redesigned Genesis GV60 whose sale was launched in Korea on March 6. (Photo: Hyundai Motor)Sales of the redesigned Genesis GV60 in Korea started on March 6, showcasing more power and state-of-the-art luxury features.It’s the first time…
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A view of “Bibigo Yugjeubgadeug Mandu,” stuffed with chunks of meat and vegetables, and products of the instant rice brand “Hetbahn Sotbahn,” released by CJ Cheiljedang. (Photos: CJ Cheiljedang)CJ Cheiljedang released “Bibigo Yugjeubgadeug Mandu…
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