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Economy/Finance
Financial Services Commission Chairman Choi Jong-ku and commercial bank presidents hold an agreement on jeonse and monthly rent loans tailored to meet youth¡¯s need after signing it at the Korea Federation of Banks building in downtown Seoul on May 22. (Photo: FSC)Korea Housing-Finance Corp. (HF) is¡¦
Chairman Moon Chang-yong of Korea Asset Management Corp.(KAMCO). (Photo: KAMCO)Korea Asset Management Corporation (KAMCO) will look at revising the KAMCO Act so it can actively assist troubled but viable small- and medium-sized enterprises (SMEs). It plans to do that by normalizing their business th¡¦
Chairman Yoon Jong-kyoo of KB Financial GroupKB Financial Group reported its best-ever quarterly net income for the April-June period, largely supported by recovery of bad debts.The holding company, in a regulatory filing on July 18, said its net profit in the second quarter jumped 17.2 percent on q¡¦
Chairman Sohn Tae-seung of Woori Financial Group. (Photos: WFG)Woori Financial Group said July 22 that it recorded a net profit of nearly 1.18 trillion won ($1.53 billion) for the first half of the year, marking a new high. Second-quarter net income increased 7.6 percent on-quarter to 610.3 billion ¡¦
Chairman Kim Gwang-soo of NH Financial Group. (Photo: NHFG) NongHyup Financial Group Inc. reported a net profit of 564.4 billion won ($476.6 million) in the second quarter, surging 30.4 percent from the previous three months thanks to solid earnings from its major lending unit.Net profit in the firs¡¦
President Kim Do-jin of Industrial Bank of Korea, delivers his congratulatory speech at the bank¡¯s 58th anniversary ceremony held on Aug.1 at the bank¡¯s head office in Euljiro, downtown Seoul.The Industrial Bank of Korea (IBK) celebrated its 58th anniversary this year by launching a digital servic¡¦
Chairman Lee Dong-gull of Korea Development Bank.(Photo: KDB)South Korean state lenders will put up 5 trillion won ($4.1 billion) in a government-sponsored fund to finance mergers and acquisitions to raise competitiveness and resilience of Korea Inc. against outside risk factors, such as trade barri¡¦
President Lee Dae-hoon of NH BankNH Bank has set up a special loan fund under the name of ¡°NH Business Success Loan,¡± amounting to 3 trillion won, to be provided to companies sustain damages from the Japan¡¯s unilateral trade sanctions against Korea.The bank announced on Aug. 12 that it will give ¡¦
Chairman Park Hyeon-joo of Mirae Asset Group.Mirae Asset Financial Group is emerging as the leading bidder for a U.S. luxury hotel portfolio being sold by trouble Chinese insurer Anbang Insurance Group Co, people with knowledge of the matter said. An affiliate of Mirae is working to arrange financin¡¦
Chairman Shin Chang-jae of Kyobo Life Insurance Co. (Photos: Kyobo Life)Kyobo Life Insurance marked its 61st anniversary Aug. 7. and celebrated it with the publication of a book on its 60-year history.Founder Shin Yong-ho started the insurance firm with total assets of only 22 million won ($19,547) ¡¦
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Industry/Energy
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