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Chairman Shin Yong-kil of the Korea Life Insurance Association (KLIA). The deferral of the effective date of IFRS 17 Insurance Contracts an additional year, to Jan. 1, 2023, has given insurance companies a sigh of relief. They now have another opportunity to accumulate additional capital, which will…
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Chairman Cho Yong-byoung of Shinhan Financial Group speaks at a general shareholders’ meeting at the group headquarters in Sejongdae-ro, Seoul, on March 26. Chairman Cho was reelected as chairman of the group. (Photos: Shinhan Financial Group) Chairman Cho Yong-byoung of Shinhan Financial Group has…
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President Moon Sung-yu of Korea Asset Management Corp. (KAMCO) and trade union head Kim Seung-tae participate in an event to join forces in overcoming a crisis, caused by the spread of COVID-19 on March 9. (Photos: KAMCO)Korea Asset Management Corp. (KAMCO) has played the part of economic safety net…
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President Wi Seong-bak of Korea Deposit Insurance Corporation (KDIC) and IBK President Yoon Jong-won pose after they signed an MOU at IBK headquarters in Seoul on Feb. 28. (Photo: KDIC)The relentless spread of the novel coronavirus is expected to put increasing pressure on debtors who are carrying o…
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KODIT Chairman Yoon Dae-hee listens to the voices of the management and employees at Kiseung Industrial Co., a car parts manufacturer in Daegu on April 9. (Photo: KODIT)The Korea Credit Guarantee Fund (KODIT) announced on April 13 that it was actively expanding guarantee-based support for small and …
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The Export-Import Bank of Korea holds a meeting presided over by Bang Moon-kyu (before the monitor at the center), chairman-president of the state-run Export-Import Bank of Korea in order to help Korean companies suffering from the spread of the COVID-19 virus with emergency financial support throug…
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An view of KDB headquarters in Yeouido, Seoul. (Photo: KDB)The Korea Development Bank (KDB) will buy 1.9 trillion won worth of corporate bonds in order to keep the Korean financial market stable in April. Corporate bonds of grade A or higher worth up to 200 billion won per company will be purchased …
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President Yoon Jong-won of the Industrial Bank of Korea (IBK) talks with the head of a small business struggling to cope with the damages, caused by the spread of COVID-19 on March 17. President Yoon Jong-won of the Industrial Bank of Korea (IBK) said, “The collapse of SMEs will have a greater impa…
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Shinhan Bank President Jin Ok-dong. (Photos: Shinhan Bank)Shinhan Bank President Jin Ok-dong stressed the importance of bold decision-making to challenge old methods that have been verified, saying established business plans need to be continuously reviewed and reevaluated. President Jin made the re…
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Chairman Yoon Jong-kyoo of KB Financial Group. (Photo: KB Financial Group)KB Financial Group will acquire Prudential Life Insurance’s Korean unit. The financial group held a board of directors’ meeting on April 10 and approved its acquisition. KB Financial Group struck a sales and purchase agreeme…
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▲ CJ올리브영이 지난해 5월 노들섬에서 개최한 ‘2025 올리브영 페스타’ 현장 이미지국내 최초의 뷰티 페스타로서 K뷰티 산업의 저변을 넓혀온 ‘올리브영 페스타’가 그 역할을 세계 무대로 확장한다.CJ올리브영(이하 올리브영)은 올해 페스타를 일본과 미국 글…
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▲ 3월 12일부터 벨기에 브뤼셀에서 열리는 방산전시회 'BEDEX 2026' 한화 부스 조감도한화에어로스페이스와 한화시스템은 벨기에 브뤼셀에서 열리는 방산전시회 ‘BEDEX 2026(Brussels European Defence Exhibition)’에 국내 최초로 참가한다고 3월 11일 밝혔다.3월&n…
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LS그룹이 지난해 전력 슈퍼사이클에 힘입어 2003년 그룹 출범 이후 매출과 영업이익 모두 역대 최대 실적을 달성했다. LS그룹은 주력 계열사인 LS전선, LS일렉트릭, LS MnM 등의 사업 호조로 2025년(12개사 합계, 내부회계 기준) 기준 매출 45조 7,223억 원, 영업…
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▲ 박정원 두산그룹 회장(가운데)이 미국 라스베이거스 ‘콘엑스포 2026’ 현장을 찾아 두산밥캣의 미니트랙로더에 직접 탑승해 스캇 박 두산밥캣 부회장(왼쪽)의 설명을 듣고 있다.박정원 두산그룹 회장이 두 달 만에 다시 미국 라스베이거스를 찾아 현장경영 행보를 …
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