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Chairman Sohn Tae-seung of Woori Financial Group.Woori Bank, a major Korean commercial lender, sold a 1.8 percent stake in its parent Woori Financial Group Inc. to a strategic investor. The bank had acquired a 5.8 percent stake in Woori Financial earlier this month in exchange for handing over its s¡¦
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Pres. Lee Dae-hoon of NH Bank.Pres. Choi Chang-soo of NH Non-Life Insurance Co. CEO Hong Jae-eun of NH LIfe Insurance Co.Pres. Lee Ku-chan of NH Capital Co. (Photos: NHFG)NongHyup Bank CEO Lee Dae-hoon became the first chief executive of the lender to serve three consecutive terms. Up to now, the he¡¦
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President Lee Dong-cheol of KB Card, 3rd L, joins key officials of PT Finansia Multi Finance after signing an agreement to take over a 80-percent stake in the Indonesian consumer finance company for $81.3 mln on Nov. 24. (Photos: KB Card)KB Kookmin Card will acquire a controlling stake in an Indones¡¦
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Chairman Park Hyeon-joo of Mirae Asset Daewoo Group. (Photos: Mirae Asset Daewoo)Mirae Asset Daewoo said its sales through the third quarter amounted to 3.989,7 trillion won and net profit reached 137.7 billion won, up a whopping 81 percent YoY.Analysts say the results point to rising global investm¡¦
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President Jung Il-moon of Korea Investment and Securities Co. (Photos: KIS)Korea Investment & Securities Co. (KIS) and Samsung SRA Asset Management Co. teamed up to buy an office tower in Manhattan from JPMorgan¡¯s asset management arm for about 600 billion won ($502 million). It is one of the b¡¦
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A view of Twin City Tower in Bratislava, Slovakia, the first real estate asset to be taken over by Korean firms, the consortium of NHIS and Mirae Asset Daewoo in East Europe. (Photo: NHIS)NH Investment & Securities Co. and Mirae Asset Daewoo Co. participated in a 120 million euro ($134 million) ¡¦
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Chairman Kim Jung-tai of Hana Financial Group, 1st R, joins a group of housewives in a neighborhood near the group¡¯s head office in downtown Seoul, to help make a winter kimchi salad in what is locally called the Kimjang. The housewives take turns to join together to help the Kimjang of a family in¡¦
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Chairman Kim Gwang-soo of NH Financial Group. (Photo: NHFG)NH Financial Group said on Nov. 11 that its 3rd quarter net profit amounted to 1.393,7 trillion won, up 29.4 percent YoY. The firm attributed the excellent results to the recovery of the banking sector¡¯s securities dealings, reductions in l¡¦
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An ad for ¡°Sol Global,¡± Shinhan Bank¡¯s special financial service to foreign customers in Korea. (Photo: Shinhan Bank)Shinhan Bank said on Nov. 20 that it will launch "SOL Global" to provide optimized mobile services to foreign customers living in South Korea.Since CEO Jin Ok-dong took office, Shi¡¦
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Chairman Kown Oh-gap of HD Hyundai Group. (Photos: HD Hyundai Group)HD Hyundai Heavy Industries has decided to bring HD Hyundai Mipo (HMD) into its corporate structure fold. HD Hyundai Heavy Industries said on Aug. 27 the shipbuilder will effectively¡¦
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Acting KPX President Kim Hong-keun. (Photos: KPX)The nation¡¯s power demand soared to 96 GW at 6 p.m. on Aug. 25, renewing the highest-ever peak power demand one this summer, Korea Power Exchange (KPX) said. A sultry spell, which started earlier¡¦
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Dignitaries, including President Kwon Myung-ho of Korea East-West Power Co. (EWP), Gyeongsangbuk-do Vice gov. Yang Kum-hee and Acting Yeongju Mayor Yoo Jeong-geun, participate in a deal on joint cooperation and investment in a 1.2 trillion won projec¡¦
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President Kim Dong-cheol of Korea Electric Power Corp. (Photos: KEPCO)Korea Electric Power Corp. (KEPCO) and MR (Maschinenfabrik Reinhausen) of Germany joined forces to explore new global markets by utilizing the former¡¯s Substation Equipment Diagno¡¦
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