Cho Yong-byung, chairman of the Shinhan Financial Group. (Photo: Shinhan Financial Group) Shinhan Financial Group recorded the highest-ever net profit since its establishment, with 3,403.5 billion won in net profit in 2019. This was an increase of 7.8 percent compared to the previous year. The group…

Chairman Yoon Jong-kyoo of KB Financial Group. (Photo: KB Financial Group)KB Financial Group remained in the “3 trillion won club” for net income for three consecutive years in 2019. The group announced on Feb. 6 that it posted 3,311.8 billion won in net income last year, including 534.7 billion w…

Chairman Kim Jung-tai of Hana Financial Group (Photo: Hana Financial Group)The Hana Financial Group announced on Feb. 4 that it posted 2,408.4 billion won in annual net profit last year, up 7.35 percent year on year based on consolidated financial statements. During the same period, its sales and op…

Chairman Sohn Tae-seung of Woori Financial Group speaks at the financial group’s management strategy meeting at Woori Financial Group headquarters in Sogong-dong, Seoul, on Jan. 12. (Photo: Woori Financial Group)Woori Financial Group, which marked the first anniversary of the establishment of a hol…

New President Kwon Kwang-suk of Woori Bank.President Kwon Kwang-suk of Community Credit Cooperatives has been tapped as the new president of Woori Bank. Woori Bank’s selecting Kwon, who is in his 50s and is outside the bank, may be construed as the bank’s intention to begin generational change in …

Chairman Kim Gwang-soo of NH Financial Group. (Photo: NH Financial Group)NH Nonghyup Financial Group posted a record 1,779.6 billion won in net income in 2019. Its net income was the highest since the company was founded in 2012. It is also an improvement of 46 percent from 2018’s 1,218.9 billion w…

President Lee Dae-hoon of NH Nonghyup Bank encourages employees after checking main systems at the NH Integrated IT Center in Euiwang, Gyeonggi Province on Jan. 22.Lee Dae-hoon, head of NH Nonghyup Bank, started his third term this year. It marked the first time that a president of NH Nonghyup Bank …

President Yoon Jong-won of the Industrial Bank of Korea gives his inauguration speech as he took office as IBK’s 26th present on Jan. 29. (Photos: IBK)“I will create an innovation-powered organization to enhance competitiveness through innovative finance and fair play-based management,” said Yoon…

Chairman Park Hyun-joo of Mirae Asset Daewoo. (Photo: Mirae Asset Daewoo)Mirae Asset Daewoo posted record-high earnings of more than 600 billion won in 2019 thanks to an increase in profits from its overseas business and investment bank (IB) business.Mirae Asset Daewoo announced in January that it p…