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Economy/Finance
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) ¡¦
A scene from an opening ceremony for Shinhan Vietnam Finance Company, a local affiliate of Shinhan Card, on July 2 in Ho Chi Minh City, Vietnam, attended by a number of key figures from both Korea and Vietnam led by Chairman Cho Yong-byeong of Shinhan Financial Group, President Lim Young-jin of Shin¡¦
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Chairman Shin Yong-kil of the Korea Life Insurance Association. (KLIA) (Photo: KLIA)Korea Life Insurance Association (KLIA) selected over 13,100 life insurance planners around the country to help achieve a the company¡¯s objectives, which the association has been doing since 2008, the company said o¡¦
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Industry/Energy
President Hwang Ju-ho of Korea Hydro & Nuclear Power (KHNP) (Photos: KHNP)Korea Hydro & Nuclear Power (KHNP) held the ¡°Team Korea Project Promotion Strategy Meeting for the Czech New Nuclear Power Project¡± to implement the new nuclear power¡¦
(from left) Chmn. Koo Ja-kyun of LS ELECTRIC, President Kim Dong-cheol of Korea Electric Power Corp. (KEPCO) and President Koo Bon-gyu of LS Cable & System attend a ceremony to strike an MOU on building a data center superconductivity power gird ¡¦
Chairman Koo Ja-eun of LS Group. (Photos: LS Group)The ¡°One Big Beautiful Bill Act (OBBBA)¡± which went into force after it was signed by U.S. President Donald Trump, has made Korean companies stand on the guard due to curtailment and early terminat¡¦
Chairman Park Jung-won of Doosan Group. (Photo: Doosan Group)Doosan Enerbility said on July 23 that it had obtained a type certification from Underwriters Laboratories (UL), the global leader in product safety testing and certification, for its 10MW ¡¦


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