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President Yoon Dae-hee of Korea Credit Guarantee Fund (Kodit). (Photos: Kodit)Korea Credit Guarantee Fund (Kodit) is set to provide 46.750 trillion won in credit guarantees this year, up 1.75 trillion won more than what it provided in the preceding year. As of Aug. 31, Kodit is ready to issue 46.589…
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President Choi Hee-nam of Korea Investment Corporation shakes hands with Australian Minister for Trade, Tourism and Investment Simon Birmingham at KIC headquarters on Aug. 5. (Photos: KIC)Korea’s sovereign wealth fund, Korea Investment Corporation (KIC), indicated it could invest in Saudi Arabia’s…
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Chairman Cho Yong-byeong of Shihan Financial Group. (Photo: SFG)Shinhan Financial Group Co., a major South Korean banking group, said Oct. 25 its net profit rose 15.8 percent in the third quarter from a year earlier, boosted by rising income from non-banking businesses.Third-quarter net profit stood…
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Chairman Yoon Jong-kyoo of KB Financial Group. (Photo: KBFG)KB Financial Group posted 940.3 billion won in 3rd quarter profit, beating estimates by about 2 percent as a result of management’s policy to focus on profitable operations and asset management, the financial group said on Oct. 24.The fina…
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Chairman Kim Jung-tai of Hana Financial Group. (Photos: HFG)Hana and Financial Group earned 2,040.4 billion won in cumulative net profit for the first three quarters of this year on a consolidated basis. The figure represented a rise of 148.3 billion won, or a 7.8 percent increase, over the same per…
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Chairman Kim Gwang-soo of NH Financial Group. (Photo: NHFG)NH Financial Group announced recently that its net profit for the first three quarters this year amounted to 1.393,7 trillion won, up 29.4 percent from the year earlier.The financial group attributed the outstanding accumulated net profit im…
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Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group said on Oct. 29 that its net profit for the first three quarters of 2019 came to 1.665,7 trillion won, the largest in its history, excluding one-time profits, up 12.5 percent year-on-year. The group said credit for t…
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Chairman Park Hyeon-joo of Mirae Asset Group. (Photo: Mirae Asset)Mirae Asset Daewoo has been cruising with its new window, the One Asia Equity. Its Hong Kong subsidiary handled the business firm’s move to join the Nasdaq market as co-manager, and also successfully managed to have the company trade…
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President Jung Il-moon of Korea Investment and Securities Co. (Photo: KIS)Korea Investment & Securities is quickly becoming Asia’s leading investment bank, as it increases its presence in major global markets while securing a stable profit model.The Korean securities firm has been pursuing a tw…
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President Won Gee-chan of Samsung Card.Samsung Card Co. on Friday reported its third-quarter net income of 90.8 billion won (US$ 78.4 million), up 12.5 percent from a year earlier.The company said in a regulatory filing that it posted 120.1 billion won in operating profit for the quarter, compared w…
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CEO Hur Sae-hong of GS Caltex talks with GS Caltex staff members at GS Tower in Gangnam-gu, Seoul. (Photo: GS Caltex)GS Holdings said in an electronic notice released on May 13 that the holding company of GS Group posted 6,842.4 billion won in revenu…
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CEO Anwar A. Al-Hejazi of S-OIL. (Photos: S-OIL)S-OIL chalked up more than 1.2 trillion won in operating profit on the back of inventory profit, caused by crude oil price hikes for the first quarter of this year, in results that surprised analysts.Pr…
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Chairman Chang Sae-joo of Dongkuk Steel Group. (Photos: Dongkuk Steel Group)Dongkuk Steel announced on April 24 that it posted sales of 857.2 billion won, an operating profit of 21.4 billion won, and a net profit of 6.2 billion won in the first quart…
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Chairman Park Gee-won of Doosan Enerbility. (Photos: Doosan Enerbility)Doosan Enerbility said on April 23 that major Doosan Enerbility executives, including Chmn. Park Gee-won, embarked on efforts to promote cooperation to participate in a new power …
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