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State-run financial organization renews its mission to help SMEs to be at the center of resurgence of Korean economy, leading financial reform and realizing social valuesPresident Yoon Dae-hee of Korea Credit Guarantee Fund (Kodit). (Photos: Kodit)Korea Credit Guarantee Fund (Kodit) celebrated its 4…
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Chairman Kim Jung-tai of Hana Financial Group. (Photo: HFG)Hana Financial Group is well on its way to providing 20 trillion won in support to startups and venture firms in investments and loans in the next three years to help them to develop the needed new technologies to give them a competitive adv…
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Chairman Kim Gwang-soo looks back at the initial year of his achievements at a media briefing session on May 8. (Photo: NHFG)Chairman Kim Gwang-soo of NH Financial Group said he will lead the group to find an international partner to come up with a new joint venture model before the year is out. He …
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President Jin Ok-dong of Shinhan Bank.Shinhan Financial Group (Shinhan Bank), South Korea’s oldest bank, has unveiled a blockchain-based platform to hasten loan processes, Shinhan Bank said on May 27.The new system will utilize blockchain technology to verify loan applications and documents without…
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President Kim Do-jin of the Industrial Bank of Korea. (IBK) (Photos:IBK)The Industrial Bank of Korea (IBK) emerged as a “Big Hand” in the entertainment industry following key investments in a number of films and musicals that turned out huge profits.Financial sources said on Feb. 17 that the bank …
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President Jeong Young-chae of NH Investment & Securities Co.NH Investment & Securities Co. (NHIS) has been selling the Fidelity Global Dividend Income Fund, which has been investing in a number of selected business firms around the world based on their dividend payment and large growth poten…
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President Lee Dong-cheol of KB Kookmin Card.KB Kookmin Card will no longer automatically issue paper receipts for transactions less than 50,000 won from July 1, as the credit card firm decided to introduce selective issuance system so cardholders can decide whether or not to get receipts for transac…
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Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group is on the verge of launching a new CIB operation by integrating the investment banking units of its affiliates - Woori Bank and Woori Investment Bank - which will be the first such move of its rebirth as a financial …
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Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Chairman Sohn Tae-seung of Woori Financial Group and CEO of Woori Bank said he will go after M&As like never before to expand the group’s business scale in key financial areas such as insurance and securities. “Our M&As just beg…
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Chairman Jung Ji-won of the Korea Exchange. (KRX) (Photo:KRX) The stock market trading slowed somewhat even though the new tax on stock trading was put into force on May 30. Transactions amounted to 1.099,1 billion, a fall from the 1.383,9 billion trade transactions averaged daily in May.The daily t…
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Secretary General To Lam of the Vietnamese Communist Party, escorted by BPA President Song Sang-geun, looks around the seventh wharf of Busan New Port, the nation’s first fully automated terminal, on Aug. 13. (Photo: BPA)Busan and Vietnam are streng…
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Jeollanam-do Gov. Kim Young-rok and other participants pose for a group photo while attending a policy session on Yeosu and Gwangyang ports, hub ports for Artic routes at the provincial government building on July 11. (Photo: Jeollanam-do)Yeosu Gwang…
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President Lee Jae-myung and First Lady Kim Hae-kyung attend a ceremony to receive a letter of “light appointment” from 80 national representatives, at the Gwanghwamun Plaza in Sejong the Great Boulevard in Seoul on Aug. 15, symbolizing popular sove…
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Incheon Mayor Yoo Jeong-bok announces Incheon’s AI innovation vision at the AI vision announcement and contract signing ceremony at Incheon Startup Park in Yeonsu-gu, Incheon, on Aug. 4. (Photo: Incheon City)The Incheon City government said the muni…
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