President Yoon Yeol-hyun of Kyobo Life Insurance Co., center, cuts the tape at the opening ceremony of the Open Innovation Inno Stage Co-Working Space, a healthcare center, at Kyobo Life’s head office in Gwanghwamun, downtown Seoul, on Oct. 1, along with heads of startups, the partners to run the f…

Chairman Park Hyeon-joo of Mirae Asset Group.Mirae Asset Global Investments said Oct. 2 it has acquired 15 premium hotels in the United States in a package deal reportedly worth more than $5.8 billion, the largest alternative investment deal ever for a South Korean financial firm.The company said th…

President Chung Il-moon of Korea Investment and Securities Co.Korea Investment and Securities Co. (KIS) has always been known as a company that has the most sound profit base in the industry, as its first half results this year show up an astounding 42 percent YoY increase at 408 billion won. That’…

President Lee Dong-bin of Suhyup Bank.Suhyup Bank is setting up its first local bank overseas, in Myanmar, to exclusively provide small loans, which is the part of the bank’s strategy to explore alternative international financial markets, diversifying from the crowded domestic financial market.The…

President Wi Seong-baek of Korea Deposit Insurance Corp.(KDIC), left, swears with others before the Political Affairs Committee of the National Assembly as the parliamentary audit begins. (Photo: National Assembly of the Republic of Korea)President Wi Seong-baek of KDIC said it was a great honor to …

Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group's Chairman Sohn Tae-seung is making all out efforts to raise prices of the group's shares. He is trying to show his confidence on the future performance of the financial group through multiple stock repurchases while…

A view of the building in Seoul where Eximbank has offices. (Photo: Eximbank)The Export and Import Bank of Korea will be able to provide loans to domestic firms undertaking economic projects in so called “dangerous countries” thru a special account set up in May this year. The account holds 3.7 tr…

Chairman Cho Yong-byeong of Shinhan Financial Group. (Photos: SFG)Shinhan Financial Group announced the launch of its InnoTalk platform designed to support reform business firms with information needed for setting up startups and their continued growth.The group said the new platform would help crea…

Chairman Sohn Tae-seung of Woori Financial Group.Woori Bank, a major South Korean commercial lender, sold a 4 percent stake in its parent Woori Financial Group Inc. to a strategic investor. The bank acquired a 5.8 percent stake in Woori Financial earlier this month in exchange for handing over its s…