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Chairman Park Hyeon-joo of Mirae Financial Group. (Photo: Mirae Asset)Mirae Asset Daewoo is to focus on four major areas of its operation this year, such as globalization, investment banking, digitalization and retirement fund, with a target of being a top bank in the world by 2025. It aims to fully…
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President Yoon Yeol-hyun of Kyobo Life Insurance Co. (Photos: Kyobo Life)Kyobo Life Insurance Co. named advisor Yoon Yeol-hyun as its president on March 6, taking over some of the responsibilities from Shin Yong-gil, the life insurance firm announced on March 7.The personnel move is intended to ease…
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Chairman Choi Jong-gu of the Financial Services Commission(FSC).The Financial Services Commission with the support of the Ministry of Justice and the Ministry of Economy and Finance came up with the Financial Reform Plan centered in the Future Growth Potential and Venture Capital, and the FSC announ…
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Chairman Eun Sung-soo of the Export and Import Bank of Korea (Eximbank). (Photo: Eximbank)The Export and Import Bank of Korea (Korea Eximbank) is ready to provide 62 trillion won in investments, loans and 13 trillion won in credit guarantees this year to help the Korean firms clinch project orders o…
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President Moon Chang-yong of Korea Asset Management Corp(KAMCO)The Korea Asset Management Corporation (KAMCO) set up a special unit to take charge of reviewing the selection of the companies for the development of state-owned land managed by KAMCO. The special unit will also review the agreements si…
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President Wi Sung-bak of Korea Deposit Insurance Corp.(KDIC)The Korea Deposit Insurance Corporation (KDIC) is a deposit insurance corporation established in 1996 to protect depositors and maintain the stability of the financial system. The main functions of KDIC are insurance management, risk survei…
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Chairman Cho Yong-byoung of Shinhan Financial Group.Shinhan Financial Group said on March 24 it launched the Shinhan Reform Finance Promotion Committee to give financial support to SMEs, venture firms and reform-minded firms. The move is in step with the government’s Productive Financial Vision.Pre…
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Chairman Yoon Jong-kyoo of KB Financial Group.Chairman Yoon Jong-kyoo of KB Financial Group said the group will look for a life insurance firm this year for takeover to strengthen the group’s fundamentals. He made the comments at a general meeting of the shareholders on March 27. He was answering a…
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Chairman Kim Jung-tai of Hana Financial Group.(HFG)On Jan. 11, 2014, Hana Financial Group held a 'Start 2014' event. Attended by 12,000 executives and employees, the event served as an occasion to promulgate the Group's new vision, 'The Trusted Premiere Global Financial Group', and to make the pledg…
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Chairman Kim Gwang-soo of NH Financial Group.NH Financial Group plans to consider buying a stake investment in the Agri Bank, the largest bank in Vietnam, the group said on March 3, adding that it is part of the company’s drive to speed up its overseas operation centered around southeast Asia.The g…
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Chairman Kown Oh-gap of HD Hyundai Group. (Photos: HD Hyundai Group)HD Hyundai Heavy Industries has decided to bring HD Hyundai Mipo (HMD) into its corporate structure fold. HD Hyundai Heavy Industries said on Aug. 27 the shipbuilder will effectively…
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Acting KPX President Kim Hong-keun. (Photos: KPX)The nation’s power demand soared to 96 GW at 6 p.m. on Aug. 25, renewing the highest-ever peak power demand one this summer, Korea Power Exchange (KPX) said. A sultry spell, which started earlier…
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Dignitaries, including President Kwon Myung-ho of Korea East-West Power Co. (EWP), Gyeongsangbuk-do Vice gov. Yang Kum-hee and Acting Yeongju Mayor Yoo Jeong-geun, participate in a deal on joint cooperation and investment in a 1.2 trillion won projec…
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President Kim Dong-cheol of Korea Electric Power Corp. (Photos: KEPCO)Korea Electric Power Corp. (KEPCO) and MR (Maschinenfabrik Reinhausen) of Germany joined forces to explore new global markets by utilizing the former’s Substation Equipment Diagno…
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