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An ad for Korea Exchange Gold Spot Market. (Photo: KRX)Gold futures, which have been traded on the Korea Exchange since March 2014, recently hit an all-time high, while transaction volume continues to grow.The recent global gold frenzy may have started in Korea. The spark was Bank of Korea Gov. Lee …
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Financial Services Commission Chairman Choi Jong-ku and commercial bank presidents hold an agreement on jeonse and monthly rent loans tailored to meet youth’s need after signing it at the Korea Federation of Banks building in downtown Seoul on May 22. (Photo: FSC)Korea Housing-Finance Corp. (HF) is…
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Chairman Moon Chang-yong of Korea Asset Management Corp.(KAMCO). (Photo: KAMCO)Korea Asset Management Corporation (KAMCO) will look at revising the KAMCO Act so it can actively assist troubled but viable small- and medium-sized enterprises (SMEs). It plans to do that by normalizing their business th…
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Chairman Yoon Jong-kyoo of KB Financial GroupKB Financial Group reported its best-ever quarterly net income for the April-June period, largely supported by recovery of bad debts.The holding company, in a regulatory filing on July 18, said its net profit in the second quarter jumped 17.2 percent on q…
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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 …
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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…
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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…
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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…
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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 …
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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…
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Samsung Electronics Chmn. Lee Jae-yong and Mistral AI CEO Arthur Mensch struck an investment agreement at the Elysee Palace in Paris on Aug. 8. (from left) Samsung Electronics Executive Vice President Lee Jong-myung, Samsung Electronics Chmn. Lee Jae…
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Lotte Group Chmn. Shin Dong-bin, KAIST President Bae Choong-sik and other attendants cut the ribbons at a ceremony to dedicate the“Lotte X KAIST R&D Center” at KAIST head office in Daejeon on Sept. 11. (Photo: Lotte Group)KAIST held a ceremony …
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Chairman Lee Jay-hyun of CJ Group. (Photos: CJ Group)CJ ENM announced on Sept. 7 that two branded FAST channels, “CJ ENM K-Stories” and “CJ ENM K-Pop,” launched on Prime Video in the U.S. Both are available for free on Prime Video, with programmi…
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Chairman Seo Kyung-bae delivers a commemorative address online to mark the 81st anniversary of Amorepacific Group on Sept. 4. (Photo: Amorepacific Group)Marking its 81st anniversary, Amorepacific Group will accelerate its push into the global market,…
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