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Chairman Yoon Dae-hee of Korea Credit Guarantee Fund(Kodit), 2nd R, listens to CEO Chung Ji-sung of SOS Rap, one of the SMEs selected to become the Reform Icons under the Reform Icon Support Program launched by Kodit in July, as he explains what the company has been doing to become one of the Reform…
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CEO Lee Dae-hyun of Korea Investment, a new affiliate of Korea Development Bank, explains KDB plan to sell Daewoo E&C under KDB management at the KDB IR Center in Seoul on July 17. (Photo: KDB)Korea Development Bank (KDB) announced on April 25 that it would set up KDB Investment as its subsidiar…
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Chairman Cho Yong-byeong of Shinhan Financial Group, 4th L, joins the new members of the group’s Real Estate Strategic Committee which was reorganized and recently launched in a ceremony held on Aug. 7 to include a real estate business consultative committee and a real estate financial council with…
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Chairman Sohn Tae-seung of Woori Financial Group announces the 40-40-40 Vision of the group’s management strategy at a meeting of the group’s CEOs held at Grand Hilton Convention Center in Seoul on July 19. (Photo: WFG)“We will boost the non-interest and overseas earnings to reach 40 percent of t…
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Chairman Yoon Jong-kyoo of KB Financial Group shakes hands with CEO Saeed Amidi of Plug and Play after signing an agreement to groom promising startups across the globe and collaborating on supporting early-stage business ventures in Korea on July 31 at the financial group’s office in Yeouido, Seou…
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President Ji Sung-kyu of KEB Hana Bank.KEB Hana Bank took a 15 percent stake in BIDV, the state-owned and largest commercial bank in Vietnam, for over 1 trillion won, showing its bona-fide strategy to boost its overseas operation.The bank announced on July 22 its move to acquire the stake in the lar…
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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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Hyundai Motor Group Executive Chair Chung Eui-sun, POSCO Group Chmn. Jang In-hwa, Louisiana Governor Jeff Landry, Rep. Troy Carter, MOTIR Minister Kim Jung-kwan, U.S. Under Secretary of Commerce for International Trade William Kimmitt, and Hyundai St…
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“XTeer,” an engine oil exclusively for hydrogen internal combustion engines, developed and supplied by HD Hyundai Oilbank. (Photo: HD Hyundai Oilbank)HD Hyundai Oilbank launched a drive to capture the hydrogen mobility lubricant market by developin…
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Senior Executive Vice President Won Kwang-sik of HD Hyundai Heavy Industries (left) receives a plaque of appreciation from Pietro Barabaschi, Director-General of the ITER Organization (right), at the 'KOREA-ITER Fusion Day' event held in Cadarache, s…
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President Kim Hoe-chun of Korea Hydro & Nuclear Power (KHNP) and Claude Imauven, Chairman of the Board of Directors, exchange a letter of intent on long-term cooperation in the uranium enrichment sector the two companies struck as President Lee J…
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