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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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Chairman Shin Chang-jae of Kyobo Life Insurance Co. (Photos: Kyobo Life)Kyobo Life Insurance marked its 61st anniversary Aug. 7. and celebrated it with the publication of a book on its 60-year history.Founder Shin Yong-ho started the insurance firm with total assets of only 22 million won ($19,547) …
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A scene from an opening ceremony for Shinhan Vietnam Finance Company, a local affiliate of Shinhan Card, on July 2 in Ho Chi Minh City, Vietnam, attended by a number of key figures from both Korea and Vietnam led by Chairman Cho Yong-byeong of Shinhan Financial Group, President Lim Young-jin of Shin…
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지난 4월 실리콘밸리 ‘PLUG and PLAY’ 본사에서 악수를 나누고 있는 KB금융그룹 윤종규 회장(왼쪽)과 ‘PLUG and PLAY’ Saeed Amidi 대표(오른쪽)KB금융그룹(회장 윤종규)이 7월 31일 글로벌 엑셀러레이터인 ‘PLUG and PLAY’와 국내 금융권 최초로 스타트업의 글로벌 진출 지원 관련 전략적 제휴 협약을 체결하…
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Chairman Shin Yong-kil of the Korea Life Insurance Association. (KLIA) (Photo: KLIA)Korea Life Insurance Association (KLIA) selected over 13,100 life insurance planners around the country to help achieve a the company’s objectives, which the association has been doing since 2008, the company said o…
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Kim Nak-jin, Head of Product Planning/Strategy in Mobility & IT Battery Division at LG Energy Solution (left) and Will Graylin, Chairman and CEO of indiGOtech pose after signing an MOU on Oct. 1. (Photo: LG Energy Solution)LG Energy Solution chal…
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LG Chem Senior Vice President Kim Sang-min (L) poses with Stefan Gramse, executive vice president and head of the Exterior Materials Procurement Group at Volkswagen Group, after signing an MOU on the joint development of future mobility materials at …
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Hyundai Motor Group Executive Chair Chung Eui-sun delivers a welcoming speech at a ceremony to dedicate a new smart manufacturing facility in Talegaon, Pune, Maharashtra, India, on Oct. 14. (Photo: Hyundai Motor)Hyundai Motor Group on Oct. 13 announc…
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Samsung Electronics Chairman Lee Jae-yong. (Photo: Samsung Electronics)Samsung Electronics has became the world’s first company to top 100 trillion won in a quarterly operating profit among global tech companies, opened an era for the Korean powerho…
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