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President Sohn Tae-seung of Woori Bank. (Photo: Woori Bank)Woori Bank is on track to accomplish the seven management tasks laid out by Chairman Sohn Tae-seung when he took over the helm of the bank last December.The tasks included securing a foundation for stable profit, expansion of the global netw…
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Chairman Lee Dong-gull of Korea Development Bank. (Photo:KDB)Chairman Lee Dong-gull said Korea Development Bank(KDB) and all other state-run banks, commercial banks, foreign banks and financial organizations should participate in the inter-Korean economic projects to ease the risks. He made the stat…
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President Kim Do-jin of the Industrial Bank of Korea(IBK). (Photo: IBK)The Industrial Bank of Korea (IBK) logged the largest first half net profit since 2011 at 937.2 billion won, up 17.2 percent year-on-year, the bank announced on July 26. The net profit in the first half of 2011 amounted to 993.1 …
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Chairman Eun Song-soo of the Import and Export Bank of Korea(Korea Eximbank),left, beams after signing an EDCF loan agreement with Chairman Tarek Gamal El-Din Galal of the Egyptian Authority for Tunnels on Aug. 28 at Korea Eximbank’s Seoul head office in Seoul. (Photo: Korea Eximbank)Chairman Eun S…
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President Moon Chang-yong of Korea Asset Management Corp.(KAMCO).Korea Asset Management Corp. (KAMCO) held a meeting with a group of 11 Vietnamese officials including Chief Pham Thanh Tam of the Financial Market of the Finance Ministry of Vietnam on the 47th floor of the Busan International Financia…
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Chairman & President-designate Wi Sung-baek of the Korea Deposit Insurance Corp. Korea Deposit Insurance Corp. (KDIC) has been steadily maintaining its unclaimed deposits service to help customers claim their unclaimed money when their financial companies went bankrupt. The state-owned deposit i…
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A Key executives, led by President Chung Ji-won, of the Korea Exchange, applaud at a ceremony on May 23 to launch the new market watch system, EXIGHT, designed to seek out and prevent unfair trade practices at the Korea Exchange.KRX launched EXIGHT, an AI-based next-generation stock market watch sys…
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The participants in the Korea-China Financial Forum held at Shangri-la Hotel in Qingdao City in China on Aug. 30 including President Park Young-ho of the Busan International Financial Center, Deputy Mayor Liu Janagun of Qingdao City and President Li Yang of NIFD and others from the two countries org…
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Chairman Kwon Yong-won of the Korea Financial Investment Association(KOFIA)Chairman Kwon Yong-won of the Korea Financial Investment Association (KOFIA) said the default option system should be included in the funding-type retirement pension system when the National Assembly goes over the system befo…
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Chairman Shin Yong-kil of Korea Life Insurance Association. (Photo: KLIA)South Korea’s life insurance companies’ net income grew 6.78% year-on-year in the first six months of 2018 as sales of securities boosted investment income, which helped offset a decline in premiums from savings-type products…
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Chairman Kim Ki-moon of Korea Federation of Small and Medium Business (KBIZ) poses with President & CEO Mohammad Ali Rashed Lootah of Dubai Chambers after they discussed ways of promoting exchanges and cooperation at Dubai Chambers on Feb. 7. (Ph…
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Amorepacific Group logged 4,259.9 billion won in sales and 249.3 billion won in operating profit last year. The figures represent a 5.9 percent year-on-year rise and a 64 percent year-on-year jump compared to 2023. The high growth rate of t…
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A view of the redesigned Genesis GV60 whose sale was launched in Korea on March 6. (Photo: Hyundai Motor)Sales of the redesigned Genesis GV60 in Korea started on March 6, showcasing more power and state-of-the-art luxury features.It’s the first time…
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A view of “Bibigo Yugjeubgadeug Mandu,” stuffed with chunks of meat and vegetables, and products of the instant rice brand “Hetbahn Sotbahn,” released by CJ Cheiljedang. (Photos: CJ Cheiljedang)CJ Cheiljedang released “Bibigo Yugjeubgadeug Mandu…
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