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Chairman Cho Yong-byeong of Shinhan Financial Group. (Photo: SFG)
Shinhan Financial Group netted 2.917 trillion won in net profit last year, the second biggest since 2011 when the financial group logged 3.100 trillion won in net profit, the group said Feb. 7. The 2017 net profit, up 5.2 percent YoY…
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Chairman Yun Jong-kyu of KB Financial Group
KB Financial Group logged the best results in its history last year to take over the top position among rival financial groups in the country with its net profit coming to around 3 trillion won, the first financial group to do so in history, the group sai…
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Chairman Choi Jong-ku of Financial Services Commission(FSC)(Photo: FSC)
Starting Jan. 30, Korea will only allow authenticated bank accounts to be involved in virtual currency trading
Those with virtual currency accounts created by banks after their real name has been verified will be allowed…
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Chairman Kim Yong-hwan of NH Financial Group joins other officials and the Cambodian officials led by Minister of Posts and Telecommunication, Tram Iv Tek, on Feb. 8 in Seoul for talks on the financial group’s move to take over a microcredit firm in Cambodia.(Photo: NH Financial)
NH Fi…
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KEB Hana Bank President Ham Young-joo and POCOG President Lee Hee-beom hold a copy of a deal on the official bank partner of the PyeongChang Winter Olympic Games after they signed it at the bank’s headquarters in Myeongdong, downtown Seoul, last April 18.(Photo: KEB Hana Bank)
KEB Hana Bank going …
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Woori Bank President Sohn Tae-seung.(Photos: Woori Bank)
Fitch Ratings has affirmed South Korea-based Woori Bank's Long-Term Issuer-Default Rating (IDR) at 'A-'. The Outlook is Stable. Fitch has also affirmed Woori Bank's Viability Rating at 'bbb+'. A full list of rating actions is at the end of th…
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New Chmn. Kwon Yong-won of Korea Financial Investment Association(KOFIA).
Chairman Kwon Yong-won said he will be a leader in financial sector deregulation while running the Korea Financial Investment Association (Kofia) over the next three years.
He met reporters for the first time since getting e…
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Senior Vice Chairman Choi Hyun-man of Mirae Asset Daewoo Securities Co.
Senior Vice Chairman Choi Hyun-man of Mirae Asset Daewoo said some seniors use a principal bank from the age of the “development economy.” Now is the time to have a principal securities firm, he said, to keep up with changes …
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President Wi Sung-ho of Shinhan Bank introduces the contents of Shinhan Sol, the digitalization project that integrated six apps into a platform at the Renewal Digital Conference held on Feb. 2 at Dongdaemun Digital Plaza near East Gate in Seoul.(Photo: Shinhan Bank)
President Wi Sung-ho of Shinhan…
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President Kim Do-jin of Industrial Bank of Korea addresses the branch and other outlet leaders of IBK held on Jan. 16 at Chungju Training Institute in Chungju, North Chungcheong Province.(Photos: IBK)
The Industrial Bank of Korea (IBK) has been eyeing takeovers of two Indonesian banks under a plan …
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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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