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Samsung Life Insurance Co. posted a first half net profit of 1.445,9 trillion won, up 52.7 percent year-on-year, due mainly to the sale of its stake in Samsung Electronics amounting to 751.5 billion won, the company said on Aug. 10.The company’s combined financial statement for H1 showed that its f…
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Gov. Yoon Suk-heun of the Financial Supervisory Service(FSS). (Photo: FSS)Gov. Yoon Suk-heun of the Financial Supervisory Service (FSS) cautioned that financial firms should never turn over risks to customers while commenting on Samsung Life Insurance Co. and others paying minimum amounts of the ret…
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Korea Investment & Securities Co. (KIS) emerged as the top company in the area of return on equity in the securities industry in the first half. KIS recorded a ratio of 13.2 percent on operating profit of 378.2 billion won and net profit of 287.3 billion won, doing its job fully both at home and…
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An for the retirement fund assets amounting to 11 trillion won managed by Mirae Asset Daewoo Securities Co., which is the largest among held by securities firms. (Photo: Mirae Asset Daewoo)Mirae Asset Daewoo Securities has become the top company in the securities industry in terms of retirement asse…
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President Wi Sung-ho of Shinhan Bank.Shinhan Bank introduced another app on its SOL mobile app recently to help customers get the latest information on the real estate market. Shinhan SOL LAND is an app customers can log into for information on real estate as it provides upgraded information on its …
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Chairman Kim Kwang-soo of NH Financial Group.Chairman Kim Kwang-soo of NH Financial Group declared that the company will explore the Asian financial market by combining a strategy with finance and distribution. The announcement was made at the financial group’s global strategy meeting on July 24 pr…
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Chairman Yoon Dae-hee of Korea Credit Guarantee Fund (Kodit)A scene from the 2nd meeting of the regional headquaters managers of the Korea Credit Guarantee Fund(Kodit) on June 2 at Kodit head office in Daegu. (Photos: Kodit)Korea Credit Guarantee Fund (Kodit) will issue 4.9 trillion won worth of cre…
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Chairman Cho Young-byeong of Shinhan Financial Group.Shinhan Financial Group is about to take over ING Life Insurance Co., securing a 59.15 percent stake in the 6th largest life insurance firm for 2.4 trillion won, according to sources.The sources said the financial group agreed with MBK Partners to…
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Chairman Yoon Jong-kyoo of KB Financial Group. (Photo:KBFG)KB Financial Group Inc. reported earnings results for the second quarter and first half of 2018. For the quarter, the company’s net profit was KRW 946.8 billion. This is a slight decline quarter on quarter due to the one-off gain from the s…
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7월 20일 오전 광화문 교보생명빌딩 23층 컨벤션홀. 뜨거운 열정으로 똘똘 뭉친 청년리더들이 한자리에 모여 ‘2018 대학생 아시아 대장정’ 발대식을 가졌다.‘대학생 아시아 대장정’은 미래의 주인공인 대학생들이 리더십을 갖춘 글로벌 인재로 성장할 수 있도록 돕기 위해 마련된 청년리더 육성 프로그램이다.교보생명…
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LG Chem CEO and Vice Chmn. Shin Hak-cheol and Sinopec Chmn. Hou Qijun applaud as both sides signed a deal to jointly develop core materials of the sodium-ion battery at LG Twin Tower in Yeouido, Seoul, Oct. 30. (Photo: LG Chem)LG Chem is joining forc…
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Vice Chairman & CEO Kim Jung-soo of Samyang Foods. (Photos: Samyang Foods)Samyang Foods, once a Korean ramen pioneer and legend, is making a splash in the global ramen market with Buldak Ramen, a spicy ramen brand. Buldak Ramen has establish…
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Dignitaries, including Chmn. Shin Dong-bin of Lotte Group and Indonesian President Prabowo Subianto, applaud as they participated in a ceremony to dedicate a petrochemical plant, dubbed “Lotte Chemical New Ethylene (LINE),” in Cilegon on the island…
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Chairman & CEO Choi Jin-shik of the Federation of Middle Market Enterprises of Korea (FOMEK), Minister for Trade Yeo Han-koo and Malaysian Amb. to Korea Dato' Mohd Zamruni bin Khalid pose with other attendees at speaking at “2025 MME Internation…
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