Chairman Choi Jong-ku of the Export and Import Bank of Korea(Eximbank), right, shakes hands with Minister Ian Acosta Montalvan of the Finance Ministry of Nicaragua after signing an agreement to provide $70.59 million, an EDCF loan, to finance the Manama Circulatory Road Construction Project in Nicar…

President Moon Chang-yong of Korea Asset Management Corp.(KAMCO). Korea Asset Management Corp. (KAMCO) bought the assets of “C” Company, a maker of shipbuilding materials, for 19.3 billion won and leased them back to the company to help keep it operating. The move will help it pay off its financi…

President Gwak Bum-gook of Korea Deposit Insurance Corp. Korea Deposit Insurance Corp. (KDIC) paid 504 million won to compensate an informer to locate hidden assets of a savings bank, which is the largest ever amount paid by the company since its establishment some 20 years ago. The KDIC has been …

Chairman Cho Yong-byoung of Shinhan Financial Group delivers his speech at a meeting. When Cho Yong-byoung took over as chairman of Shinhan Financial Group recently, he laid out his “2020 vision” to lead the financial group to be No. 1 in Asia within three years. Shinhan is not the only financia…

Chairman Yoon Jong-kyoo of the KB Financial Group. (Photos:KFG) KB Financial Group will take up the Code 2017 Project as its strategic task for this year, Chairman Yoon Jong-kyoo declared in his New Year’s speech. The project is designed to push the digitalization of operations of the group and it…

Chairman Kim Jung-tai of Hana Financial Group said in his New Year's speech the key word that is most often repeated inside the group has been “digital,” not “deposits,” “interest rates” or “services,” demonstrating that the age has arrived for financial business firms to compete with non-…

NH Financial Group launched the All One Bank, a mobile banking service, on Aug. 8 last year led by Chairman Kim Yong-hwan, 4th left, in a ceremony held at its head office in Seoul.(Photo: NH Financial Group) NH Financial Group has decided to push the digital finance as its growth engine for this ye…

President Lee Kwang-koo of Woori Bank.(Photo: Woori Bank) Woori Bank was the first financial institution in the country to introduce a mobile banking service that allowed users to apply for and receive loans completely through an app. The loans offered through Woori’s WiBee Bank app had so mid-ran…

Chairman Kim Do-jin of Industrial ‘Bank of Korea(IBK) speaks during a meeting of all branch managers and affiliates of IBK totaling around 1,000 gathered on Feb. 10 at the bank’s head office in downtown Seoul(Photos: IBK) In a speech at the 2017 Branch Managers Meeting on Feb. 10, Chairman Kim Do…