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Economy/Finance
Chairman Han Dong-woo of Shinhan Financial Group. Shinhan Financial Group's net profit surpassed 2 trillion won for the second year in a row, the company said recently. The group posted 2.37 trillion won ($1.91 billion) in net profit last year, up 14 percent from 2.08 trillion won the year before. …
Chairman Yoon Jong-kyoo of KB Financial Group. KB Financial Group’s saw its share price outstrip its rival Shinhan Financial Group in January for the first time in four years. KB Financial’s shares jumped 2.66 percent as of the close on Jan. 25 to 46,300 won per share, an astounding rise of 56.2 …
Chairman Kim Jung-tae of Hana Financial Group. Hana Financial Group posted 1.345 trillion won in net profit in 2016, up nearly 50 percent year-on-year, the group said on Jan. 24. It’s the largest net profit since Hana Bank merged with Korea Exchange Bank in 2012. Officials of the group attributed…
Chairman Kim Yong-hwan of NH Financial Group shakes hands with a staff as he visits the NH  Investment and Securities Co. head office with President Kim Won-kyu of the securities affiliate of the group behind him.(Photo: NH Financial Group) NH Bank erased the deficit it incurred in 2015 and hi…
Chairman-designate Cho Yong-beong of Shinhan Bank slated to succeed chairman Han Dong-woo of Shinhan Financial Group who retires in March.(Photos: SFG)Shinhan Card President Wi Sung-ho tapped as Shinhan Bank president. Cho Yong-beong, the chairman-designate of Shinhan Financial Group said he will g…
President Lee Kwang-goo of Woori Bank. President Lee Kwang-goo of Woori Bank has been recommended as the first president of the privatized Woori Bank by the Woori Bank President Recommendation Committee. The president-nominee will officially take over the office for two years as soon as shareholde…
President Kim Do-jin of Industrial Bank of Korea.(Photo: IBK) The Industrial Bank of Korea (IBK) logged consolidated net profit of 1.164,6 trillion won in 2016, up 1.6 percent YoY, which includes those of IBK Capital and IBK Investment and Securities.  IBK posted its own net profit of 1.267 t…
KB Card CEO Yoon Woong-won. KB Kookmin Card Co. introduced a blockchain-based personal authentication system for its bank service users from November last year, becoming the first Korean financial institution to adopt such a simplified, but more secure mobile payment verification system in Korea. …
President Kim Won-kyu of NH Investment and Securities Co,(Photos:NHIS) NH Investment and Securities Co. has decided to push the Mirae Asset Rogers Commodity Index Fund, which is focused on investments in industrial raw materials, including energy, minerals and farm produce. Experts are now counting…
Chairman Hwang Young-key of the Korea Financial Investment Association. Chairman Hwang Young-key of the Korea Financial Investment Association (KOFIA) said there are some financial regulations that the securities firms find very restrictive for their operations, and thus, need to be reformed. On t…
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Policy/Politics
Minister Hwang Jong-woo of the Ministry of Oceans and Fisheries (MOF), Vice Mayor Hwang Ki-yeon of Jeonnam-Gwangju Special Metropolitan City, and Gwangyang Mayor Park Sung-hyun and President Choi Kwan-ho of Yeosu Gwangyang Port Authority participate …
On Aug. 29, the government’s KDRT boards a helicopter for a search operation at a helipad of Kathmandu Airport, Nepal. (Photo: Ministry of Foreign Affairs)At 8:37 AM on Aug. 26, 2026, a massive glacier collapse occurred near the border between Nepal…
KBIZ Standing Vice Chmn. Oh Ki-ung, ISPF Chmn. Ahn Kyung-duk and President Lee Byung-hee of Korea Labor Research Institute pose for a photo as they attended a policy debate on eliminating of industry safety gap among large-sized companies and SMEs at…
President Byeon Jae-young of Ulsan Port Authority (UPA) signs a tripartite MOU with Royal Wagenborg and Korea Overseas Business Corp. to invigorate arctic shipping routes at BPA president’s office on Aug. 4.Ulsan Port Authority (UPA) said on Aug. 20…


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