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President Lee Kwang-goo of Woori Bank.
Woori Bank has been able to sell 29.7 percent of its stake held by the government to seven successful bidders in November. It plans to use the momentum to become one of the leading financial groups in Korea, joining KB Financial, Hana Financial and Shinhan Fin…
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Chairman Hwang Young-key of the Korea Financial Investment Association.
Korea Financial Investment Association (Kofia) plans to go after the financial regulations that segregate the domestic and foreign financial firms operating in Korea to reform them next year.
At a briefing session held on Dec.…
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CEO Choi Hyun-man of Mirae Asset Daewoo Securities Co.(Photo: Mirae Asset Securities)
Mirae Asset Securities received the right to operate an investment banking ahead of a scheduled M&A with Daewoo Securities.
The acquirer would have automatically earn the right to operate after the two units …
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Shinhan Bank has been striving to help society by conducting full-scale social responsibility efforts through Compassionate Finance, which sets out to support communities with the power of finance. The bank launched a social service group in July 2004 for the first time, the first such group in Ko…
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Chairman Han Dong-woo of Shinhan Financial Group.
Shinhan Financial Group announced Oct. 20 that its combined net profit in the first three quarters of this year surpassed the 2 trillion won mark for the first time in four years.
In a statement, the bank holding firm said the accumulated net profi…
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Chairman Yoon Jong-kyoo of KB Financial Group who doubles as president of KB Kookmin Bank.
Yoon Jong-kyoo, KB Financial Group Chairman, said the group will closely follow changes coming with the so-called “fourth industrial revolution” in order to make sure KB Kookmin Bank recovers its past…
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Chairman Kim Jung-tae of Hana Financial Group.(Photo: HFG)
Hana Financial Group posted its best third quarter since 2012 thanks to synergy from the merger with the Korea Exchange Bank and real estate investments, boosting this year’s profit over that of last year’s.
The financial group said on O…
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Chairman Kim Yong-hwan of NH Financial Group.
NongHyup Financial Group Inc. said on Oct. 26 that its third-quarter earnings increased nearly 3 percent on-year thanks to strong revenue and less money set aside to cover bad debt.
Net profit reached 182.7 billion won ($162.2 million) in the July-Sept…
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A view of an opening ceremony of the Industrial Bank of Korea’s Kangaroo Store in Suwon, Gyeonggi Province. IBK President Kwon Seon-joo is among the store’s staff, officials of IBK and officials from the Holt Children Welfare in the ceremony held recently in Suwon, Gyeonggi Province.(Photo: IBK)
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President Lee Kwang-goo of Woori Bank. (Photo: Woori Bank)South Korea’s government has sold a $2.1 billion stake in Woori Bank to multiple investors in its latest bid to privatize the lender and recoup taxpayer money it pumped in to bail out the lender some two decades ago, according to the country…
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Nongshim CEO Jo Yong-chul makes a presentation on the success of Shin Ramyun at Lotte Hotel in Seoul on May 13. (Photos: Nongshim)Nongshim announced on May 13 that cumulative sales of Shin Ramyun, which marks its 40th anniversary this year, surpassed…
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Chairman Cho Won-tae of Hanjin Group. Korean Air has gotten a lot of “love” from financial markets, in particular for the brainchild of the merger, Chairman Cho Won-tae of Hanjin Group. The historic M&A with Asiana Airlines is evaluat…
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A view of Samsung Electronics Suwon Digital City. (Photo: Samsung Electronics)Labor and management of Samsung Electronics reached a tentative agreement on incentives at the last minute on May 20, averting a strike one and half hours before the deadli…
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Hyundai Motor Vice Chair Chang Jae-hoon (right) poses for a photo with Vice Minister of Trade, Industry and Resources Moon Shin-hak at the 23rd Automobile Day Event on May 12.Hyundai Motor Group Vice Chair Chang Jae-hoon won the Gold Tower Order of I…
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