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President Lee Kyung-seob of NH Bank.
NH Bank launched its NH ISA Balance Accounts, an individual bank account product that leaves its handling to the bank, from May 22, the bank said recently.
The ISA products, which can manage diverse financial products through its accounts, enjoy the benefits of…
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Chairman Park Hyun-joo of Mirae Asset Group.(Photos:Mirae Asset)
Mirae Asset Daewoo Securities made a capital increase of $100 million (113.5 billion won) to its subsidiary in New York to strengthen its overseas operation.
The latest movement was made in just six days after Park Hyeon-joo, chairma…
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Chairman Kim Yong-hwan of NH Financial Group.(Photo:NH Financial)
Chairman Kim Yong-hwan of NH Financial Group said on May 3 that the group may ask for increased down payments on loans from shipbuilders and maritime shipping firms whose financials have gotten poor. NH Financial is also considering …
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Chairman Yoon Jong-kyoo of KB Financial Group.
"We will strengthen the wealth management and corporate investment banking sectors and create synergy among the affiliates of KB Financial Group,” Chairman Yoon Jong-kyoo said in regards to his plan after taking over Hyundai Securities. “We will be a…
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A model holds an ad for Woori Bank’s ISA installment savings account.(Photo:Woori Bank)
Woori Bank started to sell the ISA products, joining forces with a savings bank named, “ISA Deposits and Installment Savings with Savings Bank” for the first time as a nationwide commercial bank in Korea.
On…
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President Kwon Seon-joo of Industrial Bank of Korea.(Photo:IBK)
The Korean version of tax-efficient savings accounts, which benchmarked a U.K. scheme, went on sale March 15. The government hopes it will boost household wealth amid a rise in “floating money” prompted by low interest rates and unce…
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Chairman Hwang Young-key of Korea Financial Investment Association.
Chairman Hwang Young-key of the Korea Financial Investment Association (KOFIA) said private funds have been leading the growth of the fund market, whose value is estimated at 500 trillion won. At the same time, public funds have no…
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Chairman Yoon Jong-kyoo of KB Financial Group.(Photo:KB Financial)
Competition among South Korean banks and brokerages is heating up to sell new individual savings account (ISA) products, with some banks offering cash gifts or preferential interest rates well above the market average to woo more cu…
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The participants in the KODIT Global Forum on SME Finance held on May 12 on the occasion of its 40th anniversary hold hands during the seminar in a photo session at Lotte Hotel in downtown Seoul including Chairman Suh Geun-woo of Kodit, 4th R, in front row. (Photo:KODIT)
Korea Credit Guarantee Fund…
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Chairman Yoon Jong-kyoo of KB Financial Group.
KB Financial Group is already reaping benefits from the planned acquisition of Hyundai Securities, as its share price rose as soon as it was named as the priority bidder on March 31.
Although the takeover bid drew criticism from some quarters of the s…
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KEPCO President & CEO Kim Dong-chel of Korea Electric Power Corp. poses with ENEC CEO Mohamed Al Hammadi after KEPCO struck an MOU on new nuclear power technology, AI and global market cooperation partnership with Emirates Nuclear Energy Company …
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(from left) Senior Managing Director Jeong Cheol-sang of HJ Shipbuilding & Construction, Cho Seok-jin, Senior Executive Vice President and Chief Nuclear Officer (CNO) of KHNP, and Kim Jong-doo, CEO of Doosan Enerbility’s Nuclear Business Group a…
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GS Caltex holds a completion ceremony for a palm oil refinery of the ARC in Balikpapan, Indonesia, on Nov. 19. GS Caltex Vice Chairman and CEO Hur Sae-hong poses for a photo with POSCO International President Lee Kye-in and other representatives of b…
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President Kang Ki-yoon of the Korea South-East Power makes an inspection tour of a construction site at the Goseong Natural Gas Power Plant, now under construction in Hai-myeon, Goseong-gun, Gyeongsangnam-do, on Nov. 7.President Kang Ki-yoon of the K…
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