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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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President Lee Kwang-goo of Woori Bank.
Woori Bank, South Korea's second-biggest bank by assets, on May 4 announced that it posted a 52 percent jump in first-quarter net profit from a year earlier on improved margins and lower costs.
For the three months ended March 31, Woori Bank's net profit soar…
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Shinhan Card President Wi Sung-ho, right, holds an agreement signed with President Ganzorig ULzilbayar of Golomt Bank of Mongolia on cooperation on Big Data between the two financial institutions on May 11 in Seoul. (Photo:Shinhan Card)
Online fund sales based on around 2 trillion won worth of poin…
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President Baek Jong-hoon of Kumho Petrochemical, Yeosu Mayor Chung Ki-myung and other dignitaries cut the tap at a ceremony to dedicate a CCUS facility at the first lubber plant of Kumho Petrochemical in the Yeosu National Industrial Complex last Jul…
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President Kim Dong-cheol of Korea Electric Power Corp. (KEPCO) gives a welcoming speech at a ceremony to open “KEPCO Pavilion” at CES 2026 in Las Vegas, the United States, which took place form Jan. 6 to Jan. 9. (Photo: KEPCO) President Kim Do…
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A whole inside view of Korea Power Exchange’s Central Power Control Center. (Photo: KPX)Korea Power Exchange (KPX) plans to launch a “quasi-centrally scheduled load system” in which renewable energies and virtual power plants are used as scheduled…
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Chmn. Park Jeong-won of Doosan Business Group makes an inspection into the worksite of Doosan Enerbility in Changwon, Gyeongsangnam-do, on Feb. 11. (Photo: Doosan Group)In his New Year’s message, Chairman Park Jeong-won of Doosan Group urged his bus…
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