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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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SKT Light Installment KB Kookmin Card KT Super Installment KB Kookmin CardLG U+ Light Installment KB Kookmin Card.
KB Kookmin Card recently introduced three types of credit cards that can be used when purchasing communication equipment, and can give buyers a number of benefits including instal…
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Chairman Park Hyun-joo of Mirae Asset Group. (Photo:Mirae Asset)
Mirae Asset Daewoo Securities will merge with Mirae Asset Securities on Nov. 1, with Chairman Park Hyeon-joo taking over as the chairman and CEO of the newly merged securities firm. The boards of the two firms approved the merger, whi…
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Chairman Joo Young-jin, former chief of the National Assembly Budget Office, recently elected as chairman of the Korea Parliamentary Research Institute. (Photos : Korea Parliamentary Research Institute)Joo Young-jin is a recognized legislative b…
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Koo Ja-hong, the late first chairman of LG Group, died of 77 on Feb. 11.LS Nikko-Copper Chairman Koo Ja-hong, who shepherded the growth of LS Group, succumbed to a chronic disease he had been suffering from. He was 75. Chairman Koo, born in Jiny…
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By Park Jong-sun, a former professor with Jeonju University and ex-Korean consulate general in Qingtao, China.The global economy posted a high growth rate of 5.5 percent, as each country around the world employed expansionary fiscal and currency poli…
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Honorary Chairman Kim Jae-chul of Dongwon Group discusses on AI with KAIST President Lee Kwang-young at a talk show at KAIST’s main campus in Daejeon on April 2.Honorary Chairman Kim Jae-chul of Dongwon Group was once an old hand who had contributed…
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