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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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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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LS ELECTRIC Executive Vice President Lee Chung-hee and Steve Nelson, Mayor of Cedar City, pose wit others at a ground-breaking ceremony for the expansion of the company’s key local production hub, LS ELECTRIC Utah Inc., in Cedar City, Utah, on June …
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Chairman Chey Tae-won of the Korea Chamber of Commerce and Industry (KCCI) delivers a speech at an opening session of the 49th Jeju Forum hosted by KCCI on July 15. (Photo: KCCI)Chairman Chey Tae-won of the Korea Chamber of Commerce and Industry (KCC…
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Chang In-hwa, CEO of POSCO HOLDINGS, Sajjan Jindal, Chairman of JSW Group, Lee Hee-geun, President of POSCO, and Jayant Acharya, CEO of JSW Steel, participate in a ceremony in which POSCO signed a joint venture agreement with JSW Steel, India’s lead…
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Doosan Group Chairman Park Jung-won presents a sculpture symbolizing Doosan as a souvenir to NVIDIA CEO Jensen Huang on June 7. (Photo: Doosan Group)Doosan Group plans to engage in all-round promotion with Nvidia to explore new opportunities in areas…
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