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The National Pension Service (NPS) said the monthly stipend payment will increase by 2.2 percent from this month in reflection of the inflation rate last year.
The pension service also said from July those who earn more than 3.98 million won per month will have to pay 8,000 won more monthly for the…
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Top executives of Korean Re wash the feet of their employees during the reinsurance firm‘s 50th anniversary ceremony on March 19 at the company’ s head office in Susong-dong, Seoul.Korea Reinsurance Corp. celebrated its 50th anniversary on March 19 in a ceremony held at the company’ s h…
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President Kwon Jum-joo of Shinhan Life Insurance (center) congratulates the exemplary financial consultants for their contributions to the company’s growth in 2012 at the award presentation ceremony at Shinhan Life Insurance Co. Shinhan Life Insurance Co. held an award p…
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Top executives of Woori Financial Group led by Chairman Lee Pal-seung and President Chung Hyun-jin of Woori Card, cut the tape to celebrate the spin off of Woori Card on April 22.Woori Financial Group finally spun off its card unit on April 1 after receiving final approval from the F…
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President Min Byung-dok of Kookmin Bank listens to an official of a small company near Seoul he visited recently as he holds a product of the company. [ Photo on courtesy of Kookmin Bank]Kookmin Bank became the first major commercial bank in Korea to open a window for the genera…
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Hana Bank President Kim Jong-jun presents a certificate of donating 2,703 PCs and cash with Chairman Hwan Won-rae of the Korea Labor Welfare Center at a ceremony at the bank’s head office in Seoul on March 12.Hana Bank donated 2,703 personal computers and cash in a ceremony held at its he…
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President Park Jae-shik of Korea Securities Finance Corp. (KSFC)President Park Jae-shik of Korea Securities Finance Corp. (KSFC) announced on March 12 the launch of an online loan service called the E-share Loan, a small mortgage loan facility exclusively for individual borrowers, at a media br…
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President Kwon Jum-joo(3rd R) of Shinhan Life Insurance Co. holds a placard saying the company’s catchphrase, " Compassionate Finance, Compassionate Insurance," with executives and branch managers at a recent meeting.Shinhan Life Insurance Co. will judge the value of its management a…
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President Lee Soon-woo of Woori Bank visits a traditional blanket store in downtown Seoul, recently to show the bank’s concern for small businesses and individual borrowers whose credit capacities have reached limits.Woori Bank has been offering loans to customers whose credit capacities …
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CEOs and executives of NH Financial Holdings, including Chairman Shin Dong-kyu, 5th R, and NH Bank Shin Chung-shik, cut the cake in celebration of its 1st year anniversary on Feb. 28 at its head office in Seoul.NH Financial Holdings celebrated its one-year anniversary on March 2 at a ceremony h…
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Chairman Kim Ki-moon of Korea Federation of Small and Medium Business (KBIZ) poses with President & CEO Mohammad Ali Rashed Lootah of Dubai Chambers after they discussed ways of promoting exchanges and cooperation at Dubai Chambers on Feb. 7. (Ph…
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Amorepacific Group logged 4,259.9 billion won in sales and 249.3 billion won in operating profit last year. The figures represent a 5.9 percent year-on-year rise and a 64 percent year-on-year jump compared to 2023. The high growth rate of t…
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A view of the redesigned Genesis GV60 whose sale was launched in Korea on March 6. (Photo: Hyundai Motor)Sales of the redesigned Genesis GV60 in Korea started on March 6, showcasing more power and state-of-the-art luxury features.It’s the first time…
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A view of “Bibigo Yugjeubgadeug Mandu,” stuffed with chunks of meat and vegetables, and products of the instant rice brand “Hetbahn Sotbahn,” released by CJ Cheiljedang. (Photos: CJ Cheiljedang)CJ Cheiljedang released “Bibigo Yugjeubgadeug Mandu…
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