President Suh Jin-won of Shinhan Bank.Shinhan Bank projects a banking environment with low interest rates and low growth in assets for this year and that profit levels may vary depending on how much effort each bank has put in this year. The bank described the tough banking environment as the ”new …

President Min Byung-deok of Kookmin Bank gives his New Year speech at a ceremony to kick off the New Year at the bank's head office in Yeouido, Seoul, Jan. 4.Kookmin Bank plans to step up its overseas operations this year, centering on advanced countries and emerging markets at the same time. I…

Hana Financial Group Chairman Kim Jung-tae delivers a speech at the “Start 2013 Event” at the Olympic Gymnastics Stadium in Seoul on Jan. 5. The gathering attracted about 10,000 employees from all subsidiaries of the financial group including Korea Exchange Bank, with which the financial group mer…

Woori Bank President Lee Soon-woo and his staff pay homage at the Hongnyu Royal Tomb, which is on the list of UNESCO World Heritage sites, in Namyangju, Gyeonggi-do, in which Emperor Gojong and his son and King Yeongchin, who served as the founder and the first president of the predecessor of Woori …

(from left) Export-Import Bank of Korea Chairman Kim Yong-hwan. Executive Director Nam Ki-sup,; Managing Director Sul Young-hwan,; and  Vice President Minh Heung-shik are among those who got promotions in the latest reshuffle.The Export and Import Bank of Korea projects the global economic…

President Cho Joon-hee of the Industrial Bank of Korea.The Industrial Bank of Korea (IBK) has cut the upper limit on its housing and SME loan interest rate by one percentage point to 9.5 percent per year from this year and has suspended the penalty interest rate system this year for the first time i…

Chairman Chang Young-chul of Korea Asset Management Corp.The Korea Asset Management Corp. (KAMCO) completed its 15-year program to recover defaulted assets at a rate of 119 percent, the top level in the world, leaving an enviable mark on the nation’s economic history.The company also built an excel…

KDB Financial Group Chairman Kang Man-soo gives a speech at a NewYear's meeting to celebrate the start of the 2013 business year. The Korea Development Bank (KDB) projects 2013 will be another slow year for its operations due to the continuing economic slumps both globally and domestically and …

Chairman Park Byung-won of the Korea Federation of Banks.Chairman Park Byung-won of the Korea Federation of Banks (KFB) said in his New Year’s message that the past five years have been a period of huge achievements by banks across the country with the major achievement being overcoming the financi…