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Shinhan Life Insurance Co. on March 23 marked the company’s 22nd anniversary in a ceremony held at the training institute of Shinhan Bank in Kihung, Gyeonggi Province, just outside of Seoul, with some 600 executives and staff attending.The ceremony was a joyous event as the financial consultants an…
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President Kim Chang-soo of Samsung Fire and Marine Insurance Co. said the company’s Vision 2020 aims for the company to be counted among the top 10 non-life insurers in the world by 2020.Meeting reporters for the first time since his inauguration as CEO following the announcement of the company’s …
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Chairman Shin Chung-shik of NH Bank, who also heads NH Financial Holding Co., has been busy at work to make NH Bank known throughout the country since its restructuring following the division of Nonghyup into two holding companies, NH Financial Holding Co. and NH Economic Holding Co.The new chairman…
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Chairman Kim Jung-tae of Hana Financial Group said the group is ready to take over an insurance firm at any time if the right opportunity arrives, but has ruled out taking over ING Life, which is being contested by KB Financial Group and Samsung Life, by saying it is not right for Hana.During a medi…
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Chairman Han Dong-woo has always stressed “warm financing” as his management ideology since his inauguration as the top executive of the Shinhan Financial Group last September.At the first executive meeting of the group he attended last year, the new chairman told the participants that financial i…
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Chairman Lee Pal-seung of Woori Financial Group has been pushing the group’s strategy this year to enhance its competitive power by strengthening risk management, expanding the base to generate more profit, securing a leading position for its non-banking sector, speeding up globalization of the gro…
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Chairman Euh Yoon-dae of KB Financial Group announced at the shareholders meeting on March 23 at the Kookmin Bank head office in Yeouido, Seoul, that the group will jump into the race to take over ING Life Insurance Co. in competition with other financial firms including Woori Financial Group. The f…
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Korea Export and Import Bank has decided to participate in Sukuk bond issuing with Aramco to finance the Sadara Project, the largest petrochemical plant project ever undertaken in Saudi Arabia.Aramco is slated to issue $2 billion worth of Sukuk bonds in the fall and Exim Bank will guarantee anywhere…
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We are ready to take about 400 billion won in losses by expanding our loans to SMEs this year,” said President Cho Jun-hee of the Industrial Bank of Korea (IBK) at his New Year media briefing on Jan. 2.Cho said the bank’s net profit projection for this year has been cut by 400 billion won from las…
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Chairman and CEO Chang Young-chul of Korea Asset Management Corp. (KAMCO) said in his congratulatory speech on KAMCO’s 50th anniversary on April 6 that he will steer the company to be an investment bank for the national economy by taking care of state assets and defaulted assets of state companies …
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Daewoo E&C Chmn. Jung Won-ju poses with former Indonesian President Widodo after they had a meeting in which they discussed ways of promoting cooperation at Indonesia’s presidential palace in Jakarta on Oct. 18. (Photo: Daewoo E&C)Daewoo E&a…
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SK ecoplant President Kim Hyung-keun. (Photos: SK ecoplant)SK ecoplant is opening a model house for “Centumpark SK View,” an apartment complex to be sold in Yeonjae-gu, Busan, the company said on Oct. 11. The Centumpark SK View will have three…
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President Park Young-bin of Construction Guarantee (CG). (Photos: CG)Construction Guarantee (CG) established a new system to secure the transparency of asset management and establish a foundation to secure asset management in a systematic fashion, CG…
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Booyoung Group Chmn. Lee Joong-keun poses with Say Sam Al, Cambodian Deputy Prime Minister and Minister of Land Management, at a ceremony to open part of the Booyoung Town in Phnom Penh, Cambodia, Oct. 9. (Photo: Booyoung Group) Booyoung Group h…
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