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Economy/Finance
Chairman Yoon Jong-kyoo of the KB Financial Group whose appointment has been approved by the shareholders on Nov. 21 and became official. (Photo:KB) Chairman Yoon Jong-kyoo’s nomination became official when the KB Financial Group shareholders approved his appointment at their meeting on Nov. 21 at…
Chairman Lee Soon-woo and also the president of Woori Bank, which assumed the functions of Woori Financial Group recently to facilitate the group's privatization. (Photo:WB) Woori Bank kicked off its first day of business on Nov. 1 since merging with Woori Financial Holdings. The bank will continue…
President Kim Jong-joon of Hana Bank, left, and President Kim Han-jo of the Korea Exchange Bank hold the agreement of the boards of the two banks that the two banking affiliates of Hana Financial Group will merge in February of next year. (Photo:HFG) At a meeting on Oct. 29, the boards of both Hana…
 New President Kim Won-kyu of NH Investment and Securities Co. born out of merger of Woori Investment & Securities Co. and NH Securities Co. on Oct. 29. (Photo:NHI&S) President Kim Won-kyu of Woori Investment and Securities Co. has been named the president of the NH Investment & Se…
President Choi Kyung-soo of the KRX, R, holds the MOU with Gov. Tian Guoli of Bank of China after signing the instrument at a ceremony held at Coex in Seoul on July 4.  (Photo: KRX) KRX President Choi Kyung-soo and Gov. Tian Guoli of the Bank of China (BOC) signed an MOU for comprehensive…
Woori Bank is one of the Korean banks that entered China for business when Korea and China reopened diplomatic ties in 1992. With its wholly-owned subsidiary as the base of its operation, the bank has been rapidly expanding its banking network in China since then. In 1995, the bank opened a branch …
Chairman Lim Young-rok of KB Financial Group said it’s the message of hope that will lighten up the financial group on the group’s securing the priority bidding rights in the bidding for LIG non-life insurance co. At the group’s management consultation meeting held on July 12 at the group’s hea…
The Industrial Bank of Korea (IBK) plans to support the further overseas advancement of SMEs, although they are in 162 countries now, up from just 84 before the financial crisis of 1998. Korean business firms have been hard at work and operate in all 229 countries on earth, falling back on the Korea…
Chairman Yim Jong-ryong of NH Financial Group. Chairman Yim Jong-ryong of NH Financial Group plans to merge Woori Investment and Securities with NH Securities at the end of this year, while Woori Alibaba Life Insurance Co. will be taken over by NH Life Insurance Co. in the first half of next year. …
President Kwon Seon-joo of the Industrial Bank of Korea. (Photo:IBK) The Industrial Bank of Korea (IBK) has successfully issued $300 million in GDRs at a price of $11.39 per issue, down 4.4 percent from the closing price of April 11, which is way lower than the average discount rate for GDRs issued…
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Policy/Politics
Minister Hwang Jong-woo of the Ministry of Oceans and Fisheries (MOF), Vice Mayor Hwang Ki-yeon of Jeonnam-Gwangju Special Metropolitan City, and Gwangyang Mayor Park Sung-hyun and President Choi Kwan-ho of Yeosu Gwangyang Port Authority participate …
On Aug. 29, the government’s KDRT boards a helicopter for a search operation at a helipad of Kathmandu Airport, Nepal. (Photo: Ministry of Foreign Affairs)At 8:37 AM on Aug. 26, 2026, a massive glacier collapse occurred near the border between Nepal…
KBIZ Standing Vice Chmn. Oh Ki-ung, ISPF Chmn. Ahn Kyung-duk and President Lee Byung-hee of Korea Labor Research Institute pose for a photo as they attended a policy debate on eliminating of industry safety gap among large-sized companies and SMEs at…
President Byeon Jae-young of Ulsan Port Authority (UPA) signs a tripartite MOU with Royal Wagenborg and Korea Overseas Business Corp. to invigorate arctic shipping routes at BPA president’s office on Aug. 4.Ulsan Port Authority (UPA) said on Aug. 20…


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