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Larry Summers, professor at Harvard University in Boston, the United States, and a former U.S. Treasury Secretary, urged the state wealth funds including the National Pension Service (NPS) to do their utmost to help end the economic crisis.At the Global Conference hosted on Sept. 17 by the NPS to co…
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South Korea and the World Bank signed an MOU to cooperate in many international financial sectors and to open a World Bank office in either Seoul or Incheon next year. In the MOU signed by Minister Bahk Jae-wan of the Ministry of Strategy and Finance and President Jim Yong Kim of the World Bank…
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Woori Financial Co. warned that household debts have grown so big that many borrowers are facing default on some of their loans as concerned banks have made their borrowing conditions more difficult for home loan borrowers.Many young people are turning to capital loan companies for loans on credit a…
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Hanwha Securities and Hanwha Investment Securities merged to be reborn as Hanwha Investment and Securities in order to act as an investment banking affiliate for the Hanwha Group and as a top-tier securities firm to more powerfully climb the ladder of greater challenges ahead. The newly-merged …
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The life insurance industry has kicked off its social service activities with the Life Insurance Social Service Committee presenting 12 cars to social welfare institutions at a ceremony held at Han River Park in Yeouido, Seoul, on July 17, the Korea Life Insurance Association (KLIA) said recently.Ch…
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Chairman Shin Dong-kyu of NH Financial Holding Co. has decided to increase the capital of its affiliates including NH Bank and NH Life Insurance by around 1.7 trillion won to boost their competitive strength. The increased funds will be invested largely in non-financial business sectors, the holding…
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Hana Bank China Ltd has been considered the most successful overseas subsidiary not only at Hana Financial Group, but also inside the Korean financial industry due mostly to its outstanding localization characteristics, financial industry sources said recently under the brilliant leadership of Chair…
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Chairman Han Dong-woo of Shinhan Financial Group said he will lead the financial group to turn around its strategy of pursuing only profits to one that will also carry out social contributions along with profits, thus “catching two rabbits at one time.”At a ceremony celebrating the group’s 11th a…
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Woori Financial Group, as a follow-up measure after the meeting of the chairmen of major financial holding companies on Aug. 21, has decided to resolve the household debt crisis, expand loans to SMEs and the financially poor as well as promote exports and investments in support of the real economy t…
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Woori Financial Group, as a follow-up measure after the meeting of the chairmen of major financial holding companies on Aug. 21, has decided to resolve the household debt crisis, expand loans to SMEs and the financially poor as well as promote exports and investments in support of the real economy t…
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Samsung SDS President & CEO Lee Jun-hee poses with SAP CEO Christian Klein struck after they struck a “Rise with SAP” premium supplier partnership pact at SAP’s headquarters in Waldorf, Germany, on July 2. (Photo: Samsung SDS)Samsung SDS has b…
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Customers experience Bespoke AI appliances on display at Happy Gathering Busan 2025 that took place at ECKE in Haeundae, Busan, from June 26 to June 28. (Photos: Samsung Electronics) Samsung Electronics showcased AI-based home appliances that al…
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Chairman Shin Dong-bin of Lotte Group delivers a speech at the Value Creation Meeting for the second half of 2025 at the Osan Campus of Lotte Manpower Development Institute on July 16. Chairman Shin Dong-bin of Lotte Group convened the Value Cre…
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Prime Minister Kim Min-seok delivers a key-note speech at the 48th KCCI Summer Forum, which took place at Lahan Select Gyeongju on July 16.Chairman Chey Tae-won of the Korea Chamber of Commerce and Industry gives a lecture at the 48th KCCI Summer For…
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