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…

President Seo Jong-dae of Korea Housing Finance Corp.Korea Housing Finance Corp. (KHFC), headed by President Seo Jong-dae, recorded a top year last year in terms of its operation since its start in 2004, despite the difficult management environment, the company reported in outlining its op…

Most countries are facing aging societies caused by decreasing birth and mortality rates and an increasing longevity of life. An aging population, nuclear families, and female economic activities make caring for old people not the problem of individuals, but a social issue, to which Korea is no exce…

Korea Exchange Bank (KEB) will once again pursue its overseas expansion policy, a strategy that was suspended for a while when Lone Star was running the bank. KEB has recently opened a branch in Abu Dhabi, the first new overseas branch in a decade.President Yun Yong-ro was joined by a number of dign…

“The history of finance is the history of takeovers, so we have to go overseas to seek opportunities to take over a foreign bank in order to grow further,” said Chairman Lee Pal-seung of Woori Financial Group.The chairman made the statement during a ceremony for 360 new employees of the group on D…

Samsung Card since its set up in 1988, has been expanding its operations so much so that the company listed its shares on the Korea Exchange in 2007 to become a leading credit card company, representing the consumer finance industry in Korea. The company draws everything from the catch words, …