President Lee Soon-woo of Woori Bank.President Lee Soon-woo of Woori Bank said, “What we need are strategies to secure profits in diverse areas of banking through tough risk management and stable growth, while holding down expenses as we are faced with a low-growth and low-interest age that we have…

President Min Byong-deok of Kookmin Bank.Kookmin Bank seeks stable growth in its operations this year instead of big growth in its assets, focusing on cutting expenses and costs. President Min Byong-deok said that the bank should rid itself of its age-old way of thinking and pursue possible sustain…

Chairman Han Dong-woo celebrated two years since his inauguration as head of Shinhan Financial Group in 2011, which was a very difficult time for the group.  What the chairman did as soon as he took the helm of the group was to restore the public’ s trust in the financial group and Shinhan Ba…

Chairman Kim Jung-tae of Hana Financial Group.Chairman Kim Jung-tae of the Hana Financial Group will continue to push for synergy between Hana Bank and the Korea Exchange Bank (KEB), which the group took over in February 2012. Kim, on the occasion of marking his first year as chairman of the group …

President Shin Chung-sik of NH Bank attends an event at the bank's Gyeonggi Sales headquarters.NH Bank will unleash housing loans with a 3 percent annual interest rate starting this month in line with the government’s integrated measures to revive the real estate and housing markets, with dema…

This year may be hard for other banks in Korea, but not for the Korea Exchange Bank (KEB), because the bank will strive to expand high quality assets, increase its loans to SMEs, and secure a major share of the retirement fund market, in addition to strict risk management as President Yun Young-ro s…

President Lee Won-tae of Suhyup Bank gives his inaugural speech at the bank.Suhyup Bank will work for changes and growth at the same time as Lee Won-tae takes over as the new CEO as of April 15. The new president, in his inauguration address, said he will run the bank to be ready for the introducti…

The National Pension Service (NPS) said the monthly stipend payment will increase by 2.2 percent from this month in reflection of the inflation rate last year. The pension service also said from July those who earn more than 3.98 million won per month will have to pay 8,000 won more monthly for the…

Top executives of Korean Re wash the feet of their employees during the reinsurance firm‘s 50th anniversary ceremony on March 19 at the company’ s head office in Susong-dong, Seoul.Korea Reinsurance Corp. celebrated its 50th anniversary on March 19 in a ceremony held at the company’ s h…