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Chairman Kang Man-soo of the KDB Financial Group said the group will look for proper-scale foreign banks for M&As if they are in the market during his visit to KDB Hungary in Budapest on March 19.Under the group’s M&A strategy, he told officials of the group’s Hungarian subsidiary that the…
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The Market Oversight Commission (MOC), under the umbrella of the Korea Exchange (KRX), put into place a stock market alert system effective March 12. The revamped system is considered to have a cooling effect on rapid stock price fluctuations caused by speculation or fictitious demand, thus contribu…
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The Monetary Policy Committee of the Bank of Korea decided to leave the Base Rate unchanged at 3.25% for the intermeeting period.Based on currently available information, the Committee considers some economic indicators in the US to have shown trends of further improvement, but economic activities i…
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Minister Park Jaewan of the Ministry of Strategy and Finance has a busy schedule ahead as he heads to Manila to attend the annual conference of the Asian Development Bank and the meeting of the Finance Ministers and Central Bank Governors of ASEAN+3, also in Manila from May 2-5.The minister will als…
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President Park Keun-hee along with a number of executives and staff join hands in an event during the March 6 Vision 2020 Declaration ceremony at the company’s head office auditorium in Seoul.Samsung Life Insurance Co., the big brother in the life insurance industry, unveiled its vision to be rebor…
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President Yun Yong-ro of Korea Exchange Bank President Yun Yong-ro of Korea Exchange Bank said he will go as far as hiring more people if it is needed to strengthen the bank’s core capacities including the recovery of the bank’s role as the top bank in foreign exchange dealings in Korea.CEO Y…
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Hana Financial Group Chairman Kim Jung-taeHana Financial Group said Choi Heung-shik has been named president of the group and Kim Jong-joon was tapped as president of Hana Bank in a reshuffle of its top executives on March 5 following the resignation of Chairman Kim Seung-yu.Their appointments…
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Chairman Sohn Kyung-shik of Seoul Chamber of Commerce and Industry who was named to service another three-year term at the chamber’s board meeting on Feb. 24 in Seoul. Chairman Sohn was also appointed to serve another term at the Korea Chamber of Commerce and Industry recently.The Seoul Chamber of …
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KDB Daewoo Securities Co. has long been known for its investment banking operations and therefore has solidified its reputation as a traditional IB firm in Korea.The company, born out of the merger between Sambo Securities and Dongyang Securities in 1983, both ranked numbers one and two in the indus…
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Samsung Life Insurance Co. is said to have changed its management style after decades from a conservative style to an aggressive one, as if copying the management style of affiliate Samsung Electronics, industry sources said recently.In the center of the change is President Park Keun-hee who took ov…
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Chairman Kown Oh-gap of HD Hyundai Group. (Photos: HD Hyundai Group)HD Hyundai Heavy Industries has decided to bring HD Hyundai Mipo (HMD) into its corporate structure fold. HD Hyundai Heavy Industries said on Aug. 27 the shipbuilder will effectively…
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Acting KPX President Kim Hong-keun. (Photos: KPX)The nation’s power demand soared to 96 GW at 6 p.m. on Aug. 25, renewing the highest-ever peak power demand one this summer, Korea Power Exchange (KPX) said. A sultry spell, which started earlier…
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Dignitaries, including President Kwon Myung-ho of Korea East-West Power Co. (EWP), Gyeongsangbuk-do Vice gov. Yang Kum-hee and Acting Yeongju Mayor Yoo Jeong-geun, participate in a deal on joint cooperation and investment in a 1.2 trillion won projec…
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President Kim Dong-cheol of Korea Electric Power Corp. (Photos: KEPCO)Korea Electric Power Corp. (KEPCO) and MR (Maschinenfabrik Reinhausen) of Germany joined forces to explore new global markets by utilizing the former’s Substation Equipment Diagno…
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