The Industrial Bank of Korea observed its 51st anniversary on Aug. 1 at a ceremony held at its head office in Euljiro, downtown Seoul, with over 400 officers and staff in attendance, led by President Cho Joon-hee. President Cho, in his congratulatory speech, said 51 years is a long time when looking…

Hana Financial Group has successfully taken over Broadway National Bank (BNB) Financial Services Corp. run by Korean-Americans, which owns BNB Bank in New York, by securing a 71 percent stake in the holding company on July 21, the group said recently.Hana and BNB Corp. signed an agreement in New Yor…

President Kim Sun-kyu of Korea Housing Guarantee Co., in a recent interview with NewsWorld, talked about the company’s grand plan to support the growth of the national economy by helping SMEs advance overseas as well as creating jobs in Korea. The CEO said he will steer the company to support the l…

President Lee Kang-tae of BC Card said he will take up a campaign that will give the highest value to the company’ s employees through the convergence of finance and communication during his inaugural speech on Aug. 6 at the company’ s conference room.In his speech at the ceremony, which was rathe…

President Kim Ki-bum of KDB Daewoo Securities Co. said he will maintain the securities firm’s tradition as a leading securities firm in Korea in his inaugural speech, recalling his return to the securities firm after a decade-long absence.The new CEO said he is thrilled to be back at his old compan…

he Korea Exchange (KRX) will be the focus of the government’s strategy to make Korea a top financial hub in Northeast Asia, the KRX said in its strategy to globalize its operations made public recently. The KRX will export its infrastructure to Asian countries to expand its influence in Asia and to…

he Industrial Bank of Korea (IBK) conducted a large-scale personnel reshuffle at the top on July 12 involving 1,600 of its officers and staff including the promotion of a former chauffeur to a branch manager in another one of the surprising and tradition-breaking personnel moves by President Cho Jun…

rue to his reputation as a leading proponent of overseas advancement by Korean financial institutions, Chairman Lee Pal-seung of the Woori Financial Group has led the group in its take over of a partial stake in the Saudara Bank in Indonesia to become the second largest shareholder.The group could h…

Shinhan Financial Group plans to hold finance and economy classes for people in various sectors of society as part of its social services, the group announced on June 25.The group said it will provide the financial education free of charge to various classes of people in the country in answer to cal…