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Korea Life Insurance has been predicting that diverse retirement fund and guarantee type life insurance products in the age of an aging population would become key products in the life insurance industry this year and plans to introduce its own products to go with the market trends, the life insurer…
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Korea Credit Guarantee Fund said on March 29 it has issued a collateralized bond obligation (CBO) worth 415.1 billion won for the first time to support SMEs and construction firms in securing funds, with 280.1 billion won going to support SMEs.The Fund said the issuance is part of the 1 trillion won…
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NH Bank declared “ethical manage-ment” as its guiding theme at a ceremony on April 26 attended by some 300 officers including executives, department managers and staff of the bank.The bank plans to perform its operations including services based on honesty and trust among its customers in an ethic…
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Industrial Bank of Korea announced on May 9 that it will reform the remittance fee system by removing all fees regardless of the amounts of money remitted, although it charged 1,000 won on funds in excess of one hundred thousand won. IBK at the same time will enter the financial market in Indon…
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Chairman Lee Pal-seung of Woori Financial Group said “clean assets” to improve the group’s financial statement is the key objective of the group as it celebrated its 11th anniversary on April 2.“We have to dust off the risky and non-performing assets as much as possible to make our financial sta…
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Korea Development Bank to keep running the special deposit account until 2015 to attract 10 tln won in depositsKorea Development Bank has decided to keep running its KDB Direct deposit account that facilitates deposits directly at the KDB home office without going through branches or other outlets o…
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LG Business Group has declared its top three management keys in order to join the club of 100-year-old companies °™ customer value management, proprietary technology management, and green management. The business group celebrated the 65th anniversary of its establishment on March 27. The late…
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Shinhan Life Insurance Co. on March 23 marked the company’s 22nd anniversary in a ceremony held at the training institute of Shinhan Bank in Kihung, Gyeonggi Province, just outside of Seoul, with some 600 executives and staff attending.The ceremony was a joyous event as the financial consultants an…
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President Kim Chang-soo of Samsung Fire and Marine Insurance Co. said the company’s Vision 2020 aims for the company to be counted among the top 10 non-life insurers in the world by 2020.Meeting reporters for the first time since his inauguration as CEO following the announcement of the company’s …
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Chairman Shin Chung-shik of NH Bank, who also heads NH Financial Holding Co., has been busy at work to make NH Bank known throughout the country since its restructuring following the division of Nonghyup into two holding companies, NH Financial Holding Co. and NH Economic Holding Co.The new chairman…
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Chairman Cho Won-tae of Hanjin Group. Korean Air has gotten a lot of “love” from financial markets, in particular for the brainchild of the merger, Chairman Cho Won-tae of Hanjin Group. The historic M&A with Asiana Airlines is evaluat…
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Nongshim CEO Jo Yong-chul makes a presentation on the success of Shin Ramyun at Lotte Hotel in Seoul on May 13. (Photos: Nongshim)Nongshim announced on May 13 that cumulative sales of Shin Ramyun, which marks its 40th anniversary this year, surpassed…
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A view of Samsung Electronics Suwon Digital City. (Photo: Samsung Electronics)Labor and management of Samsung Electronics reached a tentative agreement on incentives at the last minute on May 20, averting a strike one and half hours before the deadli…
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Hyundai Motor Vice Chair Chang Jae-hoon (right) poses for a photo with Vice Minister of Trade, Industry and Resources Moon Shin-hak at the 23rd Automobile Day Event on May 12.Hyundai Motor Group Vice Chair Chang Jae-hoon won the Gold Tower Order of I…
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