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Chairman and CEO Chang Young-chul of Korea Asset Management Corp. (KAMCO) said in his congratulatory speech on KAMCO’s 50th anniversary on April 6 that he will steer the company to be an investment bank for the national economy by taking care of state assets and defaulted assets of state companies …
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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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Participants including Yuhan Corp. CEO Cho Wook-je cut cake at the centennial ceremony on June 20 at Willow House in Dongjak-gu, Seoul.Yuhan Corp., marking its 100th anniversary, presented a vision for the next 100 years and declared its leap forward…
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President Kwon Suk-yoon of the Korea Research Institute of Bioscience and Biotechnology (KRIBB). One of the most widely used chemotherapeutic agents for colorectal cancer is 5-fluorouracil (5-FU), a cornerstone treatment that has improved outcom…
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An aerial view of Chong Kun Dang’s Biopharmaceutical Research and Development Center. (Photo: Siheung City Hall)Chong Kun Dang will establish a large-scale bio research complex in the Baegot District of Siheung, Gyeonggi-do, to strengthen its resear…
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President Cho Wook-je of Yuhan Corp. speaks at a regular shareholders’ meeting at Yuhan headquarters in Dongjak-gu, Seoul, on March 29. (Photos: Yuhan Corp.)President Cho Wook-je of Yuhan Corp. said, “We’ve been progressing without interruption th…
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