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President Yoon Jong-won of the Industrial Bank of Korea (IBK).IBK announced that it released “Daily With Card” coated with antimicrobial film on Aug. 24, the first time the technology was utilized in Korea.“The World Health Organization (WHO) announced that the COVID-19 virus survives longer on c…
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Chairman Cho Yong-byung gives a commemorative speech in a ceremony held online in honor of the 19th anniversary of Shinhan Financial Group on September 1. (Photo: Shinhan Financial Group)The Shinhan Financial Group started to preoccupy new markets to be created with a Korean version of the New Deal.…
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Chairman Yoon Jong-kyoo of KB Financial Group, nominated for a third term.KB Kookmin Bank completed the process of acquiring Bukopin Bank in Indonesia. Kookmin Bank said on Aug. 26 that it conducted a resolution at a shareholders’ meeting to buy a 67 percent stake in Bukopin Bank on Aug. 25.Therefo…
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Chairman Kim Jung-tai of Hana Financial Group (Photos: Hana Financial Group)Hana Bank said in early September that it will introduce an export credit guarantee product with the Korea Trade Insurance Corp. (K-Sure) beginning immediately to boost the export power of Korean companies suffering from the…
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Chairman Kim Kwang-soo (first from right) of NH Nonghyup Financial Group conducts an on-site inspection for emergency operations in preparation for Chuseok Holidays at the NH Integrated IT Center in Uiwang, Gyeonggi Province on Sept. 10. (Photo: NH Nonghyup Financial Group)The NH Nonghyup Financial …
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Sohn Tae-seung, chairman of the Woori Financial Group. (Photo: Woori Financial Group)Woori Financial Group has decided to implement new data projects in earnest in keeping with the government’s policy on “Korean New Deal.”The financial group is considering investing more than 200 billion won in t…
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Shinhan Bank President Jin Ok-dong. Shinhan Bank announced on Sept. 2 that it will launch an AI integration competency center (AICC) that will lead to changes in banking based on artificial intelligence (AI) and the Digital Sales Department that will revolutionize the way they sell products and serv…
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Chairman Lee Dong-gull of Korea Development Bank. (Photos: KDB)Lee Dong-gull began his second term as the 39th chairman of state-run Korea Development Bank (KDB) on Sept. 11.Since the establishment of KDB in 1954, only three chairmen succeeded in renewing their terms at KDB before Lee.Therefore, Lee…
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Chairman and CEO Yoon Dae-hee of Korea Credit Guarantee Fund (Kodit). (Photos: Kodit)Korea Credit Guarantee Fund (KODIT) announced on Sep. 10 that it signed a business agreement on boosting employment in Daegu and North Gyeongsang Province with the Industrial Bank of Korea (IBK) and Korea Industrial…
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Chairman Shin Yong-kil of the Korea Life Insurance Association. (KLIA) (Photo: KLIA)Since its foundation in 1950, the Korea Life Insurance Association (KLIA) has been committed to the growth and development of the life insurance industry. It has protectied the rights and interests of the industry an…
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President Hwang Hyun-sik of LG Uplus. (Photos: LG Uplus)LG Uplus announced on Oct. 3 that it is implementing a smartphone drone delivery service for the first time as a carrier. The service is aimed at customers living in island areas where fast…
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SK Telecom displays “Quantum AI Camera” at its pavilion during 2023 Korean Government Expo that took place at the Busan Exhibition and Convention Center, BEXCO from Nov. 23 to Nov. 25. (Photo: SK Telecom)SK Telecom introduced diverse technologies a…
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Officials with SK Telecom repair the 400Gbps wired network at 5G backbone. (Photos: SK Telecom)SK Telecom said on Oct. 10 the telecom service provider commercialized and introduced 400Gbps wired networks. The conventional wired networks transmit…
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An image of the 2023 European Conference on Optical Communications (ECOC 2023) that took place in Glasgow, UK, from Oct. 1 to Oct. 5. (Photo: KT)KT displayed the latest optical communications technologies, such as optical internet parts, terminals an…
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