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President Wi Sung-baek of Korea Deposit Insurance Corp.(KDIC). (Photos: KDIC)With respect to Lime Asset Management and Optimus Asset Management Incidents, a victim compensation system is needed in order to provide compensation to financial product buyers even if their financial companies go under, s…
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Chairman and CEO Moon Sung-yu of KAMCO. “Since we started receiving applications for the Program to Support the Sale of Corporate Assets on July 17, many companies have been applying for the program,” said an official of Korea Asset Management Corp. (KAMCO) in September. The Program to Support the…
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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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Officials of KEPCO KDN pose at their pavilion at Korea Smart Grid Expo 2025, which took place at COEX, Seoul, from Feb. 12 to Feb. 14.KEPCO KDN participated in the Korea Smart Grid Expo 2025, which took place at COEX, Seoul, from Feb. 12 to Feb. 14.&…
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CEO Lee Gyu-suk of Hyundai Mobis unveils its new vision demonstrating its strong commitment to becoming a leading global player in future mobility at a ceremony at Mobis Technical Center in Yongin, Gyeonggi-do, on March 12. (Photo: Hyundai Mobis)Hyun…
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This photo, provided by Hanwha Ocean Co. on March 17, 2025, shows a recent contract signing ceremony between the South Korean shipyard and Evergreen Marine Corp. of Taiwan. Hanwha Ocean CEO Kim Hee-cheul and Evergreen Marine Chairman Chang Yen-I pose…
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President Lee Jung-bok of Korea Western Power (KOWEPO) poses with his executives after they attended a ceremony at its headquarters in Taean to declare “KOWEPO innovative growth projects” and inaugurated the “KOWEPO Innovative Growth Committee” o…
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