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President Wi Sung-baek of Korea Deposit Insurance Corp.(KDIC). (Photos: KDIC)At the moment, if a person makes an online transfer of money to a wrong person, he or she will have many difficulties in making the money to return. So some con artists took advantage of this fact for the purpose of swindli…
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KDB Chairman Lee Dong-gull speaks about Korean Air’s deal to acquire Asiana Airlines at an on-line news conference on Nov. 16. (Photo: KDB)Korea Development Bank’s plan to restructure the Korean aviation industry is being accelerated. KDB’s plan to let Korea Air merge Asiana Airlines into a sole …
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Hana Bank President Ji Sung-kyu. (Photos: Hana Bank)Hana Bank announced on Dec. 1 that it was honored as the “Best Foreign Exchange Provider in Korea 2021” by Global Finance Magazine, a global financial and economic media outlet.This means Hana Bank has won the Best Foreign Exchange Bank Award in …
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Chairman Sohn Tae-seung of Woori Financial Group. (Photos: Woori Financial Group)The Woori Financial Group announced on Nov. 25 that it has signed an investment agreement for Woori Global Infrastructure New Deal Fund, the first New Deal fund in the financial sector to invest in infrastructure and in…
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NongHyup Bank President Son Byung-hwan tours NongHyup Bank Integrated IT Center to inspect the emergency operation of major computing facilities. (Photo: NongHyup Bank)NongHyup Bank President Son Byung-hwan was presented with the top prize in the bank category of the 2020 Korea Financing Grand Award…
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CEO Shin Hong-sup of KB Savings Bank (Photos: KB Savings Bank)CEO Shin Hong-sup of KB Savings Bank received the top prize in the savings bank category of the 2020 Korea Financing Grand Awards. The savings bank has been credited with “Kiwibank,” a mobile banking platform in which the bank has execu…
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Investors asks questions about an IPO of Kakao Games in the Yeouido Branch of Korea Investment & Securities. (Photo: KIS) This is the hottest year to get involved in initial public offerings (IPO). Thanks to low interest rates and a booming stock market, huge investments flowed into the IPO mark…
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The KRX oil market, which marks its eighth anniversary this year, contributed to cutting consumer prices of petroleum products in Korea, according to oil market analysts. The market introduced an online competition system for the first time in the Korean petroleum product distribution market which h…
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Chung Hee-soo, the 35th chairman of KLIA, delivers his inaugural speech in KLIA Auditorium in Jung-gu, Seoul on Dec. 9. (Photo: KLIA)The Korea Life Insurance Association (KLIA) held an inauguration ceremony for Chung Hee-soo, the 35th chairman, at the association’s auditorium in Seoul on Dec. 9. “…
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Jung Ji-won, next chairman of the GIAK.Jung Ji-won, chairman of the Korea Exchange, was recommended as the sole candidate for the next chairmanship of the General Insurance Association of Korea (GIAK). As such, Jung will be virtually appointed as the 54th chairman of the association. Jung is expecte…
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A view of LG Chem’s Pavilion at K 2025, the world’s premier trade fair for plastics and rubber, which took place from Oct. 8 to Oct. 15 in Düsseldorf, Germany. (Photo: LG Chem)LG Chem announced on Sept. 29 that it has completed the development…
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POSCO INTERNATIONAL CEO Lee Kye-In, Opole Province Governor Monika Jurek, and South Korean Ambassador to Poland Tae attend a ceremony to dedicate a drive motor core plant in Brzeg, Opole Province, Poland on Oct. 1. (Photo: POSCO INTERNATIONAL)POSCO I…
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Samsung Electronics Chmn. Lee Jae-yong shakes hands with Open AI CEO Sam Altman at Samsung Electronics Building in Seocho-dong, Seoul, after signing an LOI to build key infrastructure for global AI on Oct. 1. (Photo: Samsung Electronics)Samsung Elect…
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Executive Chair Chung Eui-sun of Hyundai Motor Group. (Photo: Hyundai Motor Group)No wonder Hyundai Motor Group has grown into a global top three in terms of global sales on the back of renewing best-ever sales and operating profit and rising brand v…
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