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Economy/Finance
President Kwon Kwang-seok of Woori Bank.Woori Bank has inaugurated a department under the direct control of the CEO, designed to facilitate communications between Woori Bank headquarters and banking outlets. The step is part of a reshuffle and reorganization, conducted by Kwon Kwang-seok for the fir¡¦
Chairman Shin Yong-kil of the Korea Life Insurance Association (KLIA). The deferral of the effective date of IFRS 17 Insurance Contracts an additional year, to Jan. 1, 2023, has given insurance companies a sigh of relief. They now have another opportunity to accumulate additional capital, which will¡¦
Chairman Cho Yong-byoung of Shinhan Financial Group speaks at a general shareholders¡¯ meeting at the group headquarters in Sejongdae-ro, Seoul, on March 26. Chairman Cho was reelected as chairman of the group. (Photos: Shinhan Financial Group) Chairman Cho Yong-byoung of Shinhan Financial Group has¡¦
President Moon Sung-yu of Korea Asset Management Corp. (KAMCO) and trade union head Kim Seung-tae participate in an event to join forces in overcoming a crisis, caused by the spread of COVID-19 on March 9. (Photos: KAMCO)Korea Asset Management Corp. (KAMCO) has played the part of economic safety net¡¦
President Wi Seong-bak of Korea Deposit Insurance Corporation (KDIC) and IBK President Yoon Jong-won pose after they signed an MOU at IBK headquarters in Seoul on Feb. 28. (Photo: KDIC)The relentless spread of the novel coronavirus is expected to put increasing pressure on debtors who are carrying o¡¦
KODIT Chairman Yoon Dae-hee listens to the voices of the management and employees at Kiseung Industrial Co., a car parts manufacturer in Daegu on April 9. (Photo: KODIT)The Korea Credit Guarantee Fund (KODIT) announced on April 13 that it was actively expanding guarantee-based support for small and ¡¦
The Export-Import Bank of Korea holds a meeting presided over by Bang Moon-kyu (before the monitor at the center), chairman-president of the state-run Export-Import Bank of Korea in order to help Korean companies suffering from the spread of the COVID-19 virus with emergency financial support throug¡¦
An view of KDB headquarters in Yeouido, Seoul. (Photo: KDB)The Korea Development Bank (KDB) will buy 1.9 trillion won worth of corporate bonds in order to keep the Korean financial market stable in April. Corporate bonds of grade A or higher worth up to 200 billion won per company will be purchased ¡¦
President Yoon Jong-won of the Industrial Bank of Korea (IBK) talks with the head of a small business struggling to cope with the damages, caused by the spread of COVID-19 on March 17. President Yoon Jong-won of the Industrial Bank of Korea (IBK) said, ¡°The collapse of SMEs will have a greater impa¡¦
Shinhan Bank President Jin Ok-dong. (Photos: Shinhan Bank)Shinhan Bank President Jin Ok-dong stressed the importance of bold decision-making to challenge old methods that have been verified, saying established business plans need to be continuously reviewed and reevaluated. President Jin made the re¡¦
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Policy/Politics
With (from left, standing) Minister of Environment Kim Wan-sup, Deputy Prime Minister-Minister of Economy and Finance Choi Sang-mok, Minister of Trade, Industry and Energy Ahn Duk-geun, and Minister of Land, Infrastructure and Transport Park Sang-woo¡¦
Tens of thousands of people, carrying candles and pickets, take to the street in front of the National Assembly in Yeouido, Seoul, to protest against President Yoon Suk-yeol¡¯s issuing of martial law and demand President Yoon to step down from his pr¡¦
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