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GS Group Chairman Huh Chang-sooGS Group will invest 3.1 trillion won, up 48 percent from last year, in such areas as energy, retailing and construction so that its turnover this year would increase by 7 trillion won from last year to 75 trillion won, the group said recently. The group said that the …
Chairman Chung Joon-yang of POSCOChairman Chung Joon-yang of POSCO said the steelmaker will try to increase its operating profit 2 percent more than its closest rival steelmakers this year through the development of new steel products and cost cutting mixed with global total solution marketing under…
Chairman Chey Tae-won of SK GroupChairman Chey Tae-won of the SK Group said the group should invest more and create more jobs when the economy is going badly to put it on the right track for growth through aggressive management.During his New Year meeting with the group's key executives on Jan. 3, t…
Lotte Group Chairman Shin Dong-binLotte Group Chairman Shin Dong-bin unveiled a plan to raise its annual investments by 40 percent in a meeting with reporters following a New Year meeting of businessmen at the Korea Chamber of Commerce & Industry (KCCI) on Jan. 5.Later, the group officially anno…
Hyundai Motor Group Chairman Chung Mong-kooHyundai Motor Group will invest 14.1 trillion won this year into the group, up 15.6 percent from 12.2 trillion won last year, the group said recently. The huge increase in investments reflects Chairman Chung Mong-koo's idea that investment should be increas…
Chairman Lee Kun-hee of Samsung GroupSamsung Chairman Lee Kun-hee in his address at the group's New Year ceremony held at Hotel Shilla in Seoul on Jan. 2, said the group will do all it can for the good of society as a member of society, since its power derives from society.The top executive of the n…
Minister Rim Che-min of the Ministry of Health & Welfare delivers his speech at a ceremony to launch the ministry's 2012 business year.Minister Rim Che-min of the Ministry of Health & Welfare (MW) said, "The government will push ahead with measures to address health, medical, and social welf…
Minister of Knowledge Economy Hong Suk-woo attends a meeting with the nation's top 30 business group leaders at the Seoul Renaissance Hotel on Jan. 13.The nation's top 30 conglomerates have decided to set aside a combined 151.4 trillion won in investments and create 123,000 new jobs during this year…
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Economy/Finance
President Lee Dae-houn (Right) is on a visit to a branch of NH Bank in Seoul to inspect its operation as part of his plan to size up the bank outlets operations around the country.(Photo: NH Bank)President Lee Dae-houn of NH Bank said he has been con…
Chairman Yoon Jong-kyoo of KB Financial Group.KB Financial Group will provide 29 trillion won in loans and credits, in addition to direct investments to reform businesses through 2023, the financial group said. The group said 27 trillion won will pro…
President Kim Do-jin of the Industrial Bank of Korea(IBK). (Photos: IBK)The Industrial Bank of Korea(IBK) is set to offer the Smart Movable Asset Collateral Loan combining IoT with financial product which the bank decided to create after listening to…
President Chung Young-chae of NH Investment and Securities Co.(Photo: NHIS)NH Investment & Securities Co. got a license to issue promissory notes, making it the second securities firm to do so after Korea Investment and Securities. The license pr…


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