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Economy/Finance
President Kim Jae-chun of Korea Housing Finance Corp. (Photo: HF)Korea Housing Finance Corp. said subscribers to the Housing Retirement Fund (JTYK), total 45,371 so far, with this year being the 10th anniversary of the retirement fund program. The subscribers to the housing retirement fund numbered …
President Wi Sung-ho of Shinhan Bank. President Wi Sung-ho of Shinhan Bank chose “Clerk’s Capacity” as the keywords for his management plan in the second half, concluding that it is people that make organizations. It’s a signal that open screening for candidates will be used to fill key posts i…
Chairman Yoon Jong-kyoo of KB Financial Group KB Financial Group said its first half net profit amounted to 1.8602 trillion won, up 65.5 percent YoY, including 999.01 billion won in Q2 net profit, up 13.8 percent YoY, the financial group said on July 20. KB Financial Group Inc., a major South Kore…
President Kim Do-jin of the Industrial Bank of Korea waves the bank’s flag at a ceremony for the 56th anniversary of IBK on Aug. 1.(Photo: IBK) President Kim Do-jin of the Industrial Bank of Korea (IBK) revealed his management vision, “Companion Finance,” which is designed to expand the bank’s …
President Lee Kyung-sob of NH Bank.(Photo: NH Bank) NH Bank is set to introduce its “Doctor in Charge System” giving customers the right to select who they want to manage their deposits from the second half this year. The bank will also focus on customers who are baby boomers, those born between…
“Tatan Daero Only You Card” just introduced by KB Card with many benefits. KB Card recently introduced the “Tantan Daero Only You Card,” which comes with discount benefits for refueling and maintenance at service stations. Another special feature of the card is that it has an increased accumula…
Chairman Hwang Young-key of Korea Financial Investment Association. "Individual Savings Accounts (ISA) have become tax-free deposit accounts, an uncomfortable truth, and the ISA Season 2 should absolutely include a securities-type ISA,” said Chairman Hwang Young, chairman of the Korea Financial In…
President Kim Jae-shik of Mirae Asset Life Insurance Co.A scene from the temporary shareholders’ meeting of Mirae Asset Life Insurance Co. held on Aug. 4.(Photos: Mirae Asset) The insurance industry has been edgy over the changes that the IFRS17 (the International Financial Reporting Standard 17) …
Chairman Kim Jung-tae of Hana Financial Group.(Photo: HFG)Hana Financial Group saw its 2nd Qtr. net profit jump the highest in its history, logging 538.9 billion won, up 53 percent from 352.1 billion won from the same period last year, the group said on July 21.The financial group attributed the rec…
Woori Bank will inject $100 million into its Indonesian subsidiary to bolster its capital base and groom it to be one of the top five lenders in the Southeast Asian country. According to multiple sources from the financial industry on June 28, PT Bank Woori Saudara received approval from the Indo…
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Industry/Energy
President Cho Hwan-eik of Korea Electric Power Corp. (KEPCO) (Phoertos: KEPCO) Korea Electric Power Corp. (KEPCO) is considering acquiring a biomass power plant now under construction in Georgia, the United States. A biomass power plant uses waste t…
Samsung Electronics Vice Chairman Kwon Oh-hyun.A 1 terabit (Tb) 3D V-NAND flash memory, developed by Samsung Electronics for the first time in the world. Samsung Electronics has ushered in an era of 1 terabit (Tb) 3D V-NAND flash memory for the firs…
President Yoon Jong-geun of Korea Southern Power Co. (KOSPO)  other executives and staff members vow to achieve the”New/Renewal 3030 Target” a workshop at the Ibis Ambassador Hotel in Busan on July 31. (Photo: KOSPO) Korea Southern Power Co. …
Hyundai Motor shows off the self-driving vehicle Ioniq EV at the North America Auto Show in Detroit on Jan. 10, 2017. (Photos: Hyundai Motor) Hyundai Motor Group is concentrating on the development of autonomous autmobiles, connected vehicles and ec…


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