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Economy/Finance
Chairman Hwang Rok of the Korea Credit Guarantee Fund(KODIT). The Korea Credit Guarantee Fund (KODIT) celebrated its 41st anniversary on June 1 with a ceremony at its head office in Daegu. All of the entire officers and staff signed “E-Clean” Affidavits in which they swore to be “clean” at work…
President Kim Jae-chun of Korea Housing Finance Corp.(Photo: KHFC) Korea Housing Finance Corp. (KHFC) provides housing finance in Korea. It offers long-term mortgage loans; housing guarantees for individuals, such as guarantees for rental, installments, and home purchases; housing guarantees for ho…
President Lee Kwang-goo of Woori Bank. Shares of Woori Bank have been rising rapidly this year with the expectation that the bank would do well in the first year of its privatization. The government sold most of its stake in the bank to multiple private sector investors last November for $2.1 billi…
Shinhan Card President Lim Young-jin. Shinhan Card has launched the Asiana Shinhan Card Air 1.5, which strengthens benefits for cardholders from the accumulation of mileage with Asiana Airlines. The new card has the highest mileage accumulation rate among similar cards in operation, with more benef…
The “KB Card Easy Auto Loan” enables a car buyer to pay for a car with his or her credit card and make repayments in monthly installments for 60 months as if repaying a loan. But the interest charges for the installment financial product vary depending on car model and the amount of the down pa…
Under its Three Highs Loan Policy, the Industrial Bank of Korea (IBK) in February provided a total of 2 trillion won in loans, consisting of 1 trillion won each to small individual businessmen, and SMEs with mid-level credit ratings. Loans with the Special Support Program, for small business firm…
A group of dignitaries clap their hands at a seminar on June 8 where the announcement on the opening of K-OTC Market on July 1 is made by Chairman Hwang Young-key, 3rd R front row, of KOFIA.(Photo:KOFIA) Korea’s over-the-counter market (K-OTC) market is slated to open next month, helping investors…
Chairman Cho Yong-byoung of Shinhan Financial Group.(Photo: SFG) Shinhan Financial Group posted a net profit of 997.1 billion won in the first quarter, up 29.3 percent from 771.4 billion won in the same period last year. The result is a whopping 62.9 percent increase from three months ago and the h…
Chairman Yoon Jong-kyoo of KB Financial Group.(Photo: KB Financial) KB Financial Group’s net profit for the first quarter of this year came in at an impressive 870.1 billion won, up 59.7 percent year-on-year.  The stellar performance was driven by higher interest income and fee and commissio…
Chairman Kim Yong-hwan of NH Financial Group shakes hands recently with an official while on a tour of the IT Center of the group.(Photo: NH Financial) NongHyup Financial Group Chairman Kim Yong-hwan said he always puts principles above all in solving problems. When he was a fourth-grade officer w…
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Business/Company
Representatives from Samsung SDS and  its blockchain consortium partners for shipping and logistics pose during an inaugural meeting at its campus in Pangyo, Gyeonggi-do, on May 31. (Photo: Samsung SDS) The logistics sector has become the first…
Vice Chairman Chung Eui-sun introduces the Kona, Hyundai Motor’s new SUV in the B segment of the SUVs at the automaker’s new studio in Ilsan near Seoul on June 13. (Photos: Hyundai Motor) Vice Chairman Chung Eui-sun debuted the Kona at the Kona Wo…
A number of key officials of Lotte Group led by Chairman Shin Dong-bin clap hands at a ceremony to open the Lotte R&D Center in Magok, Seoul, on June 1. Lotte Group, Korea's food and retail giant, unveiled on June 1 its new research and developm…
LG Chem Vice Chairman Park Jin-soo. (Photo: LG Chem)LG Chem is concentrating its capabilities on the nurturing of core businesses, including basic materials, batteries, IT/electronics materials and life science. The company aims at becoming a “globa…


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