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Economy/Finance
Chairman Hwang Rok of Korea Credit Guarantee Fund(KODIT) Chairman Hwang Rok of the Korea Credit Guarantee Fund (KODIT) said on Feb. 27 that he will run KODIT in such a way as to create jobs by extending financial guarantees to promising startups to help usher in the 4th Industrial Revolution. KODIT…
President Wi Sung-ho of Shinhan Bank answers the reporters at a recent media meet following his official inauguration as the new CEO of Shinhan Bank. (Photos: Shinhan Bank) President Wi Sung-ho of Shinhan Bank said on March 7 that he will steer the bank in expanding the gap it has over rival in the…
Chairman Yoon Jong-kyoo of KB Financial Group, 5th R, and is welcomed by PM Nguyen Xuan Phuc of Vietnam, 4th R, at the Prime Minister’s Office in Hanoi, Vietnam, as they meet at a reception to celebrate the 25th anniversary of the opening of the diplomatic relations between Korea and Vietnam. (Phot…
Chairman Kim Jung-tae of Hana Financial Group.(Photos: KEB Hana Bank)Hana Financial Group posted 1.345 trillion won in net profit in 2016, up nearly 50 percent YoY, the largest net profit since 2012 when the Hana Bank merged with the Korea Exchange Bank, the group said on Jan. 24.Officials of the gr…
Chairman Choi Jong-ku of the Export and Import Bank of Korea. (Photo: Eximbank) President Choi Jong-ku of Seoul Guarantee Inc. has been selected to succeed Lee Duk-hoon as the chairman and president of Export and Import Bank, who is set to retire on May 5 as his term expires. The former Assistant …
President Kim Do-jin of the Industrial Bank of Korea. (Photo:IBK) The Industrial Bank of Korea (IBK) said it will provide a total of 100 billion won ($87 million) in special loans for those small and medium-sized enterprises whose businesses have been hurt by China’s latest restrictions on travel …
President Kim Won-kyu of NH Investment and Securities Co. President Kim Won-kyu of NH Investment and Securities Co. has been retained to serve another year by the board of directors at its meeting held on March 8 at the company’s head office in Yeouido, Seoul. Kim’s term has been extended to Marc…
Samsung Fire and Marine Insurance Co. posted 840.9 billion won in net profit for 2016, an increase of 7.4 percent year-on-year, and for the first time the company’s annual net profit surpassed 800 billion won, the company said on March 15. In announcing its 2016 performance results, the non-life …
President Kim Chang-soo of Samsung Life Insurance Co. named to serve another term recently. (Photo: Samsung Life) President Kim Chang-soo of Samsung Life Insurance Co. has won the Board of Directors recommendation to serve another term, pending the shareholders’ approval when they meet later this …
Korea Development Bank Head of Project Finance Lim Maeng-ho holds a copy of an MOU on business cooperation signed with the Palaszczuk Gov’t of Queensland, Australia, with Deputy Premier  and Minister for Trade and Investment Jackie Trad at a signing ceremony held at KDB head office in Seoul Ma…
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Industry/Energy
President Lee Kwan-sup of Korea Hydro & Nuclear Power Co.(Photos: KHNP) Korea Hydro & Nuclear Power (KHNP) has designated 2017 as the first year to make a leap forward by expanding its global presence. Last year, KHNP signed a $600 million O…
KEPCO President Cho Hwan-eik. (Photo: KEPCO) President Cho Hwan-eik of Korea Electric Power Corp. (KEPCO) is certain to be reelected for one more year for the second time after finishing his initial three-year term at a regular meeting of KEPCO’s b…
KPX President Yoo Sang-hee. Korea Power Exchange (KPX) has begun to allow the transaction of renewable energy certificates (RECs) on the photovoltaic power that individuals and companies generate, which are put on the block, in accordance with the g…
Hyundai Motor Group Vice Chairman Chung Ui-sun test-drives Hyundai Motor’s self-driving car IONIQ at the CES 2017 in Las Vegas. Hyundai Motor Co. jumped 13 spots to the 6th and Kia Motors Co. rose to 11th in the U.S. vehicle dependability study ind…


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