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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…
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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…
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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…
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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…
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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…
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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 …
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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…
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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 …
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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…
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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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한국해운협회(회장 박정석)는 9월 12일(금) 여의도 해운빌딩에서 해양수산부 전재수 장관과 한국해운협회 회장단 간 간담회를 개최하고 해운업계 주요 현안에 대해 논의했다.해양수산부 전재수 장관은 “북극항로 시범운항 및 상업항로화 그리고 해양수도권 완성을 위해…
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Chmn. Lee Jay-hyun of CJ Group, a member of an economic delegation who accompanied President Lee Jae-myung on a Korea-U.S. summit, poses with other delegates prior to the “Korea-U.S. Business Roundtable” at Willard InterContinental Washington in Wa…
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David Kim, CEO of LG Energy Solution. (Photos: LG Energy Solution)LG Energy Solution has struck a contract to supply EV batteries worth an estimated some 15 trillion won to Mercedes-Benz. The deal involves an over 100GWh huge capacity. The lates…
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Korean Air struck an MOU to buy 103 next-generation, high-efficiency passenger aircraft and revealed a plan to purchase 19 reserve engines and sign a maintenance service contract at Willard InterContinental Washington in Washington DC on Aug. 26. Amo…
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