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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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Chairman Yoon Jong-kyoo of KB Financial Group. (Photo: KB Financial Group)KB Financial Group will acquire Prudential Life Insurance’s Korean unit. The financial group held a board of directors’ meeting on April 10 and approved its acquisition. KB Financial Group struck a sales and purchase agreeme…
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Hana Financial Group Chairman Kim Jung-tai, Hana President Ji Sung-kyu and Hana Card President Jang Kyung-hoon attend an emergency meeting of CEOs of the group’s subsidiaries on March 2 to discuss ways of providing financial support to small businesses, buffeted by the spread of COVID-19. (Photos: …
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Woori Financial Group Chairman Sohn Tae-seung, Woori Bank President Kwon Kwang-seok tours the bank’s South Gate branch in Seoul and listens to voices of merchants grappling to cope with hardships, caused by the spread of COVID-19. (Photo: Woori Financial Group)Chairman Sohn Tae-seung of Woori Finan…
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Chairman Kim Gwang-soo of NongHyup Financial Group. (Photo: NongHyup Financial Group) Under the stewardship of Chairman Kim Gwang-soo, now in reelection term, NongHyup Financial Group is stepping on the gas to expand its business turf abroad, with the goal of posting 160 billion won in annual net pr…
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Minister of Trade, Industry and Energy Ahn Duk-geun delivers a commemorative speech at a ceremony to celebrate the 17th anniversary of Semiconductor Day at Grand InterContinental Hotel Seoul Parnas in Gangnam-gu, Seoul, on Nov. 22. A ceremony to…
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Dignitaries, including First Vice Minister Jang Young-jin of the Ministry of Trade, Industry and Energy (MOTIE) and Co-Chairman Kang Sung-hyun of the Joint Promotion Committee of Korea sale FESTA 2023, pose for a photo at an opening ceremony for the …
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Notables, including Minister Nam Sung-hyun of Korea Forest Service (KFS) and Rep. Hong Moon-pyo of the People Power Party, Chairman So Byung-hoon of the National Assembly Agriculture, Food, Rural Affairs, Ocean and Fisheries Committee, attend a cerem…
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An image to publicize Smart GEO Expo 2023, to be held at KINTEX in Goyang, north of Seoul, from Nov. 8 to Nov. 10. (Photos: MOLIT)Celebrating the 15th anniversary, Smart GEO Expo 2023 will be held at KINTEX in Goyang, north of Seoul, from Nov. 8 to N…
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