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President Ji Sung-kyu of KEB Hana Bank.KEB Hana Bank took a 15 percent stake in BIDV, the state-owned and largest commercial bank in Vietnam, for over 1 trillion won, showing its bona-fide strategy to boost its overseas operation.The bank announced on July 22 its move to acquire the stake in the lar…
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An ad for Korea Exchange Gold Spot Market. (Photo: KRX)Gold futures, which have been traded on the Korea Exchange since March 2014, recently hit an all-time high, while transaction volume continues to grow.The recent global gold frenzy may have started in Korea. The spark was Bank of Korea Gov. Lee …
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Financial Services Commission Chairman Choi Jong-ku and commercial bank presidents hold an agreement on jeonse and monthly rent loans tailored to meet youth’s need after signing it at the Korea Federation of Banks building in downtown Seoul on May 22. (Photo: FSC)Korea Housing-Finance Corp. (HF) is…
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Chairman Moon Chang-yong of Korea Asset Management Corp.(KAMCO). (Photo: KAMCO)Korea Asset Management Corporation (KAMCO) will look at revising the KAMCO Act so it can actively assist troubled but viable small- and medium-sized enterprises (SMEs). It plans to do that by normalizing their business th…
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Chairman Yoon Jong-kyoo of KB Financial GroupKB Financial Group reported its best-ever quarterly net income for the April-June period, largely supported by recovery of bad debts.The holding company, in a regulatory filing on July 18, said its net profit in the second quarter jumped 17.2 percent on q…
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Chairman Sohn Tae-seung of Woori Financial Group. (Photos: WFG)Woori Financial Group said July 22 that it recorded a net profit of nearly 1.18 trillion won ($1.53 billion) for the first half of the year, marking a new high. Second-quarter net income increased 7.6 percent on-quarter to 610.3 billion …
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Chairman Kim Gwang-soo of NH Financial Group. (Photo: NHFG) NongHyup Financial Group Inc. reported a net profit of 564.4 billion won ($476.6 million) in the second quarter, surging 30.4 percent from the previous three months thanks to solid earnings from its major lending unit.Net profit in the firs…
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President Kim Do-jin of Industrial Bank of Korea, delivers his congratulatory speech at the bank’s 58th anniversary ceremony held on Aug.1 at the bank’s head office in Euljiro, downtown Seoul.The Industrial Bank of Korea (IBK) celebrated its 58th anniversary this year by launching a digital servic…
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Chairman Lee Dong-gull of Korea Development Bank.(Photo: KDB)South Korean state lenders will put up 5 trillion won ($4.1 billion) in a government-sponsored fund to finance mergers and acquisitions to raise competitiveness and resilience of Korea Inc. against outside risk factors, such as trade barri…
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President Lee Dae-hoon of NH BankNH Bank has set up a special loan fund under the name of “NH Business Success Loan,” amounting to 3 trillion won, to be provided to companies sustain damages from the Japan’s unilateral trade sanctions against Korea.The bank announced on Aug. 12 that it will give …
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Officials with HD Hyundai Oilbank test the cooling lubricant of a liquid immersion cooling facility and server. (Photo: HD Hyundai Oilbank)HD Hyundai Oilbank said the company will supply “XTeer E-Cooling Fluid,” a liquid immersion cooling product, …
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President Park Sang-hyung of KEPCO KDN and Gwangju Mayor Kang Ki-jeong participate in a ceremony to strike an MOU on the application of advanced energy ICT solutions at Gwangju City Hall. (Photo: KEPCO KDN)KEPCO KDN is leading the construction of a s…
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Chairman Koo Ja-eun of LS Group. (Photos: LS Group)LS Group’s energy and mobility subsidiaries demonstrated future strategy business capabilities by participating in InterBattery 2025, which took place at COEX in Seoul from March 5 to March 7. …
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President Jeong Chang-jin of KEPCO Nuclear Fuel (KEPCO NF) shakes hands with President Kim bo-hyun of Daewoo E&C as the companies struck an MOU to ramp up their joint nuclear power business development and technology cooperation at Daewoo E&C…
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