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Chairman Kim Jung-tai of Hana Financial Group (Photo: Hana Financial Group)The Hana Financial Group announced on Feb. 4 that it posted 2,408.4 billion won in annual net profit last year, up 7.35 percent year on year based on consolidated financial statements. During the same period, its sales and op…
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Chairman Sohn Tae-seung of Woori Financial Group speaks at the financial group’s management strategy meeting at Woori Financial Group headquarters in Sogong-dong, Seoul, on Jan. 12. (Photo: Woori Financial Group)Woori Financial Group, which marked the first anniversary of the establishment of a hol…
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New President Kwon Kwang-suk of Woori Bank.President Kwon Kwang-suk of Community Credit Cooperatives has been tapped as the new president of Woori Bank. Woori Bank’s selecting Kwon, who is in his 50s and is outside the bank, may be construed as the bank’s intention to begin generational change in …
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Chairman Kim Gwang-soo of NH Financial Group. (Photo: NH Financial Group)NH Nonghyup Financial Group posted a record 1,779.6 billion won in net income in 2019. Its net income was the highest since the company was founded in 2012. It is also an improvement of 46 percent from 2018’s 1,218.9 billion w…
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President Lee Dae-hoon of NH Nonghyup Bank encourages employees after checking main systems at the NH Integrated IT Center in Euiwang, Gyeonggi Province on Jan. 22.Lee Dae-hoon, head of NH Nonghyup Bank, started his third term this year. It marked the first time that a president of NH Nonghyup Bank …
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President Yoon Jong-won of the Industrial Bank of Korea gives his inauguration speech as he took office as IBK’s 26th present on Jan. 29. (Photos: IBK)“I will create an innovation-powered organization to enhance competitiveness through innovative finance and fair play-based management,” said Yoon…
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Chairman Park Hyun-joo of Mirae Asset Daewoo. (Photo: Mirae Asset Daewoo)Mirae Asset Daewoo posted record-high earnings of more than 600 billion won in 2019 thanks to an increase in profits from its overseas business and investment bank (IB) business.Mirae Asset Daewoo announced in January that it p…
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Yoon Dae-hee, chairman of the Korea Credit Guarantee Fund (fifth from left) poses for a commemorative photo with other attendees including Naoyuki Yoshino (sixth from left), dean of the Asian Development Bank Institute in a conference held under the theme of “Investment in Startups and SME Finance…
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Chairman Sohn Tae-seung of Woori Financial Group and his staffers attend a ceremony to deliver “Woori Hope Boxes” of gifts to the needy neighbors in time for the Lunar New Year holiday at Woori Bank headquarters in Sogong-ro, Seoul, on Jan. 12. (Photo: Woori Financial Group)The board of directors …
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Jin Ok-dong, president of Shinhan Bank, explains the “Win-Win Growth Evaluation System” at the 1st Quarterly Executive and General Manager Workshop held at the headquarters of Shinhan Bank in Jung-gu, Seoul on Jan. 2. Shinhan Bank announced on Jan. 21 that it will introduce the Investment Product …
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Nongshim CEO Jo Yong-chul makes a presentation on the success of Shin Ramyun at Lotte Hotel in Seoul on May 13. (Photos: Nongshim)Nongshim announced on May 13 that cumulative sales of Shin Ramyun, which marks its 40th anniversary this year, surpassed…
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Chairman Cho Won-tae of Hanjin Group. Korean Air has gotten a lot of “love” from financial markets, in particular for the brainchild of the merger, Chairman Cho Won-tae of Hanjin Group. The historic M&A with Asiana Airlines is evaluat…
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A view of Samsung Electronics Suwon Digital City. (Photo: Samsung Electronics)Labor and management of Samsung Electronics reached a tentative agreement on incentives at the last minute on May 20, averting a strike one and half hours before the deadli…
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Hyundai Motor Vice Chair Chang Jae-hoon (right) poses for a photo with Vice Minister of Trade, Industry and Resources Moon Shin-hak at the 23rd Automobile Day Event on May 12.Hyundai Motor Group Vice Chair Chang Jae-hoon won the Gold Tower Order of I…
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