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President Yoon Dae-hee of Korea Credit Guarantee Fund (Kodit). (Photos: Kodit)Korea Credit Guarantee Fund (Kodit) is set to provide 46.750 trillion won in credit guarantees this year, up 1.75 trillion won more than what it provided in the preceding year. As of Aug. 31, Kodit is ready to issue 46.589…
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President Choi Hee-nam of Korea Investment Corporation shakes hands with Australian Minister for Trade, Tourism and Investment Simon Birmingham at KIC headquarters on Aug. 5. (Photos: KIC)Korea’s sovereign wealth fund, Korea Investment Corporation (KIC), indicated it could invest in Saudi Arabia’s…
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Chairman Cho Yong-byeong of Shihan Financial Group. (Photo: SFG)Shinhan Financial Group Co., a major South Korean banking group, said Oct. 25 its net profit rose 15.8 percent in the third quarter from a year earlier, boosted by rising income from non-banking businesses.Third-quarter net profit stood…
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Chairman Yoon Jong-kyoo of KB Financial Group. (Photo: KBFG)KB Financial Group posted 940.3 billion won in 3rd quarter profit, beating estimates by about 2 percent as a result of management’s policy to focus on profitable operations and asset management, the financial group said on Oct. 24.The fina…
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Chairman Kim Jung-tai of Hana Financial Group. (Photos: HFG)Hana and Financial Group earned 2,040.4 billion won in cumulative net profit for the first three quarters of this year on a consolidated basis. The figure represented a rise of 148.3 billion won, or a 7.8 percent increase, over the same per…
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Chairman Kim Gwang-soo of NH Financial Group. (Photo: NHFG)NH Financial Group announced recently that its net profit for the first three quarters this year amounted to 1.393,7 trillion won, up 29.4 percent from the year earlier.The financial group attributed the outstanding accumulated net profit im…
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Chairman Sohn Tae-seung of Woori Financial Group. (Photo: WFG)Woori Financial Group said on Oct. 29 that its net profit for the first three quarters of 2019 came to 1.665,7 trillion won, the largest in its history, excluding one-time profits, up 12.5 percent year-on-year. The group said credit for t…
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Chairman Park Hyeon-joo of Mirae Asset Group. (Photo: Mirae Asset)Mirae Asset Daewoo has been cruising with its new window, the One Asia Equity. Its Hong Kong subsidiary handled the business firm’s move to join the Nasdaq market as co-manager, and also successfully managed to have the company trade…
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President Jung Il-moon of Korea Investment and Securities Co. (Photo: KIS)Korea Investment & Securities is quickly becoming Asia’s leading investment bank, as it increases its presence in major global markets while securing a stable profit model.The Korean securities firm has been pursuing a tw…
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President Won Gee-chan of Samsung Card.Samsung Card Co. on Friday reported its third-quarter net income of 90.8 billion won (US$ 78.4 million), up 12.5 percent from a year earlier.The company said in a regulatory filing that it posted 120.1 billion won in operating profit for the quarter, compared w…
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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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