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Economy/Finance
The members of the Future Development Committee of Korea Credit Guarantee Fund(Kodit) applaud at a ceremony to launch the new committee on Oct. 1 at Kodit¡¯s head office in Daegu.The Korea Credit Guarantee Fund (Kodit) held a meeting to discuss its future development plans on Oct. 1 at the Federatio¡¦
President Ryu Sang-ho of Korea Investment Securities Co.Korea Investment and Securities Co. (KIS) will go ahead with a plan to invest 450 billion won in its subsidiary in Hong Kong to boost its capital by issuing new shares in a bid to upgrade its operation as a global investment concern, the compan¡¦
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Chairman Cho Yong-byoung of Shinhan Financial Group (left) shakes hands with Vice Chairman Chung Seo-jin of Asia Trust after signing an agreement allowing Shinhan Financial Group to take over a 60 pct stake in Asia Trust. (Photo: Shinhan Financial Group)Shinhan Financial Group took over Asia Trust a¡¦
President Lee Jeong-hwan of Korea Housing Finance Corp.Korea Housing Finance Corp. revealed on May 30, 2018, that according to its survey conducted on the use of Bogeumjari Loan products from April 25 to May 24, 2018, around 63% (or 605 applications) of the 957 Bogeumjari Loan applications filed dur¡¦
Chairman Park Hyeon-joo of Mirae Asset Daewoo Securities Co. (Photo: Mirae Asset Daewoo Securities)Mirae Asset Daewoo said on Nov. 1 that it successfully issued $300 million worth of U.S. dollar-denominated bonds on Oct. 31.This is the first time a local brokerage has issued foreign currency-denomin¡¦
Chairman-designate Sohn Tae-seung of Woori Financial Group. (Photo: Woori bank)Woori Bank president Sohn Tae-seung has been appointed to lead Woori Financial Group as its chairman, when it is revived early in 2019, five years after its dissolution.Woori Bank held an interim board meeting on Nov. 8 a¡¦
Chairman Chung Ji-won of the Korea Exchange.The Korea Exchange (KRX) set up the National Welfare Foundation in 2011 to help multinational families as well as remodel the welfare facilities for senior citizens, among its diverse social service activities.The foundation provided 28.4 billion won in sc¡¦
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Industry/Energy
HD Hyundai Oil Bank supplies sustainable aviation fuel (SAF) to Korean Air¡¯s international flights to Japan. To the refinery, it is the first entry to the Korean SAF market. HD Hyundai Oil Bank said on Sept. 22 the refinery struck a contract wi¡¦
Jang Si-ho, head of KPX Jeju Headquarters poses with Suh Yong-seok, chief of KIER¡¯s Jeju Global Research Center as the two institutions struck an MOU on joint research and commercialization of new energy industries and demand management technologies¡¦
Chairman Kim Seung-youn of Hanwha Business Group. (Photos: Hanwha Group)Hanwha celebrated the 73rd anniversary on Oct. 9. In his commemorative speech, Chmn. Kim Seung-youn of Hanwha Group said, ¡°Our goal now is to be a global leader, and we hav¡¦
Chairman Kown Oh-gap of HD Hyundai Group. (Photos: HD Hyundai Group)HD Hyundai Heavy Industries has decided to bring HD Hyundai Mipo (HMD) into its corporate structure fold. HD Hyundai Heavy Industries said on Aug. 27 the shipbuilder will effectively¡¦


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