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Economy/Finance
President Lee Kwang-goo of Woori Bank. President Lee Kwang-goo of Woori Bank has been recommended as the first president of the privatized Woori Bank by the Woori Bank President Recommendation Committee. The president-nominee will officially take over the office for two years as soon as shareholde¡¦
President Kim Do-jin of Industrial Bank of Korea.(Photo: IBK) The Industrial Bank of Korea (IBK) logged consolidated net profit of 1.164,6 trillion won in 2016, up 1.6 percent YoY, which includes those of IBK Capital and IBK Investment and Securities.  IBK posted its own net profit of 1.267 t¡¦
KB Card CEO Yoon Woong-won. KB Kookmin Card Co. introduced a blockchain-based personal authentication system for its bank service users from November last year, becoming the first Korean financial institution to adopt such a simplified, but more secure mobile payment verification system in Korea. ¡¦
President Kim Won-kyu of NH Investment and Securities Co,(Photos:NHIS) NH Investment and Securities Co. has decided to push the Mirae Asset Rogers Commodity Index Fund, which is focused on investments in industrial raw materials, including energy, minerals and farm produce. Experts are now counting¡¦
Chairman Hwang Young-key of the Korea Financial Investment Association. Chairman Hwang Young-key of the Korea Financial Investment Association (KOFIA) said there are some financial regulations that the securities firms find very restrictive for their operations, and thus, need to be reformed. On t¡¦
President Chun Byong-jo of KB Securities. KB Securities Co. will strengthen its PEF operation in the new year by setting up a fund and establishing a team to take charge of its operation. According to IB sources, the securities firm may consider setting up a PEF as large as as 300 billion won to b¡¦
President Kang Dae-sok of Shinhan Investment and Securities. (Photo: Shinhan I&S) Shinhan Investment and Securities Co. won the 2017 Maekyung Gold Securities Award for having the largest number of products in the mid-level earnings range and for its outstanding performance ratings for empl¡¦
Chairman Shin Chang-jae of Kyobo Life Insurance Co. (Photos: Kyobo Life Insurance) Korea's No. 3 life insurer, Kyobo Life Insurance, is participating in early bidding for ING Life Korea. According to a Kyobo official, the company submitted a letter of investment intent to Morgan Stanley, which is ¡¦
President Ryu Sang-ho of Korea Investment and Securities Co. The securities firm pays $170 million for the building joining the rush by the Korean brokerage firms to invest in real estate and infrastructure abroad to make up for slowdown in equity market at home Korea Investment & Securities C¡¦
President Cho Yong-byung of Shinhan Bank poses with Chairman Yim Jong-yong of the Financial Services Commission after receiving the 2016 Dasan Financial Award in the banking sector. (Photo: Shinhan Bank) President Cho Yong-byung of Shinhan Bank has been nominated to succeed the retiring Chairman Ha¡¦
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Business/Company
Chairman Lee Jae-yong of Samsung Electronics. (Photo: Samsung Electronics)Samsung Electronics surpassed the milestone of exceeded 20 trillion won in the fourth quarter, the best-ever quarterly figure. It represents a new record for Korean companies.&¡¦
Chairman Shin Dong-bin of Lotte Group. (Photo: Lotte Group)In a New Year¡¯s message delivered to executives and staff on Jan. 2, Lotte Group Chmn. Shin Dong-bin said, ¡°Let¡¯s make a new history together based on growth and innovation.¡± Chmn. S¡¦
KCCI Chmn. Chey Tae-won delivers a welcoming speech at a New Year¡¯s greeting meeting for business leaders on Jan. 2 (Photos: KCCI)Greeting the New Year, business leaders converged to share their resolve and determination to help the national economy¡¦
Executive Chair Chung Eui-sun of Hyundai Motor Group talks with Vice Chmn. Jang Jae-hoon, President Sung Kim, Senior Executive Vice President Kim Hae-in, Kia Motors President Song Ho-sung and Hyundai Mobis President Lee Gyu-suk at the 2026 HMG New Ye¡¦


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