Samsung Fire and Marine Insurance Co. posted 840.9 billion won in net profit for 2016, an increase of 7.4 percent year-on-year, and for the first time the company’s annual net profit surpassed 800 billion won, the company said on March 15. In announcing its 2016 performance results, the non-life …

President Kim Chang-soo of Samsung Life Insurance Co. named to serve another term recently. (Photo: Samsung Life) President Kim Chang-soo of Samsung Life Insurance Co. has won the Board of Directors recommendation to serve another term, pending the shareholders’ approval when they meet later this …

Korea Development Bank Head of Project Finance Lim Maeng-ho holds a copy of an MOU on business cooperation signed with the Palaszczuk Gov’t of Queensland, Australia, with Deputy Premier  and Minister for Trade and Investment Jackie Trad at a signing ceremony held at KDB head office in Seoul Ma…

President Lim Young-jin of Shinhan Card. (Photos: SFG)Vice President Kim Hyun-jin of Shinhan FG. Wi Sung-ho and Lim Young-jin began their duties as the new chief executives of Shinhan Bank and Shinhan Card, respectively, upon confirmation by shareholders on the same day. Lim, vice president at Shin…

Chairman Moon Chang-yong of Korea Asset Management Corp.(Photo: Kamco) The ship financing unit of South Korean finance house Korea Asset Management Corporation (KAMCO) has introduced a new $85.7 million ship financing scheme.  KAMCO Ship Investment Management Corporation, in collaboration wit…

Chairman Han Dong-woo of Shinhan Financial Group. Shinhan Financial Group's net profit surpassed 2 trillion won for the second year in a row, the company said recently. The group posted 2.37 trillion won ($1.91 billion) in net profit last year, up 14 percent from 2.08 trillion won the year before. …

Chairman Yoon Jong-kyoo of KB Financial Group. KB Financial Group’s saw its share price outstrip its rival Shinhan Financial Group in January for the first time in four years. KB Financial’s shares jumped 2.66 percent as of the close on Jan. 25 to 46,300 won per share, an astounding rise of 56.2 …

Chairman Kim Jung-tae of Hana Financial Group. Hana Financial Group posted 1.345 trillion won in net profit in 2016, up nearly 50 percent year-on-year, the group said on Jan. 24. It’s the largest net profit since Hana Bank merged with Korea Exchange Bank in 2012. Officials of the group attributed…

Chairman Kim Yong-hwan of NH Financial Group shakes hands with a staff as he visits the NH  Investment and Securities Co. head office with President Kim Won-kyu of the securities affiliate of the group behind him.(Photo: NH Financial Group) NH Bank erased the deficit it incurred in 2015 and hi…