A Hana Bank official promotes the Western Union Automatic Remittance as part of a service Hana Bank and Western Union have agreed to offer.  Hana Bank announced that it has launched the Hana-Western Union Remittance Service under an agreement with Western Union, a well-known U.S remittanc…

Chairman Lim Jong-ryong of NH Financial Group. With the takeover of Woori Investment and Securities Co., NH Financial Group will rank fourth in terms of assets among financial groups in Korea. The financial group was named the priority bidder in an open bidding for the securities firm last Decemb…

Chairman Lee Soon-woo of Woori Financial Group Woori Bank shares may be sold off to as many bidders as there are in an open bidding as recommended by the Korea Financial Research Institute. The institute held a policy discussion at the Korea Banker’s Building in Seoul on the best way to privatize…

President Kim Han-jo of Korea Exchange Bank. “The buck stops here,” was written on a signboard and placed on the desk of late U.S. President Harry Truman in the Oval Office at the White House when he was the Chief Executive. He was the U.S. president who ordered the drop of nuclear bombs over Hir…

A slew of dignitaries is seen at a ceremony to open the gold trading market at Korea Exchange (KRX) on March 24 led by Chairman Shin Je-yoon of Financial Services Commission and KRX Chairman & CEO Choi Kyung-soo, among them. (Photo: KRX) Korea Exchange (KRX) opened its gold tradi…

President Kim Ki-bum of KDB Daewoo Securities Co. KDB Daewoo Securities Co. announc-ed on April 2 that it will soon launch a new securities product called, “Installment Savings Fund-type RP” with half of the fund to be invested in RP projected to earn around 4 percent per year. Any individual cu…

A scene from employees of Mirae Asset Life Insurance Co. at the launching the life insurer’s new insurance product named, “True Difference.”  Mirae Asset Life Insurance Co., the well-known planner for post-retirement life, launched its new variable installment life insurance product “…

Chairman Lim Young-rok of KB Financial Group.(Photo:KB Financial:article by SK Lee)KB Financial Group posted a net profit of 1.283 trillion won in 2013 with total earnings of 225.97 billion won in the 4th quarter, down 25.9 percent from the preceding quarter due mostly to the reduced interest margin…

Chairman Han Dong-woo of Shinhan Financial Group.(Photo:Shinhan Financial Group:article by SKLee)Shinhan Financial Group Chairman Han Dong-woo announced the group’s 2013 operational results on Feb. 11 with net profit coming to 1.903 trillion won and a fourth quarter net profit of 343.3 billion won …