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Mirae Asset Global Investments Co. ranks second in the Korean exchange traded fund (ETF) market in terms of net assets, which currently stand at roughly 2 trillion won, accounting for 15 percent of the market. The company boasts of diverse “TIGER ETF” product portfolios. In Korea, 15 asset ma…
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Exchanged-traded fund, or ETF, is considered one of the most innovative financial products in the 21st century because it enables the efficient investment achievable through low costs. Samsung Asset Management has emerged as the representative ETF provider in Korea since it introduced the first ETF,…
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Korean Re’s photo exhibition at the Korean Re Gallery in downtown Seoul displays memorable moments of its 24-member expedition team’s recent successful scaling of Mt. Everest-Kala Patthar. The photos were taken by photographer Lee Han-gu, recognized for having photographed more than 1,000 villages…
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Korean Re, headed by CEO Park Jong-won, has been named the 10th largest reinsurer in the world by S&P, up 2 ranks in 2011, and has been the largest in Asia in terms of insurance funds since 2002, the reinsurance firm said recently.The company said the upgraded position means that its Vision 2020…
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President Choi Ki-ui of KB Kookmin Card Co. is known for his tremendous business acumen. His dogged refusal to cut fees on the company’s credit cards for country clubs from 2 percent to 1.5 percent, while other credit card firms agreed to the cut, is an outstanding example of his way of doing busin…
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Larry Summers, professor at Harvard University in Boston, the United States, and a former U.S. Treasury Secretary, urged the state wealth funds including the National Pension Service (NPS) to do their utmost to help end the economic crisis.At the Global Conference hosted on Sept. 17 by the NPS to co…
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South Korea and the World Bank signed an MOU to cooperate in many international financial sectors and to open a World Bank office in either Seoul or Incheon next year. In the MOU signed by Minister Bahk Jae-wan of the Ministry of Strategy and Finance and President Jim Yong Kim of the World Bank…
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Woori Financial Co. warned that household debts have grown so big that many borrowers are facing default on some of their loans as concerned banks have made their borrowing conditions more difficult for home loan borrowers.Many young people are turning to capital loan companies for loans on credit a…
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Hanwha Securities and Hanwha Investment Securities merged to be reborn as Hanwha Investment and Securities in order to act as an investment banking affiliate for the Hanwha Group and as a top-tier securities firm to more powerfully climb the ladder of greater challenges ahead. The newly-merged …
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The life insurance industry has kicked off its social service activities with the Life Insurance Social Service Committee presenting 12 cars to social welfare institutions at a ceremony held at Han River Park in Yeouido, Seoul, on July 17, the Korea Life Insurance Association (KLIA) said recently.Ch…
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Artist Chang Woo-soon.Artist Chang Woo-soon is holding her solo exhibition, titled “The Heaven is Like Children,” at The Flux Gallery in Jongno-gu, Seoul, from Apr. 1 to Apr. 6. Artist Chang says that “little birds are bowing down under the b…
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CEO Choi Sung-hyun of Gangwon Tourism Organization (GTO).Gangwon State and Gangwon Tourism Organization (GTO) have been embarking on the “Gangwon Tourism Accommodations Sales Festa” on the occasion of “Visit Gangwon Year 2025-2026” in cooperation…
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President Baig Hyeon of Incheon Tourism Organization (ITO). (Photos: ITO)A whole view of an exhibition hall at an event of releasing BYD EVs to the public, hosted by Incheon Tourism Organization from Jan. 19 to Feb. 2.The Incheon Tourism Organization…
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A night view of the SeoulDal, a helium balloon ride, which made its debut as a night tour landmarking Yeouido. (Photo: SMG)Stats showed that the number of inbound tourists visiting Seoul, the nation’s biggest MICE market, was restored to pre-Covid p…
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