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he Industrial Bank of Korea (IBK) conducted a large-scale personnel reshuffle at the top on July 12 involving 1,600 of its officers and staff including the promotion of a former chauffeur to a branch manager in another one of the surprising and tradition-breaking personnel moves by President Cho Jun…
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rue to his reputation as a leading proponent of overseas advancement by Korean financial institutions, Chairman Lee Pal-seung of the Woori Financial Group has led the group in its take over of a partial stake in the Saudara Bank in Indonesia to become the second largest shareholder.The group could h…
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Shinhan Financial Group plans to hold finance and economy classes for people in various sectors of society as part of its social services, the group announced on June 25.The group said it will provide the financial education free of charge to various classes of people in the country in answer to cal…
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The staff at the Small & Medium Enterprises Department of the Korea Finance Corporation (KoFC) have their hands full with the work to flesh out on-landing loans, a new and advanced financial scheme introduced by KoFC to provide capital to the nation’s SME sector, which has technological prowess…
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Chairman & CEO Chang Young-chul of Korea Asset Management Corp. said the applications for replacement loans have been piling up sky high and KAMCO has been busy setting up an Internet Window for accepting the loan applications starting in July.KAMCO, which has already celebrated its half century…
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'Roses Given to Koh So-young When Confessing Love'rofessor Ahn Jong-bae's professional book on contents marketing , “Contents Marketing” is a story-telling marketing, showing the features of examples of the contents industry and contents marketing in 13 genres such as tourism, movies, and ga…
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Chairman Jun Kwang-woo of the National Pension Service (NPS) said NPS might invest in Korean-type hedge funds to invigorate the hedge fund market in Korea at an international forum on Korea-type hedge funds and new challenge and opportunities held at the Westin-Chosun Hotel on June 14.The NPS CEO sa…
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The Korea Financial Investment Association (KOFIA) and KOTRA signed an MOU on May 16 at the JW Marriot Hotel in downtown Seoul to speed up the globalization of Korean financial investment firms as well as cross-border M&As for Korean SMEs abroad, the two business associations said recently.The t…
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Chairman Kim Jung-tae of Hana Financial Group made clear that the Korea Exchange Bank (KEB) will be a member of Hana Financial Group and, therefore, the group will meddle in its management as a holding company would with any affiliate of the group.Chairman Kim’s statement is designed to clear up a …
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Woori Financial Group’s total financial assets amounted to 403 trillion won at the end of the first quarter this year, exceeding the 400 trillion won level for the first time among all financial groups in Korea, solidifying its position as the nation’s largest, the group said recently.The group sa…
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한국해운협회(회장 박정석)는 9월 12일(금) 여의도 해운빌딩에서 해양수산부 전재수 장관과 한국해운협회 회장단 간 간담회를 개최하고 해운업계 주요 현안에 대해 논의했다.해양수산부 전재수 장관은 “북극항로 시범운항 및 상업항로화 그리고 해양수도권 완성을 위해…
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Chmn. Lee Jay-hyun of CJ Group, a member of an economic delegation who accompanied President Lee Jae-myung on a Korea-U.S. summit, poses with other delegates prior to the “Korea-U.S. Business Roundtable” at Willard InterContinental Washington in Wa…
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David Kim, CEO of LG Energy Solution. (Photos: LG Energy Solution)LG Energy Solution has struck a contract to supply EV batteries worth an estimated some 15 trillion won to Mercedes-Benz. The deal involves an over 100GWh huge capacity. The lates…
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Korean Air struck an MOU to buy 103 next-generation, high-efficiency passenger aircraft and revealed a plan to purchase 19 reserve engines and sign a maintenance service contract at Willard InterContinental Washington in Washington DC on Aug. 26. Amo…
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