Most countries are facing aging societies caused by decreasing birth and mortality rates and an increasing longevity of life. An aging population, nuclear families, and female economic activities make caring for old people not the problem of individuals, but a social issue, to which Korea is no exce…

Korea Exchange Bank (KEB) will once again pursue its overseas expansion policy, a strategy that was suspended for a while when Lone Star was running the bank. KEB has recently opened a branch in Abu Dhabi, the first new overseas branch in a decade.President Yun Yong-ro was joined by a number of dign…

“The history of finance is the history of takeovers, so we have to go overseas to seek opportunities to take over a foreign bank in order to grow further,” said Chairman Lee Pal-seung of Woori Financial Group.The chairman made the statement during a ceremony for 360 new employees of the group on D…

Samsung Card since its set up in 1988, has been expanding its operations so much so that the company listed its shares on the Korea Exchange in 2007 to become a leading credit card company, representing the consumer finance industry in Korea. The company draws everything from the catch words, …

President Choi Ki-ui of KB Card said, “We will try to be the top company in a business area where we can do our best,” at an interview with the media on the occasion of the company’s first anniversary in March. The credit card business area that has been the best for KB Card has been the che…

Woori-Aviva Life Insurance Co is the winner of the 2012 Korea Financial Grand Award in the life insurance sector, which is also known as the Financial Man of the Year Award. President Kim Hee-tae has often been heard uttering the Chinese phrase “ryong jon ban bo,” which means “you have to walk ha…

“An enterprise that has continued to prosper for over a century owes its public respect, not for its profit growth,” said President Song Ki-jin of Kwangju Bank (KJB), which won the Banking Sector Award of the Korea Financial Grand Award, which is also known as the Financial Man of the Year Award.C…

President Cho Joon-hee of the Industrial Bank of Korea won the Korea Financial Grand Award 2012, which is also known as the Financial Man of the Year Award, in recognition of his contribution to the financial industry.  The Financial Services Commission, the Financial Supervisory Service and th…

KB Kookmin Bank, a leading bank in Korea, has recently won the 2012 Korea Management Grand Award in the area of customer satisfaction.The management of the bank has had close contact and communication with those at the frontline of banking activities, creating such a strong bond between management a…