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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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Chairman Shin Dong-kyu of NH Financial Holding Co. has decided to increase the capital of its affiliates including NH Bank and NH Life Insurance by around 1.7 trillion won to boost their competitive strength. The increased funds will be invested largely in non-financial business sectors, the holding…
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Hana Bank China Ltd has been considered the most successful overseas subsidiary not only at Hana Financial Group, but also inside the Korean financial industry due mostly to its outstanding localization characteristics, financial industry sources said recently under the brilliant leadership of Chair…
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Chairman Han Dong-woo of Shinhan Financial Group said he will lead the financial group to turn around its strategy of pursuing only profits to one that will also carry out social contributions along with profits, thus “catching two rabbits at one time.”At a ceremony celebrating the group’s 11th a…
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Woori Financial Group, as a follow-up measure after the meeting of the chairmen of major financial holding companies on Aug. 21, has decided to resolve the household debt crisis, expand loans to SMEs and the financially poor as well as promote exports and investments in support of the real economy t…
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Woori Financial Group, as a follow-up measure after the meeting of the chairmen of major financial holding companies on Aug. 21, has decided to resolve the household debt crisis, expand loans to SMEs and the financially poor as well as promote exports and investments in support of the real economy t…
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The following is a summary of a written interview with Chmn. Euh Yoon-dae in which he outlines the group’ s plans and strategies for both domestic and overseas operations °™Ed.One of the biggest management objectives for KB Financial Group has been risk management, especially in the area of house…
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Chairman Lee Jae-yong of Samsung Electronics. (Photo: Samsung Electronics)Samsung Electronics surpassed the milestone of exceeded 20 trillion won in the fourth quarter, the best-ever quarterly figure. It represents a new record for Korean companies.&…
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Chairman Shin Dong-bin of Lotte Group. (Photo: Lotte Group)In a New Year’s message delivered to executives and staff on Jan. 2, Lotte Group Chmn. Shin Dong-bin said, “Let’s make a new history together based on growth and innovation.” Chmn. S…
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KCCI Chmn. Chey Tae-won delivers a welcoming speech at a New Year’s greeting meeting for business leaders on Jan. 2 (Photos: KCCI)Greeting the New Year, business leaders converged to share their resolve and determination to help the national economy…
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Executive Chair Chung Eui-sun of Hyundai Motor Group talks with Vice Chmn. Jang Jae-hoon, President Sung Kim, Senior Executive Vice President Kim Hae-in, Kia Motors President Song Ho-sung and Hyundai Mobis President Lee Gyu-suk at the 2026 HMG New Ye…
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