Woori Bank President Lee Soon-woo and his staff pay homage at the Hongnyu Royal Tomb, which is on the list of UNESCO World Heritage sites, in Namyangju, Gyeonggi-do, in which Emperor Gojong and his son and King Yeongchin, who served as the founder and the first president of the predecessor of Woori …

(from left) Export-Import Bank of Korea Chairman Kim Yong-hwan. Executive Director Nam Ki-sup,; Managing Director Sul Young-hwan,; and  Vice President Minh Heung-shik are among those who got promotions in the latest reshuffle.The Export and Import Bank of Korea projects the global economic…

President Cho Joon-hee of the Industrial Bank of Korea.The Industrial Bank of Korea (IBK) has cut the upper limit on its housing and SME loan interest rate by one percentage point to 9.5 percent per year from this year and has suspended the penalty interest rate system this year for the first time i…

Chairman Chang Young-chul of Korea Asset Management Corp.The Korea Asset Management Corp. (KAMCO) completed its 15-year program to recover defaulted assets at a rate of 119 percent, the top level in the world, leaving an enviable mark on the nation’s economic history.The company also built an excel…

KDB Financial Group Chairman Kang Man-soo gives a speech at a NewYear's meeting to celebrate the start of the 2013 business year. The Korea Development Bank (KDB) projects 2013 will be another slow year for its operations due to the continuing economic slumps both globally and domestically and …

Chairman Park Byung-won of the Korea Federation of Banks.Chairman Park Byung-won of the Korea Federation of Banks (KFB) said in his New Year’s message that the past five years have been a period of huge achievements by banks across the country with the major achievement being overcoming the financi…

President Seo Jong-dae of Korea Housing Finance Corp.Korea Housing Finance Corp. (KHFC), headed by President Seo Jong-dae, recorded a top year last year in terms of its operation since its start in 2004, despite the difficult management environment, the company reported in outlining its op…

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…