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…

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…

The Industrial Bank of Korea led by CEO Cho Joon-hee has been pushing its globalization under a strategy designed to set up a global belt in Asia and then to expand its operations to six continents by setting up operation bases in those regions.The IBK’ s major aim is to set up the bases in those k…

The Export-Import Bank of Korea announced recently that it successfully issued AUD 500 million ($510 million) in Kangaroo Bonds in Australia’s bond market. The issuance represents the largest issuance of the bond by a Korean institution. Australian dollar-denominated bond issued by foreign ins…

Korea Asset Management Co. (KAMCO) faced one of the toughest problems in 1997 on the path of its growth because it had to take care of a string of corporate bankruptcies in the wake of the Asian foreign exchange crisis, officials of the company recalled.In January of that year, the Hanbo Group went …

Korea Asset Management Co. (KAMCO) faced one of the toughest problems in 1997 on the path of its growth because it had to take care of a string of corporate bankruptcies in the wake of the Asian foreign exchange crisis, officials of the company recalled.In January of that year, the Hanbo Group went …

KDB Financial Group may make its affiliate KDB Asset Management a top hedge fund manager by offering a string of hedge fund products for domestic investors and investors in Asia and, in the long term, globally.Chairman Kang Man-soo said the KDB Financial Group will try to make KDB Asset Management a…

On Sept. 14, 2012, Standard and Poor’s Rating Services upgraded Korea’s sovereign credit rating from ‘A’ to ‘A+’. The outlook is ‘stable.’ S&P had upgraded Korea’s credit rating from ‘A-’ to ‘A’ in May 2007, where it had remained until today’s upgrade. With S&P’s credit rating…

Samsung Fire and Marine Insurance Co. has rapidly shifted its strategy from tight internal management to policies for expanding its market share due to Chairman Lee Kun-hee’s concern for its falling market share in recent years. According to financial authorities and industry sources, Samsung …