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Korea Life Insurance Co., which was taken over by Hanwha Group, is on the verge of changing its name to Hanwha Life Insurance Co. in the fall if the change is approved at the upcoming shareholders’ meeting, industry sources said recently.The board of the life insurance company already agreed to the…
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Samsung Life Insurance Co. introduced life insurance products that guarantee reimbursement for any sickness and accidental death until the age of 100, dubbed “Love 100 Years Guarantee Insurance,” the company said on July 10.The new life insurance policy guarantees the policyholder payment against …
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President Hwang Sung-ho of Woori Investment and Securities Co. said a blue ocean market has opened for the securities industry with the arrival of the mobile market. “We have been doing our best to provide the best service in the mobile trading system (MTS) area through the development of reformati…
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The Industrial Bank of Korea observed its 51st anniversary on Aug. 1 at a ceremony held at its head office in Euljiro, downtown Seoul, with over 400 officers and staff in attendance, led by President Cho Joon-hee. President Cho, in his congratulatory speech, said 51 years is a long time when looking…
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Hana Financial Group has successfully taken over Broadway National Bank (BNB) Financial Services Corp. run by Korean-Americans, which owns BNB Bank in New York, by securing a 71 percent stake in the holding company on July 21, the group said recently.Hana and BNB Corp. signed an agreement in New Yor…
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President Kim Sun-kyu of Korea Housing Guarantee Co., in a recent interview with NewsWorld, talked about the company’s grand plan to support the growth of the national economy by helping SMEs advance overseas as well as creating jobs in Korea. The CEO said he will steer the company to support the l…
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President Lee Kang-tae of BC Card said he will take up a campaign that will give the highest value to the company’ s employees through the convergence of finance and communication during his inaugural speech on Aug. 6 at the company’ s conference room.In his speech at the ceremony, which was rathe…
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President Kim Ki-bum of KDB Daewoo Securities Co. said he will maintain the securities firm’s tradition as a leading securities firm in Korea in his inaugural speech, recalling his return to the securities firm after a decade-long absence.The new CEO said he is thrilled to be back at his old compan…
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he Korea Exchange (KRX) will be the focus of the government’s strategy to make Korea a top financial hub in Northeast Asia, the KRX said in its strategy to globalize its operations made public recently. The KRX will export its infrastructure to Asian countries to expand its influence in Asia and to…
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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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POSCO E&C President Song Chi-young. (Photos: POSCO E&C)POSCO E&C signed a supply contract for carbon reduction equipment to be installed at POSCO’s Pohang Steelworks with ThyssenKrupp Uhde, a German engineering firm specializing in plant…
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CAK Chmn. Han Seung-goo of the Construction Association of Korea, President Lee Han-woo of Hyundai E&C, President Lee Ki-jung of Hanyang University and President Lee Chung-jae of the Korea Construction Economy Institute of Korea pose with Hanyang…
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Chairman Han Man-hee of the International Contractors Association of Korea (ICAK).Amid growing expectations that the construction industry will win Middle East reconstruction projects following the US-Iran agreement, the Overseas Construction Associa…
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Samsung C&T President and CEO Oh Se-chul and Hitachi Energy CEO Andreas Schierenbeck pose with executives following the signing of a Memorandum of Understanding to expand power grid collaboration in Europe. (Photo: Samsung C&T)Samsung C&T…
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