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President Kim Seong-tae of Industrial Bank of Korea (IBK). (Photo: IBK)The Industrial Bank of Korea (IBK) took its first step toward advancing into Poland. By expanding the company’s base to Eastern Europe, IBK will help Korean companies there and respond to the government's policies to nurtur…
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Chairman Cho Yong-byoung of Shinhan Financial Group. (Photo: Shinhan Financial Group)Shinhan Financial Group posted a record-high net profit of 4.6423 trillion won in 2022. Its non-interest income shrank due to a drop in securities income, among other reasons, but interest income inflated by ne…
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Chairman Yoon Jong-kyu of KB Financial Group. (Photo: KB Financial Group)KB Financial Group posted its best-ever business performance for the third consecutive year in 2022, thanks to the expansion of net interest margin following a rise in interest rates. KB Financial Group decided to maintain…
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Chairman Ham Young-joo of Hana Financial Group. (Photo: Hana Financial Group)Hana Financial Group announced on Feb. 9 that it racked up net profit of 3,625.7 billion won on a consolidated basis in 2022. The figure represented a 2.8 percent increase over the previous year. Its net profit ascende…
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Former chairman Lim Jong-yong of Financial Services Commission named as chairman of Woori Financial Group. (Photo: Woori Financial Group)Woori Financial Group by increasing core profits last year and expanded business in the non-banking sector. The firm plans to pursue an active shareholder ret…
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Chairman Lee Suk-joon of NongHyup Financial Group. (Photo: NH NongHyup Financial Group)NongHyup Financial Group announced on Feb. 14 that its net profit in 2022 reached 2,230.9 billion won, down 2.7 percent from 2,291.9 billion won in the previous year.The financial group explained that the drop is …
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Shinhan Bank President-nominee Jung Sang-hyuk.Shinhan Bank is launching a loan brokerage platform that will be linked with refinancing loan infrastructure. Among the five major banks — KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank and NongHyup Bank in Korea - Shinhan Bank will be t…
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Minister of Employment and Labor Lee Jung-sik, Financial Supervisory Service Governor Lee Bok-hyun, Financial Services Commission Vice Chairman Kim So-young, KB Kookmin Bank President Lee Jae-keun, Vice Chairman Kim So-young of the Financial Services Commission, Shinhan Financial Group Chairman-nomi…
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Hana Bank wins the “Best Trade Finance Provider in Korea 2023 Prize” from Global Finance. Lee Seong-pil (center), head of the London branch of Hana Bank, poses for a photo after receiving the prize at the awards ceremony in London on Jan. 25. (Photos: Hana Bank)Hana Bank received the “Best Trade …
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Woori Bank announced on Feb. 1 that it signed a business agreement with LRQA to strengthen ESG management. Yoo Do-hyun (right), a vice president of Woori Bank poses for a photo with Lee Il-hyung, head of LRQA after inking a business agreement. (Photo: Woori Bank)Woori Bank said on Feb. 1 that it sig…
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Han Seok-won, Senior Executive Vice President and Head of Planning & Coordination Division at Hyundai Motor Group, and Lee Ju-tae, Head of Future Strategy Division at POSCO Holdings, pose at a signing ceremony for a memorandum of understanding fo…
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Chairman Lee Jay-yong of Samsung Electronics. (Photo: Samsung Electronics)Samsung Electronics announced on May 14 that it has signed an agreement to acquire all shares of FläktGroup, a leading global HVAC solutions provider, for 1.5 billion euro…
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A whole view of CJ Bio America in Fort Dodge, Iowa, the United States. (Photo: CJ CheilJedang)CJ CheilJedang has decided not to dispose of the green bio business, valued at 6 trillion won.The move may be construed by the company’s strategic decision…
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Chairman Shin Dong-won of Nongshim. (Photos: Nongshim)Nongshim held a groundbreaking ceremony for the construction of a pilot greenhouse as a center of exporting “K-Smart Farm” to the Middle East at the Riyadh National Agricultural Center in Saudi …
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