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On March 8, NongHyup Bank Jeonnam Headquarters delivers Jeonnam Education Love and Regional Sangsang Card scholarships of 1.25 billion won to the Jeonnam Future Education Foundation. Kim Dae-jung, chairman of the Jeonnam Future Education Foundation poses with Park Jong-tak, head of the NongHyup Bank…
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Chairman Kim Jong-ho of Korea Technology Finance Corp. (KOTEC) poses with KOTEC headquarters executives, general managers, and business branch chiefs across the nation during the first management strategy workshop for the year 2023 at KOTEC headquarters in Busan on Jan. 31. (Photos: KOTEC)Korea Tech…
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Chairman & President Yoon Hee-sung of the Export-Import Bank of Korea (KEXIM) poses with CEO Saad Alkhalb of Saudi Export and Import Bank after striking a deal on co-generation project financing at Saudi EXIM Bank headquarters on Jan. 18. (Photo: KEXIM) In his New Year’s message on Jan. 1,…
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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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Chairman Kown Oh-gap of HD Hyundai Group. (Photos: HD Hyundai Group)HD Hyundai Heavy Industries has decided to bring HD Hyundai Mipo (HMD) into its corporate structure fold. HD Hyundai Heavy Industries said on Aug. 27 the shipbuilder will effectively…
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Acting KPX President Kim Hong-keun. (Photos: KPX)The nation’s power demand soared to 96 GW at 6 p.m. on Aug. 25, renewing the highest-ever peak power demand one this summer, Korea Power Exchange (KPX) said. A sultry spell, which started earlier…
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Dignitaries, including President Kwon Myung-ho of Korea East-West Power Co. (EWP), Gyeongsangbuk-do Vice gov. Yang Kum-hee and Acting Yeongju Mayor Yoo Jeong-geun, participate in a deal on joint cooperation and investment in a 1.2 trillion won projec…
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President Kim Dong-cheol of Korea Electric Power Corp. (Photos: KEPCO)Korea Electric Power Corp. (KEPCO) and MR (Maschinenfabrik Reinhausen) of Germany joined forces to explore new global markets by utilizing the former’s Substation Equipment Diagno…
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