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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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Lee Seok-yong, CEO of NH NongHyup Bank, checks business operations by overseas markets and has a communication time with employees in a video conference at NongHyup Bank’s headquarters on Feb. 8. (Photo: NH NongHyup Bank)Lee Seok-yong, president of NongHyup Bank, announced on Jan. 18 that NongHyup …
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Deputy Prime Minister-Minister Bae Kyung-hoon of the Ministry of Science and ICT (MSIT), Vice Minister Lee Ho-hyun of the Ministry of Climate, Energy and Environment (MCEE), Chmn. Choi Won-ho of the Nuclear Safety and Security Commission (NSSC), Chmn…
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President Lee Jae-myung poses with heads of state and organizations at a meeting of the annual Group of 20 (G20) leaders’ summit in South Africa on Nov. 22. (Photos on the courtesy of the Presidential Office)President Lee Jae-myung returned home fro…
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President Lee Hag-jae of Incheon International Airport Corp. (IIAC) poses with President Omar N. Al-Midani of Vision Invest after they struck a contract on the operational service of Tashkent Airport in Uzbekistan on Oct. 14. (Photos: IIAC)Incheon In…
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President Kim Dae-ja of the Korea Agency for Technology and Standards (KATS), Chmn. Moon Dong-min of the Korean Standards Association and prize winners pose at the 51st National Quality Management Convention at COEX in Seoul on Nov. 19. (Photo: MOTIR…
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