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Chairman Cho Yong-byoung of Shinhan Financial Group. (Photo: Shinhan Financial Group)Shinhan Financial Group announced on Feb. 5 that the group posted 3,414.6 billion won in net profit in 2020, and 464.4 billion won in the fourth quarter. The former climbed 0.3 percent compared to 3,403.5 billion in…
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KB Financial Group Chairman Yoon Jong-kyu. (Photo: KB Financial Group)KB Financial Group succeeded in 2020 with net income growing 4.3 percent from a year before. The financial group attributed the growth to the fact that it recorded solid profits from increased core profits and impacts from M&A…
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Chairman Kim Jung-tai of Hana Financial Group (Photo: Hana Financial Group)Hana Financial Group said in early February that it has racked up 2,637.2 billion won in net income in 2020, including 532.8 billion won in the fourth quarter on a consolidated basis. The figure was an increase of 10.3 percen…
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Chairman Sohn Tae-seung of Woori Financial Group. (Photo: Woori Financial Group)Woori Financial Group announced on Jan. 27 that it applied to be selected as an entrusted company to manage a policy-type New Deal Fund as its first project for 2021 in order to support the Korean New Deal Project of the…
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NH NongHyup Financial Group Chairman Son Byung-hwan. (Photo: NongHyup Financial Group)NH NongHyup Financial Group announced on Feb. 16 that it racked up 1,735.9 billion won in net income in 2020. Unlike other financial companies, the financial group’s net profit rises to 2,035.3 billion won if 428.…
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Hana Bank President Ji Sung-kyu. Hana Bank announced on Feb. 20 that it has succeeded in issuing mid- to long-term foreign currency bonds worth 500 million euros. The issued bond is a fixed-rate euro-denominated covered bond with five-year maturity and an annual interest rate of -0.170 percent. The …
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On February 8, Kwon Joon-hak, president of NH NongHyup Bank, encourages employees and ask for thorough security and stable operation to ensure customer satisfaction at the Yongsan Customer Happiness Center. (Photo: NH NongHyup Bank)In line with the full implementation of MyData, NH NongHyup Bank wil…
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Chairman Park Hyun-joo of Mirae Asset Daewoo. (Photo: Mirae Asset Daewoo)]Mirae Asset Daewoo announced on Jan. 28 that it racked up 1,104.7 billion won in provisional operating profit, 1,128.4 billion won in pre-tax profit and 818.3 billion won in net profit on a consolidated basis in fiscal 2020. T…
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Chairman Jeong Yoon-mo of Korea Technology Finance Corp. (KOTEC) (Photo: KOTEC)Korea Technology Finance Corporation (KOTEC) announced on Jan. 20 that it had completed the development of the AIRATE, an AI-based new technology evaluation system based on a full-scale diagnosis of the Kibo Technology Ra…
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Yoo Kwang-yeol, Chairman of the AGCIA poses for a photo in commemoration of the 2021 AGCIA Video Conference at SGI Headquarters in Seoul on January 20. (Photo: SGI)Seoul Guarantee Insurance (SGI) announced on Jan. 26 that SGI president Yoo Kwang-yeol was appointed as the new chairman of the Asia Gua…
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Nongshim CEO Jo Yong-chul makes a presentation on the success of Shin Ramyun at Lotte Hotel in Seoul on May 13. (Photos: Nongshim)Nongshim announced on May 13 that cumulative sales of Shin Ramyun, which marks its 40th anniversary this year, surpassed…
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Chairman Cho Won-tae of Hanjin Group. Korean Air has gotten a lot of “love” from financial markets, in particular for the brainchild of the merger, Chairman Cho Won-tae of Hanjin Group. The historic M&A with Asiana Airlines is evaluat…
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A view of Samsung Electronics Suwon Digital City. (Photo: Samsung Electronics)Labor and management of Samsung Electronics reached a tentative agreement on incentives at the last minute on May 20, averting a strike one and half hours before the deadli…
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Hyundai Motor Vice Chair Chang Jae-hoon (right) poses for a photo with Vice Minister of Trade, Industry and Resources Moon Shin-hak at the 23rd Automobile Day Event on May 12.Hyundai Motor Group Vice Chair Chang Jae-hoon won the Gold Tower Order of I…
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