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President Wi Sung-baek of Korea Deposit Insurance Corp.(KDIC). (Photos: KDIC)With respect to Lime Asset Management and Optimus Asset Management Incidents, a victim compensation system is needed in order to provide compensation to financial product buyers even if their financial companies go under, s…
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Chairman and CEO Moon Sung-yu of KAMCO. “Since we started receiving applications for the Program to Support the Sale of Corporate Assets on July 17, many companies have been applying for the program,” said an official of Korea Asset Management Corp. (KAMCO) in September. The Program to Support the…
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President Yoon Jong-won of the Industrial Bank of Korea (IBK).IBK announced that it released “Daily With Card” coated with antimicrobial film on Aug. 24, the first time the technology was utilized in Korea.“The World Health Organization (WHO) announced that the COVID-19 virus survives longer on c…
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Chairman Cho Yong-byung gives a commemorative speech in a ceremony held online in honor of the 19th anniversary of Shinhan Financial Group on September 1. (Photo: Shinhan Financial Group)The Shinhan Financial Group started to preoccupy new markets to be created with a Korean version of the New Deal.…
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Chairman Yoon Jong-kyoo of KB Financial Group, nominated for a third term.KB Kookmin Bank completed the process of acquiring Bukopin Bank in Indonesia. Kookmin Bank said on Aug. 26 that it conducted a resolution at a shareholders’ meeting to buy a 67 percent stake in Bukopin Bank on Aug. 25.Therefo…
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Chairman Kim Jung-tai of Hana Financial Group (Photos: Hana Financial Group)Hana Bank said in early September that it will introduce an export credit guarantee product with the Korea Trade Insurance Corp. (K-Sure) beginning immediately to boost the export power of Korean companies suffering from the…
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Chairman Kim Kwang-soo (first from right) of NH Nonghyup Financial Group conducts an on-site inspection for emergency operations in preparation for Chuseok Holidays at the NH Integrated IT Center in Uiwang, Gyeonggi Province on Sept. 10. (Photo: NH Nonghyup Financial Group)The NH Nonghyup Financial …
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Sohn Tae-seung, chairman of the Woori Financial Group. (Photo: Woori Financial Group)Woori Financial Group has decided to implement new data projects in earnest in keeping with the government’s policy on “Korean New Deal.”The financial group is considering investing more than 200 billion won in t…
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Shinhan Bank President Jin Ok-dong. Shinhan Bank announced on Sept. 2 that it will launch an AI integration competency center (AICC) that will lead to changes in banking based on artificial intelligence (AI) and the Digital Sales Department that will revolutionize the way they sell products and serv…
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Chairman Lee Dong-gull of Korea Development Bank. (Photos: KDB)Lee Dong-gull began his second term as the 39th chairman of state-run Korea Development Bank (KDB) on Sept. 11.Since the establishment of KDB in 1954, only three chairmen succeeded in renewing their terms at KDB before Lee.Therefore, Lee…
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President Lee Jae-myung shakes hands with Chinese President Xi Jinping prior to their summit talks at the Gyeongju National Museum on Nov. 1. (Photos on the courtesy of the Presidential Office)APEC 2025 Korea, which took place over a four-day run in …
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CEO Kang Yong-seok of Korea Marine Environment Management Corp. (KOEM) poses with attendees as they participated in the “Ocean Climate Change Surveillance and Prediction Forum” at Kensington Hotel in Yeouido, Seoul, on Oct. 22.Korea Marine Environm…
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Geyongsangbuk-do Gov. Lee Cheol-woo. (Photos: Gyeongsangbuk-do)The Gyeongsangbuk-do provincial government has unveiled next year’s 14,036.3 billion won budget plan, focusing on investments in five core areas by capitalizing on the successful hosting…
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President Jung Ki-suck of the National Health Insurance Service poses for a group photo with other attendees as they participated in the “NHIS UHC Global Academy 2025” at the Oak Valley Resort in Wonju, Gangwon-do, which took place from Nov. 3 unti…
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