Banking & Finance

AXA General Insurance nominates new CEO candidate

AXA General Insurance announced Thursday that it has nominated Hans Vraken as its new CEO.

Mar 21, 2024By Anna J. Park

AXA General Insurance nominates new CEO candidate

OK Savings Bank becomes largest shareholder of DGB Financial

Market attention is now drawn on what lies behind OK Savings Bank's surprise emergence as the largest shareholder of DGB Financial Group.

Mar 21, 2024By Anna J. Park

OK Savings Bank becomes largest shareholder of DGB Financial

Woori Bank opens center for foreign direct investment

Woori Bank has opened the Global Investment WON Center, dedicated to foreign direct investment.

Mar 21, 2024By Yoon Ja-young

Woori Bank opens center for foreign direct investment

KB nurtures women leaders with WE STAR Mentoring Program

KB Financial Group CEO Yang Jong-hee, center, poses with participants of the WE STAR Mentoring Program at KB Kookmin Bank headquarters in Seoul, Tuesday. Standing on the left is Oh Jin-suk, head of a department at KB Insurance, representing the mentees in the program. On the right is Lee Jae-ock, a senior managing director at KB Securities, representing the mentors. KB Financial Group held an orientation for the program aimed at strengthening the leadership capabilities of women branch managers. In this program, experienced executives serve as mentors, sharing the essential leadership skills and expertise the company requires. Yang emphasized the importance of women's leadership for corporate innovation and development, expressing hopes that they will play a proactive role in the group's management. Courtesy of KB Financial Group

Mar 21, 2024By Lee Yeon-woo

KB nurtures women leaders with WE STAR Mentoring Program

More Koreans opt to receive pension early

Mar 21, 2024By Yi Whan-woo

Woori Bank to discuss proactive compensation for HK-tied ELS losses

Woori Bank is expected to proactively compensate investors who have suffered financial losses from equity-linked securities (ELS) tied to the performance of the Hang Seng China Enterprises Index, marking a first in the banking industry.

Mar 20, 2024By Lee Yeon-woo

Woori Bank to discuss proactive compensation for HK-tied ELS losses

Indefinite extension of fuel tax cut raises concerns

The possibility of extending a years-long fuel tax cut is raising questions about its effectiveness in easing the economic burden on households, as the government intended.

Mar 20, 2024By Yi Whan-woo

Indefinite extension of fuel tax cut raises concerns

Woori Multicultural Scholarship Foundation to benefit 800 students

The Woori Multicultural Scholarship Foundation, operated by Woori Financial Group, announced that it is recruiting scholarship recipients for 2024.

Mar 20, 2024By Yoon Ja-young

Woori Multicultural Scholarship Foundation to benefit 800 students

Old apartments losing merit as lucrative investment properties

In Korea, old apartment buildings in densely populated areas, particularly in Seoul, have been a lucrative investment property as their values surge when they are rebuilt.