Economy - The Korea Times

Best foreign exchange provider in Korea

KEB Hana Bank London branch head Park Chan-beom, right, holds a plaque with British financial magazine Global Finance executive Richard Scholtz during an award event for the “2019 Best Foreign Exchange Provider in Korea” in London, Wednesday. The Korean lender has won the award for 18 years in a row. / Courtesy of KEB Hana Bank

Nov 14, 2018By Jhoo Dong-chan

New young chair

Lim Dong-joon, senior manager of the Export-Import Bank of Korea (Eximbank), right, shakes hands with Leah Gilbert-Morris, former chairwoman of the OECD Export Credit Environmental Practitioners, ahead of a conference on export credits in Paris, France, Nov. 13. The 39-year-old Lim will succeed Gilbert-Morris as the new chairman to promote the environment via export financing. Courtesy of Eximbank

Nov 14, 2018

Checking out small biz

Shinhan Bank CEO Wi Sung-ho, left, visits headquarters of Daejoo Heavy, a small logistics company based in Incheon, Wednesday. Wi met with his company's corporate customer to hear about the company's difficulties amid an economic slowdown. Courtesy of Shinhan Bank

Nov 14, 2018

Joint partnership

Shinhan Financial Group Chairman Cho Yong-byoung, left, and SK Group Chairman Chey Tae-won hold a memorandum of understanding for joint partnership at SK Group headquarters in Seoul, Nov. 13. Under the agreement, the two groups will launch a private equity fund worth 20 billion won to be invested in social enterprises. Courtesy of Shinhan Financial Group

Nov 13, 2018By Lee Kyung-min

For elderly living alone

Korea Federation of Banks Chairman Kim Tae-young, right, delivers a donation worth 300 million won to a welfare center for the elderly living alone in Seoul, Tuesday. The donation will be used to purchase and provide beds, pillows and blankets for 5,300 senior citizens. Courtesy of Korea Federation of Banks

Nov 13, 2018

Helping education in Indonesia

Industrial Bank of Korea (IBK) Deputy CEO Im Sang-hyun, fifth from right in the second row, and Deputy Indonesian Ambassador to South Korea Siti Sofia Sudarma, sixth from left in the same row, hold a certificate worth 330 million won ($330,000) given by the IBK to Indonesia to help improve education in the Southeast Asian country, at a ceremony to launch the lender's global volunteer group at the bank's headquarters in Seoul, Oct. 12. Courtesy of IBK

Nov 12, 2018By Lee Kyung-min

Sharing experience in risk management

Cho Jae-hee, second from left, managing director of risk management at Shinhan Bank, poses with Nguyen Kim Anh, third from left, deputy governor of the State Bank of Vietnam at a conference on risk in Hanoi, Nov. 8. Shinhan officials participated in the conference to share their knowhow in the management of risk ahead of the implementation of the Basel enhanced capital risk assessment. Courtesy of Shinhan Bank

Nov 12, 2018

Gas price drop

A woman walks past a sign that shows the price of gasoline and diesel in front of a gas station in Seoul, Sunday. According to Opinet, a website providing oil price charts run by Korea National Oil Corp., the price of refined fuel products has dropped in the first week of November, snapping a 19-week rising streak. The average gasoline price per liter sold that week stood at 1,660.4 won ($1.47), 29.7 won lower than the week before. The drop came about a week after the government implemented measures to cut fuel tax over the next six months. Yonhap

Nov 11, 2018By Lee Kyung-min

Shinhan Bank supports working-class people

Shinhan Bank executive Ahn Hyo-yeol, third from left, holds a plaque with customers who introduced their stories of financial recovery thanks to the lender's special loan program for working-class people at Shinhan Bank's head office in Seoul, Friday. / Courtesy of Shinhan Bank

Nov 9, 2018By Jhoo Dong-chan

Shinhan Bank supports working-class people

For farmers, low-income earners

Shinhan Financial Group Chairman Cho Yong-byoung, left, holds up an agreement to provide agricultural goods to low-income households in front of Shinhan Bank in Seoul, Thursday. Employees from the group and its subsidiaries such as bank, credit card and securities units opened a pop-up market to promote and sell farmers' agricultural products. Courtesy of Shinhan Financial Group

Nov 8, 2018

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