Financial group leaders, ruling DPK meet over Korea New Deal
Posted : 2021-01-22 17:22
Updated : 2021-01-24 10:26 From left, KB Financial Group Chairman Yoon Jong-kyu, Woori Financial Group Son Tae-seung and Kim Gwang-soo, the head of the Korea Federation of Banks (KFB) attend a meeting at KFB headquarters in central Seoul, Friday. / Yonhap
By Anna J. Park
While expressing support for the government s five-year Korea New Deal initiative, major financial groups in Korea have urged the ruling party to deregulate the country s financial markets.
Key members of the ruling party and the heads of Korea s five major financial groups ― KB, Shinhan, Woori, Hana and NH ― and other leaders of financial institutions met Friday to discuss ways to support President Moon Jae-in s Korean New Deal initiative aimed at stimulating economic growth and job creation through digital and green projects.
NH Financial nominates banking unit CEO as new chairman |
Son Byung-hwan, the incumbent NH Bank CEO and NH Financial Group CEO nominee (NH Financial)
NongHyup Financial Group has nominated Son Byung-hwan, CEO of its banking unit as the sole candidate for group chairman, officials said Tuesday.
If the nomination is approved at a shareholders’ meeting slated for the end of month, Son is set to take the top post, which has been left vacant since late last month. Former Chairman Kim Kwang-soo resigned to serve as the new chief of the Korea Federation of Banks.
Son was nominated for his expertise in digital finance as well as his leadership of the bank, which has been seeking new growth synergy between the group and agricultural communities.
Posted : 2020-12-21 16:31
Min Byung-doo Korea Times fileBy Lee Kyung-min
Former National Assembly National Policy Committee Chairman Min Byung-doo is expected to head the Korea Insurance Institute (KII), according to industry sources, Monday.
A recommendation committee at the institute is set to put the three-term lawmaker of the ruling Democratic Party of Korea (DPK) forward as a sole candidate, whose appointment will be finalized following a vote at a general meeting of the institute s member companies.
The committee is comprised of seven representatives, one each from Samsung Life, Samsung Fire & Marine, Hanwha Life, Kyobo Life, Hyundai Marine and KB Insurance, as well as Yonsei Law School professor Kim Sung-tae.
Home Care Workers, After-school Tutors to Receive 500,000 Won in COVID Relief
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A classroom of an elementary school in Seoul is vacant on March 17, 2020. (Yonhap)
SEOUL, Dec. 14 (Korea Bizwire) Around 90,000 home care workers and after-school tutors will receive 500,000 won (US$458) in coronavirus relief funds from the government in the first half of next year, the labor minister said Monday.
The payment is part of a government plan to support essential workers during the COVID-19 pandemic, Labor Minister Lee Jae-kap said during a virtual briefing from the administrative city of Sejong.
The essential workforce also includes health care workers, delivery workers and sanitation workers.