SeAH Holdings announced on March 5 that it was selected as one of the Most Ethical Companies in the World for 2024 by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This marks the first time a South Korean company has achieved this recognition. Sin
In the third quarter of this year, SK Group emerged as the top conglomerate in South Korea, showing the highest level of interest in “ESG management” among the country’s top ten groups. SK Group’s ESG management-related posts were the only ones to exceed 10,000, with LG Group and HD Hyundai Group fo
As financial authorities announced a one-year delay in the mandatory implementation of Environmental, Social, and Governance (ESG) disclosure, originally targeted for 2025, the business sector breathed a sigh of relief, stating that this extra time would allow them to better prepare for the regulati
LOTTE Corporation’s 2021 Sustainability Report has been awarded Best of South Korea at the American 2023 Annual Report Competition (ARC) Awards.Now in its 37th year, the ARC Awards, organized by the U.S. corporate communications specialist MerComm, is the world’s largest annual report and sustainabi
The following article was contributed to Business Korea by Oh Jae-hwan, leader of the Creative Interaction Team at the Icheon City Government. -- Ed.Icheon City, a medium-sized Korean city with a population of 230,000, was selected as the chair city in the crafts and folk arts division of the UNESCO
National Day Message from Saudi Arabian AmbassadorBy Riyad A. Almubaraky, Ambassador of the Kingdom of Saudi Arabia to the Republic of KoreaThe twenty-third day of September 1932 was a glorious day in our history where the founding King Abdul Aziz bin Abdul Rahman Al Saud had unified the Kingdom of
The partnership of Bang Jun-hyuk, the chairman of Netmarble and Bang Shi-hyuk, the CEO of Big Hit Entertainment, is drawing attention of the game and entertainment industry.Netmarble recently announced that it would invest 201.4 billion won in Big Hit Entertainment, secure 25.71% (448,882 shares), a
The Hana Financial Group is determined to strengthen its global business capacity as a key growth driver for the future.The group is aiming to build a stable business portfolio through growth in the global business sector. It is moving forward with a strategy to raise the share of the global divisio
NH Nonghyup Bank is making a foray into overseas markets by combining commercial finance and agricultural finance based on its expertise in agricultural finance.NH Nonghyup Bank is currently operating two branches, two offices and one corporation in five overseas countries and has resident officers
South Korean financial companies are expanding their business abroad, especially in Southeast Asian countries in line with the South Korean government’s New Southern Policy. The four largest South Korean financial groups, that is, Shinhan, Hana, KB Kookmin and NH are entering the local financial inv
The KB Financial Group is spurring overseas expansion through synergies among its bank, credit card and insurance affiliates.The KB Financial Group is conducting a retail financial market survey to advance into Southeast Asian countries, such as Indonesia and the Philippines, where demand for financ
Shinhan Bank has been making continuous investments in its global operations after selecting the global business as one of its core business areas for future growth. Currently, Shinhan Bank overseas network consists of a total of 162 subsidiaries, branches and sales offices in 20 countries. Since 20
KB Kookmin Bank is expanding global projects based on its sharpened competitiveness in strategic business areas such as corporate and investment banking (CIB), consumer finance and digital banking.The bank has nurtured talent in these areas to stay on top of the new trends in the financial industry,