ING Life Insurance, 10 days decide whether Kospi traded

Is whether [South Korea gimmingyeong financial newspaper reporter] ING Life Korea's Kospi traded in a decision 10 days. ING Life 9 days last month submitted a listing application to the Stock Exchange preliminary examination is expected to finish preliminary examination within 20 working days from the date listed apply to take the fast track.

If the Commission decides whether or not traded publicly traded MBK Partners, which owns 100% of the shares of ING Life is to submit a complaint to the Financial Services Commission and Securities launched a full-scale public offering process. In the six weeks usually it takes up to four weeks after the offer. As a result, the industry is expected to take a month of time between the two until the final listing of the ING life.

ING Life Insurance is planning to sales, only half of the nine weeks 100% without issuing new shares upon listing. Accordingly, MBK Partners after the IPO may remain as the largest shareholder of ING Life Insurance.



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KT · Signed Cooperation central Phoenix Pyeongchang, Pyeongchang Olympic MOU

[Korea ohahreum financial newspaper reporter] KT announced nine days that it has signed a Memorandum of Understanding (MOU) for the 'central Phoenix Pyeongchang, Pyeongchang and the 2018 Winter Olympics in Pyeongchang Phoenix to operate a business cooperation KT Gwanghwamun Building West.

KT is offering a contest broadcast network and the transit network for successful operation of the Convention as a communication partner of the 2018 Pyeongchang Winter Olympics, in 2018 it strives to showcase the world's first 5G in Pyeongchang.

Phoenix Pyeongchang is scheduled to take place this Pyeongchang Winter Olympics, major in one of the official stadiums snowboard 4 events (cross, half-Five, parallel giant slalom, slope style) and freestyle skiing 5 Company (Moguls, eyirieol, Cross, Half Pipe, slope style) .

Through this agreement, both companies will leverage the Phoenix Pyeongchang facilities continue to co-market for telecommunications services and the Phoenix Pyeongchang, KT and decided to cooperate in order to apply for wired and wireless communications facilities and convergence of services, including 5G test network in Phoenix Pyeongchang facilities did.

Prior to the agreement the two companies have jointly conducted a vigorous marketing in Phoenix Pyeongchang last winter season. Tourists looking for the 'Phoenix Pyeongchang' during Lunar New Year holidays offered the opportunity to experience the 5G service of KT.

Also in February, the "Phoenix Pyeongchang, conducted in 'Hello PyeongChang test event' duration for smooth Wi-Fi service for KT's GiGA Wi-Fi devices (AP, Access Point) is" Pyeongchang Phoenix "was the installation.

The two companies are actively planning the future use of resources held by the two companies to showcase the world's first 5G and at the same time operate successfully in the Pyeongchang Pyeongchang Winter Olympic Games in their respective fields. Pyeongchang Winter Olympics just before the 12th of March and plans to conduct joint promotion for the general public.

KT Pyeongchang Winter Olympics promotion refurbished "seems to be one step closer to working with Pyeongchang Winter Olympics Phoenix Pyeongchang, which is one of the major stages of the world's first 5G trial that KT is planning" Kim Hyung Joon, Managing Director said, "KT's 5G is I hope the Phoenix Pyeongchang may provide that the Special Olympics around the world to find, "he said.



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NH Insurance cooperatives, strengthening Morning Edu 'conduct employee competencies

[Korea gimmingyeong financial newspaper reporter] NH Agricultural Insurance has revealed that nine days to conduct insurance programs 'NH Edu Morning' to strengthen the business capabilities targeted at employees.

The training program is conducted at the Agricultural Insurance headquarters based in Seoul Seodaemun four months a total of 32 meetings 82 times a week training course in the morning. The matter experts in each department as an instructor is a way of scrambling the employees want to take participate on a voluntary basis.

It has conducted nine days of training involved about 50 employees, including the CEO yiyunbae took place the 'basis of actuarial' theme.

Agricultural fiddling said the new international accounting standards (IFRS17) plans to continue training for the employees by strengthening the expertise to be introduced, the change in the overall interest rate risk to the insurance industry, including expected.

Yiyunbae CEO participated in the morning Edu has a "For sustainable growth of the Agricultural Insurance is the most important role of employees" and "Empowerment of the company's development and rural development through, and even going farmhouse opened Income 50 million times boon It said it would be. "



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"Household savings banks increase lending rather than one trillion 500 billion" ... As long as statistically correct and bustle

[South Korea's Choice Financial newspaper reporter] is what the Bank of Korea announced a savings bank household loans statistics identify and correct the wrong facts figures happened.

The Bank of Korea said this year the savings bank household loans increased by 977.5 billion won in May announced "in February 2017 Financial Market Trends' data base and nine days. However, distribution of materials after the actual added value of 508.3 billion won has found a fix available.

If the existing data as added value was the highest monthly statistics were as conspicuous after the Bank of Korea released a savings bank household loans statistics from October 2003. The previous maximum monthly added value is was a July last year, 592.4 billion won in August (349.3 billion won), September (1506 won), and October (297.6 billion won), 11 month (357.6 billion won) December January this year in (437.8 billion won) iteoseoda to see geolro played twice.

The Bank of Korea is explained there was a mistake in the process of statistical data received from the screen Federation of Savings Banks. The Bank of Korea said it "will be used in accordance Increase (469.2 billion won) that contains new this year, household loans for commercial purposes, which was excluded from the savings bank household loans last year statistics' in the clarification material.

Although it is difficult, but if the criticism about savings banks household debt levels in the Monthly Increase vigilance on household loans extended to non-banking sector was higher situation can not exceed the threshold was unable to check that banks surged as unusual. Financial industry officials said, can degrade the reliability of the statistics, the Bank of Korea statistics are careless. "

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Fisheries Bank and eventually to re-contest

[South Korea's Choice Financial newspaper reporter] was elected shop haengjang procedures of the newly independent Bank Sh Fisheries launched in December last year, it is back to square that eventually undergo re-contest the hiatus.

Fisheries Bank haengjang Nomination Committee (Acts cold) goes to an interview intended for the four candidates including the gangmyeongseok standing auditor past eight days, and discussed until the next day in nine days, but eventually failed nakjeom the final haengjang candidates decided to re-contest.

Internal audit reportedly greeted the Standing gangmyeongseok was unable to narrow the differences between the cold line olrateuna members floating in prospect.

Cold line is comprised of two of five people, including three outside directors names the National Federation of Fisheries Cooperatives Like the government side. Final Nominations Committee shall have four people over the cold line (two-thirds) vote.

Fisheries in the context of this new departure last year, the National Federation of Fisheries Cooperatives Bank and neuro separated since independence bankers gathered edge is particularly interested in whether the applicants who do not have officials come from the internal haengjang.

Fisheries Bank shares are difficult to ignore the government is influenced by the Federation has committed to 100%, but more than 1 trillion won of public funds. Meanwhile, government officials who have risen mainly haengjang place. If yijuhyeong former CEO of Fisheries Ministry of Strategy and Finance (former Ministry of Finance) and former yiwontae current haengjang Deposit Insurance Corporation is also born.

Cold line is expected to announce the decision and subsequent re-contest schedule.

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