Myeong-dong Street By Night
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Myeong-dong Street By Night
Myeongdong () is a dong in Jung-gu, Seoul, South Korea between Chungmu-ro, Eulji-ro, and Namdaemun-ro. It covers 0.99km² with a population of 3,409 and is mostly a commercial area, being one of Seoul's main shopping, parade route and tourism districts. Jung-gu Office, Retrieved 2010-05-26 (Korean) In 2011, 2012 and 2013, Myeong-dong was listed as the ninth most expensive shopping street in the world. The area is known for its two historically significant sites, namely the Myeongdong Cathedral and the Myeongdong Nanta Theatre. History Myeongdong dates back to the Joseon Dynasty when it was called ''Myeongryebang'' () and mostly a residential area. During the Japanese era the name was changed to ''Myeongchijeong'' (, ''Meijicho'' in Japanese pronunciation) and became more of a commercial district, being influenced by the rising commerce in the neighboring Chungmuro area. It became the official district of Myeongdong in 1946, after independence.
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Hangul
The Korean alphabet, known as Hangul, . Hangul may also be written as following South Korea's standard Romanization. ( ) in South Korea and Chosŏn'gŭl in North Korea, is the modern official writing system for the Korean language. The letters for the five basic consonants reflect the shape of the speech organs used to pronounce them, and they are systematically modified to indicate phonetic features; similarly, the vowel letters are systematically modified for related sounds, making Hangul a featural writing system. It has been described as a syllabic alphabet as it combines the features of alphabetic and syllabic writing systems, although it is not necessarily an abugida. Hangul was created in 1443 CE by King Sejong the Great in an attempt to increase literacy by serving as a complement (or alternative) to the logographic Sino-Korean ''Hanja'', which had been used by Koreans as its primary script to write the Korean language since as early as the Gojoseon period (spanni ...
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Gwangbokjeol
The National Liberation Day of Korea is a holiday celebrated annually on 15 August in both South and North Korea. It commemorates Victory over Japan Day, when the United States and the Soviet Union liberated Korea from 35 years of Japanese rule. Etymology In South Korea it is known as ''Gwangbokjeol'' (; ), and is one of the public holidays in South Korea. In North Korea it is known as ''Chogukhaebangŭi nal'' (; ), and is also one of the public holidays in North Korea. The name ''Gwangbokjeol'' is composed from the Korean words 광 (gwang), meaning “light”; 복 (bok), meaning “restoration”; and 절 (jeol), meaning “holiday”. The word “restoration” is used rather than the word for “independence”, 독립 (dongnip), in order to illustrate how Korea had been a nation for centuries prior to Japanese rule. History The day marks the annual anniversary of the announcement that Japan would unconditionally surrender on August 15, 1945. All forces of the Impe ...
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Bank Of Korea
The Bank of Korea (BOK; ) is the central bank of the Republic of Korea and issuer of Korean Republic won. It was established on 12 June 1950 in Seoul, South Korea. The bank's primary purpose is price stability. For that, the bank targets inflation. The 2016–18 target is consumer price inflation of 2.0%. History 1945-1970 The Bank of Korea was established on June 12, 1950 under the Bank of Korea Act. Following liberation on August 15, 1945, the Korean economy was plunged into turmoil. Tackling the severe inflation and financial disorder brought about by an acute shortage of resources and the division of the country along the 38th parallel was the immediate priority. In this situation, discussions raged across the country on establishing a central bank for the Republic of Korea and Dr. A.I. Bloomfield, dispatched from the Federal Reserve Bank of New York, drafted the Bank of Korea Act. Based on this draft, the Bank of Korea Act was passed in May 1950 and the bank launched it ...
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HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ...
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Hana Bank
Hana Bank (; KEB Hana Bank outside South Korea) is a commercial bank headquartered in Seoul, South Korea. Since its establishment as Korea Exchange Bank in 1967, it provides the largest range of foreign exchange products in South Korea. History Korea Exchange Bank (1967–2015) Establishment and privatization Korea Exchange Bank was established in 1967 as a government-owned bank specializing in foreign exchange. It was privatized in 1989 and was one of Korea's first commercial banks. During the 2002 FIFA World Cup in Korea and Japan, KEB was the first Korean bank to export Korean won to another nation, by exporting bundles of 10000 won notes to Japan. *Jan 1975: Started securities business *Apr 1978: Launched Korea's first credit card service *Mar 1983: Issued travelers cheques *Feb 1985: Official sponsor bank for 1986 Asian Games & 1988 Summer Olympics *Apr 1994: Listed on Korean Stock Exchange *Dec 1995: Opened foreign exchange research center *Nov 1999: Opened a foreign exchang ...
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Sumitomo Mitsui Banking Corporation
is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and services to a wide range of clients, including individuals, small and medium-sized enterprises, large corporations, financial institutions and public sector entities. Since 2011, it has been included into the Financial Stability Board's list of global systemically important banks. SMBC group operates in over 40 countries and maintains a presence in all International Financial Centres as the 12th biggest bank in the world by total assets. It is one of the largest global financial institutions in project finance space by total loan value. As of May 2020, SMBC group is listed as 80th largest public company in the world according to Forbes ranking. It is the second largest banking institution by total assets and market capitalization in Japan ...
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Lone Star Funds
Lone Star Funds, legal name of main entity Lone Star Global Acquisitions, Ltd. is an American private equity firm that invests in distressed assets in the U.S., Canada and internationally. The founder of Lone Star established its first fund in 1995 (under a different name) and Lone Star has to date organized 21 private equity funds with total capital commitments since inception of over $85 billion (as of August 2020). Lone Star's investors include corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds and high-net-worth individuals. Lone Star Funds has affiliate offices in North America, Europe and Japan. Hudson Advisors LP, an approximately 900-person global asset management company owned and controlled by the founder of Lone Star, performs due diligence and analysis, asset management and related services for Lone Star Funds. In this capacity, Hudson Advisors LP has managed in excess of $224 billion of assets for Lone Star F ...
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Korea Exchange Bank
Hana Bank (; KEB Hana Bank outside South Korea) is a commercial bank headquartered in Seoul, South Korea. Since its establishment as Korea Exchange Bank in 1967, it provides the largest range of foreign exchange products in South Korea. History Korea Exchange Bank (1967–2015) Establishment and privatization Korea Exchange Bank was established in 1967 as a government-owned bank specializing in foreign exchange. It was privatized in 1989 and was one of Korea's first commercial banks. During the 2002 FIFA World Cup in Korea and Japan, KEB was the first Korean bank to export Korean won to another nation, by exporting bundles of 10000 won notes to Japan. *Jan 1975: Started securities business *Apr 1978: Launched Korea's first credit card service *Mar 1983: Issued travelers cheques *Feb 1985: Official sponsor bank for 1986 Asian Games & 1988 Summer Olympics *Apr 1994: Listed on Korean Stock Exchange *Dec 1995: Opened foreign exchange research center *Nov 1999: Opened a foreign e ...
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Kookmin Bank
Kookmin Bank or KB Kookmin Bank () is among four of the largest banks ranked by asset value in South Korea, as of the end of March 2014. It is the largest among banks in Korea and the 60th largest in the world as of 2017. History The current KB Kookmin Bank was formed in December 2000 in a merger between the old Kookmin Bank and the Housing & Commercial Bank. They were both founded by the Korean government in 1960s for special purposes. Kookmin Bank, which catered towards providing financial services for middle and low income consumers, was privatized in 1995. During the Asian financial crises both banks acquired other financially troubled banks. The merger of the two banks was partly due to the government policy of making banks bigger and more stable. After the merger, KB acquired various companies include credit card, insurance and brokerage firms transforming into the current financial group in 2008. In Sep, 2004, Kookmin Bank said it would restate its 2003 and 2004 earnings a ...
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SK Corporation
SK Group ( Korean: SK그룹, 에스케이그룹) is the second largest South Korean chaebol behind Samsung Group. SK Group is composed of 186 subsidiaries and affiliates that share the SK brand name and the group's management culture, named SKMS (SK Management System). It changed its name from Sunkyong Group ( Korean: 선경그룹, Hanja : 鮮京그룹) to SK Group in 1998. The group is controlled by estate of Chey Tae-won through a holding company SK Inc. The cornerstone of SK Group is its energy and chemicals division. While its largest businesses are primarily involved in the energy, petroleum, and chemical industries, the group also owns the nation's largest wireless mobile phone service provider SK Telecom, and provides services in construction, marketing, local telephone, high-speed Internet, and wireless broadband ( WiBro), and also the owner of SK Hynix, the world's fourth largest chipmaker. History Formation and early production As with many other chaebols, ...
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Citibank
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few beca ...
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Korea Exchange
Korea Exchange (KRX) is the sole securities exchange operator in South Korea. It is headquartered in Busan, and has an office for cash markets and market oversight in Seoul. History The Korea Exchange was created through the integration of Korea Stock Exchange (KSE), Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division. As of Dec 2020, Korea Exchange had 2,409 listed companies with a combined market capitalization of ₩2.3 quadrillion KRW ($2.1 trillion USD). The exchange has normal trading sessions from 09:00 am to 03:30 pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance. On 22 May 2015, the Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban ...
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