Wonhee Cho

3 weeks ago | koreadailyus.com | Wonhee Cho

Open Bank Chairman Brian Choi is stepping down after 15 years of leadership that transformed the financial institution from the brink of closure to a $2.4 billion publicly traded bank. Choi announced his retirement from the board, marking a new chapter for the bank and his continued work in philanthropy. A Decade of Turnaround and GrowthChoi joined the board in 2008 when the bank was still operating as First Standard Bank (FSB), facing deep deficits amid the global financial crisis.

3 weeks ago | koreadailyus.com | Wonhee Cho

Hanwha Asset Management is drawing strong investor interest with its Korean defense industry ETF products, fueled by growing attention to Korea’s defense industry and its global export potential. The firm recently held an investment seminar in Buena Park to introduce its ETF offerings to Korean investors in the domestic stock market. The March 25 event attracted over 200 participants.

3 weeks ago | koreadailyus.com | Wonhee Cho

The recent bankruptcy filing of genetic testing company 23andMe has sparked growing concern among users about the fate of their personal genetic data. On March 23, the company officially filed for bankruptcy protection, triggering a surge in data deletion requests the following day. According to CBS News, many users attempted to delete their genetic profiles on March 24 through the 23andMe website.

4 weeks ago | koreadailyus.com | Wonhee Cho

Restaurant Ki, a ten-seat fine dining spot in Little Tokyo, Los Angeles, has been added to the LA Michelin Guide just two months after opening. Run by Chef Ki Yong Kim, the restaurant has drawn attention for its innovative take on New Korean Cuisine. The Michelin Guide praised Restaurant Ki for its creative yet balanced approach to blending traditional Korean flavors with global techniques. The menu was recognized for delivering dishes that are thoughtful, seasonal, and refined.

1 month ago | koreadailyus.com | Wonhee Cho

CBB Bank has received approval from the Federal Reserve to open a new branch in Fort Lee, New Jersey, marking the bank’s first expansion into the Eastern United States. The Federal Reserve announced the decision on its website on March 21. It confirmed approval of the application that CBB Bank submitted in September 2023. First Eastern U.S. BranchThe new branch will open at 1 Bridge Plaza N, Suite 655, in a downtown Fort Lee office building.