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The Korea Times

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Markets

Sat, September 23, 2023 | 20:04

Why is embezzlement continuing at banks?

Why is embezzlement continuing at banks?

Questions have arisen over the high number of embezzlement cases involving bank employees in the country. Market watchers point out that binding rules and responsibilities on banks' internal control initiatives need to be strengthened, as the financial authorities' current non-binding guidelines fall short of changing banks' practices.

Anna J. Park | 2023-08-03 16:49

[CONTRIBUTION]Battery stocks and animal spirits

CONTRIBUTIONBattery stocks and animal spirits

These days, the stock market seems to fluctuate due to animal spirits, characterized by impulsive behavior. In particular, stocks related to secondary batteries are experiencing significant fluctuations of 10-20 percent per day. With record high levels of short selling and credit loan balances for these stocks, the volatility is becoming worrisome.

2023-08-03 14:14

[INTERVIEW] Gov't move to break banking oligopoly not expected to cause major shifts

INTERVIEWGov't move to break banking oligopoly not expected to cause major shifts

Despite financial authorities' recent decision to break the banking industry's de facto oligopoly and spur competition, the banking sector is not likely to see a major shift in its competitive landscape, S&P Global Ratings' senior credit analyst estimates.

Anna J. Park | 2023-08-03 09:24

Concerns rise over surge in short-selling of battery shares

Concerns rise over surge in short-selling of battery shares

Korea's stock market is extending a volatile run in the face of a surge in short-selling of red-hot battery shares here. Data from the Korea Exchange showed investors' short-selling transaction volume on the benchmark KOSPI and secondary Kosdaq reached a monthly high in July.

2023-08-01 17:02

Legal experts skeptical of benefits from protracted Lone Star-Korean gov't dispute

Legal experts skeptical of benefits from protracted Lone Star-Korean gov't dispute

The Korean government plans to seek an annulment proceeding of an international tribunal arbitration ruling that ordered the country to pay $216.5 million plus interest in damage compensation to Lone Star. The move comes in response to the U.S.-based private equity fund's annulment application submitted at the end of last month, asking the arbitration tribunal to cancel the r...

Anna J. Park | 2023-08-01 17:00

Asset tokenization poised to reshape investment landscape

Asset tokenization poised to reshape investment landscape

The era has officially dawned in which various assets such as art, music and real estate can be fractionally divided and traded, much like securities.

2023-08-01 15:49

Hong Kong linked ELF, ELT loss feared to snowball

Hong Kong linked ELF, ELT loss feared to snowball

Fears are mounting over the falling revenues of equity-linked funds (ELF) and equity-linked trusts (ELT) tracking Hong Kong's H-Shares Index after some of them - sold by Korean banks - incurred losses of around 4.03 billion won ($3.16 million).

2023-07-31 16:20

18 financial firms sanctioned for short-selling violations

18 financial firms sanctioned for short-selling violations

Financial authorities caught 18 financial companies, both local and foreign, for breaking short-selling rules and imposed 1 billion won ($782,000) in fines or penalties. The Securities and Futures Commission (SFC) of the Financial Services Commission (FSC) sanctioned 18 companies as well as individuals for violating short-selling restrictions or rules during its regular meeti...

Anna J. Park | 2023-07-30 16:54

Korea's electronic disclosure system offers more information in English for foreign investors

Korea's electronic disclosure system offers more information in English for foreign investors

Korea's electronic disclosure system, or DART - short for Data Analysis, Retrieval and Transfer System - has expanded its English services for foreign investors, the Financial Supervisory Service (FSS) announced Sunday. The move is part of the local financial authorities' policy direction set earlier this year to widen foreign investors' accessibility to the Korean capital ma...

Anna J. Park | 2023-07-30 15:32

Tired of traditional investments? Sports card collecting can offer astounding returns

Tired of traditional investments? Sports card collecting can offer astounding returns

“Hello, this is the bank. We are contacting you to confirm a recent deposit made into your account from the U.S. exceeding $20,000. Could you verify the purpose of this transaction?” Koo Ja-kyung, a dentist based in Daejeon who received the call, responded in a surprisingly composed manner. “I recently auctioned a sports card I owned in the U.S., and it seems like the proceed...

2023-07-29 08:19

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