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Reporter : Anna J. Park
Tue, May 30, 2023 | 19:45
Financial regulators vow to stabilize market, support vulnerable
The heads of the country's top financial regulator, the Financial Services Commission (FSC), and watchdog agency, the Financial Supervisory Service (FSS), both stress that their priorities for 2023 will be on ensuring market stabilization amid heightened external uncertainties, while also supporting vulnerable groups.
Economy | 2023-01-01 16:42
Business lobby groups welcome President Yoon's New Year's message
Korea's business associations all welcomed President Yoon's New Year's speech in unison, as they evaluated the message's focus on strengthening exports and reforming pensions, labor and education as appropriate and correct.
Companies | 2023-01-01 16:42
Corporate bond issuances by builders fall to 5-year low
Bonds issued by domestic construction companies fell to the lowest level in five years. According to data compiled by financial information service provider, Yonhap Infomax, Wednesday, cumulative bond issuances by builders stood at only 541 billion won ($426 million) this year.
Markets | 2022-12-28 16:41
Korean firms face vulnerabilities in internal money controls: KPMG report
In matters of corporate accounting management, Korean corporations turn out to have particular weaknesses regarding internal money controls and irregularities caused by high-ranking management officials.
Companies | 2022-12-28 16:39
[Contribution] Some misconceptions about Korean won
There was no winner in the investment scene except the U.S. dollar in 2022, which has rallied as much as 18.6 percent during the year, and 8.4 percent (based on DXY: USD versus six major currencies) year-to-date until Dec. 23 with the recent retreat. Non-U.S. currencies have depreciated, with the Korean won not being an exception. It started the year at 1,189 won per dollar, ...
Economy | 2022-12-28 11:11
Financial companies face heavier penalties for security failures
In a move to foster more nimble and flexible responses from financial companies in case of security accidents, the financial authorities have decided to allow the companies greater autonomy by revising relevant financial security regulations. Instead, the government plans to hold financial companies more responsible for failing to prevent such accidents.
Economy | 2022-12-27 16:45
ESG no longer seems to be priority for corporations amid economic slowdown
With increased external and internal economic uncertainties, corporations have opted for survival as their top priority over considerations of economic, social and governance factors - ESG principles - in their management strategies. As a result, the weight of ESG bonds issued by corporations aiming to achieve environmental, social or governance improvements with the raised c...
Markets | 2022-12-27 16:44
Mandatory bid rule in M&A deals to take effect in Korea as early as 2024
In a move to strengthen the protection of minority shareholders, the Korean government aims to adopt a mandatory bid rule in the country's capital market as early as 2024. If the rule is adopted, any person or entity that plans to take over a company through a stock purchase deal is legally required to offer to the remaining minority shareholders a buy-out of all their shares...
Markets | 2022-12-26 16:35
FSC to strengthen capital market investigations to eradicate securities crimes
The Financial Services Commission (FSC) aims to strengthen its capital market investigation functions, with the goal of eradicating securities crimes in the country. The nation's top financial regulator announced Monday that it has newly created two units devoted to capital market investigations, while abolishing one incumbent unit that's been working on investigative tasks.
Economy | 2022-12-26 16:32
Chips, battery, defense stocks to benefit from state economic policies in 2023
With the Korean government's economic policy for next year outlined in its official announcement on Wednesday, securities firms forecast that semiconductors, secondary battery, defense, nuclear power generation as well as the content sector will benefit from the policy direction. The 2023 economic policy direction announced jointly by the Ministry of Economy and Finance, alon...
Economy | 2022-12-23 16:35
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