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Reporter : Anna J. Park
Sun, January 29, 2023 | 14:52
FSS inspects Morgan Stanley's short-selling records
The Financial Supervisory Service (FSS) has begun an inspection into Morgan Stanley's Seoul office, which generates the highest amount of short-selling trading in the country's stock markets. The FSS also plans to inspect Merrill Lynch early next month, as the U.S.-based investment bank accounts for the second-highest portion of short-selling transactions in the local stock m...
Carbon emission-related ETFs log double-digit returns
As the price of carbon emission permits soared recently, related exchange-traded funds (ETF) logged double-digit growth this month. The price of carbon emission permits hah plunged earlier this year, following an energy shortage triggered by Russia's invasion of Ukraine in February. Yet, the carbon price has recovered over the course of the year so far.
Woori, Shinhan banks likely to be reprimanded over escalating remittance scandal
The Financial Supervisory Service (FSS) wrapped up its month-long inspection of local commercial banks over dubious international remittances earlier this month. Now, a more in-depth investigation into specific details is in the hands of other investigative government agencies, including the prosecutors' office and the customs service.
Will KB Kookmin Bank continue successful equity investments?
As KB Kookmin Bank continues to form successful strategic partnerships with aspiring tech-based venture companies, market watchers are paying close attention to whether the bank's latest equity investment in TMap Mobility would also yield considerable financial gains. The bank sold over 14 million shares of KakaoBank in a block deal last Friday, which lowered the traditional ...
Goldman Sachs report forecasts Korea's WGBI inclusion as early as 2023
A recent Goldman Sachs report positively evaluates the possibility of Korea's inclusion in the FTSE World Government Bond Index (WGBI) next year. The WGBI is a recognized leading benchmark that measures the performance of fixed-rate, local currency, investment-grade sovereign bonds from over 20 countries. The global treasury index is followed by major fund managers and large ...
Ramyeon manufacturers' shares soar over price hike announcement
Nongshim's share price jumped on Wednesday, as the country's largest ramyeon manufacturer announced earlier in the day that it will increase the prices of most ramyeon and snack products from next month. The food company's stock price rose to 311,500 won ($232) at Tuesday's closing, a 6.13-percent increase from the previous trading session. Both foreign investors and institut...
Global consumers consider downsizing digital streaming services: EY Korea
The outbreak of the pandemic sparked an increase in the reliance of online activities such as subscriptions to music or video streaming services. Now, amid the current global geopolitical uncertainties and unclear economic outlook, a significant percentage of households around the world are planning to reduce their digital streaming services, as they put more emphasis on valu...
FSC to accelerate financial deregulation by facilitating digital platform biz
Aiming to facilitate digital financial innovation in the country, the government has decided to deregulate further the financial sector by promoting financial companies' diverse online platform businesses, while strengthening the government's innovation-led growth initiatives.
Mirae Asset's IFC purchase plan could fall through
As Mirae Asset Global Investments' plan of raising the necessary capital for the purchase of International Finance Center (IFC) Seoul, it faces unexpected stumbling blocks leading some financial industry watchers to cautiously speak of the possibility that the acquisition could fall through as the investment company still searches for an alternative plan to raise 4.1 trillion...
L'Oreal Korea appoints new head
L'Oreal Korea announced Monday that it appointed Samuel du Retail as the new chief of its Korea operation. The new CEO has worked at the France-headquartered global cosmetics company since 1996. Over the past 26 years at the firm, Retail has assumed various key roles.