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Reporter : Anna J. Park
Mon, February 26, 2024 | 23:10
FSC chief vows to facilitate soft landing of real estate project financing market
The Financial Services Commission (FSC) will make efforts to facilitate a smooth resolution of the real estate project financing (PF) crisis as one of the key urgent priorities in 2024, the head of the country's top financial regulator said Sunday.
Speculation over Taeyoung E&C workout increases concerns of PF crisis
Speculation runs high that Taeyoung Engineering & Construction (Taeyoung E&C) is close to filing for corporate restructuring due to a liquidity crisis triggered by a soured real estate project financing (PF) deal.
Aviation stocks find rising momentum
Aviation stocks have been enjoying an upward trend, mainly buoyed by the recovery in passenger numbers, growth in freight business and a recent decline in global oil prices.
Banks on alert over rising loan delinquency in construction industry
The default rate on construction-related loans is looming large for major banks in Korea, as lenders face increasing delinquency rates for on loans made to firms in the construction sector. Market watchers and financial authorities are closely monitoring the situation over concerns that an uncontrolled risk stemming from the cash-stripped real estate market might expand the s...
Beauty tech firm APR aims for first IPO of 2024
Global beauty tech company APR has kicked off an official procedure toward its initial public offering (IPO), targeting to be the first IPO of 2024.
BNP Paribas, HSBC fined $20.3 million for illegal short selling
BNP Paribas and HSBC have been hit hard with the largest fine ever imposed by Korea's top financial regulator for repeating illegal short selling transactions, according to the Financial Services Commission (FSC), Monday.
Fun-packed year-end party reflects KakaoBank's horizontal corporate culture
KakaoBank's headquarters in Pangyo - the hotbed of the country's most innovative tech companies located within Bundang District in Seongnam, Gyeonggi Province - has turned into an indoor theme park for a day to host various games, such as a treasure hunt and dalgona candy challenge.
Companies face vocal activist funds ahead of shareholders' meetings
Shareholder activism is expected to have a stronger presence during the annual shareholders' meeting season early next year, with vocal activist funds intending to exercise their rights by urging companies to take action to enhance shareholder value.
FSS to overhaul IPO process to prevent another Fadu fiasco
The Financial Supervisory Service (FSS) plans to draw up specific measures to overhaul the initial public offering (IPO) process of underwriters, aiming to prevent a recurrence of a listing fiasco like the Fadu case.
JB Financial forms strategic partnership with Hanpass
JB Financial Group announced Thursday that it formed a strategic investment partnership with Hanpass, a fintech firm providing an overseas remittance platform, aiming to strengthen and expand business targeting foreign customers.
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