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Wed, December 7, 2022 | 00:05
Victims entitled up to W450 mil. in insurance payment
Insurance companies may pay up to 450 million won ($433,800) each to survivors and family members of victims of the ferry sinking that occurred off the country’s southwestern coast Wednesday, finance officials said Thursday.
Insider trading occurs in 67% of listed firms
Insider trading occurs at seven out of 10 listed Korean firms every year, a report from a non-profit research group showed Tuesday.
FSS tells bankers to behave
Financial Supervisory Service (FSS) Governor Choi Soo-hyun vowed Tuesday to strictly punish bank CEOs if they fail to prevent scams and fraud by their employees.
Woori Bank's loan scandal escalates
Former managers of Woori Bank’s Tokyo branch are facing fresh allegations that they siphoned off kickbacks received from loan borrowers to a foreign country.
Choi to summon bank CEOs
Financial Supervisory Service (FSS) Governor Choi Soo-hyun will meet bank CEOs today to call for countermeasures against crimes involving bank employees, the regulator said Monday.
Citibank union may go on strike
Citibank Korea’s union is taking steps to launch a strike. The union said Friday it had submitted a petition to the National Labor Relations Commission (NLRC) to arbitrate an ongoing dispute with management.
Initiation test awaits SC Korea CEO
New Standard Chartered (SC) Korea CEO Ajay Kanwal faces a daunting task. Moving from Taiwan two weeks ago, Kanwal is learning the ropes. But, he cannot afford to take his time because SC Korea is reeling from falling profits as well as investigations by financial regulators and the tax office. The group’s net profit last year plunged 37 percent from a year earlier to 90.3 bil...
Ha tries to stare down new crisis
Citigroup Korea Chairman Ha Yung-ku, a heavyweight in the Korean banking industry, is battling the biggest challenges of his career. Chief among them are reports that the parent company has left him to grapple with the fallout of recent troubles alone.
DongA One probed for stock rigging
DongA One Group Chairman Lee Hi-sang, the father-in-law of former President Chun Doo-hwan’s third son, Jae-man, is being investigated for his alleged involvement in stock price manipulation and insider trading, financial regulators said Wednesday.
Gov't debt tops W1.1 quadrillion
The government’s debt, including liabilities of state pension funds, rose sharply last year to 1.117 quadrillion won, according to the government’s settlement report for last year’s budget, released Tuesday.
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