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Entertainment & Arts

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Asia

Finance

Wed, December 7, 2022 | 00:11

Tax revenue up $36 billion through Oct.

Tax revenue up $36 billion through Oct.

Korea's tax revenue grew 48.2 trillion won ($36 billion) in the first 10 months of 2022 from a year earlier, data showed Tuesday, amid the country's improved job market.

2022-11-29 10:58

Foreign investors' registration obligation to be abolished

Foreign investors' registration obligation to be abolished

Korea's financial authorities plan to remove a decades-long obligation imposed on foreign investors to register their identities prior to investing in Korean stocks. The move is part of the Korean government's efforts to ease financial regulations on global investors, as the registration requirement for foreign investors has been pinpointed as one of the key stumbling blocks ...

Anna J. Park | 2022-11-28 16:42

Foreign PEs covet Mom's Touch

Foreign PEs covet Mom's Touch

Various global private equity firms have joined the bidding war to acquire Mom's Touch, a Korea-headquartered chicken burger chain, due in part to their favorable positions created by the strong U.S. dollar. New potential buyers could emerge any time, as the sales process is currently being conducted on a rolling basis, meaning applications for acquisitions will be reviewed a...

Anna J. Park | 2022-11-28 16:31

KDB union pledges legal action against relocation

KDB union pledges legal action against relocation

The union of Korea Development Bank (KDB) has pledged to take legal measures against the state-run lender's move to relocate its headquarters to the nation's southeastern port city of Busan. According to the KDB union, Monday, the lender plans to carry out an organizational reshuffle by creating three new divisions in Busan where 100 employees and executives from the head off...

Lee Min-hyung | 2022-11-28 16:12

Wemade chief faces censure amid stock fall

Wemade chief faces censure amid stock fall

Wemade CEO Chang Hyun-guk came under mounting criticism from investors after the game publisher's stock plummeted in the aftermath of a shocking delisting of its Wemix coin from Korea's four major crypto exchanges. According to data from the Korea Exchange, Wemade shares went on a losing streak on Monday after its price closed with a drop of 29.89 percent on the previous trad...

Lee Min-hyung | 2022-11-28 15:10

Korea seeks to change dividend-linked rules to attract more foreign investment to stock market

Korea seeks to change dividend-linked rules to attract more foreign investment to stock market

Korea will push to change regulations in a way that would allow investors to know how much they would receive in dividends before buying stocks in a bid to attract more foreign investment in the local equity market, a senior official of the country's top financial regulator said Monday.

2022-11-28 11:28

Korea to reduce bond issuance of state-run firms, stabilize market

Korea to reduce bond issuance of state-run firms, stabilize market

Korea plans to reduce the issuance of bonds by state-run companies, the finance ministry said Monday, in line with the country's efforts to stabilize the bond market hit by uncertainties.

2022-11-28 10:43

Korea's first digital asset bill expected to be passed as early as Dec.

Korea's first digital asset bill expected to be passed as early as Dec.

The parliament is set to deliberate on a bill that stipulates cryptocurrency exchanges' obligations for investor protection as early as later this month, as rival parties share a common understanding about a need to legalize the country's growing digital asset markets.

Anna J. Park | 2022-11-27 16:53

Financial authorities examine Wemix delisting

Financial authorities examine Wemix delisting

Amid growing controversies, financial authorities have decided to closely look into the case of a scheduled delisting of Wemix, a key cryptocurrency project by game company Wemade, to see whether the coin exchanges' listing and delisting criteria need to be more transparent or improved.

Anna J. Park | 2022-11-27 16:10

Experts worry about financial crisis due to spiking borrowing costs: BOK survey

Experts worry about financial crisis due to spiking borrowing costs: BOK survey

Nearly 60 percent of economic and financial experts worry that Korea could face a financial crisis in the short term amid concerns that spiking borrowing costs could weigh on businesses and households, a central bank survey showed Sunday.

2022-11-27 13:22

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