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Tue, September 21, 2021 | 11:20
Indefinite delay in Kakao Mobility IPO concerns TPG, Carlyle
Kakao Mobility has indefinitely delayed the selection of an underwriter for its listing on the benchmark KOSPI market next year, fueling expectations that TPG, Carlyle and other global investors may not be able to earn as much as they wanted from their investments in the Korean firm.
Watchdog to continue legal battle with Woori chair
The Financial Supervisory Service (FSS) has decided to appeal the Seoul Administrative Court's Aug. 27 ruling ordering the watchdog to revoke the heavy sanctions it had placed last year on Woori Financial Group Chairman Son Tae-seung.
Financial authorities virtually acquit HLB of unfair trading
The Securities and Futures Commission (SFC), a sub-commission within the Financial Services Commission (FSC), eventually rejected a request from the Financial Supervisory Service (FSS) to ask the prosecution to indict biopharmaceutical company HLB over an unfair transaction.
Goldman Sachs, Morgan Stanley reportedly handling Yanolja's US listing
Goldman Sachs and Morgan Stanley have reportedly been selected as underwriters for Yanolja's initial public offering (IPO), fueling expectations among investors that the hotel booking app operator intends to list itself on the U.S. stock market.
Korea braces for possibility of losing Lone Star case
The Korean government is not ruling out the possibility of losing a nine-year-long legal tussle with Lone Star Funds, which could lead to a massive outflow of over $4.6 billion in taxpayers' money to the U.S. private equity firm (PEF) in the worst-case scenario.
Google Pay set to expand presence in Korea
Google appears to be trying to let users in Korea pay for public transportation and make payments at bricks-and-mortar stores using the Google Pay mobile payment system, according to industry sources and media reports, Monday.
Kakao Mobility faces delay in IPO process
Kakao Mobility abruptly delayed the selection of an underwriter for its listing on the benchmark KOSPI market next year, amid growing concerns over the government's intensifying regulations on Kakao's overall businesses.
Foreign hedge funds pose little threat to Hanssem, SK
Recent shareholder actions taken by foreign hedge funds against SK Chemicals and Hanssem are expected to have a limited impact on the market, considering domestic laws and responses by other investors.
FSS may not appeal against ruling in favor of Woori chief
Speculation is growing that the Financial Supervisory Service (FSS) may abandon its legal battle with Woori Financial Group Chairman Son Tae-seung, as the watchdog is apparently facing multiple difficulties appealing a recent court ruling that ordered it to revoke a heavy sanction it had placed on him.
Ex-vice finance minister seen as threat to central bank's autonomy
The possible appointment of Kim Yong-beom, former vice minister of economy and finance, as a new member of the Bank of Korea's (BOK) monetary policy board has reignited a long-standing controversy over the central bank's autonomy from the government.
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