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Reporter : Anna J. Park
Mon, December 6, 2021 | 16:33
Samsung Heavy Industries stocks shunned by investors
While Samsung Heavy Industries is planning to vote on its capital reduction plan as well as issuing new shares at its June 22 shareholders' meeting, the market hasn't responded positively to the news, as the firm's shares have continued to hover at around 6,000 won ($5.40) during the past few weeks.
Former energy vice minister appointed as KEPCO CEO
Korea Electric Power Corporation (KEPCO) has appointed Cheong Seung-il, the former vice minister of trade, industry and energy, as its 21st president and CEO. He will officially take office on the first day of June for a three-year term.
FSC to supervise crypto exchanges
Aiming to better protect consumers from the uncontrolled cryptocurrency market, the government announced, Friday, a set of measures to strengthen monitoring and supervision of the nation's virtual asset markets.
Korea Investment & Securities to issue foreign currency bond for first time
Korea Investment & Securities is set to issue around $600 million worth of foreign currency bonds around July this year. It will be the first time that the brokerage is issuing dollar-denominated debt since it opened in 1974.
LG, LX shares drop sharply after spinoff
On the trading day that LX Holdings made its debut on the main benchmark KOSPI after spinning off from LG Corp., share prices of both firms dropped sharply to the dismay of their shareholders.
Gov't set to examine approval of former FSS official's move to crypto firm
A high-level official of the Financial Supervisory Service (FSS) quit the state-run financial watchdog recently to move to Upbit, the country's largest cryptocurrency exchange. As it marks the first time for any of the FSS's officials to move to the cryptocurrency sector, the official's move is causing a stir.
Experts optimistic over KOSPI amid possible tapering
Despite market concerns over possible tapering measures, experts are remaining optimistic over the future course of the KOSPI, as they expect that the index could rise up to 3,700 points, an increase of over 15% over the current level.
NH Investment to provide full compensation for Optimus mis-selling
NH Investment & Securities has decided to fully compensate its customers who lost money due to the brokerage company's mis-selling of troubled funds from Optimus Asset Management.
Citibank Korea, Yanolja sign strategic deal for global expansion
Online booking platform Yanolja joined hands with Citibank Korea to cooperate in expanding its business globally, signing a strategic deal at the headquarters of Yanolja. According to Citibank Korea, Monday, Yanolja and Citibank Korea will work hand-in-hand with their expertise in global payment services as well as licensing agreements.
SC Bank strengthens retirement planning, 'Wealth Care' services
Aiming to target the country's increasing number of senior citizens, Standard Chartered (SC) Bank Korea has rolled out a mobile-based retirement planning service.