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Reporter : Anna J. Park
Wed, October 20, 2021 | 18:38
FSS in dilemma over court ruling favoring Woori CEO
Market watchers are closely paying attention to whether the Financial Supervisory Service (FSS) will decide to file an appeal with a higher court regarding a lower court trial result that annulled the punishment it imposed on Woori Financial Group CEO Son Tae-seung over the improper selling of high-risk derivative-linked funds (DLFs).
[ANALYSIS] Kakao, Naver stocks continue to nosedive over regulatory concerns
Thursday was another day of free fall for Kakao and Naver with their share prices closing at 128,500 won ($109) and 399,000 won, respectively, falling 7.22 percent and 2.56 percent from the previous session.
K bank stock price soars in OTC market
The corporate value of the country's first internet-only bank, K bank, is rising rapidly - especially in the over-the-counter (OTC) market - on expectations over its initial public offering (IPO), planned for 2023.
[ANALYSIS] Korean conglomerates lukewarm on venture M&As
Korea's M&A market has nearly quadrupled during the past two decades, as the average number of M&As annually exceeded about 430 in 2020, compared to 102 logged in 2000. The market size has also increased to about 50 trillion won ($43 billion) last year, nearly four times that of 13.1 trillion won in 2000.
Chung Tae-young steps down from Hyundai Capital
Chung Tae-young, vice chairman and CEO of Hyundai Card, Hyundai Commercial and Hyundai Capital - also known as “Ted Chung” abroad - will be stepping down from his post at Hyundai Capital, following 18 years at the helm of the company.
KB Asset rolls out first blockchain investment fund
KB Asset Management launched the country's first blockchain-focused mutual investment fund, the “KB Global Digital Chain Economy” fund, Monday.
State firms criticized for maintaining low-interest loans for employees
Amid the government's efforts to raise loan interest rates to curb soaring asset prices, some state-run companies have ignored the government's call to impose higher interest rates when it comes to providing their own housing loan plans to employees.
'The window to avoid catastrophic climate change is closing soon': DNV report
A recent report about energy transition from DNV - a Norway-headquartered global accredited registrar and quality assurance operating in more than 100 countries - has warned that even if all electricity was “green” from this day forward, the world will still fall short of achieving the 2050 net zero emissions goal of the Paris Agreement, adopted at 2015 United Nations Climate...
Block deal leads KakaoBank's stock price to drop
KakaoBank's stock price tumbled almost eight percent on Thursday, finishing at 81,900 won ($70.53), due to a massive block deal - or the sale of a large number of securities - worth over one trillion won.
Citibank Korea set to pay huge compensation for retirees
As Citibank Korea is planning to implement a voluntary retirement program, with employees applying for the program being eligible to receive huge compensation, market watchers are paying close attention to whether the bank's selloff plan for its retail division could make any noticeable progress.
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