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Reporter : Anna J. Park
Wed, October 20, 2021 | 18:13
FSS chief warns of heavy personnel reshuffle
Jeong Eun-bo, new chief of the Financial Supervisory Service (FSS), aims to conduct a massive personnel reshuffle in an effort to shift the policy direction implemented under his predecessor. Upon taking the top position at the FSS, Jeong asked all 14 executives of the FSS to submit their resignations, creating a stir among staff members, FSS sources said Thursday.
US infrastructure bill benefits local cyclical stocks
With the U.S. Senate passing a $1 trillion bipartisan infrastructure bill Tuesday (local time) that will invest massively in roads, railways, bridges and water facilities, cyclical and energy sector stocks are expected to benefit the most from the 10-year plan.
Supporting credit repair
Financial Services Commission (FSC) Chairman Eun Sung-soo speaks during a meeting with the Korea Federation of Banks (KFB) held in central Seoul, Wednesday. In cooperation with the KFB, the financial regulator is set to announce a series of measures to alleviate local merchants suffering from worsening credit due to the COVID-19 pandemic. Courtesy of FSC
Krafton becomes largest market cap game company on KOSPI
Despite rather lukewarm movement of Krafton's stock price on Tuesday, the developer of the global mega-hit game, “PlayerUnknown's Battlegrounds,” secured the top position in terms of market cap among the local game companies listed on the KOSPI.
Shinhan Life CEO Sung leads insurance firm's innovation
Ever since Sung Dae-kyu took over as Shinhan Life CEO in early July, the insurance arm of Shinhan Financial Group has been evaluated positively for its innovative attempts to refresh the firm's image.
Securities firms become selective amid series of IPO plans
As a series of big-name companies are announcing their plans to make their debuts on the country's stock markets in the near future -- later this year or early next year -- local brokerage firms have become more selective than ever over the role of underwriting the IPO process.
KakaoBank becomes 12th-largest market cap company on KOSPI
KakaoBank was listed on the KOSPI, Friday, in one of most expected IPOs of the year, and ended the day with a positive performance. The internet-only bank's initial price was set at 53,700 won at the beginning of Friday's session, 37.7 percent higher than the offering price of 39,000 won. Despite failing to reach its maximum possible start - a 200 percent jump - the stock con...
Korean millennials shift attention to US market
Local retail investors have recently started to invest more overseas, mainly driven by a “younger generation” searching for what they call “alpha” stocks or those that produce excessive returns.
Bankers disappearing amid full-scale digitization
The number of bank branches in the country is decreasing swiftly due mainly to accelerated digitization of banking services, and resultantly the number of bankers voluntarily leaving the country's five major banks during the first half of this year stood at over 2,600 - around one third of the entire number of bankers who have left the industry over the past decade.
Interpark shares soar on takeover expectations
Interpark's share price rallied again on Wednesday as investor sentiment continued to be lifted by expectations of the successful acquisition of Korea's first- generation e-commerce platform.
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