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Reporter : Anna J. Park
Fri, February 23, 2024 | 20:05
Fallen crypto mogul Do Kwon could face heavy sentence in US
Terraform Labs co-founder Do Kwon, who was apprehended in Montenegro over his alleged involvement in a $40 billion cryptocurrency fraud, is slated for extradition to the United States where he could potentially face a more severe sentence compared to what he might receive in Korea.
Eximbank signs MOU with KfW IPEX-Bank on strategic tech, supply chain
The Export-Import Bank of Korea (Eximbank) announced Thursday that it signed a memorandum of understanding (MOU) with KfW IPEX-Bank, pledging mutual cooperation for future strategic technology and joint responses on supply chain issues.
Toss Bank to appoint first female CEO in internet-only banking industry
Toss Bank has nominated Rhee Eun-mi, former CFO of DGB Daegu Bank, as the sole candidate for its next CEO for a two-year term, the internet-only bank said Wednesday.
Corporate savings log first annual decrease in 19 years
Savings deposit accounts owned by companies logged an annual decrease for the first time in 19 years last year, due mainly to the soaring interest rates experienced by the companies.
Asiana Airlines' cargo business up for sale
Upon receiving a conditional approval from the European Union (EU) over the merger between Korean Air and Asiana Airlines, the sale of Asiana Airlines' cargo business has officially kicked off, as selling off the freight arm was part of the conditions to receive the EU grant over the merger deal.
Proxy fights expected to rise at upcoming shareholders meetings
The upcoming regular shareholders meeting season starting next month is expected to see a rise in the number of proxy contests due to the increased activity of various activist funds and minor shareholders submitting shareholder proposals. This trend also corresponds with the government's recent focus on enhancing the corporate valuation of domestic companies in stock markets.
[INTERVIEW] Global private equity firm sees opportunities in power generation, transport in climate sector
During the past decade, Hillhouse Investment, a major global private equity firm (PEF) with its assets under management (AUM) standing at $73.3 billion, has been strengthening investment in the climate technology sector, as the firm sees opportunities in the energy transition and transport industries.
Largest shareholder of Kumho Petrochemical goes after managerial control again
From left are former Kumho Petrochemical executive Park Chul-whan, Kumho Petrochemical Chairman Park Chan-koo and Kumho Petrochemical President Park Jun-kyung / Photos credited to Yonhap, courtesy of Kumho PetrochemicalBy Anna J. Park Former Kumho Petrochemical Senior Vice President Park Chul-whan has teamed up with Tcha Partners Asset Management to initiate a move to ra...
Will M&A market for insurance companies revive this year?
Lotte Insurance, which will soon be officially put up for sale, is expected to gauge the market sentiment.
Investors hit by ELS losses demand public audit of financial authorities
Investors who have incurred significant losses from equity-linked securities (ELS) tied to Hong Kong's Hang Seng China Enterprises Index (HSCEI) have requested the Board of Audit and Inspection of Korea (BAI) to investigate financial authorities. They argue that there have been serious supervisory failures regarding this matter.
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