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Reporter : Anna J. Park
Sun, October 1, 2023 | 20:41
Naver Pay to expand as comprehensive financial platform
Naver Pay has declared its new roadmap to expand into a comprehensive financial platform by widening the horizons of finance through technology. The fintech company has so far primarily focused on providing the country's leading online simplified payment services.
KCGI urges Hyundai Elevator to transform board
KCGI Asset Management (KCGI AM) has urged Hyundai Elevator to remove Hyun Jeong-eun, the incumbent chair of Hyundai Elevator's board of directors, from the board to bring more transparency and independence to the firm's corporate governance by separating the ownership and management. KCGI holds about a 2 percent stake in common shares of Hyundai Elevator.
[INTERVIEW] Korea Finance Society showcases power of community building via mentorship
Headquartered in New York, the Korea Finance Society (KFS) is a renowned organization for Korean and Korean American finance professionals with over 3,000 members, ranging from some of the most high-profile financial leaders like Joseph Bae, co-chief executive officer at KKR & Co., to young college mentees aiming to work in Wall Street after graduation.
FSS retirees opt to work at big law firms
Many recent retirees of the Financial Supervisory Service (FSS), the country's financial watchdog agency, have found their next position at big law firms, data showed.
SGI passes preliminary requirements for IPO
As Seoul Guarantee Insurance (SGI) has passed the preliminary evaluation for being listed on the KOSPI stock market, Korea's main benchmark index, their IPO is expected to be completed within the second half of this year.
Wealthiest 1% inherit $175 mil. each on average
Recent data showed that last year's aggregated amount of inheritance and gifted properties has increased by more than double from five years ago. The wealthiest one percent inherited an average of 233.3 billion won ($175 million) per person.
Can Korean economy withstand impact of China's economic risks?
China's deepening property crisis, coupled with growing fears of its economy heading toward deflation, is triggering concerns over spillover effects that could rattle the global economy and eventually affect the Korean economy.
FSC to enhance measures to protect ordinary shareholders
The Financial Services Commission (FSC) plans to come up with measures to improve the share buyback systems of listed companies by the end of this year. The measures are aimed at preventing corporate stock repurchases from being abused by some major shareholders to strengthen their management control, instead of their original purpose of returning value to all shareholders. C...
FSS strengthens partnership with top police investigation agency
The Financial Supervisory Service (FSS) and the National Office of Investigation (NOI) announced, Wednesday, that they have signed a memorandum of understanding (MOU) to strengthen cooperation in combating illegal activities in the capital market. Under the National Police Agency, the NOI is focusing on independent crime investigations.
Korean exporters eligible for W23 tril. in benefits offered by private sector and gov't
Korean exporters will be able to save money spent on transaction fees, while enjoying substantial financial benefits as they venture into new markets overseas. Such benefits, which are part of W23 trillion ($17 billion) in support offered by the government as well as state-owned and private banks, include lowered bank interest rates available for overseas joint venture busine...
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