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Reporter : Lee Min-hyung
Sun, December 3, 2023 | 20:15
Samsung Life slapped with warning for poor internal controls
Samsung Life Insurance was issued an administrative warning from the Financial Supervisory Service (FSS) over its poor internal control and risk management system. The watchdog recently sent the message of warning to the insurer, urging it to autonomously improve its risk management capabilities.
Stocks suspected of price manipulation continue to fall
Six stocks listed in the Korean stock market have plummeted in value for three consecutive trading days with no apparent reason amid growing suspicion of price manipulation. Shares of Samchully, Daesung Holdings, Seoul Gas, Sebang, Sun Kwang and Daou Data extended losses of more than 20 percent on Wednesday after suffering double-digit falls during the two previous trading se...
Meritz launches consolidated holding company
Meritz Financial Group completed the incorporation of its securities and insurance arms as its wholly owned subsidiaries, Tuesday, in a move aimed at streamlining key decision-making processes.
Brokerages enjoy hefty earnings growth on unexpected Kosdaq rally
Major securities firms here are forecast to enjoy hefty earnings growth in the first half, as their brokerage commission will improve by a huge margin due to a surprising rally of the country's secondary Kosdaq market.
Lotte Insurance launches Korea travel insurance for foreign tourists
Lotte Insurance has launched an insurance product for foreign tourists visiting Korea in partnership with Creatrip, a Seoul-based travel information platform. One key feature of the product is its simple and easy subscription service.
Securities firms go all-out to attract more retirement pension customers
Securities firms here are going all-out to attract more retirement pension customers amid falling deposit interest rates and an aging population.
Frustration grows as Do Kwon's extradition likely to be delayed
Terraform Labs co-founder Do Kwon's extradition is likely to take much more time, as Montenegrin prosecutors indicted the now-detained crypto fugitive on charges of passport forgery, according to a local report from Pobjeda, a Montenegrin daily.
Physical connectivity key for Korean financial firms to make global leap forward
Most Korean financial firms are still globally disconnected, as few of them attempt to take on challenging and innovative tasks due to the country's outdated network separation rules, a renowned digital expert said in a recent interview with The Korea Times.
Investors urged to avoid steeply rising EcoPro stocks on overvaluation risk
EcoPro shares extended a sharp rally on Tuesday on its surprising triple-digit earnings growth, but market experts advised investors to be aware of overvaluation risks in the Kosdaq-listed leading rechargeable battery maker's stock price.
Tax agency promotes exports of Korean traditional alcohols
The National Tax Service (NTS) has launched a council dedicated to promoting exports of Korea's traditional alcohols, in a bid to tackle a rising liquor trade deficit, the tax agency said Tuesday. The K-Liquor Promotion Council pledged to rebrand the identity of Korean alcohols by developing proper naming that can better represent all the exported alcoholic products.