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Sat, December 3, 2022 | 01:34

Hana chairman pledges to capitalize on MSCI's trend outlook for ESG

Hana chairman pledges to capitalize on MSCI's trend outlook for ESG

Hana Financial Group Chairman Ham Young-joo pledged to capitalize on environmental, social and corporate governance (ESG) trends as predicted by Morgan Stanley Capital International (MSCI), a global index provider, on its path to take a global lead on sustainable finance.

2022-11-06 16:50

Securities firms eye overseas markets amid stock market slump

Securities firms eye overseas markets amid stock market slump

Local securities firms are moving to expand their footing overseas, in a desperate bid to make up for declining earnings in the domestic market, which has been experiencing continuing bearish sentiment. According to data from market tracker FnGuide, Korea's top six securities firms - including Mirae Asset Securities and Samsung Securities - are forecast to have generated comb...

2022-11-04 16:10

Challenges to corporate integrity heightened amid pandemic: report

Challenges to corporate integrity heightened amid pandemic: report

While most corporate leaders and professionals agree that corporate integrity is becoming ever more important, they also say the pandemic has made it harder to conduct business with integrity.

Anna J. Park | 2022-11-03 17:07

FSS to conduct regular inspection on Mirae Asset Securities

FSS to conduct regular inspection on Mirae Asset Securities

The Financial Supervisory Service (FSS) will conduct a regular inspection on Mirae Asset Securities for the first time in four years. According to the financial industry Wednesday, the FSS recently sent an official document to the brokerage firm, asking for their cooperation. The inspection is slated to take place at the headquarters of the securities company in central Seoul...

Anna J. Park | 2022-11-02 16:26

Koramco selected Asia sector leader by global ESG evaluator

Koramco selected Asia sector leader by global ESG evaluator

Koramco REITs Management and Trust was selected as the office sector leader in Asia according to a global environmental, social and corporate governance (ESG) benchmark. According to the country's leading REIT asset management firm, Global Real Estate Sustainability Benchmark (GRESB) picked it as the top performer in Asia's office sector.

2022-11-02 14:42

Samsung Electronics picks Samjong KPMG as auditor

Samsung Electronics picks Samjong KPMG as auditor

Samsung Electronics has selected Samjong KPMG as its external auditor for the next three fiscal years. It is the first time ever that the accounting firm has been selected as the external auditor of the nation's largest company by market cap. The announcement came as a surprise to the local accounting industry, as it is also the first time in decades that Samsung Electronics ...

Anna J. Park | 2022-11-01 16:31

Top 5 financial groups to supply $67 bil. to stabilize market

Top 5 financial groups to supply $67 bil. to stabilize market

Five major financial groups here have decided to provide ample liquidity worth 95 trillion won ($67 billion) by the end of this year in a bid to ease a bond market crunch and stabilize local financial markets. During a meeting with Financial Services Commission (FSC) Chairman Kim Joo-hyun on Tuesday morning, the chairmen of the five groups pledged to inject a total of 73 tril...

Anna J. Park | 2022-11-01 16:22

Renault Financial Services Korea changes name to Mobilize Financial Services

Renault Financial Services Korea changes name to Mobilize Financial Services

Renault Financial Services Korea, Renault Korea Motors' automotive captive, changed its name to Mobilize Financial Services, starting Nov. 1. With the new brand name, it aims to become the brand reference for Renault Korea Motors customers, offering a complete range of services related to the use of their cars.

2022-11-01 12:00

K bank to delay IPO to early next year

K bank to delay IPO to early next year

K bank has decided to delay its initial public offering to early next year, amidst worsening investor sentiment and growing market concerns. According to the financial industry Monday, the country's first internet-only bank has recently notified its financial investors that it would change its target timeline for the IPO to January. Since passing the preliminary examination f...

Anna J. Park | 2022-10-31 16:43

Industrial output falls for 3rd month; retail sales, facility investment retreat in Sept.

Industrial output falls for 3rd month; retail sales, facility investment retreat in Sept.

Korea's industrial output fell in September for the third month in a row, data showed Monday, with retail sales and facility investment also losing ground, hinting the country's economic recovery may be losing steam.

2022-10-31 10:02

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