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Reporter : Anna J. Park
Sat, September 23, 2023 | 19:18
Financial authorities seek to break banking industry's oligopoly
Korea's top financial regulator has vowed to lower entry barriers to the local banking industry by expanding accreditations of banking licenses to competent new players, a measure aimed to foster healthy competition in the local banking sector.
Korea to overhaul immigration, visa policies to foster future growth
Facing the challenge of a slowing economy with an aging and shrinking population, the Korean government will adopt a more open immigration policy as a means to strengthen foundations for future growth, the finance ministry said Tuesday.
FSS suspects Kakao Pay of receiving kickbacks
Kakao Pay has allegedly received illegal kickbacks from NICE Information & Telecommunication, a Korea-headquartered company providing integrated payment services through a credit card value-added network (VAN).
[ANALYSIS] Why foreigners are selling Naver, Kakao stocks
The prices of two major Korean Big Tech stocks, Naver and Kakao, have continued to falter over the past few months. This is in stark contrast to the stock prices of Big Tech firms in the U.S. that have increased into the double digits, fueled by the growing artificial intelligence sector.
KONEX market celebrates 10th anniversary
The Korea New Exchange (KONEX) market, a local securities exchange exclusive for small and medium-sized enterprises and startup companies, marks its 10th anniversary this summer. Since its establishment on July 2, 2013, the total market cap of the bourse market has grown by over tenfold to 4.2 trillion won ($3.2 billion) from 400 billion won a decade ago.
Newly listed stocks' fluctuations increase with higher price cap rule
With the implementation of the new higher price cap rule applying to newly listed stocks starting last week, stocks that went public this past week have shown rollercoaster-like fluctuations.
[INTERVIEW] Star analyst-turned-CEO launches his own private equity firm
Hwang Sang-youn is a trailblazer who has not hesitated to change his life's path during the last three decades of his career. His diverse work experiences as a stellar engineer, stock analyst, CFO and CEO led the 52-year to establish a private equity company of his own, Aimbridge LLC, earlier this year.
Korean insurance companies seek new growth engine in Vietnam
Faced with the limitations of an aging and shrinking population, Korean insurers are looking to the Vietnamese market and its population of nearly 100 million for expansion.
CJ CGV's rights offer drags down other CJ unit shares
Upon the announcement of CJ CGV's 1 trillion won ($767 million) paid-in capital increase plan earlier this week, the stock prices of CJ CGV, as well as other CJ subsidiaries and holding company, have plunged this week, showing markets' deteriorated investor sentiment over the plan. According to the Korea Exchange (KRX), the bourse operator, CJ CGV's stock price closed at 9,95...
Financial firms to adopt 'responsibilities map' to strengthen internal controls
Financial authorities have announced a set of new rules governing financial firms' internal controls, aiming to prevent recurring financial crimes or accidents that incur customer losses.
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