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Reporter : Anna J. Park
Mon, September 25, 2023 | 05:57
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.
Korea still faces 5 investor-state dispute cases pending at tribunals
A five-year legal battle between the Korean government and activist fund Elliott Investment Management over a controversial merger of two Samsung Group affiliates has finally reached a conclusion following a ruling by an international tribunal.
Special listing track rules for tech firms to be eased to spur investment
The Korean government plans to overhaul requirements for the special listing track, which applies to exceptional tech innovators and startups, aiming to stimulate active investment into the venture capital sector.
Seoul Guarantee Insurance kicks off IPO process
Seoul Guarantee Insurance (SGI) has officially entered a listing process and is expected to become the first state-run company to debut on the main benchmark KOSPI since 2010.
Financial authorities to ease regulations on overseas business expansion
The Financial Services Commission (FSC), the country's top financial regulator, vowed to ease regulations related to financial companies' overseas operations, aiming to raise the Korean financial sector's global competitiveness.
ABL's whole life insurance plan offers additional death benefit
ABL Life Insurance's “ABL The Dream Whole Insurance Policy” guarantees an additional death benefit, once insurance premiums are fully paid. The insurance policy plan was launched in August 2021.
Korean content production firms to debut on Nasdaq via SPAC merger
Seven Korean content production companies, including The Lamp, which produced one of Korea's highest-grossing films, “A Taxi Driver,” are set to make their U.S. stock market debuts on the Nasdaq via a SPAC merger as early as the fourth quarter of this year, according to the companies involved.
Banks to improve services for visually impaired customers
Visually impaired people will be able to do their banking business on their own at major local banks by the end of next month. So far, banks have usually required these customers to be accompanied by a guardian, when they plan to open an account or subscribe to banking products.
Local securities firms' reliance on investment banking profit falls to 6-year low
As domestic securities companies' commission revenues from the investment banking sector have continued to drop, the proportion of commission profit from investment banks in the total earnings of local securities firms has fallen to its lowest level in the past six years. In terms of an absolute amount, the commission profit from the investment banking sector has also decline...