Korea Times Politics & City Reporter
Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
Hanwha Aerospace, one of Korea's leading aerospace and defense companies, said Wednesday that it secured a 1.38 trillion won ($996 million) arms export contract from Romania.
President Yoon Suk Yeol vetoed a bill for the second time that would have mandated a special counsel investigation into the military's handling of the death of a Marine, according to the presidential office, Tuesday.
Controversy surrounding private Telegram messages sent by first lady Kim Keon Hee to former ruling People Power Party (PPP) interim leader Han Dong-hoon in January has escalated into a significant issue, overshadowing the ruling party's national convention scheduled later this month, according to political pundits, Monday.
Tesla stocks have reclaimed their long-standing title as Koreans' favorite foreign stock earlier this month, a position temporarily lost to Nvidia in May.
Korea's secondary and tech-heavy Kosdaq market is losing its vigor, with its daily average stock trading volume plunging to a seven-month low.
The nominee for the head of the Financial Services Commission (FSC), Korea's top financial regulator, expressed his concerns, Friday, over the country's slated implementation of a financial investment income tax early next year, stating that the tax scheme will negatively affect the country's capital markets.
Korea ranked fourth globally among 20 major countries in terms of monthly average amount of splurge purchases, and a significant portion of the consumption centers around premium alcoholic beverages, a latest Deloitte report said.
MBK Partners, one of the largest private equity firms focusing on East Asia, will acquire Alinamin Pharmaceutical, a Japanese supplement maker, from U.S.-headquartered investment giant Blackstone for around 3 trillion won ($2.1 billion), industry sources said.
CEOs from 16 securities companies have requested financial authorities to reconsider the implementation of the controversial Financial Investment Income Tax scheduled for early next year.
A heated debate is taking place in the Korean business and financial sectors about potentially revising the Commercial Act to expand the fiduciary responsibilities of corporate directors to include protecting the interests of shareholders.