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.
Starting Wednesday, financial companies will officially be obligated to submit their own responsibilities map — a comprehensive document aimed at strengthening internal control by assigning detailed responsibilities to each executive, financial regulators announced Tuesday.
Korean conglomerates have raised capital through corporate bond markets at an all-time high level during the first half of this year due mainly to favorable market conditions for refinancing amid anticipated interest rate cuts within the year.
Korea's annual economic growth rate could drop by 0.38 percentage points over the next decade as the 9.54 million born in the "second baby boom" between 1964 and 1974 reach retirement age, a Bank of Korea (BOK) report warned.
Woori Bank and Samsung Fire & Marine Insurance have formed a strategic partnership to jointly address Korea's low birthrate crisis, the bank announced on Sunday.
One of the key factors contributing to Toss Securities' achievement of an annual net profit in fewer than three years since its launch in early 2021 is Toss' super-app strategy, along with the active investor community within the online brokerage app, the firm's head of finance said.
Genesis BBQ Group, Korea's representative chicken franchise business, is undergoing a tax investigation by the National Tax Service (NTS), industry sources said.
Kbank, Korea's very first internet-only bank launched in 2017, is expected to apply for a preliminary listing review to the Korea Exchange (KRX) later this week, aiming to complete the bank's long-anticipated initial public offering process by the end of this year.
KakaoBank has rolled out a new foreign exchange (FX) service called Dollar Box, designed to introduce innovations in the FX market for its 24 million digital banking users.
The Korean stock market's accessibility to foreign investors has improved significantly since the scrapping last December of a mandatory requirement for foreign investors to register their identities before making investments in Korea, the top financial regulator said Friday.