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.
With the foreign population in Korea growing rapidly, competition is intensifying among major commercial banks to attract foreign customers, each bolstering services for this previously marginalized group.
Private equity firms (PEFs) are increasingly initiating tender offers, or public takeover bids, over listed companies that they previously invested in, in order to delist them from Korean stock markets.
The stock price of SBI Investment is surging on the news that Korea's leading travel platform Yanolja plans to debut on the U.S. stock market by as early as July.
Non-fungible tokens (NFTs) will be excluded from the scope of virtual assets defined under the Act on the Protection of Virtual Asset Users, which will come into effect July 19. The act will be Korea's first legislation on cryptocurrency and its investor protection.
Samyang Foods' latest decision to further expand its production lines to increase exports of its global hit Buldak Ramen instant noodles has led the food company's stock price on a continual rise. In the past month alone, Samyang's stock price has nearly doubled.
Korea’s stock market accessibility for short-selling has deteriorated due to the country's ongoing short-selling ban, Morgan Stanley Capital International (MSCI) announced Thursday, local time.
Despite the outward appearance of gender equality in the Korean corporate environment, financial and business leaders who attended Wednesday's Korea Times Forum emphasized that it is more important to cultivate a genuinely diverse workplace than merely having a few women on company boards as a formality. This includes enabling women executives and employees to assume similar roles and receive comparable compensation to their male colleagues
The practice of allocating newly issued shares to existing treasury stocks held by corporations during corporate spinoffs will now be prohibited, aiming to curb the misuse of the treasury stock system and to better protect minority shareholders' rights.
Financial Supervisory Service (FSS) Gov. Lee Bok-hyun has pledged to prioritize advancing the Korean capital market system to global standards, emphasizing the key values of fairness and trust, during his remaining term.
SK Group was named the most highly indebted conglomerate in the country for this year, surpassing Hyundai Motor Group for the first time since 2021, according to the Financial Supervisory Service (FSS) earlier this week.