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.
Financial authorities emphasized the stability of the Korean financial market with a firm determination to maintain the robust market order, aiming to allay foreign investors' concerns over the country's real estate project financing risks and the latest increase in banks' delinquency rates.
As the Hang Seng China Enterprises Index (HSCEI) has recently been showing a bullish recovery, expectations are growing that Korean investors' estimated losses in Hong Kong stock market-tied equity-linked securities (ELS) products might be brought down.
The Financial Supervisory Service (FSS) discovered violations of the rules on short selling by seven more global investment banks, on top of BNP Paribas and HSBC. The two global banks have already been confirmed by the state-run financial watchdog agency to have conducted illegal short selling practices.
Hanwha Life acquired a 40 percent stake in Indonesia's Nobu Bank earlier this month, expanding Hanwha's financial portfolio in the Southeast Asian market, the insurance firm announced Monday.
Amid intensifying feuds between HYBE and its sub-label Ador CEO Min Hee-jin, the monetary value of the 18 percent stake in Ador held by Min may be reduced to about 2.8 billion won ($2 million), from the currently estimated 100 billion won, if Min is found guilty of breach of duty by the courts, industry insiders say.
Osstem Implant, owned by the joint consortium of MBK Partners and UCK Partners, has recently acquired Brazil's third-largest dental implant firm, Implacil de Bortoli, aiming to make a foray into the fast-growing Latin American dental market, according to industry sources.
The stock prices of four major Korean entertainment companies went into a tailspin, largely triggered by a highly-publicized conflict at HYBE, the management company behind K-pop titan BTS. Market watchers suggest that the ongoing dispute plaguing Korea's largest entertainment company in terms of market capitalization eroded investor confidence in the overall Korean entertainment sector.
Prior to MBK Partners' official announcement of its tender offer plan for Kosdaq-listed ConnectWave on Monday, both of their stocks' trading volumes and prices experienced an exceptional surge during Friday's trading session.
Enhancing the independent role of the board of directors and audit committee within a company is paramount in improving corporate governance, the head of the Samil PwC Governance Center said.
Michael ByungJu Kim, founder and chairman of global private equity firm MBK Partners, has donated $25 million (35 billion won) to Haverford College, his alma mater located in the U.S. state of Pennsylvania, earlier this month, continuing his manifold charitable activities.