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.
Global X, the U.S.-based exchange-traded fund (ETF) subsidiary of Mirae Asset Global Investments, aims to enhance its brand influence and pursue new growth opportunities under new CEO Ryan O'Connor.
An average Korean household is surveyed to earn 5.44 million won ($3,928) a month and spend about half of the money (2.76 million won) while allocating 10 percent of the monthly income to debt repayment. Their average assets stand at about 600 million won, with 80 percent of it represented in real estate assets.
The savings banking sector is facing deteriorating profitability and capital soundness amid deepening woes over real estate project financing loans in the country. The sense of crisis has heightened as some savings banks' credit ratings were downgraded to the brink of sub-investment grades, otherwise known as junk bonds or high-yield bonds.
The won-dollar exchange rate briefly surpassed the 1,400 won mark at one point during trade on Tuesday due to escalating global uncertainties, putting Korean businesses on high alert over potential refinancing risks and the threat of mounting foreign debt eroding future earnings.
JB Financial Group Chairman Kim Ki-hong and seven other key members of the management team recently purchased more of the group's shares using their own money, aiming to reinforce shareholder value and demonstrate their strong belief in the company's earnings trajectory, the financial group announced Tuesday.
Following the outocome of the general elections on Wednesday, most politician-themed stocks plummeted, except for stocks related to Rep. Ahn Cheol-soo of the People Power Party, according to market watchers, Friday.
Investors should not miss the opportunity to invest in global high-yield bonds before the start of the interest rate cut cycle by the U.S. Federal Reserve, global asset manager AllianceBernstein (AB) said Friday.
Listed companies will now be required to share thorough details of shareholder proposals they receive and actions taken in order to proceed with proposals to investors in their regular public disclosures, financial authorities announced Thursday.