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.
Terraform Labs co-founder Do Kwon, who was apprehended in Montenegro over his alleged involvement in a $40 billion cryptocurrency fraud, is slated for extradition to the United States where he could potentially face a more severe sentence compared to what he might receive in Korea.
The Export-Import Bank of Korea (Eximbank) announced Thursday that it signed a memorandum of understanding (MOU) with KfW IPEX-Bank, pledging mutual cooperation for future strategic technology and joint responses on supply chain issues.
Toss Bank has nominated Rhee Eun-mi, former CFO of DGB Daegu Bank, as the sole candidate for its next CEO for a two-year term, the internet-only bank said Wednesday.
Savings deposit accounts owned by companies logged an annual decrease for the first time in 19 years last year, due mainly to the soaring interest rates experienced by the companies.
Upon receiving a conditional approval from the European Union (EU) over the merger between Korean Air and Asiana Airlines, the sale of Asiana Airlines' cargo business has officially kicked off, as selling off the freight arm was part of the conditions to receive the EU grant over the merger deal.
The upcoming regular shareholders meeting season starting next month is expected to see a rise in the number of proxy contests due to the increased activity of various activist funds and minor shareholders submitting shareholder proposals. This trend also corresponds with the government's recent focus on enhancing the corporate valuation of domestic companies in stock markets.
During the past decade, Hillhouse Investment, a global private equity firm (PEF) with its assets under management (AUM) standing at $73.3 billion, has been strengthening investment in the climate technology sector, as the firm sees opportunities in the energy transition and transport industries.
Market attention is now on whether the insurance M&A market could be able to reverse its frozen atmosphere in this year. While some market watchers expect M&A activities in the insurance sector to be revitalized as uncertainties are resolved over the application of the new IFRS 17 global accounting standards, concerns still linger regarding the long-term forecast for the domestic insurance industry, according to industry officials, Friday.
Investors who have incurred significant losses from equity-linked securities (ELS) tied to Hong Kong's Hang Seng China Enterprises Index (HSCEI) have requested the Board of Audit and Inspection of Korea (BAI) to investigate financial authorities. They argue that there have been serious supervisory failures regarding this matter.