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.
Viva Republica, the operator of financial super app Toss, has kicked off procedures for its initial public offering (IPO), as the firm aims to select lead underwriters for the listing process.
The wealth standard for being categorized as rich in Korea has nearly doubled during the past decade, from 11.4 billion won ($8.7 million) in 2012 to 18.7 billion won in 2021, while the proportion of the inherited wealthy stayed unchanged at around 60 percent over the decade. Furthermore, increasingly more people think that the minimum wealth threshold to be considered rich is 30 billion won.
Stocks and gold are the most promising medium- and long-term investments for wealthy Koreans, with their sentiment for real estate investments turning negative compared to a year ago, according to the latest report released by KB Financial Group, Sunday.
Major KOSPI-listed companies will be obliged to issue public disclosures in English from January next year, Korea's top financial regulator said Sunday.
KB Financial Group's CEO recommendation committee announced leadership changes in six of its subsidiaries on Thursday. Out of the eight CEOs of the financial group's affiliates whose terms expire at the end of the year, six are to be replaced through personnel reshuffles.
Korea's population is projected to continue on a downward spiral over the next 50 years, declining to 36.2 million by 2072 from the current 51.7 million, according to Statistics Korea's latest report released on Thursday.
The stock price of Wider Planet, a big data-driven targeting advertisement platform, has hit a daily upper limit of 30 percent increase for three consecutive sessions. The stock price ended at 8,150 won ($6.2), a 29.98 percent jump from the previous session.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun called on the boards of directors of financial holdings companies, Tuesday, to enhance fairness and transparency in the appointment process of CEOs and outside directors to improve corporate governance.
Mirae Asset Global Investments is slated to complete a merger with Multi Asset Global Investments, a subsidiary of the asset management firm, by next March.
The monthly usage of Alipay+ transactions at offline merchants in Korea has soared by more than 700 percent from January to October this year, demonstrating the global payment service's increased availability and presence in the country.