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.
Amid expectations of major financial disputes over banks' sales of equity-linked securities (ELS) products related to the Hang Seng China Enterprises Index (HSCEI) starting early next year, financial authorities have been preparing to draw up compensation standards, aiming to launch a dispute settlement process for the matter swiftly.
The share prices of food conglomerate Daesang Group have soared since Minister of Justice Han Dong-hoon and actor Lee Jung-jae had dinner together at a local restaurant in southern Seoul in late November.
If Korea fails to raise the current birthrate — the lowest in the world — with appropriate policy measures, the country's growth rate may fall below zero percent by 2050 with its population dropping below 40 million by 2070, the central bank warned in a report.
Marking the 18th anniversary of the founding of Hana Financial Group, Ham Young-joo, group chairman, declared the group's new vision of becoming a financial group that pursues shared growth alongside the community. Ham emphasized the values of co-prosperity with society and the sense of sincerity concerning the group's financial services for its customers.
With just two years passing since its launch in October 2021, Toss Bank posted a net profit of 8.6 billion won ($6.6 million) for the third quarter of this year, marking its first quarterly profit, according to the bank, Thursday.
Korea's two major streaming services Tving and Wavve have recently begun merger talks, aiming to increase their market dominance by creating the country's largest over-the-top (OTT) platform with some 10 million monthly active users (MAU).
The Financial Services Commission (FSC) has decided to impose a disciplinary action of a three-month suspension on KB Securities CEO Park Jeong-rim in relation to the mis-selling of problematic funds such as Lime and Optimus.
Korea's total fertility rate during the third quarter stood at 0.7, the lowest-ever for a third quarter.
Financial Supervisory Service (FSS) Governor Lee Bok-hyun strongly criticized banks over their possible mis-selling of equity-linked securities (ELS) products, as large-scale losses are expected during the first half of next year due to the plunge of the Hang Seng China Enterprises Index (HSCEI).