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.
An employee of Mirae Asset Securities was found to have forged a convertible loan agreement (CLA) worth $210 million without approval from the securities firm's official investment committee, leaving the company vulnerable to potential damages in global legal disputes.
Financial authorities have begun an overhaul of internal control regulations in the consumer credit sector, with implementation expected next year. The move follows strengthened internal controls in the banking sector.
Kyobo Life Insurance Chairman and CEO Shin Chang-jae was named this year's Insurance Hall of Fame Laureate, one of the global insurance industry's most prestigious recognitions, often referred to as the "Nobel Prize of Insurance."
Financial Services Commission (FSC) Chairman Kim Joo-hyun has urged representatives from various financial industries to alleviate the difficulties borne by self-employed businesses and small store owners across the country.
A pure gold ring has long been a traditional gift in Korea, given on the occasion of a baby's first birthday, a blessing of health and security for the infant.
Financial authorities in Korea announced on Sunday a complete ban on short selling from Monday until the end of June next year. The temporary ban was announced after financial authorities discovered rampant illegal short selling practices by global investment banks.
ABL Life Insurance has failed to find a new owner after private equity firms (PEFs) that were pursuing the acquisition of the life insurer have all pulled out, resulting in the cancellation of the sale process.
The National Pension Service (NPS) is poised to engage more actively in its investment into Kakao, Korea's major big tech conglomerate.
While the number of domestic real estate properties owned by foreigners in Korea is continuously increasing, Chinese nationals account for nearly 60 percent of all domestic mortgage loans to foreign nationals in Korea.