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Jun Ji-hye

Korea Times Finance Reporter

Hello, I am Jun Ji-hye, a reporter at The Korea Times. I primarily cover financial authorities and write articles on a wide range of topics related to finance and capital markets. If you have any information to share, feel free to email me at jjh@koreatimes.co.kr, and I will review it carefully. I am committed to always doing my best to communicate with readers through high-quality articles.

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Banking & Finance

2 scholars win awards from accounting association, Deloitte Anjin

Two accounting scholars — Yoon Jae-won at Hongik University and Lee Han-sol of Kangwon National University — have been named the 2026 recipients of the Korean Accounting Association-Deloitte Anjin Academic Award for their research contributions to capital market integrity and corporate governance reform, Deloitte Anjin said. The prize is organized by the Korean Accounting Association and sponsored by Deloitte Anjin, one of the Big Four accounting firms in Korea. The presentation ceremony was held on Wednesday at Deloitte Korea’s headquarters in Seoul. Yoon received the Honors Award, a distinction granted to established mid-career academics who have demonstrated consistent and influential scholarship in areas such as accounting transparency and governance systems. She has examined core issues including accounting standards and internal control over financial reporting. More recently, her academic focus has shifted toward evolving regulatory and institutional practices, including environmental, social and governance reporting and XBRL-based financial reporting systems. She joined Hon

Feb 13, 2026By Jun Ji-hye
2 scholars win awards from accounting association, Deloitte Anjin
Others

PHOTO KOSPI soars past 5,500 for 1st time

The KOSPI value is displayed on an electronic board in the dealing room of Hana Bank’s headquarters in Seoul, Thursday. The benchmark index closed at 5,522.27, up 167.78 points, or 3.13 percent, from the previous trading session, surpassing the 5,500-point mark for the first time. Yonhap

Feb 12, 2026By Jun Ji-hyephoto
[PHOTO] KOSPI soars past 5,500 for 1st time
Cryptocurrency

Bithumb faces potential class action lawsuit over mistaken bitcoin payout

Some investors affected by Bithumb’s erroneous distribution of 620,000 bitcoins are considering bringing a class action lawsuit against the cryptocurrency exchange, legal sources said Thursday. The affected users include those whose holdings were forcibly liquidated or sold at sharply lower prices during the sudden plunge triggered by the mistaken transfer. Although Bithumb promptly offered a 110 percent compensation package, which covers 100 percent of losses plus an additional 10 percent, some users are reportedly inquiring about claims for emotional distress damages. Law firm Ahnpark & Partners recently outlined legal issues surrounding the incident in a blog post, stating, “We have been receiving inquiries about the feasibility of seeking damages and pursuing a class action lawsuit.” An official at a Seoul-based law firm, who asked not to be named, said, “The number of inquiries is not yet large enough to move forward with an actual class action, but we have received some consultation requests and are monitoring how the situation unfolds while reviewing possible response str

Feb 12, 2026By Jun Ji-hye
Bithumb faces potential class action lawsuit over mistaken bitcoin payout
Companies

MBK, Young Poong propose codifying fiduciary duty, stock split at Korea Zinc

The alliance of MBK Partners and Young Poong, the largest shareholder of Korea Zinc, has officially submitted shareholder proposals calling for the codification of directors’ fiduciary duty to shareholders in the company’s articles of incorporation and for a stock split of its outstanding shares, the alliance said Thursday. The proposals are intended to restore shareholder value that the alliance claims has been undermined by flawed corporate governance. It added that the measures are aimed at reinstating proper checks and balances within the company by ensuring that both the board of directors and the shareholders’ meeting operate as intended. The alliance has been challenging Chairman Choi Yun-beom’s control of the company since launching a tender offer on Sept. 13, 2024. “To begin with, MBK Partners and Young Poong have called for the explicit inclusion of directors’ fiduciary duty to shareholders in Korea Zinc’s articles of incorporation,” an MBK official said. “The proposal carries considerable market significance, as it represents the first known case of a contro

Feb 12, 2026By Jun Ji-hye
MBK, Young Poong propose codifying fiduciary duty, stock split at Korea Zinc
Banking & Finance

Savings banks step up push into foreigner finance

Korean savings banks are stepping up efforts to tap the foreigner finance market, which has traditionally been dominated by commercial lenders, amid a steady rise in the country’s foreign resident population, industry officials said Wednesday. Data from the Ministry of Justice showed that the number of foreign nationals living in Korea increased steadily from 1.96 million in 2021 to around 2.83 million as of October last year, marking a record high. They now account for more than 5 percent of the nation’s total population. As their presence grows, so does their share of financial activity, including spending, payments and cross-border remittances. In response, savings banks have begun rolling out a range of tailored products for international customers, such as specialized savings accounts, installment plans, payment cards and loan programs. The focus is on addressing gaps in access to financial services, which migrant workers often find difficult to obtain. Savings banks see an opportunity to leverage their experience in providing mid-rate loans to low- and mid-credit borrowers, al

Feb 12, 2026By Jun Ji-hye
Savings banks step up push into foreigner finance
Cryptocurrency

Bithumb CEO vows broad compensation over 'ghost coin' incident

Bithumb CEO Lee Jae-won acknowledged weaknesses in the cryptocurrency exchange’s internal control system in connection with its unprecedented bitcoin misallocation incident, pledging Wednesday to provide comprehensive compensation to affected users. He said the country’s second-largest crypto exchange would determine the full scope of compensation based on complaints filed in the aftermath of the case, adding that losses stemming from panic-driven selloffs and forced liquidations would be eligible for relief. “We deeply regret our failure to promptly detect abnormal increases in account balances caused by the erroneous distribution,” Lee said during an appearance before the National Assembly. “Monitoring mechanisms, alert systems and other internal safeguards were insufficient to quickly identify and address the problem.” Regarding damage assessment, Lee said the exchange currently recognizes two primary categories for compensation — panic selling that occurred during the disposal of 1,788 bitcoins and some 30 cases of forced liquidation that followed. “We will expand the

Feb 11, 2026By Jun Ji-hye
Bithumb CEO vows broad compensation over 'ghost coin' incident
Banking & Finance

Mirae Asset's European ETF arm surpasses $8 bil. in assets 5 years after entry

Global X Europe (GX EU), the European exchange-traded fund (ETF) subsidiary of Mirae Asset Global Investments, has surpassed $8 billion in assets under management (AUM), the company said Tuesday. GX EU managed $8.03 billion in assets as of the end of January, a milestone reached about five years after the firm entered the European ETF market. The company posted especially strong growth last year, with AUM jumping 214.6 percent, the fastest expansion among ETF providers in Europe. Over the past three years, its growth has also far exceeded the average pace of both the European and global ETF markets. The European ETF market ranks second in the world in terms of AUM, after the United States. GX EU has positioned itself to capitalize on structural changes in the European investment landscape by focusing on the ETF savings plan market as a key growth engine. This segment, which enables automated, low-amount investments, has expanded rapidly through so-called neo banks, or fintech companies, and is projected to grow from about $275 billion in 2024 to $673 billion by 2028. Having already liste

Feb 10, 2026By Jun Ji-hye
Mirae Asset's European ETF arm surpasses $8 bil. in assets 5 years after entry
Cryptocurrency

Bithumb bitcoin mishap casts doubt on CEO Lee Jae-won's third term

Bithumb CEO Lee Jae-won’s reappointment for a third term, once considered all but certain, has been thrown into doubt following the cryptocurrency exchange’s unprecedented bitcoin misallocation, industry officials said Tuesday. Lee had been widely expected to secure a third consecutive term in March, but the massive mishap, valued at over 60 trillion won ($41 billion), has raised serious concerns about fundamental weaknesses in the exchange’s internal control frameworks and ledger management systems. The incident happened Friday, when the country’s second-largest cryptocurrency exchange sought to credit customers participating in a promotional campaign with 2,000 won worth of bitcoin per person. Instead, an employee mistake resulted in each participant receiving 2,000 bitcoins, rather than 2,000 won, pushing the total misallocated amount to 620,000 bitcoins. At the time, bitcoin was trading near 98 million won, valuing the error at about 62 trillion won. According to Bithumb’s third-quarter report last year, the exchange held only about 42,800 bitcoins, meaning the payout exce

Feb 10, 2026By Jun Ji-hye
Bithumb bitcoin mishap casts doubt on CEO Lee Jae-won's third term
Cryptocurrency

Financial watchdog plans massive probes into Bithumb after 'ghost' bitcoin fiasco

The Financial Supervisory Service (FSS) will launch targeted probes into high-risk areas that could significantly disrupt order in the virtual asset market following the recent bitcoin payment mishap at Bithumb, FSS Gov. Lee Chan-jin said Monday. Lee said the incident exposed structural weaknesses in virtual asset information systems, underscoring the need for corrective measures. Financial authorities have already set up an emergency task force to examine not only Bithumb but other virtual asset exchanges as well, focusing on management practices, operational conditions and internal control frameworks. Lee also vowed to support the country’s second phase of virtual asset legislation, under which exchanges could be required to adopt internal control standards comparable to those imposed on traditional financial institutions. “We will carry out planned investigations into major high-risk areas in the virtual asset market where unfair trading practices, such as market manipulation and the dissemination of false information, are a concern,” Lee said during a press briefing on the watc

Feb 9, 2026By Jun Ji-hye
Financial watchdog plans massive probes into Bithumb after 'ghost' bitcoin fiasco
Policy

Korea weighs delisting penny stocks to boost capital market

Financial authorities are reviewing measures to make stocks trading below 1,000 won ($0.68) per share subject to delisting, as part of the Lee Jae Myung administration’s push to revitalize the domestic capital market, government officials said Sunday. Data from the Korea Exchange show that the number of so-called penny stocks listed on the Kosdaq stood at 170 as of Friday, accounting for about 10 percent of the secondary bourse's 1,822 listed companies. While the figure has edged down slightly from 178 at the start of this year, it represents a sharp 38.2 percent increase from early 2024, when 123 such stocks were listed. Over the same period, the Kosdaq index climbed from 878.93 to 1,080.77, indicating that the increase in penny stocks happened despite a broader market upswing. On the country’s main bourse, the KOSPI, 56 stocks were classified as penny stocks as of Friday. These stocks are typically associated with high volatility and are often viewed as prone to speculative trading and price manipulation. Against this backdrop, authorities are reviewing whether penny stocks should b

Feb 8, 2026By Jun Ji-hye
Korea weighs delisting penny stocks to boost capital market
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