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.
The battleground for control of Korea Zinc has shifted from a shareholders' meeting to the courts, as Chairman Choi Yun-beom faces an injunction request made by the alliance of private equity firm MBK Partners and Young Poong to suspend the validity of the resolutions passed at the extraordinary shareholders' meeting on Jan. 23.
The alliance of private equity firm MBK Partners and Young Poong said on Friday that it will take legal action against Korea Zinc Chairman Choi Yun-beom and other management officials for proceeding with their extraordinary shareholders’ meeting the previous day without recognizing Young Poong’s 25 percent stake.
Korea Zinc Chairman Choi Yun-beom, who has been engaged in a monthslong battle over management control against the alliance of Young Poong and private equity firm MBK Partners, secured a victory at an extraordinary shareholders’ meeting, Thursday. They passed an agenda in his favor, including the introduction of a cumulative voting system.
Hanwha Life has signed a series of partnerships with global investment firms, including SoftBank Ventures Asia (SBVA) and Celadon Partners, on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, the company said Thursday.
Upbit, Korea’s largest cryptocurrency exchange, has decided to sponsor Byun Jae-young, a teenage athlete dubbed a taekwondo poomsae prodigy, in a bid to contribute to the expansion of lesser-known sports.
New York-based fintech company, Blue Ocean Technologies, which supports global investors in trading after U.S. market trading hours, has opened a new office in Seoul.
Lee Bok-hyun, center, governor of the Financial Supervisory Service (FSS), poses with CEOs of 10 foreign financial companies, including Hans Vranken, fourth from left, CEO of AXA General Insurance, and Ha Jin-soo, third from right, co-branch manager of J.P. Morgan Securities, at FSS headquarters in Seoul, Tuesday. During the meeting, Lee urged the CEOs to focus on their business activities, and trust in the resilience of the Korean financial market and the capabilities of the policy authorities amid internal and external uncertainties. Courtesy of FSS
A Seoul court ruled in favor of the alliance of private equity firm MBK Partners and Young Poong, Tuesday, concluding that Korea Zinc’s directors cannot be appointed through a cumulative voting system at the firm’s extraordinary shareholders’ meeting scheduled for Thursday.
Financial authorities in Korea have decided to overhaul systems related to the listing and delisting of companies to enhance the qualitative standards of the domestic stock market.
Tension is mounting in the virtual asset industry as it braces for a series of inspections and sanctions by financial authorities. The virtual asset market was brought under the nation's regulatory framework last July with the implementation of the Act on the Protection of Virtual Asset Users.