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.
Financial authorities in Korea have established final guidelines to prevent illegal naked short selling. Under these regulations, the authorities plan to complete the computerization of short selling transactions by the end of March, after which such activities will be fully permitted again.
Norges Bank Investment Management (NBIM), one of the world’s largest sovereign wealth funds, has voiced its opposition to a cumulative voting system proposed by Korea Zinc Chairman Choi Yun-beom. The proposed system has also sparked concerns among major institutional investors, including the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), the largest public pension funds in the United States.
Disputes over management rights often have a negative impact on a company’s image.
Financial authorities in Korea took a cautious approach to allowing corporate accounts for virtual asset exchanges, postponing their conclusion in favor of continuing discussions, Wednesday.
Bithumb, the second-largest cryptocurrency exchange by trading volume in Korea, will change its real-name deposit and withdrawal service partner from NH NongHyup Bank to KB Kookmin Bank in March as part of measures to expand its market share, the exchange announced, Monday.
Korea Zinc Chairman Choi Yun-beom and other management officials are expected to face criminal investigations on allegations of unfair trading.
Woori Bank plans to establish the London Trading Center by June this year, aiming to prepare for changes in domestic and global financial conditions and secure new revenue sources, the bank announced Wednesday.
Securities firms in Korea are closely monitoring the potential of security token offerings (STOs) and spot Bitcoin exchange-traded funds (ETFs), anticipating that the virtual asset market will grow with the launch of the second Donald Trump administration later this month.
Six out of nine credit card companies in Korea have replaced their CEOs amid worsening internal and external business conditions, emphasizing the need for change, innovation and survival as key themes for 2025.
An alliance of private equity firm MBK Partners and Young Poong demanded clarification on the relationship between Korea Zinc Chairman Choi Yun-beom and early investors of Igneo Holdings, saying that these investors sold their shares to the zinc smelter in 2022 and made returns exceeding 100 times their initial investment.