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.
Shares related to Shinsegae Group surged, buoyed by news that its chairman, Chung Yong-jin, became the first among Korean politicians, diplomats or business leaders to officially hold a face-to-face meeting with U.S. President-elect Donald Trump since his reelection last month.
The Asian Corporate Governance Association (ACGA) has urged Korea’s National Assembly to quickly pass the proposed revision of the Commercial Act, aimed at broadening the fiduciary duties of corporate directors to encompass accountability to shareholders.
Major financial groups have begun discussions to establish emergency management plans as the Korean won has depreciated sharply against the U.S. dollar, driven by growing domestic and international uncertainties stemming from the impeachment crisis surrounding President Yoon Suk Yeol and the incoming Donald Trump administration.
Korea's real estate market is anticipated to attract a remarkably diverse range of investors in 2025. This includes retail investors, pension funds, foreign companies, and international investors, all of whom are expected to play a significant role in the market's growth, according to Richard Hwang, managing director at Cushman & Wakefield Korea.
KB Financial Group and Hana Financial Group, which were excluded from the Korea Value-up Index in September, are set to be added to the list on Friday, raising expectations about whether investor sentiment will recover.
Companies classified as allies of Korea Zinc Chairman Choi Yun-beom have recently been selling their stakes in the world’s largest zinc smelter one after another. The selling spree comes as Choi has been locked in a fierce battle with the MBK Partners-Young Poong alliance for managerial control.
Affinity Equity Partners, a Hong Kong-based private equity firm, is drawing keen attention in Korea’s car rental industry following its acquisitions of the No. 1 and No. 2 players — Lotte Rental and SK Rent-a-Car.
Political uncertainties that had plagued Korea have eased somewhat following the passage of an impeachment motion against President Yoon Suk Yeol at the National Assembly over his failed imposition of martial law. However, concerns about economic volatility remain.
Six out of 10 people from Generation X, aged between 45 and 54, have not yet prepared for their retirement, according to the 2024 trend report published by Woori Financial Group on Monday.
The Financial Supervisory Service (FSS) has put the brakes on Hyundai Motor Securities’ plan for a capital increase worth 200 billion won ($140 million), requesting a corrected filing for the securities registration statement it submitted on Nov. 27.