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.
Korea’s private equity market has experienced dramatic growth over the past 20 years, since the country implemented the Indirect Investment Asset Management Business Act in 2004 to allow domestic capital to enter the corporate restructuring market.
Korea’s top court upheld a two-year prison sentence for Cho Kuk, the former leader of the minor opposition Rebuilding Korea Party, Thursday, confirming multiple charges, including abuse of power and university admission fraud involving his children.
President Yoon Suk Yeol would choose to face impeachment proceedings rather than voluntarily leave the position, as he was booked as a suspect on treason charges and barred from traveling overseas following his abrupt declaration of emergency martial law on Dec. 3, according to ruling party lawmakers and media reports on Wednesday.
Korea Zinc Chairman Choi Yun-beom and the MBK Partners-Young Poong alliance’s battle for managerial control of the world’s largest zinc smelter is at a critical juncture, as the MBK side, despite being the largest shareholder, has expressed uncertainty about securing a victory.
Three financial affiliates of Hanwha Group — Hanwha Life, Hanwha General Insurance and Hanwha Asset Management — opened the Hanwha AI Center (HAC) in San Francisco, with the goal of closely collaborating with the local ecosystem in the heart of the AI industry.
The Korean stock market is expected to remain weak for the time being as political and economic uncertainty, caused by President Yoon Suk Yeol’s abrupt declaration of martial law on Dec. 3, prolongs following the National Assembly’s failure to impeach Yoon on Saturday.
Various economic policies pushed by the Yoon Suk Yeol government are losing momentum as the country is suffering a leadership vacuum amid intense controversy over Yoon's surprise declaration and subsequent lifting of martial law last week, which left the country in political turmoil.
Shinhan Financial Group undertook a major personnel overhaul on Thursday, replacing the heads of nine out of 13 subsidiaries. This marks a significant shift from last year’s approach of retaining all subsidiary CEOs for the sake of stability.
Korean airlines are suffering a significant blow in the stock market in the aftermath of President Yoon Suk Yeol’s short-lived imposition of emergency martial law, which has been leading to a high exchange rate, coupled with the perception of Korea as a travel-risk country by major nations.
Stocks of companies linked to key political figures cited as potential presidential candidates surged on Wednesday amid increasing calls for President Yoon Suk Yeol to resign following his sudden declaration of emergency martial law the day before.