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.
An alliance between private equity firm MBK Partners and Young Poong has acquired more than 5 percent of Korea Zinc's total outstanding shares through a monthlong tender offer, giving them a strategic advantage in the battle for management control of the world’s largest zinc smelter, according to investment banking (IB) industry insiders.
The end of the Bank of Korea’s (BOK) prolonged policy interest rate freeze is bringing mixed reactions across different financial sectors. While some sectors such as credit card firms may benefit from the change, others such as banks are apprehensive about the potential impacts on their profitability.
Financial authorities are gearing up for launching the tentatively named virtual asset committee by holding its kick-off meeting as early as this month, officials said Sunday.
The total amount of taxes paid abroad by Korean corporations reached a record high of 7.64 trillion won ($5.6 billion) last year, according to Rep. Cha Gyu-geun of the minor liberal Rebuilding Korea Party, Thursday. This is an increase of approximately 4.4 trillion won compared to 2019.
Woori Financial Chairman Yim Jong-yong said Thursday that he would take responsibility for any issues for which he should be held accountable regarding a substantial amount of inappropriate loans extended to relatives of the lender's former chief.
Returns on China-related exchange-traded funds (ETFs) listed in Korea are soaring, as the Chinese stock market has been surging since the Chinese government announced a large-scale economic stimulus package at the end of last month.
The number of financially struggling small- and medium-sized enterprises (SMEs) is on the rise amid sluggish domestic demand resulting from the prolonged period of high interest rates and inflation.
Major banks are increasingly expanding their collaborations with fintech companies in order to leverage these platforms to attract more customers.
The Council on International Financial Cooperation (CIFC) launched its inaugural Visiting Professionals Program (ViPP), Monday, by inviting two director-level officials from Indonesia’s Financial Services Authority (OJK) to Korea to conduct joint research.
A battle for the management rights of Korea Zinc has reached its peak, as an alliance between private equity firm MBK Partners and Young Poong raised the tender offer price to 830,000 won ($620), Friday, to gain a controlling stake in the world’s largest zinc smelter.