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 Financial Supervisory Service (FSS) signed a business agreement with five major financial groups — KB, Shinhan, Hana, Woori and NH Nonghyup — as well as Samsung Electronics, Tuesday, to help small- and medium-sized enterprises (SMEs) respond to the climate crisis.
Banks, traditionally focused on managing money, are now shifting their attention to life planning for high-net-worth clients to secure non-interest income. They are expanding their wealth management services beyond finance, offering a range of services from matchmaking for clients to providing information on college admissions for their children.
Tension is rising in the financial sector with the first parliamentary inspection under the 22nd National Assembly approaching. Given a series of controversial incidents surrounding the industry, there is a strong possibility that major figures, including chairmen of financial groups, will be asked to appear at the inspection sessions.
A private association of real estate agents released statistics on Friday showing that apartment prices in Seoul and its surrounding areas actually fell last month, contrary to the government's official announcement that prices had skyrocketed during that period.
The cryptocurrency industry will continue to grow, regardless of which candidate wins the U.S. presidential election this November. This is because cryptocurrency has emerged as a major player in election funding, leading to expectations that more favorable policies will be established, according to a report released by the Upbit Investors Protection Center, Friday.
Private equity firm MBK Partners, which joined hands with Young Poong in a series of disputes over Korea Zinc’s management rights, claimed on Thursday that its tender offer for the world’s largest zinc smelter is not a hostile takeover bid, but an attempt to improve the company’s governance structure.
Koreans, on average, hold debt exceeding twice their annual income, according to data from the Bank of Korea, Wednesday.
All eyes are now on how much of the debt owed by cash-strapped TMON and WeMakePrice will be repaid as the two e-commerce platform operators, which were responsible for a massive payment and refund delay crisis, are set to undergo corporate rehabilitation procedures.
The extent of embezzlement and breaches of trust by executives and employees of companies listed on the KOSPI and Kosdaq markets has totaled nearly 5 trillion won ($3.7 billion) over the past six years. The average trading suspension period for these companies is now approaching the 500-day mark.
Kim Byoung-hwan, chairman of the Financial Services Commission (FSC), cautiously expected that the implementation of stricter rules on household loans may begin producing results this month, as the debt balance tallied during the first week of the month was at half the level of the same period last month.