Korea Times AI content 2 team Reporter
Value context and insight. lkm@koreatimes.co.kr
A growing number of brokerages are looking for new U.S. trading service providers to replace the widely-criticized Blue Ocean US Equities, frustrated by five months of service disruptions after the de facto exclusive provider of daytime trading unilaterally halted services for Korean retail investors, market watchers said Wednesday.
Chris Mainwaring-Taylor, an international arbitration and construction disputes specialist and former partner at Allen & Overy (A&O), a prestigious law firm in Britain, has joined Bae, Kim & Lee, the leading Korean law firm said.
Removing uncertainties both within the country and abroad to bolster the livelihoods of the public will be the top government priority for 2025 in weathering the martial law fiasco, the country’s acting president said in his New Year’s address, released Tuesday.
Corporate financial soundness indicators for the country’s top five financial groups are deteriorating, hamstrung by the plunging value of the Korean won against the U.S. dollar in the aftermath of President Yoon Suk Yeol’s botched attempt to declare martial law and the ensuing political uncertainties, market watchers said Monday.
Sales at eateries and entertainment spending dropped 4 percent in the first 20 days of this month, compared to the same period of November, eroded by a short-lived imposition of martial law and subsequent impeachment proceedings, according to market watchers.
NH NongHyup Financial Group named former Financial Supervisory Service (FSS) Senior Deputy Gov. Lee Chan-woo as a candidate for the new chairman, the group said Sunday.
Korea remains slow to embrace spot Bitcoin exchange-traded funds (ETFs) compared to more financially advanced crypto markets, which undercuts the otherwise exceptional growth potential and overall market vibrancy, a noted cryptocurrency expert said.
Kim, an owner of a coffee house in Seoul, said he recently filed a form with KBIZ, a group that represents the interests of over 8 million small and medium-sized businesses, seeking a payout due to the closure of his business.
The government appointed a former top financial regulator as a special envoy for international cooperation in finance to address concerns from the international community about Korea’s economy in the aftermath of President Yoon Suk Yeol's botched martial law declaration, acting President Han Duck-soo said during a Cabinet meeting, Tuesday.