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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Companies

Tue, March 21, 2023 | 20:46

How Kakao won takeover battle against HYBE for K-pop pioneer SM

How Kakao won takeover battle against HYBE for K-pop pioneer SM

Korean K-pop pioneer SM Entertainment is poised to fall under the grip of social media giant Kakao after HYBE, the agency representing boy band BTS, on Sunday dropped a bid to take control.

2023-03-12 14:17

HYBE to halt SM takeover bid, seek platform cooperation

JB Financial set for battle against activist fund

JB Financial set for battle against activist fund

JB Financial and activist fund Align Partners are set to face off at the upcoming general stockholders' meeting, as JB Financial rejected proposals from its second largest shareholder to increase dividends and appoint an outside director.

Lee Yeon-woo | 2023-03-11 08:24

BlackRock becomes Samsung Securities' third-largest shareholder

BlackRock becomes Samsung Securities' third-largest shareholder

BlackRock, the world's largest asset manager, has become Samsung Securities' third-largest shareholder as of the end of February, data showed. According to data from the Financial Supervisory Service, the U.S. investment firm secured a 5.46 percent stake in the Samsung affiliate as of Feb. 28. No other global asset managers possess more than a 5 percent stake in a Korean secu...

Lee Min-hyung | 2023-03-10 16:39

Securities firms find opportunities in tender offer market

Securities firms find opportunities in tender offer market

With a series of tender offers grabbing recent headlines, local securities firms' investment banking departments seem to be perking up, after months of recessional declines due to plunged asset prices.

Anna J. Park | 2023-03-10 08:29

Eximbank donates cars to charity organizations for multicultural families

Eximbank donates cars to charity organizations for multicultural families

Export-Import Bank of Korea (Eximbank) donated cars to charity organizations dedicated to supporting multicultural families in Korea, the state-run bank announced on Thursday. The lender said it donated a total of 12 cars, one each to charity organizations for migrant wives, their children and other members of multicultural families across the country.

Yi Whan-woo | 2023-03-09 16:23

Proxy adviser ISS opposes KB union-backed outside director

Proxy adviser ISS opposes KB union-backed outside director

The Institutional Shareholder Services (ISS), the world's largest proxy adviser, has recommended shareholders of KB Financial Group vote against the nomination of an outside director endorsed by the group's labor union, according to industry sources, Thursday.

Yi Whan-woo | 2023-03-09 16:22

AhnLab shares plunge on founder's political defeat

AhnLab shares plunge on founder's political defeat

Shares of AhnLab, a security software company, reported a double-digit price decline, Thursday, after Rep. Ahn Cheol-soo suffered a crushing defeat in the race for leadership of the ruling People Power Party (PPP). Ahn is the founder and the largest shareholder of the company.AhnLab shares started trading with the huge fall reflecting investors' disappointment in the overnigh...

Lee Min-hyung | 2023-03-09 16:06

Tussle escalates between Lotte, Meritz over fund loss

Tussle escalates between Lotte, Meritz over fund loss

Lotte Insurance and Meritz Securities are locked in a heated tug-of-war over the brokerage's sale of $160 million (210 billion won) in risky fund products which incurred huge losses. The controversial fund was established in December 2018. The Lotte affiliate invested $50 million in the fund about two months later. But with Blackstone - the world's leading alternative asset m...

Lee Min-hyung | 2023-03-09 15:06

KDIC aims to expand scope of deposit insurance

KDIC aims to expand scope of deposit insurance

The Korea Deposit Insurance Corporation (KDIC), a state-led company that insures deposits across the local financial industry, has unveiled its new strategic vision, aiming to expand the scope of deposits that it insures. “The traditional deposit insurance system, which focuses on responding to situations with ex-post measures, cannot properly address future financial risks,”...

Anna J. Park | 2023-03-08 16:53

Banks urged to embrace agile transformation - Legacy lenders need to dive deeper

Banks urged to embrace agile transformation - Legacy lenders need to dive deeper

Digital customer journeys are now an essential part of any modern bank's offerings, but despite this clear imperative, six out of 10 financial service companies still fail to achieve their digital transformation goals. Boston Consulting Group (BCG) works closely with financial institutions across the Asia-Pacific region, offering valuable insights on the importance of putting...

2023-03-08 08:22

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