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Mon, September 20, 2021 | 13:25
Nexon, Naver heads embroiled in scandal
The government ethics committeesaid Monday that it was investigating the chief immigration officer for allegedly peddling his influence in trading Nexon shares to reap more than 12 billion won in gains from selling the stock.
Deloitte Anjin losing orders from state-run lenders
Deloitte Anjin is losing contracts from state-run lenders, hit hard by its failure to uncover alleged accounting fraud at Daewoo Shipbuilding and Marine Engineering (DSME), bank officials said Thursday.
Citbank, JPMorgan investigated for alleged FX swap bid rigging
The antitrust agency is widening an investigation into Citibank, JPMorgan & Chase and other foreign banks for allegedly colluding on foreign exchange (FX) swap bids, officials said Thursday.
8 duty free shops committed price fixing: FTC
Eight duty free shops, including Lotte, Shilla and SK, got away with price fixing for five years by manipulating foreign exchange (FX) rates, the antitrust agency said Wednesday.
KDB bolsters support for clean energy industry
Korea Development Bank (KDB) said Wednesday that it is stepping up its efforts to support the clean energy industry, seeking to help the government’s initiative for creating new growth engines in that field.
Overseas spending rises 14% on increasing tourists
Korean tourists spent a record 26.27 trillion won ($22.74 billion) overseas last year, up 13.7 percent from a year earlier, as more people went abroad for vacation due to increased disposable income, central bank and tourism agency data showed Tuesday.
Mirae Asset chief to lead Daewoo Securities
Mirae Asset Financial Group’s chairman will become chairman of KDB Daewoo Securities to help merge the two entities, officials said Monday.
KDB nullifies business deal with Deloitte Anjin
Korea Development Bank (KDB) said Sunday that it canceled its plan to conduct due diligence with Deloitte Anjin on Hyundai Merchant Marine (HMM) because it had lost its trust in the accounting firm.
Manufacturers' expectations hit 5-month high for April
Manufacturers’ business expectations for April hit a five-month high as both large and small firms expect improved conditions, Bank of Korea (BOK) data showed Thursday.
KB Financial wins bid to take over Hyundai Securities
KB Financial Group has won a bid to buy a controlling stake in Hyundai Securities, offering more than 1 trillion won, or three times its market value, Hyundai Group and the lead manager of the sale said late Thursday.