KAMCO’s investor relations (IR) presentation

Moon Sung-yu, second from left in the first row, CEO of Korea Asset Management Corp. (KAMCO) poses for a photo with officials from the finance ministry and investment firms at an investor relations presentation for companies that pay taxes with their own company stocks. The event was held at the Conrad Seoul on Yeouido, Friday. / Courtesy of KAMCOWant to know more on KAMCO's investor relations (IR) presentation...

Owners of multiple houses face heavy punitive taxes

The government will impose heavier taxes on owners of multiple homes and those who sell their properties within two years after purchasing them, as part of efforts to stabilize the housing market, the Ministry of Economy and Finance said Friday.Want to know more on Owners of multiple houses face heavy punitive taxes click here go to market news source. Market news summary from The Korea Times Market News.Author:

NPS still tolerant to KEPCO’s coal investments in Indonesia

The National Pension Service (NPS) is facing mounting criticism for its passive attitude toward the Korea Electric Power Corp. (KEPCO) which decided recently to continue its investments in the construction of coal-fired power plants in Indonesia.Want to know more on NPS still tolerant to KEPCO's coal investments in Indonesia click here go to market news source. Market news summary from The Korea Times Market News.Author:

Woori continues to see its reputation tarnished

A massive scandal involving banks' mis-selling of financial derivative products dealt a blow to Woori Bank last year, and the lender continues to see its reputation tarnished over continued misconduct. The Financial Services Commission (FSC) recently finalized an 800 million won fine for Woori, with regards to a system error that occurred in May 2018.Want to know more on Woori continues to see its reputation tarnished click here...

Blame game escalates between NH Investment and KSD over Optimus fiasco

The scandal-ridden Optimus Asset Management's expected failure to return over 535 billion won ($447 million) to investors was developing into full-blown war of accusations between the Korea Securities Depository (KSD) and NH Investment and Securities, Thursday.Want to know more on Blame game escalates between NH Investment and KSD over Optimus fiasco click here go to market news source. Market news summary from The Korea Times Market News.Author:

KKR facing concerns in managing Shinhan’s fund

Kohlberg Kravis Roberts & Co. (KKR) is facing growing concerns over the management of its $50 million real estate and infrastructure fund raised in collaboration with Shinhan Financial Group, as on-site due diligence has become practically impossible amid the COVID-19 pandemic, according to industry sources, Thursday.Want to know more on KKR facing concerns in managing Shinhan's fund click here go to market news source. Market news summary from...

Rush for gold to continue as hedging strategy amid COVID-19

Amid excessive liquidity in the global market due to major countries' monetary easing policies, the rush for gold as a safe haven asset is expected to continue during the second half of this year.Want to know more on Rush for gold to continue as hedging strategy amid COVID-19 click here go to market news source. Market news summary from The Korea Times Market News.Author:

Are card firms too lax in monitoring overseas payments?

The surfacing of a mass card data theft case last month is raising questions about efforts card firms are taking to prevent payment fraud using stolen data, especially through overseas websites. In the latest case, a total of 10 million won in payments were made with the stolen data of 617,000 cards by a suspect who attempted to hack commercial banks last year.Want to know more on Are...

Mirae Asset to stay in Hong Kong for investments in China

The deepening political crisis in Hong Kong, following Beijing's passage of the national security law and Washington's elimination of the financial hub's special status, is raising concerns for Mirae Asset, which has used its affiliate in the city as a foothold for its global expansion since 2003.Want to know more on Mirae Asset to stay in Hong Kong for investments in China click here go to market news...

KDB under fire for ‘irresponsible handling’ of derivatives compensation

Korea Development Bank (KDB) is under fire for failing to take moral responsibility for compensation on currency derivatives sales. The issue centers on the currency-linked financial derivatives options - called knock-in-knock-out (KIKO) - that commercial and state-run lenders sold to about 700 export-driven small- and medium-sized enterprises (SMEs) here mostly in 2007. The banks promoted the sales, saying the derivatives would help buyers hedge their foreign exchange risks.Want...
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