Financial Supervisory Service, search and seizure of ‘Battery Man’ Park Soon-hyuk
Financial Supervisory Service located in Yeongdeungpo-gu, Seoul. 2023.10.23[사진=유대길 기자 dbeorlf123@ajunews.com] The Financial Supervisory Service conducted a search and seizure of author Park Soon-hyuk, the so-called ‘Battery Man’, and Seon Dae-in, director of the Seon Dae-in Economic Research Institute, on charges of violating the Capital Markets Act. According to the financial authorities on the 22nd, the […]
Kakao’s Kim Beom-soo concludes 16-hour investigation into ‘SM market manipulation suspicions’… Work sincerely
Former Kakao Chairman Kim Beom-soo is appearing at the Financial Supervisory Service in Yeouido, Seoul on the 23rd regarding suspicions of stock price manipulation following the SM Entertainment acquisition. [사진=연합뉴스] Kim Beom-soo, former Kakao board chairman and founder, who was summoned to the Financial Supervisory Service, emerged early on the 24th after completing a 16-hour […]
Responsibilities for internal control of CEOs of financial companies will become clear in the future…Recommendation for dismissal in case of violation
Financial Services Commission Commissioner Kim Joo-hyun (fifth from left) and Financial Supervisory Service Governor Lee Bok-hyun (fourth from left) pose for a commemorative photo at the meeting held at the Press Center in Jung-gu, Seoul on the morning of the 22nd. [사진=유대길 기자 dbeorlf123@ajunews.com] In the future, the CEO of a financial company must draw […]
Financial Supervisory Service to inspect real estate PF… Regular inspection of Yuanta and Hyundai Motor Securities
[자료= 아주경제DB] The Financial Supervisory Service will conduct regular inspections of Yuanta Securities and Hyundai Motor Securities this year. While looking at the overall management situation, we will start to check whether real estate project financing (PF) is insolvent. Among asset management companies, Hanwha Asset Management and NH Amundi Asset Management will receive regular inspections […]
Financial authorities to strengthen crackdown on illegal short selling
Joo-Hyun Kim, Chairman of the Financial Services Commission. photo = news Financial authorities have drawn a knife to illegal short selling. On the 29th, the Financial Services Commission, the Financial Supervisory Service, the Supreme Prosecutors’ Office, and the Korea Exchange held a ‘Meeting for the Elimination of Illegal Short Selling with Relevant Institutions’ and discussed […]
Savings Banks, Illegal Work Loans Rising… Financial authorities “consumers are also subject to criminal punishment”
[사진제공=뉴시스] [Today Newspaper Reporter Park Joo-hwan]As the government tightened regulations on household loans, cases of illegal handling of business mortgage loans by savings banks have increased. The Financial Supervisory Service announced on the 22nd that, while savings banks’ business loans increased rapidly, it had confirmed a number of cases of unfair treatment by working loan […]
‘Revival of Knights’ MG Insurance, “No problem” over concerns about consumer damage and regulatory gap
ⓒ Current affairs focus DB [땡큐뉴스 / 임솔 기자] The designation of insolvent financial institutions issued by the financial authorities to MG Insurance has been suspended. MG Insurance took a breather, but as the financial authorities were unable to request capital expansion for MG Insurance, some are raising concerns that consumer damage may occur due to […]
MG Insurance, on sale again after 9 years… Impact of insolvent financial institutions
(Source = MG Insurance) The Financial Services Commission (hereinafter referred to as the Financial Services Commission) has decided to designate MG Insurance as an insolvent financial institution and proceed with reorganization procedures such as public sale. It has been about 9 years since the company started anew under the name of MG Non-Life Insurance in […]
Kakao Bank, which also faced bad news, 30% in January only↓… Beware of the amount of institutions that have canceled mandatory holding after the Lunar New Year
Kakao Bank. yunhap news Institutional investors’ holdings of large public offerings such as Kakao Bank, Kakao Pay, and Krafton are expected to be released in large quantities after the Lunar New Year holiday. The stock price of Kakao Bank, which once exceeded 90,000 won, is currently hovering around 40,000 won. The problem is that after […]
[신년사] Jeong Eun-bo, head of the Financial Supervisory Service, “Priority in preemptive management of potential risks”
Jeong Eun-bo, the head of the Financial Supervisory Service. Source = Financial Supervisory Service [이코노믹리뷰=박창민 기자] On the 31st, Financial Supervisory Service Chairman Jeong Eun-bo emphasized that “the most emphasis will be placed on the preemptive management of potential risks.” President Jeong Eun-bo said in his New Year’s address on the same day, “We must […]
