Hanssem CEO Kim Jin-tae is only being paid minimum wage until company revenue or its stock price rise over a certain level, as both figures have been tumbling.
HYBE was not required to make a formal disclosure about a possible BTS "hiatus," according to the stock exchange, despite concerns that the company failed to properly communicate a material event to the public and its shareholders.
Korean stocks fell to a new 52-week low as indexes and assets globally retreated and the crypto meltdown continued.
A seemingly offhand comment by one K-pop star has shaken the whole business, a business that is seen as crucial to Korea and a point of national pride. Suga of BTS suggested in a video that the band would take some time off — a hiatus — and an ...
HYBE's BTS risk came to the fore this week after a comment by one band member took 2 trillion won ($1.6 billion) off of the company's market capitalization in a flash. Suggestions — since challenged by HYBE — by Suga on Tuesday that BTS might ...
A board at Hana Bank’s office in Myeong-dong, central Seoul, shows the benchmark Kospi tumbling more than 44 points or 1.66 percent from Friday. The secondary Kosdaq dropped nearly 2 percent. The market was closed on Monday due to Korean Memorial Day
Markets across the board have weakened dramatically as rates in the United States rise, with equity, bonds, currencies and cryptocurrencies hit hard by the rush to quality and weak investor sentiment.
Stocks finished flat Wednesday amid lingering uncertainty over higher inflation and combative monetary tightening in major economies. The won gained ground against the dollar. The Kospi added 5.54 points, or 0.21 percent, to close at 2,625.98.
Lee Jae-yong, the chief of Samsung Group, Korea's top conglomerate, remained the country's richest stockholder in the first quarter of the year despite a fall in the value of his holdings, a corporate tracker said Wednesday.
Shin Won-keun, Kakao Pay CEO-designate, will be paid minimum wage until the company's stock price hits 200,000 won ($164). Shin and four other executives will return incentives they received last year, and Shin will not take any incentives until ...