Gov't will push to scrap capital gains tax for stock trading, Yoon says

The government will push to abolish a planned capital gains tax on stocks and step up measures to prevent illegal short selling in a bid to address the so-called Korea discount.

2024-01-02

Chorokbaem Media to challenge Kosdaq delisting

Chorokbaem Media, a Korean production company, will file an objection to the Korea Exchange's decision to delist the firm. The objection will emphasize the company's stable financial structure and current management transparency.

2023-11-22

Korea appeals World Bank ruling on Lone Star dispute

The Korean government officially filed a complaint against the international tribunal’s earlier ruling of compensating $216.5 million to the U.S. private equity firm Lone Star Funds over the selloff of Korea Exchange Bank in 2012.

2023-09-01

Financial watchdogs crack down after suspicious stock crash

Financial regulators are tightening oversight over brokers and unlicensed investment advisories to prevent illegal trades after a handful of stocks crashed and wiped out more than $9.7 billion within a month.

2023-05-16

Over half of key listed firms see financial health worsen in 2022

More than half of major listed firms in Korea saw their financial soundness worsen in 2022 amid high global interest rates and inflation, data showed Monday. The debt-to-equity ratio of 56 out of the 106 listed companies belonging to the...

2023-04-10

U.S. court grants bail to former Lone Star official

The former Seoul branch chief of Lone Star, who led the U.S. equity fund's controversial acquisition of a Korean bank nearly two decades ago, has been released on bail, the Ministry of Justice said Tuesday.

2023-03-14

Former Lone Star Funds official arrested in New Jersey

A former official of Lone Star Funds was arrested in New Jersey on Thursday, according to the Korean Ministry of Justice.

2023-03-06

Dividend policy changes pushed to narrow 'Korea discount'

In line with continuing efforts to battle the "Korea discount," the Financial Services Commission (FSC) will encourage companies to announce the dividend payout amount earlier, in line with international standards.

2023-01-31