The sale of HMM, formerly known as Hyundai Merchant Marine, is facing delays beyond the initial expectations. Korea Development Bank (KDB) is currently continuing its evaluation of eligible buyer candidates, a process it had aimed to complete within this month.According to financial industry sources
The Korea Economic Research Institute (KERI) said in a report that Korea needs to improve its regulatory system for the commercialization of Level 3 or higher autonomous driving.According to the institute, which is affiliated with the Federation of Korean Industries, the global market for autonomous
South Korea’s financial authorities will ease regulations on shareholder rights, including the so-called 5 percent rule, to activate the “Stewardship Code.” The Stewardship Code refers to a set of principles or guidelines which are intended to direct the exercise of voting rights held by institution
The Ministry of Land, Infrastructure and Transport is planning to revise the law on aviation so that airline executives are disqualified in the event of a monetary penalty or a more severe punishment. If the law is amended as planned, Hanjin Group chairman Cho Yang-ho may be deprived of his manageme
The Financial Supervisory Commission (FSC) of Korea announced on March 15 that the financial watchdog will include not only Lee Kun-hee, chairman of Samsung Electronics but his son, Lee Jae-yong, vice chairman of the company as major shareholders.First of all, the FSC will significantly expand the s
As South Korean court sentenced Samsung Electronics Vice Chairman Lee Jae-yong to five years in prison for bribery and embezzlement, Samsung Securities, a financial subsidiary of the group, has hit a snag in its ambition to transform itself into a mega investment bank (IB). The company will not be a
As the Nuclear Safety and Security Commission (NSSC) gave approval for the Wolsong-1 Nuclear Power Plant at Gyeongju to continue operating on Feb. 27, local opposition and civic groups strongly protested the decision.On the same day, the Ulsan City Branch of the New Politics Alliance for Democracy