The Financial Supervisory Service (FSS) has forwarded its indictment recommendation to the prosecution, targeting Kakao and Kakao Entertainment Corporation in connection with their alleged involvement in the stock manipulation case of SM Entertainment.Following his summons for questioning, Kim Beom-
The Korea Fair Trade Commission reported to President Yoon Suk-yeol that it would discuss how to improve rules and regulations applied to conglomerates.The discussion is likely to cover separation between industrial capital and financial capital. According to the current law, a general holding compa
The Financial Services Commission announced on Jan. 24 that it would repeal the mandatory registration applied to foreign investors since 1992 and public disclosures in English would become mandatory next year in the case of every listed corporation with at least 10 trillion won in assets.At present
Attention is focusing on Hyundai Motor Group’s reorganization plan. Hyundai Motor Co. and Kia developers are scheduled to be relocated to recently acquired autonomous driving startup 42dot, and Hyundai Mobis, a core subsidiary of the group, is planning to set up module and component production subsi
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. The mid/long-term growth prospects of Samsung SDS’s strategic IT service business remain valid thanks to accelerating digital transformation. Moving ahead, business expansion at the logistics B
The Korea Securities Depository announced on June 16 that South Korean individual investors’ U.S. shareholding decreased from US$60.24 billion to US$52.43 billion from June 2 to 14.In that period, they recorded a net buy of US$579 million in the U.S. stock market, but the appraised value of their U.
SK Group has surpassed Hyundai Motor Group to become the second-largest business conglomerate in Korea in terms of assets.The Fair Trade Commission announced on April 27 that it has designated 76 large business groups with assets exceeding 5 trillion won as corporate groups subject to public disclos
The Korea Securities Depository announced on Dec. 6 that South Korean investors’ Tesla stock ownership was US$14.634 billion on Dec. 3 whereas the volume was US$7.835 billion at the end of last year and their net buy in the company amounted to US$1.9 billion this year.“Their favorite stock is Samsun
Korea CXO Institute recently analyzed the holdings of listed shares of South Korea's top 50 CEOs and said that the appraised value of the shares of the 38 who own them decreased from 60.8057 trillion won to 53.1229 trillion won in the third quarter of this year.Specifically, the appraised value
The Samsung Group founder family’s stake in the group considerably increased after the death of chairman Lee Kun-hee in October last year. Specifically, Samsung Electronics vice chairman Lee Jae-yong’s stake in Samsung Electronics more than doubled from 0.62 percent to 1.44 percent until May this ye
Individual investors’ stake in Samsung Electronics reached 13.08 percent on Aug. 18, more than double the 6.48 percent recorded at the end of 2020, the Korea Exchange said on Aug. 19.The number of individual shareholders of Samsung Electronics is estimated at over five million. According to Samsung
As Samsung Electronics vice chairman Lee Jae-yong has become the largest shareholder of Samsung Life Insurance, attention is focusing on the amendment bill to the Insurance Business Act now pending at the National Assembly.The passage of the bill can not only undermine Samsung Group's governance
Samsung Group announced on April 28 that it would donate a large portion of the bequest from the late chairman Lee Kun-hee and pay its inheritance tax, approximately 12 trillion won, without omission. Under the circumstances, how his shares in the group will be distributed is drawing attention.He ow
The family of the late Samsung Electronics chairman Lee Kun-hee announced on April 28 its plans for the payment of all the taxes related to inheritance and to make philanthropic donations to uphold his legacy and contribute to the creation of a better society.Pledging to continue the late chairman’s
The Samsung Group owner family, including Samsung Electronics vice chairman Lee Jae-yong, is scheduled to disclose details regarding their inheritances from the late Samsung Group chairman Lee Kun-hee as early as April 27.The late Samsung chairman’s wealth includes shareholdings in Samsung Electroni
The Korea Securities Depository announced on April 1 that the number of individual investors in the South Korean stock market is approximately 9.14 million and their total shareholding was about 662 trillion won at the end of last year.The shareholding increased by 243 trillion won in 2020, when the
The governance structure of Taekwang Group is being shaken as the Financial Services Commission (FSC) told former Taekwang Group chairman Lee Ho-jin, who is the largest shareholder in Goryo Savings Bank with a shareholding of 30.5 percent, to sell his shares.The FSC told him in December last year to
The Securities and Futures Commission of the Financial Services Commission announced the result of its short selling investigation on Feb. 24, imposing a fine of 685 million won on 10 foreign securities companies for having violated relevant rules between January 2018 and July 2019.Some of the compa
The National Pension Service of South Korea announced on Feb. 14 that it owned US$7.92 million of Tesla shares as of the end of the third quarter of 2014.At that time, the stock price was US$48.54. Given that Tesla split its stock five-for-one in August last year and the price was US$813.32 on Feb.
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Korea’s National Assembly has passed the three ‘fair economy’ bills. Due to pre-emptive governance reforms and exemptions to the regulations, the actual impact on corporate governance structure