Mirae Asset Securities announced on Aug. 30 that the inflow of overseas stocks from foreign depositories has exceeded 2 trillion won (US$1.51 billion). This growth is attributed to increased demand for stock compensation system consulting services targeting employees of overseas companies.According
The Korea International Trade Association (KITA) has expressed deep concerns, indicating that the electric vehicle (EV) subsidy reform proposed by the French government might violate the Korea-European Union (EU) Free Trade Agreement (FTA). France is pushing forward with the introduction of new envi
The Ministry of SMEs and Startups (MSS) has set detailed requirements for multiple voting rights to a venture startup that allows its founder to retain management control even if the venture startup receives investment from the outside. The ministry announced on Aug. 21 that it has issued a legislat
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.System overhauls and law amendments led by MOTIE are to invigorate the securitization of assets within industrial complexes. Fixed assets within industrial complexes (eg, water treatment centers
South Korea needs to strengthen its import-export trade with the United States through the Foreign Military Sales (FMS) program in order to become one of the top four global defense export powers, according to a Korea Institute of Industrial Economics and Trade (KIET) report titled “Recent Trends an
Companies investing in biopharmaceutical-related technologies and production facilities will now be eligible for a maximum tax deduction of 35 percent.On July 27, the Ministry of Economy and Finance held the 56th session of the Tax System Advancement Review Committee presided over by Deputy Prime Mi
SK Inc. announced that its board of directors (BOD) held a meeting on July 26, in which the board declared to distribute an interim dividend of KRW 1,500 per share, matching last year’s payout. The total interim dividend payout amounts to approximately KRW 83.6 billion. SK Inc. has been distributing
Since its statistical tracking began in June 2012, foreign currency deposits in Japanese yen have seen their most significant upswing. This surge is attributed to the “YenTech” boom, where investors seek to gain exchange rate profits as the value of the yen rises.According to “Foreign Currency Depos
Amid a spate of recent attempts to leak major industrial technologies such as semiconductor and display technologies overseas, the Korean government has proposed a bill to strengthen penalties for technology leakage. While some voiced that the sentencing guidelines of the law should be strengthened
The financial authorities are significantly easing restrictions on overseas subsidiary investment and capital support to activate overseas expansion of domestic financial companies. Consequently, domestic banks will have looser restrictions on investing in foreign non-financial companies, and insura
The Korean government will push for an amendment to an executive decree to allow foreign companies to receive cash support for alternative investments other than investments in the construction of new factories or the expansion of existing factories and the creation of jobs. General Motors (GM) and
Country-specific lending limits at export credit agencies (ECAs) such as the Export-Import Bank of Korea (Korea Eximbank) and Korea Trade Insurance Corporation have emerged as a variable in finance for Korean defense exports. Korea exported 17 trillion won (US$17 billion) worth of defense goods to P
Korea, now a major lender to developing countries, will make a change in its loan system in order to better manage the growing volume of its loans to those developing countries. The first step is to eliminate currency exchanges, an obstacle to the efficient enforcement of loans.The Korean government
The Korean business community criticized the Supreme Court’s ruling that labor union members who engage in illegal labor disputes must be held individually liable for damages, calling it a “ruling that undermines the fundamentals of the rule of law at industrial sites.”“The Supreme Court’s ruling cr
Following the Korean Supreme Court’s decision to reduce the liability of the Hyundai and SsangYong labor unions for damages from illegal strikes, business leaders and experts said it will become increasingly difficult to build a mutually balanced labor-management relationship.On June 15, the Supreme
South Korean shipbuilders are accelerating the development of next-generation eco-friendly vessels driven by methanol and ammonia, moving beyond the conventional liquefied natural gas (LNG) ships. Amid the tightening maritime environmental regulations by the International Maritime Organization (IMO)
Hyundai Motor Group announced on June 12 its plans to ramp up this year's dividend payout from its foreign subsidiaries, known to have substantial surplusses. This increase, amounting to 4.6 times that of the previous year, will direct approximately 7.8 trillion won (equivalent to $5.9 billion)
The world’s largest shipping company Maersk has set the goal of moving up the year of reaching its carbon neutrality from 2050 to 2040 by one decade. The shipping giant chose methanol instead of LNG as a solution to realizing carbon neutrality. Since ordering a methanol-powered vessel from HD HHI in
At an extraordinary general meeting held on the morning of May 23, Daewoo Shipbuilding & Marine Engineering (DSME) passed all agenda items, including the change of the company's name to “Hanwha Ocean Co., Ltd.,” the amendment of the articles of incorporation, and the appointment of nine new dire
Daewoo Shipbuilding & Marine Engineering (DSME), which has become an affiliate of Hanwha Group, will be reborn as Hanwha Ocean on May 23.DSME held an extraordinary board meeting on May 8 and decided to propose an amendment to its articles of incorporation including the change of its corporate name a