The Moon Jae-in administration defined conglomerates, which represent a very large portion of the South Korean economy, as deep-rooted evils and has put pressure on them with a variety of regulations. However, it suddenly came up with ‘Korea New Deal’ projects after COVID-19 drove them to a precipic
South Korean semiconductor material, component and equipment suppliers are objecting to the "discovery procedure" the South Korean government is planning to introduce for the purpose of patent right protection. According to them, foreign semiconductor companies, which are overwhelming in terms of th
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. We believe that the passage of an amendment to the Electric Utility Act and reintroduction of a cost pass-through system are essential for Korea to make success of its Green New Deal and also for
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com, ys.jung@njqv.com and midas.sohn@nhqv.com, respectively. – Ed. Until now, GENCOs have taken the initiative in Korea’s renewable energy investment. However, they are already under heavy capex burden eve
The People Power Party is planning to advocate the government’s and the ruling party’s amendments to the Commercial Act, the Monopoly Regulation and Fair Trade Act and the Financial Group Supervision Act and come up with measures for side effect prevention at the same time. The party is going to loo
Korea Chamber of Commerce and Industry Chairman Park Yong-man held a press conference on Sept. 21 to criticize the government and the political community for their unilateral legislation.“The government and the ruling and opposition parties are pushing ahead with Monopoly Regulation and Fair Trade A
Three bills for corporate regulation will be submitted to the National Assembly late this month.The South Korean government is planning to submit amendments to the Monopoly Regulation and Fair Trade Act, the Commercial Act and the Financial Group Supervision Act to the National Assembly late this mo
Democratic Party of Korea lawmaker Kim Byung-wook tabled an amendment to the Financial Investment Services and Capital Markets Act for naked short selling prevention on Sept. 10.The amendment is to provide a legal basis so that stocks allowing short selling and the rest are distinguished by the Fina
The fifth Industry Development Forum took place in Seoul on Sept. 10. There, participants expressed concerns over potential adverse effects of the government’s and the ruling party’s Commercial Act amendment.The amendment is to separately elect at least one audit committee member as a director and l
An amendment to the enforcement decree of the Act on Reporting and Use of Certain Financial Transaction Information, which contains detailed provisions as to mandatory cryptocurrency business report to be introduced in March next year, is taking concrete shape. According to the amendment, the inform
The Korean Confederation of Trade Unions, 18 Democratic Party of Korea and Justice Party lawmakers and 10 civic organizations such as People’s Solidarity for Participatory Democracy and Lawyers for a Democratic Society held a press conference at the National Assembly on July 1, urging the prosecutio
The authors are analysts of NH Investment & Securities. They can be reached at dongyang.kim@nhqv.com and junsup@nhqv.com, respectively. – Ed. SEC needs backing of non-controlling shareholders to acquire Samsung Biologics stakeUpon the passage of the amendments to the Insurance Business Act, Samsung
The authors are analysts of NH Investment & Securities. They can be reached at dongyang.kim@nhqv.com and junsup@nhqv.com, respectively. – Ed. Sell Samsung Biologics shares to buy SEC stake?As mentioned earlier, market expectations for the passage of the new amendment to the Insurance Business Act ha
The authors are analysts of NH Investment & Securities. They can be reached at dongyang.kim@nhqv.com and junsup@nhqv.com, respectively. – Ed. If Samsung Life disposes of its SEC shares to comply with the amendment to the Insurance Business Act, two key issues for Samsung Life (and its shareholders)
The authors are analysts of NH Investment & Securities. They can be reached at dongyang.kim@nhqv.com and junsup@nhqv.com, respectively. – Ed. Amendment to Insurance Business Act proposed again at 21st National AssemblyAn amendment to the Insurance Business Act which is currently pending at the 21st
The authors are analysts of NH Investment & Securities. They can be reached at dongyang.kim@nhqv.com and junsup@nhqv.com, respectively. – Ed. If a proposed amendment to the Insurance Business Act is passed, there will be no escaping the compulsory disposal of SEC shares held by Samsung Life. Even if
Democratic Party of Korea lawmaker Jung Sung-ho has tabled an amendment to the Export-Import Bank of Korea Act so that the legal capital limit of the bank can be increased from 15 trillion won to 25 trillion won.The limit was increased from 150 billion won to 500 billion won in 1977 and then to one
Democratic Party of Korea lawmaker Park Yong-jin asked the Financial Services Commission on Aug. 24 to simulate the amount of dividends to go to Samsung Electronics shareholders when the Insurance Business Act amendment he tabled is passed.The lawmaker tabled the same amendment in both the previous
The South Korean government announced that a partial amendment to the Commercial Act, a full amendment to the Monopoly Regulation and Fair Trade Act and a legislative proposal for the Financial Group Supervision Act were approved at the cabinet meeting on Aug. 25. The government is anticipating that
The amendment to the Insurance Business Act tabled in June by Democratic Party of Korea lawmakers Park Yong-jin and Lee Yong-woo is scheduled to be discussed in the regular session of the National Assembly next month.At present, each South Korean insurance company’s subsidiary bond and stock holding