Local commercial and state-run lenders are rushing to establish offices in Poland and Hungary, buoyed by rapid growth of integrated economic activities between Korean businesses and their Central Europe peers, market watchers said Sunday.
Financial Services Commission (FSC) Chairman Kim Joo-hyun embarked on a visit to Poland on Sunday to strengthen financial ties between the two nations.
President Yoon Suk Yeol pledged to enhance shareholders rights by institutionalizing online shareholders meetings, aiming to amplify the collective voice of minority stockholders. Additionally, he intends to amend the country s Commercial Act to curb corporate directors from pursuing personal gains.
As Taeyoung Engineering & Construction (E&C) is going through a rough phase of debt restructuring negotiations, other construction companies are taking proactive moves to explain their liquidity situations, aiming to quell market anxieties over their financial soundness.