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[Bills in Focus] Holding CEOs accountable for lack of internal financial control

Proposed bill: Partial Amendment to the Act on Corporate Governance of Financial Companies Proposed by Rep. Yoon Han-hong (People Power Party) ● The frequent occurrence of financial accidents has raised the need for financial companies to strengthen the monitoring of their internal control system. To ensure financial companies operate an effective internal control system, this amendment establishes an internal contr.

Women paid 30 7% less than men in listed firms, 25 2% less in public offices

The salary gap between men and women in both listed companies and public offices in Korea still remained high last year, though the gap showed a decreasing trend year-on-year, according to a report announced by the Ministry of Gender Equality and Family, Wednesday. The ministry s analysis of salaries of 2,716 listed companies showed that female workers received 60.15 million won ($45,200) annually on average, compared to male workers 86.76 million won.

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