Three HYBE employees could be prosecuted for insider trading in South Korea for allegedly using non-public information about K-pop group BTS’ planned hiatus…
Indonesia is emerging as a hub for major securities firms overseas business due to the country s economic and demographic potential. Brokerage houses here have long recognized the need to diversify their sales channels overseas amid toughening competition in the domestic market. Their revenue structures are also vulnerable to macroeconomic circumstances, as was shown by their steep earnings fall in 2022 amid then-freezing investor sentiment on the back of steep rate hikes.
Korea s Financial Supervisory Service (FSS) has joined hands with its Indonesian counterpart over launching an employee exchange program, with a view to expanding Korean financial firms footing in the Southeast Asian country. The partnership was clinched on May 12 during FSS Governor Lee Bok-hyun s visit to the country. Under the agreement with Indonesia s Otoritas Jasa Keuangan (OJK), the top financial regulator there, they will launch the program sometime in the latter half of 2023.