Assembly Subpanel Approves Bill on Preventing Public Officials Conflict of Interest asiatoday.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiatoday.co.kr Daily Mail and Mail on Sunday newspapers.
Gov’t, party to push for passage of prevention of conflict of interest bill
Mar 11, 2021, 08:12 am
Acting DP chairman and floor leader Kim Tae-nyeon speaks during a meeting of the top party council at the National Assembly on March 10, 2021/ Photographed by Lee Byung-hwa (photolbh)
AsiaToday reporter Jo Jae-hak
Amid increasing suspicion of land speculation involving employees of state-run institutions and civil servants, the government and the ruling Democratic Party (DP) decided to speed up the passage of a bill aimed at preventing conflicts of interest involving public officials, which has been stalled for eight years. As the DP vowed to pass the bill with the recent LH scandal, attention is on whether the bill can be approved at the National Assembly.
Gov t, party to push for passage of prevention of conflict of interest bill asiatoday.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiatoday.co.kr Daily Mail and Mail on Sunday newspapers.
Korea launches ‘carbon agency’ to spur flying car development
PUBLISHED :February 24, 2021 - 17:01
UPDATED :February 24, 2021 - 17:03
A mock-up of Hanwha Systems’ urban air mobility Butterfly (Kim Byung-wook/The Korea Herald)
South Korea on Wednesday launched a new regulatory agency dedicated to accelerating the utilization of carbon materials in five core industries, including future mobility.
The Korea Carbon Industry Promotion Agency, which will be overseen by the Ministry of Trade, Industry and Energy, aims to provide regulatory support for the carbon industry and spearhead economic feasibility tests of carbon materials to accelerate their commercialization in the market.
The government appointed Bang Yun-hyuk as its inaugural chief. Bang, a Pusan National University graduate in textile engineering, was formerly the head of the Korean Institute of Carbon Convergence Technology, a government-funded research institute for carbon fiber materials.
Korea might extend temporary short-selling ban for another three months
By Park Jae-hyuk
Goldman Sachs appears to have suffered more from the temporary ban on short-selling on the Seoul bourse than two other top-tier global investment banks ― JPMorgan Chase and Morgan Stanley, according to industry officials, Wednesday.
Short-selling refers to a method in which an investor sells borrowed shares in the belief that the price will fall and they will be able to buy the shares back at a discount, keeping the difference and returning the borrowed shares.
Before the financial authorities temporarily prohibited the practice last March to counter the stock market plunge in the aftermath of the COVID-19 pandemic, Goldman Sachs was one of the foreign brokerage houses that had most frequently used short-selling on the KOSPI and Kosdaq markets, along with Morgan Stanley, Merrill Lynch and Credit Suisse, according to data from the Korea Exchange.