The viability of the Korea New Exchange (KONEX), a market exclusively for small and medium-sized enterprises (SMEs) and startups, is in question as it saw just one new listing this year.
Since November, South Korea has intensified its crackdown on illegal short selling by institutional investors, uncovering widespread practices among global banks. In an interim results announcement earlier this month, the Financial Supervisory Service revealed that all nine banks investigated had engaged in illegal short selling totaling approximately 211.12 billion won ($155.8 million) in Korean stocks. With ongoing.
Listed firms are increasingly adopting shareholder-friendly practices, including the purchase of treasury stocks, influenced by the growing influence of activist funds and retail investors, according to industry officials, Sunday. The trend is expected to continue throughout 2024.
Listed firms are increasingly adopting shareholder-friendly practices, including the purchase of treasury stocks, influenced by the growing influence of activist funds and retail investors, according to industry officials, Sunday. The trend is expected to continue throughout 2024.
The attempt by homegrown private equity firm MBK Partners to acquire a stake in Hankook & Co. the holding company behind South Korean tire giant Hankook Tire & Technology has failed, but it has served as a wake-up call for Korean conglomerates with poor corporate governance. MBK’s move in the last few weeks for a hostile takeover of Korea's No. 1 tire company and its demand for the improvemen.