Ador CEO Min Hee-jin strongly countered allegations by parent company HYBE of having engaged in shamanistic management practices during a press conference at the Korea Conference.
KB Financial Group s net profit for the first quarter of 2024 decreased 30.5 percent year-on-year, due to voluntary compensation paid to investors who incurred losses from equity-linked securities (ELS) tied to the Hang Seng China Enterprises Index.
Major financial groups plans to offer voluntary compensations over Hong Kong-tied equity-linked securities (ELS) are expected to impact their performance in the first quarter of this year, according to industry sources.
Major banks have initiated measures to ensure smooth resolutions to compensate investors who suffered substantial losses from Hong Kong-tied equity-linked securities (ELS), following the lenders acceptance of dispute resolution guidelines set by financial authorities.
Incheon Metropolitan City signed a memorandum of understanding (MOU) with Shinhan Bank on Monday for a partnership to win the right to host the 2025 Asia-Pacific Economic Cooperation (APEC) summit in the western port city.