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South Korea wants pandemic winners to share profits with hard-hit firms


Feb 3, 2021
South Korean President Moon Jae-in is calling on the corporate winners of the pandemic to share some of their profits with smaller businesses that have borne the brunt of the economic pain, as he looks to address the uneven nature of the recovery.
The idea has gained traction within the ruling party in recent weeks as the K-shaped nature of the recovery has become clearer, with unprecedented public spending still failing to offset losses by mom-and-pop stores hit by social distancing restrictions.
While public support for Moon’s government partly depends on its continued efforts to tackle simmering resentment over inequality in South Korea’s economy, critics of the profit-sharing drive say it’s tantamount to corporate bullying. Business lobbies, economists and market analysts say it would distort key incentives in the corporate world and reduce South Korean firms’ attractiveness for investors. ....

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Chinese Internet Companies Face More Scrutiny at Home. What That Means for the Stocks.


Lionel Bonaventure/AFP via Getty Images
President Donald Trump signed legislation that paves the way to push Chinese companies off U.S. exchanges, if regulators on both sides don’t come to a compromise around longstanding audit and disclosure issues. That move was anticipated and creates longer-term questions, but big Chinese internet stocks could have bigger near-term problems at home as regulatory scrutiny intensifies.
Larger investors have been relatively sanguine about the delisting bill, noting at least a three-year window for regulators to work out a compromise and to sort out how to implement it. The legislation addresses longstanding issues related to Beijing’s refusal to allow the Public Company Accounting Oversight Board (PCAOB) oversight of audits of Chinese companies, citing national security and state-secret laws. ....

Bo Zhuang , Hong Kong , Lionel Bonaventure , Reshma Kapadia , Donald Trump , Laura Geritz , Jack Ma , Lou Jiwei , Ant Group , Tencent Holdings , Alibaba Group Holding , Public Company Accounting Oversight Board , Rondure New World Fund , Getty Images , Rory Green , Rondure New World , போ ஜுவாங் , ஹாங் காங் , லியோனல் போனவென்ச்சர் , ரேஷ்மா கபாடியா , டொனால்ட் துருப்பு , பலா மா , எறும்பு குழு , அலிபாபா குழு வைத்திருத்தல் , பொது நிறுவனம் கணக்குவைப்பு முறை ஓவர்‌ஸைட் பலகை , கெட்டி படங்கள் ,