South Korea’s ruling party is reviving its push for an amendment to the Commercial Act with tougher mandates aimed at protecting minority shareholders’ rights than previously proposed. An earlier version of the bill was vetoed by the country’s then-acting presid

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In Seoul’s Hannam district, the storefront that once housed Various Small Fires (VSF) now sits empty, a “For Rent” sign taped to its window. Inside, where high-profile exhibitions once attracted collectors, only discarded furniture and debris remain. “The

Jun 05, 2025 (Gmt+09:00)

LG Display Co., the world’s No. 1 manufacturer of large-sized organic light-emitting display (OLED), will invest about 700 billion won ($500 million) to boost small- and mid-sized OLED production in South Korea, according to industry sources on Thursday.The investment &ndas

Jun 05, 2025 (Gmt+09:00)

South Korea’s financial markets showed strong gains on Thursday, with shares surging to an 11-month high and the won hitting a seven-month high as post-election optimism over the Lee Jae-myung administration drove renewed interest from foreign investors.Expectations of economic stimulus measures, however, triggered a sharp repricing in the government debt market, as bond investors grew increasingly concerned over the scale of fiscal expansi

Jun 05, 2025 (Gmt+09:00)

An increasing number of asset management firms in South Korea are more frequently exercising their voting rights at portfolio companies. Nevertheless, they rarely oppose those companies’ proposed agendas, data shows.The regulatory Financial Supervisory Service (FSS) said on Wednesday that the rate of asset managers’ proxy voting at shareholder meetings stood at 91.6% in the period from April 1, 2024 to March 31, 2025.Of the votes, onl

Jun 05, 2025 (Gmt+09:00)