SEOUL, Oct. 15 (Korea Bizwire) — Global asset manager Franklin Templeton has identified South Korea as one of the key drivers of the global emerging market rally this year, highlighting its diversified industrial base and robust stock market performance. In a report released Tuesday, the firm noted that emerging market equities have surged more than 28 [...]
SEOUL, Oct. 15 (Korea Bizwire) — Samsung Asset Management said Tuesday that its KODEX Robot Active exchange-traded fund (ETF) has surpassed 200 billion won ($145 million) in net assets, underscoring surging investor enthusiasm for the nation’s robotics sector amid rapid advances in artificial intelligence. As of October 14, the fund’s net asset value stood at [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s central bank and financial regulator have received below-average marks for their response to the climate crisis, ranking in the lower tier among ASEAN+3 economies, according to a new international assessment. The report by Positive Money, a U.K.-based think tank, evaluated 13 countries in the ASEAN+3 group — comprising [...]
SEOUL, Oct. 15 (Korea Bizwire) — South Korea’s National Pension Service (NPS) said it will begin enforcing stricter “responsible investment” standards on private equity and other alternative investments, following heavy criticism over massive potential losses linked to the troubled retailer Homeplus. The decision, announced by the Ministry of Health and Welfare during a parliamentary audit on [...]
SEOUL, Oct. 15 (Korea Bizwire) — The South Korean government has moved to dismantle decades-old billing practices between clinics and diagnostic laboratories, a reform it says is essential to restoring transparency and safeguarding patient safety. But the medical community is pushing back, calling the measure hasty and detached from on-the-ground realities. The Ministry of Health and [...]
SEOUL, Oct. 15 (Korea Bizwire) — As South Korea pushes for wider adoption of Driver Monitoring Systems (DMS) to prevent fatigue-related traffic accidents, truck and bus drivers are voicing growing unease over privacy intrusions and cost burdens. While most drivers and operators acknowledge the need for safer roads, many fear that DMS — which tracks [...]
SEOUL, Oct. 14 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will introduce a new performance stock unit (PSU) program designed to tie employee compensation directly to long-term corporate performance and stock price gains, in an effort to align employee motivation with shareholder value. Under the plan, Samsung will award shares to employees based on [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s Supreme Court is set to rule Thursday on the long-running divorce case between SK Group Chairman Chey Tae-won and Noh So-young, director of Art Center Nabi, in what has been called the “trial of the century.” With more than 1 trillion won (about $720 million) in assets at [...]
SEOUL, Oct. 14 (Korea Bizwire) — A South Korean court has ruled that the death of a 22-year-old man following a COVID-19 vaccination was causally linked to the shot, marking a rare judicial recognition of vaccine-related death in the country. According to a ruling by the Seoul Administrative Court, the man, identified only as A, received [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s Disease Control and Prevention Agency (KDCA) pushed back on Monday against a recent study by domestic medical researchers suggesting that COVID-19 vaccines could increase the risk of cancer, saying the findings do not establish a causal link. “The mechanisms behind cancer development take years to identify,” a [...]