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Regulator to Ease Rules on Private Equity Funds

Regulator to Ease Rules on Private Equity Funds

SEOUL, Sept. 27 (Korea Bizwire) — The financial regulator said Thursday it will ease some rules on local private equity funds, with the aim of removing outdated restrictions on the industry and spurring competition with foreign rivals. Under the move, the Financial Services Commission (FSC) said it will allow local private equity funds to have [...]

Life Insurance Companies Continue Devious Practices

Life Insurance Companies Continue Devious Practices

SEOUL, Sept. 25 (Korea Bizwire) –A few South Korean life insurance companies still have misselling rates reaching nearly 1 percent regarding their insurance policies. Misselling is a sales practice in which a financial product or service is deliberately misrepresented or a customer is misled pertaining to certain information regarding the product. The practice has become [...]

KRX to Tighten Rules on Maximum Per-Case Stock Trading

KRX to Tighten Rules on Maximum Per-Case Stock Trading

SEOUL, Sept. 12 (Korea Bizwire) — The maximum possible number of shares investors can purchase in a single order will be reduced starting next week to prevent fat-finger errors, the local bourse operator said Wednesday. Investors will be allowed to buy a maximum of 1 percent of a firm’s total shares per order starting Monday, [...]

S. Korea’s Number of Childbirths Continues to Decline in June

S. Korea’s Number of Childbirths Continues to Decline in June

SEJONG, Aug. 22 (Korea Bizwire) — The number of newborns in South Korea fell again in June, government data showed Wednesday, in the latest sign of the chronically-low birthrate that has plagued Asia’s fourth-largest economy for more than a decade. About 26,400 babies were born in June, down 8.7 percent from 28,900 tallied a year [...]

Novel Alzheimer’s Disease Candidate Developed by Megabiowood Pending for Clinical Trials at Post Year

Novel Alzheimer’s Disease Candidate Developed by Megabiowood Pending for Clinical Trials at Post Year

SEOUL, Jun. 23 (Korea Bizwire) — Novel Alzheimer’s disease (AD) medication developed by Megabiowood research team is planning for phase I clinical trial in next year. The novel medication is appraised to have high commercial possibilities as its aspects which shows non-cytotoxicity and superior absorbency that solves not only the symptoms but also the cause [...]

Gov’t Collects Tens of Thousands of Radioactive Mattresses

Gov’t Collects Tens of Thousands of Radioactive Mattresses

SEOUL, Jun. 18 (Korea Bizwire) — Over 22,000 bed mattresses found to emit radiation levels above safety standards have been collected nationwide over the weekend, the country’s post office said Monday. Some 30,000 employees and 3,200 vehicles were mobilized to collect 22,298 mattresses produced by Daijin Bed Co. on Saturday and Sunday, according to Korea [...]