SEOUL, Dec. 6 (Korea Bizwire) – South Korea is witnessing a steady shift toward transparent corporate governance as more conglomerates adopt holding company structures. However, concerns are mounting over indirect investments via overseas subsidiaries, potentially enabling unfair internal transactions and abuse of authority. According to the Fair-Trade Commission (FTC), 43 of the country’s 88 conglomerates [...]
NEW YORK, Jun. 18 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq: NDAQ) today announced the founding of the Nasdaq Center for Corporate Governance (the “Governance Center”), a global information and research hub that will integrate Nasdaq’s expertise, insights, and technology to accelerate the understanding of emerging corporate governance and sustainable business practices. The ambition of the [...]
SEOUL, May 31 (Korea Bizwire) — With the sale by Samsung Life Insurance and Samsung Fire & Marine Insurance of a combined 27 million shares of Samsung Electronics yesterday, analysts are wondering if Samsung is succumbing to government pressure and seeking reforms to its corporate governance. Such an interpretation stems from the fact that the [...]
SEOUL, March 21 (Korea Bizwire) — South Korea’s top financial regulator said Wednesday it will oblige big companies to make public their corporate governance structure in a bid to boost transparency for investors and shareholders. Starting in 2019, companies listed on the country’s main bourse with total assets exceeding 2 trillion won (US$1.86 billion) must [...]
SEOUL, Jan. 30 (Korea Bizwire) – The Financial Services Commission has said it will force companies to go public with their corporate governance plans from next year. According to the FSC on Sunday, plans are in the works to require companies to make public corporate governance reports as part of efforts to strengthen transparency and [...]
SEOUL, Apr. 28 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will scrap plans to adopt a holding company structure. The tech giant said through a regulatory filing in November that it will seek a change in the management structure, which includes splitting itself into a holding company and an operating company to boost [...]