SEOUL, Nov. 29 (Korea Bizwire) – For years, private equity funds (PEFs) were synonymous in South Korea with “predatory capital” and “corporate raiders,” drawing criticism for prioritizing short-term profits over corporate health. The perception stemmed from practices such as aggressive cost-cutting, asset sales, and layoffs, which were viewed as tactics to maximize returns at the [...]
SEOUL, May 22 (Korea Bizwire) — Foreign Minister Cho Tae-yul called Wednesday for concerted efforts for a “coherent” international governance framework to ensure the responsible and inclusive use of artificial intelligence (AI) amid complex ethical and economic challenges. Cho made the call during a forum held in the follow-up to Tuesday’s AI Summit, pointing out [...]
SEOUL, Nov. 23 (Korea Bizwire) — The chief of the Bank for International Settlements (BIS) said Thursday that governance and legal ambiguity should be solved on top of technical infrastructure advances for a step toward central bank digital currency projects. Many countries, including South Korea, have launched so-called central bank digital currency (CBDC) pilot programs [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea said Wednesday that it will improve the venture capital fund governance system towards allowing venture capital firms to establish subsidiaries specializing in fund operation and management. This move is part of efforts to boost the influx of foreign capital by introducing a Silicon Valley-type venture fund governance [...]
SEOUL, March 31 (Korea Bizwire) – In a groupwide governance shakeup, SK Telecom Co., the telecom unit of SK Group, may morph into an intermediary holding company this year, analysts said Wednesday, as South Korea’s No. 3 conglomerate seeks to strengthen its grip on chipmaking affiliate SK hynix Inc. The telecom operator’s CEO Park Jung-ho [...]
SEOUL, March 25 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Thursday it will revamp its governance structure this year in a way that boosts shareholder value. CEO Park Jung-ho told shareholders that the company will announce changes to its governance structure “soon,” admitting its share price has remained largely lackluster [...]
NEW YORK, Feb. 16 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) was among the select companies that Forrester invited to participate in its 2018 Forrester Wave™ evaluation, Governance, Risk, And Compliance (GRC) Platforms, Q1 2018. In this evaluation, Nasdaq was cited as a Leader in Governance, Risk, and Compliance Platforms and received the maximum score of 5 [...]
MUSCAT, Oman and NEW YORK, Apr. 19 (Korea Bizwire) — Nasdaq BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (GRC), announced today that it has been selected by State General Reserve Fund (SGRF), the largest sovereign wealth fund in the Sultanate of Oman, to support their enterprise risk management (ERM) processes [...]