SEOUL, March 23 (Korea Bizwire) — Shareholders of Hana Financial Group Inc. approved a third term for current Chairman Kim Jung-tai on Friday. Kim, 66, was nominated for a third term in January and the approval was made at the financial holding firm’s regular shareholder meeting earlier in the day. The chairman started his career [...]
SEOUL, July 7 (Korea Bizwire) – After the proxy advisory firm Institutional Shareholder Services (ISS) released its report opposing the merger between Samsung C&T and Cheil Industries, the de facto holding company of the Samsung Group, Korean stock companies criticized faults in the advisory report one after another. On July 6, Korea Investment and Securities assumed [...]
SEOUL, May 11 (Korea Bizwire) – Korea’s traditional securities firms are changing their sales strategies in a fundamental way. Under a prolonged recession with fewer customers visiting their storefronts while online and mobile transactions having surged at the expense of their stream of revenues such as brokerage fees, the industry have been under enormous pressure to transform themselves. One [...]