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Regulator Extends Samsung Securities Probe Over Dividend Chaos

Regulator Extends Samsung Securities Probe Over Dividend Chaos

SEOUL, April 16 (Korea Bizwire) – The Financial Supervisory Service (FSS) said Monday it has extended its inspection into Samsung Securities over brokerage’s “fat-finger” dividend chaos that shocked the country. The inspection had been completed on Thursday but has been stretched out to April 27 to “figure out special details” of the dividend error, the FSS said in a statement. [...]

Regulator Inspects Samsung Securities over ‘Fat-finger’ Dividend Chaos

Regulator Inspects Samsung Securities over ‘Fat-finger’ Dividend Chaos

SEOUL, Apr. 9 (Korea Bizwire) — South Korea’s financial regulator on Monday launched a special inspection into Samsung Securities Co. over the brokerage’s “fat-finger” trading chaos after it paid windfall stocks to its employees as dividends. Under an employee stock ownership plan, Samsung Securities had been planning to pay cash dividends of 1,000 won (US$0.93) [...]

Securities Firms’ Communications Evolve From Newsletters to Webzines

Securities Firms’ Communications Evolve From Newsletters to Webzines

SEOUL, Nov.24 (Korea Bizwire) – Securities firms are changing their window of communication from company newsletters to webzines. Instead of company newsletters that only shared corporate news with employees, webzines are not only providing tips and information on finance, but also other content related to topics such as culture and travel, establishing a multi-communication platform [...]

Korean Securities Firms Preparing for Hong Kong – Shenzhen Stock Connect

Korean Securities Firms Preparing for Hong Kong – Shenzhen Stock Connect

SEOUL, March 25 (Korea Bizwire) – As the Shenzhen Stock Exchange is expected to open to international investors in the latter half of this year, Korean securities companies are busy preparing to join the market by aligning their trading systems and analyzing the stock items in the market. According to financial industry observers, the stock connect [...]

European Firms Leaving Hong-Kong Wearing Warning to Korean Companies

European Firms Leaving Hong-Kong Wearing Warning to Korean Companies

SEOUL, Korea, April 15, 2014 (Korea Bizwire) – Korean conglomerates and financial service firms have almost doubled their presence in Hong Kong since the global financial debacle in 2008. However, according to Yonhap News Agency, European firms and financial companies are moving to leave the “Pearl of Asia” in droves, raising concerns among Korean companies [...]