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Finance

KRX sets three pillars for review of duplicate listings, vows strict tests on independence and shareholder protection

The Korea Exchange will sharply raise the bar for screening duplicate listings of subsidiaries. It plans to apply stricter standards centered on three pillars: business independence, management independence and investor protection, while giving parent-company boards a duty of loyalty to shareholders. The exchange will in principle ban duplicate listings and apply strict tests only in exceptional cases. It will also require parent firms to assess impacts on minority shareholders and disclose proportionate protection measures and communication efforts.

Finance

Mirae Asset Securities draws 4 trillion won into retirement pensions, about 33 percent of market

Mirae Asset Securities said on Wednesday that 4 trillion won in retirement pension reserves flowed in during the first quarter of 2026. Financial Supervisory Service disclosures showed total new funds entering the retirement pension market reached 13 trillion won in the period, with 4.34 trillion won, about 33 percent, going to Mirae Asset Securities. It was the only provider to attract more than 4 trillion won in new funds.

Finance

Woori Bank tightens controls on dormant and closed corporate accounts to block mule accounts

Woori Bank said on Wednesday it will strengthen management of corporate accounts linked to dormant or closed businesses to prevent financial fraud and money laundering. The move follows an increase in cases where accounts in the names of companies that have ended operations are used as mule accounts. The bank will apply account limits mainly to closed companies as of late February 2026 and may lift restrictions after verification. It will also conduct on-site checks of higher-risk firms.