Search results for Expert Pick
Finance
Capital market rules tighten as MyData programme expands
South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.
Finance
Alipay global ambitions grow as K Bank gains momentum in third IPO bid
Ant Group is accelerating its push into the global payments market, with Alipay Plus linking more than 40 mobile payment apps across dozens of countries in Asia, Europe and the Middle East. The network is used mainly by tourists at 150 million merchants in more than 100 countries and is expanding QR-based payment services to small businesses in developing countries. In South Korea, K Bank is in focus as it pursues a third IPO attempt, alongside product updates and new card features.
Finance
Woori Bank launches expert-selected retirement pension portfolios
Woori Bank said on Jan. 11 it will introduce the “Expert Pick” portfolio service from this year to provide standardised model portfolios based on customers’ life cycle and investment preferences. The bank said it has built an expert- and AI-based asset management framework. The service targets defined contribution and IRP retirement pension subscribers, providing monthly pension asset strategies and portfolio status. Users can apply via the Woori WON Banking app and choose free sign-up or subscription options.