Search results for Jan. 26
Finance
Higher bar for \'split listings\' to reshape subsidiary IPO landscape
A reform plan on duplicate listings by the Financial Services Commission and Korea Exchange takes effect from Aug. 3, raising hurdles for listing unlisted subsidiaries controlled by listed firms. Spun-off subsidiaries must obtain shareholder approval, while acquired or newly established units face tougher reviews without consent. The plan limits duplicate listings in principle, allowing exceptions only with shareholder protection measures and confirmed subsidiary independence, and imposes five duties on parent boards, along with special committee review requirements.
General News
Yoon Suk Yeol sentenced to life in prison as court finds insurrection over martial law
Former South Korean President Yoon Suk Yeol was sentenced to life in prison at first instance on charges of being the ringleader of an insurrection linked to the Dec. 3 martial law episode. The court said it was hard to deny he intended to block and paralyse parliamentary activity by sending troops to seal the National Assembly and arrest key figures. It also cited sentencing factors including planning and social costs.
Entertainment
IU concert to air on MBC over Lunar New Year holiday; Park Bo-gum \'Mongyudowondo\' stills draw attention
With the Lunar New Year holiday nearing, entertainment news is boosting anticipation among drama fans. IU\'s Sangam concert will be available to watch at home on MBC on Feb. 17. Casting controversy has resurfaced around idol appearances in musicals after STAYC\'s Sieun joined \"Seopyeonje\". Actor Lee Chae-min is reviewing an offer for a Korean drama adaptation of \"The Miracles of the Namiya General Store\". Stills from \"Mongyudowondo\" featuring Kim Nam-gil and Park Bo-gum drew attention. D Awards updates and OTT rankings also featured.
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Finance
Shinhan Bank launches second sale of Shinhan SOLmate time deposit
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Finance
BNK Investment Securities runs 3.69 percent credit loan rate event
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Crypto
CZ rebuts four rumours about Binance, from BTC sale claims to crash blame
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Games & Commerce
Naver expands its \'data territory\' for AI agent era between chatter and records
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Finance
Foreign ownership and retail cash reach record highs in South Korean stocks, raising correction fears
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Telecommunications & Media
Cha Eun-woo faces tax evasion allegations as Shinhan Bank draws attention
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Industry
iM Financial rewards top subsidiaries for ethical management and stronger internal controls
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Crypto
Institutions say bitcoin still undervalued after 30 percent drop
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Crypto
Can 20,000 XRP deliver financial freedom? Expert analysis
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AI & Enterprise
Ricursive raises $300 million in Series A, says AI cuts chip design time
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AI & Enterprise
TmaxSoft declares shift to global AI business platform company
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Finance
KOSPI closes above 5,000 for first time; KOSDAQ ends above 1,000
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Finance
iM Financial holds rally to pledge management goals and consumer protection
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Telecommunications & Media
Apple seen moving to expand Face ID beyond iPhone to Mac
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Crypto
Crypto market loses $150 billion as traders shift to prediction betting