Search results for Korea Franchise Industry Association
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
Toss signs MOU with Korea Franchise Industry Association to expand Facepay
Viva Republica, operator of Toss, has signed a strategic memorandum of understanding with the Korea Franchise Industry Association to promote payment innovation in the franchise sector centred on its face-recognition payment service, Facepay. The agreement was signed in Seoul on April 13. The association will support adoption among member companies, while Toss will provide payment infrastructure and technology. The two sides also plan joint promotion, initial technical support and training programmes.
Industry
Na Myung-suk takes office as Korea Franchise Association chief
The Korea Franchise Industry Association held a handover ceremony and vision declaration on Jan. 19 at the Conrad hotel in Yeouido, Seoul. About 500 people attended, including 13 lawmakers and officials from the Industry Ministry, the Fair Trade Commission and the Agriculture Ministry. New chief Na Myung-suk outlined four visions focused on ethical management, welfare including mutual aid, globalising K-franchises and strengthening policy and media functions.
