Search results for breach of trust
Finance
Financial sector hacking spreads, delays gain support for digital asset tax postponement
A string of hacking incidents in South Korea’s financial sector has led to confirmed personal data leaks at savings banks and mutual finance groups, prompting authorities to step up inspections and security requirements. Banks are moving to raise cybersecurity spending and expand fraud prevention systems using AI. Market volatility and a steep stock selloff also drew a policy response. Political debate intensified over postponing digital asset taxation and regulating exchange shareholders.
Finance
NH faces audit criticism over unreported embezzlement cases; Chairman Kang Ho-dong denies graft allegations
NH Nonghyup and local agricultural cooperatives came under scrutiny at a parliamentary audit over weak internal controls and budget practices. Lawmakers said NH failed to report six cases with clear criminal suspicions among 21 employee incidents in 2022 and cited a local co-op case in which an employee allegedly embezzled 130 million won but received early retirement pay. Other lawmakers questioned large unallocated budgets and alleged diversions to publicity spending. Chairman Kang Ho-dong denied involvement in a high-priced souvenir purchase case involving secretariat staff.
Finance
Korea Exchange opens after-market, extends KOSPI and Kosdaq trading to 8 p.m.
The Korea Exchange has opened an after-market for the KOSPI and Kosdaq from 4 p.m. to 8 p.m., replacing the previous after-hours single-price session with continuous trading. A total of 38 brokerages plan to participate. The move brings the exchange into direct competition with Nextrade, which already runs an after-market until 8 p.m. Some stocks and products, including ETFs and ETNs, are excluded.
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Finance
Korea to scrap cap on rewards for reporting stock manipulation and accounting fraud
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AI & Enterprise
Korea Exchange steps up AI shift, rolls out AI for disclosure and market measures
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Telecommunications & Media
Broadcast Media Communications Commission holds first full meeting, reauthorises 150 stations; TBS to face hearing
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Industry
Namyang Dairy CEO Kim Seung-eon says first return to profit in five years marks start of growth track this year
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Finance
NH to overhaul \'imperial\' power structure as pressure grows for Kang Ho-dong to step down
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Telecommunications & Media
KT union files police complaint against outside director Lee Seung-hoon over misconduct allegations
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Crypto
Police clear former Gopax chief in GoPay case as repayment process watched
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Crypto
Bithumb former chief gets suspended prison term on appeal over alleged listing kickbacks
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Finance
Prosecutors expand probe into former Namyang Dairy chairman family over 3.7 billion won breach of trust
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Finance
Third Commercial Act revision nears as value-up catalyst, business warns of management chill
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AI & Enterprise
Min E&I signs exclusive distribution deal with STK for GOTCHOO fund incident prevention system