Search results for parking account
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
Financial innovation and bespoke finance accelerate amid Middle East risk
Geopolitical risk from the Middle East is shaking monetary and financial policy, with the Bank of Korea holding its policy rate at 2.50 percent for a seventh straight meeting. Governor Rhee Chang-yong warned stagflation cannot be ruled out depending on developments. Financial authorities are expanding support by 26.8 trillion won and boosting contributions and small loans for vulnerable groups. Banks are testing new credit-scoring models for small merchants and firms are widening AI- and platform-based services.
Finance
Jeju Bank unveils \'DJ Bank\'; Shinhan chair says ERP banking can help surpass regional bank limits
Jeju Bank unveiled the first solutions for its digital corporate finance brand, DJ Bank, on Wednesday at Thezoin Eulji Tower in central Seoul. The event presented the basis for an ERP-banking business alongside the brand’s launch. The solutions include an alternative credit evaluation model, a corporate parking account product, loans to support AX solutions and an ERP-linked receivables-backed loan. Shinhan Financial Group Chairman Jin Ok-dong said ERP banking is a new corporate finance model.
