{
Financial Services Commission

Companies

}
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South Korean President Yoon Survives Impeachment Motion Amid Martial Law Controversy

South Korean President Yoon Suk-yeol survived an impeachment motion after his ruling party boycotted the vote, which was triggered by his recent attempt to impose martial law. The opposition plans to revisit the measure, while Yoon has pledged not to attempt martial law again, apologizing for the incident. Amid political turmoil, South Korea's financial markets remain volatile, with warnings of potential impacts on the Korean won.
CNBC
South Korean Won Bofa Securities Inc. Financial Services Commission KOR Park Geun-hye Kim Seon-ho Roh Moo-hyun Han Dong-hoon Yoon Suk Yeol Kim Keon-hee Adarsh Sinha Show more
Regulatory & Legal, News Article
13:42 07.12.2024

Korean regulator rejects proposed corporate law changes by stock investors

South Korea’s top financial regulator, the Financial Services Commission, has expressed opposition to proposed amendments to the Commercial Act aimed at enhancing corporate boards' fiduciary duties to all shareholders. Chairman Kim Byoung-hwan warned that such changes could negatively impact smaller and non-listed companies, in addition to large corporations.
Bloomberg.com
Financial Services Commission KOR Byoung-hwan Kim
Regulatory & Legal, News Article
05:58 02.12.2024
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