Bo-Hyung Kim

1 month ago | kedglobal.com | Bo-Hyung Kim |Jeong-Soo Hwang

South Korea's National Assembly on Thursday passed an amendment to the Commercial Act to expand boards of directors’ fiduciary duties to minority shareholders. The move drew strong criticism from business leaders, who warn it would expose a greater number of companies, especially smaller ones, to management disputes and foster a risk-averse culture. Despite opposition from the ruling People Power Party, the liberal Democratic Party, which holds a parliamentary majority, pushed ahead with the bill.

Nov 25, 2024 | kedglobal.com | Bo-Hyung Kim

South Korea's Woori Bank said on Tuesday it will arrange the Qatar Ras Abu Fontas desalination and power plant project, estimated to cost $3.7 billion. The project involves the construction of a 2.4GW gas-fired combined-cycle power plant and a desalination facility with a daily capacity of 500,000 tons near Doha, Qatar. The output will be sold to the Qatar General Electricity and Water Corporation (KAHRAMAA) under a 25-year agreement.

Nov 5, 2024 | kedglobal.com | Bo-Hyung Kim

South Korea’s KB Financial Group said on Tuesday that it had obtained ISO 30414 certification, becoming the first in the domestic financial sector to meet this international standard for human capital management. ISO 30414, issued by the International Organization for Standardization, serves as a guideline for human capital reporting. It covers 11 domains and 58 indicators, including metrics for costs, diversity, leadership, organizational culture, and productivity.

Nov 3, 2024 | kedglobal.com | Sung-mi Shim |Tae-Ung Bae |Bo-Hyung Kim

South Korean investors are hoarding cash as Samsung Electronics Co., the world’s top memory chipmaker, huts local stocks and growing uncertainties over the US presidential election put pressure on Wall Street assets.

Oct 25, 2024 | kedglobal.com | Bo-Hyung Kim

KB Financial Group Inc., South Korea’s largest financial holding group, is set to use its excess capital for share buybacks and dividends from next year as measures to boost shareholder returns and corporate value. KB Financial on Thursday also unveiled a plan to increase its spending on share buyback and dividends to 2 trillion won ($1.5 billion) this year as its net profit was expected to hit a record high in 2024.