South Korea's financial regulators have launched a joint task force to crack down on stock manipulation, signaling severe penalties for securities firm employees involved in unfair trading, with major investigations already underway at leading institutions.
#YonhapInfomax
#StockManipulation #FinancialServicesCommission #NHInvestmentSecurities #UnfairTrading #InternalControls
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=74775

Kyobo Securities Co. convened its 2025 H2 strategy meeting in Seoul, prioritizing enhanced internal controls and digital transformation, with a focus on AI capabilities and customer-centric services.
#YonhapInfomax #KyoboSecurities #InternalControls #DigitalTransformation #ArtificialIntelligence #ManagementStrategyMeeting #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=73873

South Korea’s Financial Supervisory Service has urged banks to bolster internal controls as AI adoption rises, highlighting new risks and unveiling its own AI-powered inspection tools at a sector workshop.
#YonhapInfomax #FinancialSupervisoryService #ArtificialIntelligence #InternalControls #BankingSector #RiskManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=70812

Mirae Asset Life Insurance revealed a five-year embezzlement case by a partner GA planner, with KRW 530 million ($382,000) in client funds misappropriated, prompting legal action and tighter controls.
#YonhapInfomax #MiraeAssetLifeInsurance #Embezzlement #GeneralAgency #ClientFunds #InternalControls #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68485

A DB Securities employee embezzled 35.5 billion won ($25.7 million) over 10 years by exploiting gift card purchase loopholes, exposing major internal control failures.
#YonhapInfomax #DBSecurities #Embezzlement #InternalControls #GiftCardFraud #InvestmentLosses #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67598

Woori Bank has launched a real-time monitoring system to detect and preemptively block abnormal employee access to customer data, strengthening internal controls amid rising concerns over personal information leaks in South Korea’s financial sector.
#YonhapInfomax #WooriBank #PersonalData #MonitoringSystem #InternalControls #InformationProtection #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67341

South Korea’s major pension funds face criticism for weak internal controls, as most lack or fail to enforce rules restricting employees’ stock trading, enabling multi-million-won corruption schemes—including high-profile kickbacks at the Construction Workers’ Mutual Aid Association.
#YonhapInfomax #PensionFunds #InternalControls #StockTrading #ConstructionWorkersMutualAidAssociation #Kickbacks #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65233

Financial authorities block Shinhan Securities' ETN listings following 130 billion won LP incident, demanding strengthened internal controls before resuming new product launches
#YonhapInfomax #ShinhanSecurities #ETNListing #InternalControls #FinancialAuthorities #LPIncident #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64286

FSS conducts workshop for asset management firms' compliance officers, emphasizing internal controls and sharing inspection findings to strengthen industry compliance practices
#YonhapInfomax #FinancialSupervisoryService #AssetManagementFirms #ComplianceOfficers #InternalControls #ResponsibilityStructureDiagrams #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63572

Financial Supervisory Service launches special inspection of Shinhan Card, focusing on internal controls for overseas business amid ongoing regular inspections of Shinhan Financial Group and Shinhan Bank
#YonhapInfomax #FinancialSupervisoryService #ShinhanCard #SpecialInspection #OverseasBusiness #InternalControls #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63098

Woori Financial Group to invest 100 billion won in internal controls after subsidiary approval, aiming to enhance governance and financial soundness by 2027
#YonhapInfomax #WooriFinancial #SubsidiaryIncorporation #InternalControls #CapitalRatio #InsuranceStrategy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61591

Financial incidents in South Korea's financial sector totaled 842.28 billion won over six years, with last year hitting a record high of 359.56 billion won, raising concerns about internal controls and regulatory oversight.
#YonhapInfomax #FinancialIncidents #EmbezzlementFraud #BankingSector #RegulatoryOversight #InternalControls #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60676

FSC intensifies discussions on Woori Financial's insurance M&A, focusing on capital ratio and internal control improvements amid management evaluation concerns
#YonhapInfomax #WooriFinancial #InsuranceMA #FSC #CapitalRatio #InternalControls #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56447

Shinhan Financial Group Chairman Jin Ok-dong outlines plans for value-up, internal controls, and qualitative growth at annual shareholders' meeting, emphasizing digital transformation and customer-centric approach.
#YonhapInfomax #ShinhanFinancial #ValueUp #InternalControls #ShareholderReturn #DigitalTransformation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55693

IBK Industrial Bank forms Reform Committee and implements strict measures to prevent improper loans, with CEO Kim Sung-tae apologizing for the recent 88.2 billion won loan scandal involving employees and their relatives.
#YonhapInfomax #IBKIndustrialBank #ReformCommittee #ImproperLoans #InternalControls #ConflictOfInterest #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55631

FSS uncovers 88.2 billion won in improper loans at IBK, with evidence of bribery and entertainment, prompting stricter oversight and internal control measures in the financial sector.
#YonhapInfomax #ImproperLoans #FinancialSupervisoryService #IndustrialBankOfKorea #Bribery #InternalControls #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55464

Hanwha Life reinforces trust-based management and internal controls, pledging enhanced customer trust with subsidiary insurance agencies
#YonhapInfomax #HanwhaLife #TrustManagement #InternalControls #CustomerTrust #InsuranceIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54151

OK Capital launches real estate project financing evaluation committee to strengthen risk management and internal controls amid prolonged market downturn, aiming for business restructuring and diversification.
#YonhapInfomax #OKCapital #RealEstatePF #InternalControls #RiskManagement #BusinessRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52182

FSS Governor Lee Bok-hyun urges banks to balance financial soundness with shareholder returns, emphasizing internal controls and responsible practices amid record profits and financial incidents.
#YonhapInfomax #FSSGovernor #ShareholderReturns #FinancialSoundness #InternalControls #BankingRegulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=51308

FSS to implement IT audit guidelines for financial firms by month-end, aiming to prevent system failures and enhance digital competitiveness while maintaining financial IT stability
#YonhapInfomax #FinancialSupervisoryService #ITAuditGuidelines #SystemFailurePrevention #InternalControls #FinancialITStability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50752