Tag: hsbc

hsbc

Latest News

Financial Supervisory Service Deputy Director Ham Yong-il speaks during a press briefing on the interim result of the ongoing investigation on global investment banks over illegal short selling practices in western Seoul on Friday. [YONHAP]

The bigger short: FSS uncovers $74.6 million more in illegal selling

The interim results of an investigation by the financial watchdog found that BNP Paribas, HSBC and seven others engaged in illegal short selling with a total value of 211.2 billion won.

2024.5.6

Financial Services Commission Vice Chairman Kim So-young speaks in a meeting held to discuss financial market in central Seoul on Wednesday. [YONHAP]

BNP Paribas, HSBC, brokerage firms fined $20.4M for naked short selling

Korea’s financial regulators slapped BNP Paribas, HSBC and brokerage firms with a combined 26.52 billion won ($20.4 million) in fines for illegal short selling in Korea, the heaviest penalty for the practice.

2023.12.25

Most popular

Gov't seeks cancellation of tribunal's Lone Star Funds ruling

The Korean government is seeking the cancellation of an international arbitration institution's decision ordering Korea to pay $216.5 million plus interest to Lone Star Funds as compensation for the selloff of Korea Exchange Bank (KEB).

2023.9.1

Justice Minister Han Dong-hoon speaks to reporters at the government complex in Gwacheon, Gyeonggi, on Aug. 9. [NEWS1]

Korea appeals World Bank ruling on Lone Star dispute

The Korean government officially filed a complaint against the international tribunal’s earlier ruling of compensating $216.5 million to the U.S. private equity firm Lone Star Funds over the selloff of Korea Exchange Bank in 2012.

2023.9.1

Stephen Moss, regional CEO of HSBC Middle East, North Africa and Turkey, delivers a keynote speech during the HSBC Middle East Forum held at Seoul Plaza Hotel in central Seoul on Tuesday. [HSBC]

HSBC senior executives highlight allure of Middle East for Korean companies

Senior executives of HSBC said Korean companies can enjoy a blue ocean in the Middle East — particularly in growing sectors such as bio, nuclear energy and renewable energy — at a business forum held in Seoul.

2023.5.18

Justice minister Han Dong-hoon speaks on an arbitration ruling ordering the Korean government to pay $216.5 million in compensation during a briefing in Gwacheon, Gyeonggi, on Tuesday. [YONHAP]

Lone Star arbitration ruling to be challenged by Korea

Dallas-based Lone Star Funds has been awarded $216.5 million in an arbitration with the Korea government over losses it incurred when it sought to sell a stake in Korea Exchange Bank (KEB).

2022.8.31

HSBC Korea's newly innovated office in Jung District, central Seoul. [HSBC KOREA]

HSBC Korea completes overhaul of office to encourage flexible work

HSBC Korea has refurbished its local offices to make them better structured for flexible and collaborative work.

2021.8.31

HSBC appoints a new head of global banking

Jonathan Yip, who has been serving as the acting head of global banking since July last year, was confirmed as the head of global banking.

2021.2.15

Shipments stocked up at a port in Busan on Sept. 1. [NEWS1]

HSBC and BCG issue warning about trade protectionism

The global economy is set to lose $10 trillion of growth over the next five years if the trade war between the United States and China worsens, HSBC and the Boston Consulting Group (BCG) warned in a recent report released Thursday.

2020.9.17

Bank of Korea Gov. Lee Ju-yeol forecasts this year's inflation rate at the central bank's headquarters in Seoul on Thursday. [NEWS1]

BOK expects no inflation this year

The Bank of Korea (BOK) on Thursday projected this year’s inflation at 0.3 percent and next year's at 1.1 percent.This is lower than last year’s 0.4 percent and far lower than the BOK’s target of 2 percent for this year.

2020.6.25