SOUTH KOREA
Currently, an astounding number of 41 companies find themselves in limbo, awaiting the preliminary review for their IPO applications by the Korea Exchange. Remarkably, 28 of these companies filed their applications in the second half of the previous year, illustrating an unprecedented backlog and underscoring the systemic delays and challenges plaguing the system. Biotech firm … 더 읽기
Former executive Park Chul-wan’s efforts, alongside those of an activist fund, to sway the company’s strategic direction have met with minimal support, illustrating the challenging dynamics at play within corporate governance and shareholder rights in South Korea’s petrochemical sector. This struggle for control, set against the backdrop of a family dispute over the leadership of … 더 읽기
On March 22, the Korea Ratings Agency made a pivotal decision to downgrade Shinsegae Construction’s unsecured bond credit rating from A (Negative) to A- (Stable). This move also saw a decrease in the company’s commercial paper (CP) rating from A2 to A2-. The downgrade stems from a combination of significant operational losses, lackluster sales performance, … 더 읽기
