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FSS warns private equity firms over employee irregularities

The Financial Supervisory Service (FSS) has sent a warning message to local private equity firms (PEF) operating trillions of won of funds entrusted to them by institutional investors. The move comes as the state-run financial watchdog cracks down on irregularities by employees as well as major shareholders of asset management companies.
Soult Ukpyolsi South Korea Cholla Namdo Seoul Southern District Prosecutor Office Financial Supervisory Service Hahn Company

Pressure mounts on milk producers to cut prices

The Ministry of Agriculture, Food and Rural Affairs recently met with South Korean dairy companies in a bid to increase the pressure on them to minimize price hikes for milk, according to Food Ministry Wednesday. According to a Food Ministry spokesperson, the Food Ministry asked Korean dairy companies during a closed-door meeting to minimize price hikes for milk that are expected to take place amid a forthcoming surg...
South Korea Kyongsang Bukto Soult Ukpyolsi Cholla Namdo South Korean Lee Yoon Seo

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