Korea East-West Power Co. has established an Internal Control Working Committee to bolster its risk management and governance, advancing its sustainable management and internal control framework.
#YonhapInfomax
#KoreaEastWestPower #InternalControl #RiskManagement #SustainableManagement #CommitteeLaunch
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=66895

Shinhan Bank's AI chief highlights the need for a "Goldilocks zone"—balancing control and autonomy—as South Korea's financial sector rapidly adopts agent AI for internal controls and automation, mirroring global trends at firms like Mastercard and Goldman Sachs.
#YonhapInfomax #AgentAI #ShinhanBank #InternalControl #Automation #GoldilocksZone #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65161

BC Card Co. reported a 1.6 billion won improper loan incident after an employee raised their own cash advance limit, prompting internal investigations and tighter controls.
#YonhapInfomax #BCCard #ImproperLoan #CashAdvanceLimit #InternalControl #16BillionWon #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=65155

Woori Bank's management evaluation by FSS delayed to Q3 or later, potentially influenced by upcoming change in FSS leadership and ongoing legal reviews of financial incidents.
#YonhapInfomax #WooriBank #ManagementEvaluation #FinancialSupervisoryService #InternalControl #FinancialIncidents #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64464

Teachers' Pension Fund tops Board of Audit's self-audit evaluation, securing A grade for second year amid enhanced internal controls and audit capabilities
#YonhapInfomax #TeachersPensionFund #BoardOfAudit #SelfAuditEvaluation #InternalControl #PublicAuditAct #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63587

Shinhan Securities CEO Lee Sun-hoon warns against excessive investment practices, emphasizes internal control, and initiates mid-term strategy planning amid evolving financial landscape and AI advancements.
#YonhapInfomax #ShinhanSecurities #LeeSunHoon #InvestmentPractices #InternalControl #AIInFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=62285

FSC conditionally approves Woori Financial's insurance acquisition, emphasizing non-financial factors and future improvement potential in internal controls and capital management
#YonhapInfomax #WooriFinancial #FSC #InsuranceAcquisition #InternalControl #CapitalManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61589

FSC conditionally approves Woori Financial's acquisition of Dongyang and ABL Life Insurance, imposing semi-annual reporting requirements until 2027 to ensure compliance with improvement plans.
#YonhapInfomax #FinancialServicesCommission #WooriFinancial #SubsidiaryIncorporation #InternalControl #RegulatoryApproval #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61579

Shinhan Investment Corp. bolsters compliance team and internal controls following major ETF loss incident, aiming to restore market trust and prevent future risks.
#YonhapInfomax #ShinhanInvestment #ComplianceManagement #InternalControl #ETFLossIncident #FinancialRegulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60875

Shinhan Investment Corp. implements strict internal control measures, including executive bonus deductions, following a 130 billion won financial incident, aiming to rebuild trust and organizational health.
#YonhapInfomax #ShinhanInvestment #InternalControl #PerformanceBonus #FinancialIncident #CrisisManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=59679

Financial sector grapples with ambiguity in 'duty of considerable care' within FSS accountability structure, calling for clearer guidelines amid implementation challenges and concerns over potential arbitrary interpretations.
#YonhapInfomax #AccountabilityStructure #FinancialSupervisoryService #DutyOfConsiderableCare #InternalControl #BankingRegulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=59486

Financial Supervisory Service conducts on-site consulting for major banks to implement "accountability structure," aiming to strengthen internal controls and risk management in the financial sector
#YonhapInfomax #AccountabilityStructure #FinancialSupervisoryService #MajorBanks #InternalControl #RiskManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58852

Administrative Mutual Aid Association reappoints Wook-hee Lee as auditor, recognizing his contributions to establishing a fair and transparent internal control system
#YonhapInfomax #AdministrativeMutualAidAssociation #Auditor #WookheeLee #Reappointment #InternalControl #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=57533

KB Capital faces scrutiny from Financial Supervisory Service for widespread violations of maximum interest rate regulations due to system errors, raising concerns about internal controls within KB Financial Group
#YonhapInfomax #KBCapital #FinancialSupervisoryService #MaximumInterestRate #SystemError #InternalControl #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=57371

Financial Supervisory Service urges General Agencies to enhance internal control systems amid ongoing incidents, emphasizing caution in appointing insurance planners with history of illegal activities
#YonhapInfomax #FinancialSupervisoryService #GeneralAgencies #InternalControl #InsurancePlanners #ComplianceStandards #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56768

Woori Financial Group approves tax-free dividends, emphasizes trust restoration and internal control strengthening at shareholders' meeting, with Chairman Lim Jong-ryong outlining plans for digital innovation and ethical corporate culture.
#YonhapInfomax #WooriFinancialGroup #TaxFreeDividends #InternalControl #TrustRestoration #DigitalInnovation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55672

FSS uncovers 88.2 billion won in improper loans at IBK Industrial Bank, involving retired employees, family members, and business associates, with evidence of bribery and systematic concealment attempts.
#YonhapInfomax #IBKIndustrialBank #ImproperLoans #FinancialSupervisoryService #Bribery #InternalControl #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55508

Korea Exchange honors Samsung Securities for top-tier compliance, recognizing excellence in internal control and fair trading practices among member firms
#YonhapInfomax #KoreaExchange #SamsungSecurities #ComplianceAwards #InternalControl #FairTrading #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55476

LS Securities reappoints Kim Won-gyu as CEO, enhances board independence by naming outside director as chairman, and establishes internal control committee in line with governance reforms.
#YonhapInfomax #LSSecurities #CEOReappointment #BoardIndependence #CorporateGovernance #InternalControl #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=55156

FSS downgrades Woori Financial Group's management rating to '3' due to internal control issues and risk management failures, impacting potential acquisitions
#YonhapInfomax #WooriFinancialGroup #ManagementRating #FSS #InternalControl #RiskManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54364