[South Korea's Choice Financial newspaper reporter] woobyeongwoo there are workshops taking place've been greeted solicitation list of targets we have discussed with bankers who solicited those related to the former presidential civil affairs passed to the chief.
Five candidates 23 days Statement, including last January we banker selection process in climbed to interview candidates with yigwanggu haengjang gimbyeonghyo before our Private Equity president, Kim Seung-gyu former Woori Financial Group Vice President, gimyangjin former chief buhaengjang, yunsanggu ago buhaengjang, Lee before buhaengjang out the said 'never attempted to greet solicited through the defense line to become a banker at all. "
Latest Park Young - Soo special inspection team reportedly choesunsil Mr. woobyeongwoo former civil affairs chief at the time of Civil Affairs suseoksil was being served Commissioner, available to our bankers, the filled document file context suspected of the three personnel favors such as KT & G CEO.
In this regard, our Bank is the banker to become a press clarification materials 20 days' woobyeongwoo ago last July dwaetdaneun personnel favors files of civil affairs chief has been created through the our defense line some candidates situation yieoteumedo though that CEO tenure remains more than six months it is estimated personnel attempted solicitation in the context of 'high has said.
In particular, our banks 'current yigwanggu haengjang is independent of the personnel attempted solicitation and was appointed as CEO by the Board of Directors elected first phase dominated by private shareholders' and referred to yigwanggu haengjang made it clear that the allegations personnel not subject solicitation.
Five former candidates this regard, we have the bank in a press clarification materials incumbent CEO has ssolrigo to the other candidates found that the regardless naturally shame seureopgo infamous suspicion 'said' our bank is circumstantial, some candidates tried to greet solicitation saying the evidence was estimated to be, independent counsel will vary reveal the identity of the personnel solicited for the honor of our CEO candidates not associated with unsolicited 'he asked.
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Friday, February 24, 2017
We greet Bank solicitation workshop truth ... Interview candidates "have no enemies."
Sigh turned sinchangjae Kyobo Life President ... Samsung, Hanwha life difficult for reappointment
[Korea gimmingyeong financial newspaper reporter] Financial Supervisory Service issued a warning about the censure of President chanamgyu 23 days of the sanctions Committee Kim, Chang - Su Samsung Life Insurance to commit suicide does not pay on time and in agreement with the president of Hanwha life. Finance company CEO received a warning censure is impossible to fill the remaining term of office after two terms.
Simwi the first few hours ahead of the announced paid in full the accrued suicide sinchangjae chairman of Kyobo Life Insurance has issued a warning liberal measures for the gyeongjinggye.
FSS is discussed at the end of the day more than 8 hours Samsung, Hanwha, Kyobo voted for sanctions on such life-CEO of three. Warning Warning liberal censure and a decision is likely to change because jinungseop confirmed by the Financial Supervisory Service jeongyeol is less that the industry is still believed.
FSS so that you can also sell products guaranteed to ensure the disaster killed these three companies during 1-3 months suspension made some sales.
FSS for sanctions reasons if the insured committed suicide in the last 2 years later from liability date the Terms although described as being the Accidental Death Benefit Payments did not pay the insurance money intentionally, the insured beneficiary to disaster death benefit claim for insurance payments were also did not explain, "she explained reasons.
If Samsung Life Insurance and Hanwha boss Kim, Chang - Soo life chanamgyu censure of the president warning that confirmed their reappointment becomes impossible. Samsung Life is opening the same day, the Board determines the reappointment of President Kim, Chang - Soo, but the next term of office in accordance with the 'mouth' of the day, the FSS is made opaque.
The term of office of the president of Hanwha Life chanamgyu kkajida March next year. In the meantime, however, the financial company's CEO received a warning censure is reportedly less if I retreated to fill even the term.
Hastily given the 'risk owners' decision to commit suicide Kyobo Life insurance pays a mere gyeongjinggye. Insurance industry officials have predicted that "would have influenced the decision to lower the water level to sanction suicides insurance payment day for the reappointment of the chairman sinchangjae owner managers. Kyobo Life sinchangjae not be re-elected as president if the owner CEO who served almost 20 years has gotta expected to be a major blow to management stability.
Samsung Life Insurance and Hanwha life insurance suicide over the statute of limitations according to the Supreme Court, which has reportedly taken a position that you do not have to pay. The industry also expects these insurers to review such complaints.
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"China's blood transfusion 'doorstep insurance ... Allianz Life Chinese greeting Dagger Sudan
[Korea gimmingyeong financial newspaper reporter] Most of the registered office of Allianz Life Insurance acquired the Chinese master bedroom was replaced with a Chinese greeting. The master bedroom and ahead of Tong Yang Life Insurance in a similar move to the spiral 'Chinese blood transfusion.
In 23 days the insurance industry showed that the newly elected officers registered Chinese Allianz Life won a majority in the Council, except for the Executive Committee Subcommittee. The subcommittee consists of three people, two people consists in the registration of Chinese executives gotta let people be less than a majority voting against the rest of the event became a de facto Shem 'monopoly'.
Council officers are placed under the umbrella of the Nominating Committee and the Audit Committee, Remuneration Committee, Risk Management Committee, the highest decision-making bodies such as the Executive Committee of Allianz Life.
Such move is seen as part of the blood transfusion China 'doorstep in Tong Yang Life Insurance boyeoon last year. Insurance industry officials have predicted that "will be reorganized to rapidly advance to the master bedroom also group of companies Allianz Life, as did East life.
Master bedroom has shuffled the executive insurance personnel to replace eight of nine people registered office immediately after the acquisition of Tong Yang Life Insurance in 2015. Even a year later that five of the nine people mideunggi officer for two months was replaced by the Chinese.
Industry insiders said, "other foreign insurers only cease to dominate the executive board certified master bedroom including insurance of a person seated in relation to China, nearly half mideunggi officers also take on the practice.
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Jinungseop "big bio-hazard spill certification ... To improve the problem. "
[Korea goyounghun financial newspaper reporter] jinungseop Financial Supervisory Director "We need to improve and verify the safety problems because it is difficult to modify the risk of bio-source information if authentication is leaked," he said.
Jinungseop Director at the Financial Supervisory Service held financial services sector IT investment banking 24 days in one session, "Financial firms are scrambling to actively introduce certification means utilizing the biometric data such as fingerprints, iris," he told reporters.
Jean ledger "FSS is intended to prepare for the new risks to prescribe a time of revolution represented a 2017-pin Tech and threaten the financial system" and "seated in financial IT environments supervision and inspection methods of risk-based I will focus on the ability to coach, "emphasized he says.
This is a policy response to the FSS hagetdan preemptive security threats that can occur when introducing new electronic financial services.
He said, "through encryption or separate storage, such as bio information will map to help financial companies can themselves have the responsibility manages the biometric data" and "over deals detection system for cyber attacks that cause consumer harm malicious code spreading, etc. (FDS ) will expand the sharing between the detected information from financial institutions, "he said mentioning.
FSS is also promoting IT risk-based supervision, inspection, and then he said he would pin the tech support.
Jean Director "This year's ahead of the first voyage to launch an Internet specialized bank there is a possibility that the stability of the financial system inhibition" and "this director, a finance company-specific risk levels to effectively utilize the inspection resources on the IT system stability measure, we will conduct a differentiated inspection supervision, "he said.
UK Financial Services Authority Act (FCA) has secured new market entrants in the ecosystem custom regulations and policies for the pin-tech companies. As a result, pin-tech market in the UK sales of 6.6 billion lbs (worth about 9.4 trillion won), employment has reached 10 000 1000 Sleeps 6 guests.
Jean ledger "and innovative plans to lower the pin Tech Technique financial barriers to entry of new companies armed with innovative ideas and finance companies will enable an open platform for resources between synergy," said "financial companies and take responsibility Pin tech companies should do the ceremony, "he said.
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9 The Board of Directors of KB Financial humans ... Foreign Outside Directors
[Korea Jeongseon financial newspaper reporters] KB Financial Group today announced the opening of outside directors Nominating Committee recommended 24 days ago Matt Stuart Solomon Life President (photo) as candidates for outside directors.
Solomon's new outside director candidates graduated from Syracuse University in the United States nationality has undergone its first branch in New York, Korea Exchange Bank in 1971 in the Peace Corps.
After the incident in the year 1995 led to 16 years of life mat life insurance industry until his retirement in December 2011 President. The term of office of the Director of Solomon is two years.
KB Financial Group explained, "Solomon, former chairman of outside directors has recommended measures to strengthen the functions of the Advisory Board for the non-banking sector, including the insurance industry, said" takes into account the shareholder structure Foreigners account for a considerable proportion.
KB Financial Group has further extended the existing term of six outside directors, including former choeyounghwi, yuseokryeol, yibyeongnam, bakjaeha, Eunice Kim Kyung Hee, hanjongsu year.
KB Kookmin Bank has a representative to represent non-executive director of the National Bank of Yi Hong Management Support Group had conducted two years is also non-executive directorships term extended for one more year.
KB Financial Group said, "Yi Hong non-executive director candidates have extensive experience across business management, including business, served as a strategic and financial sector representatives, personnel of the Group up to a subsidiary of KB Kookmin Bank's reappointment was decided.
This Board of Directors of KB Financial was equip a total of nine systems including seven outside directors, executive directors and 1 (yunjonggyu Chairman), non-executive directors and 1 (Yi Hong representative).
KB Financial Group Board of Directors has maintained a system of eight quit after an outside director for the National Assembly election choeunyeol director in March of last year. Gimokchan KB Financial Group president again after last year did not embark on the Board of Directors.
Seven non-executive directors outside directors causal one final candidate is elected after the general meeting of shareholders held 24 days next month.
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Samsung Electronics · SK 'Transparent Management' will ... 1 billion more than the public contribution
[Korea gimeunji financial newspaper reporter] business community is actively sets out to enhance the transparency of donations provided the excuse of the canon, such as adhesion doubt choesunsil gate.
Be sure to go through the information and related decisions of the Board of Directors to pay a Samsung Electronics and SK Group has more than 1 billion won donations and contributions, financial contributions According to 24 days was also released to 100%. Through the strengthening of the contribution payment process it is intended to dispel unnecessary misunderstanding sikindaneun in advance.
It is also through external pressure of immoral expects to be blocked. Silse regime also difficult to unreasonable demands, it is clear also it causes companies to reject it.
Samsung has to go through only if the decision of the Board of Directors to pay a donation to more than 30 billion ~ 50 billion won donation and social contribution fund and related parties 50 billion won before.
Prior to last 23 days and have 22 days to open the SK Telecom and SK Hynix Board of Directors to pay more than 1 billion won donation or sponsorship, including contributions passed a proposal to mandate the Board of Directors decision.
As the main subsidiary of SK Telecom, SK and SK Hynix entered the same pace the rest of subsidiaries are also expected to go follow the same procedure.
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'Profits' bylaws standing deleted ... Chey Tae-won happiness management Rate produce
[Korea gimeunji financial newspaper reporter] SK Group, the management system of 'SKMS' is changed to 'happy maximize stakeholders'. Chairman Chey Tae-won ahead stressed that "the fundamental innovation and create greater happiness than before, and divide it with the communities."
Chey Chairman through the sinnyeonsa "We will have achievements of the SK Group developed appear in the form of investment and employment to contribute to the country and society," said this year's management policies: decided to 'SKMS practice new value creation through deep changes.
SKMS management system for both the company and its shareholders, including members of SK Group has changed the situation for the period up to the chairman Chey Tae-won Chey Jong Hyon fleet after two years made president in 1975 after the rectification work.
Chairman Chey Jong Hyon was evolving to meet a more focused emphasis on the management philosophy of "present value of a company is to maximize profits, but somehow after the turn of the era SKMS Chairman Chey Tae-won is 'happy' and 'new value' of its members.
It was a picture of a company that is a member Chey Rather than seeking only profits and shareholders, and even be present for the happiness of "Customer".
He explained that last October in the relevant CEO Seminar, "we shall have the happiness of stakeholders including customers, shareholders, society should be prerequisite to happiness, and divide our happiness with them," the revised SKMS.
SKMS new building of SK Group, SK Hynix has ventured out as a leader. SK Innovation is a key affiliates such as SK telrekomwa this is also planning to participate.
SK Hynix "grow with society through the contribution must, of course, economic development, social value creation in the company 'management philosophy, corporate culture and information has changed.
Traditionally, companies shall make every effort to meet with the management of the contribution to economic and social development and contribute to society through cultural activities, social norms and ethical standards' is used a phrase.
Plans to invest 17 trillion won this year, Choi said the president should, as amended, and the SKMS context. SK Group ∙ A comprehensive recruitment plan for the year of 16 major investment affiliates a result, both the investment and totaled 17 jowonreul to adopt the 8200 people.
In this regard, SK official explained that "all affiliates will grow more fruit for the happiness of the company is also investing aggressively in the growing spiral ∙ adopted this year."
The maximum chairman Choi, Jae - Won SK Group Vice President, choechangwon SK Chemicals Vice President, SK cousin three brothers were side by side joined to the fruit Community Chest of Korea 100 million won or more Major Donors meeting of 'Honor Societies' 1-3 No. year on the Member of love.
SK Networks, SK won the latest autumn brother president is fulfilling its social responsibilities as a company, etc. to join the Honor Society earlier than in 2007.
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Daewoo Shipbuilding & Marine Engineering, accounting fraud charges 4.545 billion won a second successive scale ...
[Korea hyerin nine financial newspaper reporter] can be subject to fines trillion was 4.545 billion won in Daewoo Shipbuilding committed accounting fraud. Based on a single company by May 8, 2013. First Savings Bank (6.692 billion won) Gyeongnam The monetary sanction after sanction of the second largest ever.
FSC Securities and Futures Commission (Chairman jeongeunbo) said that the last 23 days opened the first temporary violation of accounting standards at the meeting by creating a financial statement disclosures, the treatment imposed a 4.55 billion won in fines Shipbuilding Company. In addition gojaeho former Daewoo Shipbuilding CEO egen it had imposed fines of a total of 28 million won, including 16 million won, 12 million won egen jeongseongrip current representative.
In addition, jeungseonwi counsel dismissed gimyeoljung Chief Financial Officer (CFO), said auditors, exited the measures specified in Daewoo Shipbuilding for three years.
According to the financial authorities-scale accounting fraud committed a total of nine years from 2008 to 2016 Daewoo Shipbuilding & Marine Engineering last year has reached 7.7 trillion won on a cumulative basis. · Revenue was reduced to inflate reported expression that the cost of sales and related assets and liabilities.
Specifically, total construction estimates were over-year progress of the construction and operation reduced the expected cost, and did not delay damages (LD) due to the delayed delivery of the ship and overweight reflect deducted from gyeyakga. In addition, changes refusal notice the construction from ship owners (Change Order) to made the expected contract revenue reflects increased to gyeyakga, that while rewriting the past, the financial statements unfairly, including historical financial statements approval date after the ship owners and the agreed construction changes gyeyakga due to year increase reflects violated the disclosure in a manner such as to rewrite the past financial statements.
In addition, such a technique Long-term trade receivables allowance for doubtful accounts recorded under, excessive investments in subsidiaries recorded deferred tax assets related to net losses accounted hype, delay damages comments not shown, false declaration listed securities was caught.
Jeungseonwi fell measures such as Daewoo Shipbuilding Samjung Accounting Firm in violation of auditing standards and auditing the marine earn additional compensation fund, limited audit work. Samjung Accounting Firm for the Department issued a certified public accountant and specify actions such as stock-listed company audit work restrictions, limited audits of the Company.
On the other hand, it is treated jeungseonwi another external audit firm sanctions information on Anjin thanked the Shipbuilding said it would finalize in the process of undergoing further supervision and financial jeungseonwi above-discussed above.
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Exchange and KOSDAQ IPO approval Shinshin pharmaceutical ... 28 days tradable
[Korea goyounghun financial newspaper reporter] Korea Exchange announced that it has 24 days to approve the KOSDAQ IPO of Shinshin constraints. Date of listing and trading ganeungil is 28 days.
Gongmoga of pharmaceutical Shinshin is 4500 won.
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KIS, DSME's credit rating downgraded to 'B' ... Liquidity risk corporate bonds
[Korea goyounghun financial newspaper reporter] Korea Investors Service announced that the downward unsecured bond rating of DSME through frequent assessment to 24th in the existing B + B.
KIS is "reflected the large bond maturities uncertainty of liquidity risk and maturity of the arrival, and the likelihood of further loss of credibility compromised account information," he said.
Also explained that the negative environment of sluggish sales and orders throughout the shipbuilding industry due to the varying financial and equity-scale view.
DSME Okpo Shipyard construction began in the year 1973, Geoje, South Gyeongsang Province. In the process of dismantling the Daewoo Group it was founded by a business division of Daewoo Shipbuilding Heavy Industry 2000. The largest shareholder with comprehensive shipbuilding and marine specialist to dry LNG carriers, oil tankers, container ships, etc. is an industrial bank.
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[Closing market] Kospi, dropped the line ... 2090 · SK Hynix, Samsung Electronics Foreign selling away
[Korea hyerin nine financial newspaper reporter] KOSPI fell to 2090 line.
24 days Kospi fell in five days and switch naejwotda the 2100 lines. He got out of the foreign selling of large-cap index by dragging the center of the sheet was oversold cyclical consumer goods sectors vacancy attention.
Last night under the influence on the domestic market for IT-related stocks led the US stock market fell a lot in Samsung, SK Hynix, including foreign IT daejangju sale.
The KOSPI index closed the day 13.51 points (-0.64%) 2094.12 down compared to the previous trading day.
By principal trading in the securities market, foreign net selling of 122.6 billion won was. On the other hand, individuals and institutions were net long positions respectively 7.4 billion won and 664 billion won.
Foreigners are buying stocks were LG Household & Health Care (191 million), Hanmi Pharmaceutical (10.7 billion), LG Electronics (10.4 billion), selling stocks, Samsung Electronics (-891 million), SK Hynix (-544 million), E-Mart (- 16.8 billion) was the like.
On the other hand, institutions are buying stocks Amore Pacific (277 million), Lotte Shopping (189 million), were such as Korea Electric Power (181 million), stocks are selling SK Hynix (-705 million), POSCO (-265 billion), LG Display ( -226 million) were the like.
By sector fell like steel and metals (-2.75%), electrical and electronic (-2.64%), medical precision (-1.25%) and securities (-1.19%), paper and wood (-0.62%).
Medicines (1.38%) Food and beverages (1.82%), textiles and clothing (0.95%), chemicals (0.51%), electricity gaseueop (0.48%), banks (0.36%) and rose.
Market capitalization stocks open higher was mixed.
Samsung Electronics (-2.45%), SK Hynix (-5.38%), NAVER (-0.62%), POSCO (-4.11%), Shinhan Financial Group (-0.95%), Samsung Life Insurance (-0.47%) and closed at both weak did.
On the other hand, Hyundai Motor Company (1.37%), Korea Electric Power Corporation (0.46%) and Hyundai Mobis (0.58%), Samsung C & T (0.81%) was the rise.
The KOSDAQ index also dropped consecutive days.
KOSDAQ index ended the day down 614.75 to Chapter 2.92 points (-0.47%) compared to the previous trading day. Foreigners were net buyers and individuals 20.3 billion won, 646 billion, respectively, and 76.9 billion won net selling agencies alone.
Won / dollar exchange rate in the Seoul foreign exchange market closed at 1131.5 won fell 5.8 won compared to the previous trading day.
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[Deadline bond] yields decline ... Treasury futures Foreign buying influence
[Korea hyerin nine financial newspaper reporter] government bond yields fell (rising bond prices) ended.
24 days, bond yields fell under the influence of gyeonggyegam buying a government bond futures and foreign government bonds issued next month, according to a plan released yesterday.
Day, according to the Korea Financial Investment Association 3-year government bond fell 1.0bp 1.666% against the previous trading, the 10-year government bonds finished trading at 2.175%, down 3.1bp. 50-year showed a rise 3.7bp 2.255%.
Three years government bond futures (KTBF) is closed in one tick, up 109.50 compared to the previous trading day. But foreigners buy the 1871 agreement, securities are sold a 1055 agreement. 90 000 dwaetgo 6042 contract deals, contract open interest fell by 5855.
'10 KTB futures (LKTBF) was trading at 125.13 compared to the previous trading day rose 25 ticks. Foreigners were net buyers the 5019 agreement, brokers were net short 3730 contracts. 80 000 6830 dwaetgo contract deal, open interest has increased by 2475 contracts.
91-day MSBs was trading at 1.326% compared to the previous trading day down 0.3bp. While one-year monetary stabilization was finished trading at 1.465% down 0.2bp, 2-yr MSBs hold was trading at 1.611% down 0.2bp.
Debentures (unsecured three years) AA- yields fell 0.8bp 2.133%, corporate bonds (non-guaranteed 3 years) compared to the previous trading day closed at 8.337 percent, down BBB- 0.6bp.
CD 91-day notice was to 1.490%, CP 91 days 1.630% of water remained flat as previous trading.
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