[THE INVESTOR] Britain’s decision to quit the European Union could have a lasting impact on global markets in the long term, Korea’s top financial regulator said on July 1. Yim Jong-yong, chairman of Financial Services Commission said the Korean market is moving toward stability after Brexit turbulence but “uncertainties still remain high as Britain’s exit from the EU is the first of its kind.”FSC chairman Yim Jong-yongAlmost US$4 trillion has been wiped out from global equity values since June

July 1, 2016

[THE INVESTOR] Asiana Airlines expanded its services to Japan by launching a flight to Sapporo, capital of Hokkaido prefecture, the flag-carrier announced on July 1. The flights are scheduled to operate daily, with the Incheon-Sapporo flight taking-off at 2:20 p.m. and Sapporo-Incheon flight leaving at 6:10 p.m. An aircraft that can seat 250 passengers has been selected for the route. Asiana launched its flights to Japan on the Incheon-Tokyo route 26 years ago. With the new route it now operates

IndustryJuly 1, 2016

 [THE INVESTOR] Samsung Group’s electronic components businesses, including Samsung Electro-Mechanics, and Samsung SDI, are forecast to show disappointing earnings results for the April-June period, according to market analysts.Samsung Electro-Mechanics will post 21.7 billion won ($18.9 million) in operating income, down 49.4 percent from the previous quarter, with its revenue coming in at 1.6 trillion won, up 2.6 percent from the first quarter, according to a recent investment report released b

TechnologyJuly 1, 2016

[THE INVESTOR] South Korea’s legal consultation market is now fully open to European law firms, with the third stage of related clauses of the Korea-EU Free Trade Agreement taking effect on July 1. As such, European law firms are now able to set up joint ventures with Korean law firms. A JV law firm can hire Korean lawyers and provide consultations on Korean law. Lawyers offices in southern Seoul. The Investor (Park Hyun-koo)In anticipation of the changes, the National Assembly passed the revise

IndustryJuly 1, 2016

South Korea's current account surplus greatly widened from a month earlier in May as its surplus in the primary income account rose, while the deficit in the service narrowed, the central bank said Friday.The country's current account surplus came to $10.36 billion last month, compared with a $3.37 billion surplus in the previous month, according to preliminary data from the Bank of Korea.From a year earlier, the May figure marks a $2.04 billion increase, and is the highest since a $10.85 billio

July 1, 2016

[THE INVESTOR] The main opposition The Minjoo Party of Korea is seeking ways to reinforce the role of outside directors on corporate boards. Rep. Byun Jae-il, chief of the party’s policy committee, said on June 30 that he will propose revisions to the Commercial Act to toughen rules regarding outside directors. Saying that the outside directors are failing to serve their purpose, Byun said that tougher rules will be stipulated in the proposal. “There has been criticism that the system introduced

IndustryJuly 1, 2016