South Korea’s public sector reform puts the future of underperforming Housing and Urban Guarantee Corporation and Korea Airports Corporation in question, as both face persistent deficits and management scrutiny amid calls for restructuring and potential mergers.
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[Public Sector Reform] Fate of Underperforming HUG and Korea Airports Corp. in the Spotlight
South Korea’s public sector reform puts the future of underperforming Housing and Urban Guarantee Corporation and Korea Airports Corporation in question, as both face persistent deficits and management scrutiny amid calls for restructuring and potential mergers.
Korea Venture Investment Corp. Earns Top S Grade in Public Institution Management Evaluation—Gives Back to Local Community
Korea Venture Investment Corp. achieved the highest S grade in South Korea's public institution management evaluation and gave back to the local community by supporting traditional markets and small businesses in Seoul.
HUG CEO Yoo Byung-tae has offered his resignation after the state-run guarantee agency posted a third straight annual net loss and received two consecutive 'D' grades in government management evaluations, prompting a dismissal recommendation from authorities.
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HUG CEO Yoo Byung-tae Offers Resignation After Two Consecutive 'D' Ratings in Management Evaluation
HUG CEO Yoo Byung-tae has offered his resignation after the state-run guarantee agency posted a third straight annual net loss and received two consecutive 'D' grades in government management evaluations, prompting a dismissal recommendation from authorities.
KEPCO and its power generation subsidiaries achieved their highest government management evaluation ratings in five years, with five companies earning 'A' grades, reflecting improved financial performance and operational efficiency.
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KEPCO, Power Generation Subsidiaries Achieve Highest Ratings in Five Years—A Closer Look at the Results
KEPCO and its power generation subsidiaries achieved their highest government management evaluation ratings in five years, with five companies earning 'A' grades, reflecting improved financial performance and operational efficiency.
Woori Bank Management Evaluation Results Delayed to Second Half - Will FSS Leadership Change Be a Factor?
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.
FSS to Conclude Lotte Non-Life Insurance Management Evaluation as Early as Late May
FSS to conclude Lotte Non-Life Insurance management evaluation by late May, monitoring capital securities of insurers maturing in 2023 and addressing long-term insurance expected loss ratio concerns.
Woori Financial Group Downgraded to Grade 3 in Management Evaluation - Lee Bok-hyun - 'Inadequate Internal Control and Risk Management'
FSS downgrades Woori Financial Group to Grade 3 in management evaluation, citing inadequate internal control and risk management, potentially impacting its planned acquisitions and future growth strategy.
FSS Downgrades Woori Financial Group to Grade 3 - 'Inadequate Internal Control and Risk Management'
Financial Supervisory Service downgrades Woori Financial Group to Grade 3 in management evaluation, citing inadequate internal control and risk management, potentially impacting subsidiary acquisition plans
Lee Bok-hyun Maintains 'Tough Stance' on Woori Financial Group - Increased Pressure on Financial Services Commission
FSS Governor Lee Bok-hyun maintains tough stance on Woori Financial Group, downgrading its management evaluation to grade 3, increasing pressure on the Financial Services Commission for potential conditional approval of acquisitions.
Woori Financial Group Under 'Extreme Tension' Ahead of Insurance M&A - 'Early Conclusion Impossible'
Woori Financial Group faces intense scrutiny as it seeks conditional approval for insurance M&A, with management evaluation downgrade complicating subsidiary incorporation process
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