Financial Supervisory Service (South Korea)

GLAAM Approves Business Combination with Jaguar Global Growth Corporation I at General Meeting of GLAAM Shareholders

Retrieved on: 
Monday, July 24, 2023
Specialization, Financial Supervisory Service (South Korea), NewCo, Combination, Proxy, Security (finance)

SEOUL, South Korea and MIAMI, July 24, 2023 (GLOBE NEWSWIRE) -- GLAAM Co., Ltd. (“GLAAM” or the “Company”), a leading designer and developer of architectural display glass, announced on July 21, 2023 that it held an extraordinary general meeting of shareholders and approved the previously announced business combination (the “business combination”) with Jaguar Global Growth I (Nasdaq: JGGC, JGGCR and JGGCW) (“JGGC”).

Key Points: 
  • SEOUL, South Korea and MIAMI, July 24, 2023 (GLOBE NEWSWIRE) -- GLAAM Co., Ltd. (“GLAAM” or the “Company”), a leading designer and developer of architectural display glass, announced on July 21, 2023 that it held an extraordinary general meeting of shareholders and approved the previously announced business combination (the “business combination”) with Jaguar Global Growth I (Nasdaq: JGGC, JGGCR and JGGCW) (“JGGC”).
  • GLAAM is expected to become a US publicly traded company in the third quarter of 2023.
  • As a result of the business combination, GLAAM and JGGC shareholders will exchange their shares for shares in a new combined company (“NewCo”).
  • GLAAM’s founder, Dr. Ho Joon Lee, indicated, “67% of all GLAAM shareholders and 100% of all GLAAM shareholders present at the shareholder meeting (including those who issued a proxy) voted in favor of the business combination.

ACAMS Launches Korea Chapter, Announces CAMS Korean Scholarship Winners

Retrieved on: 
Thursday, June 29, 2023
1979 U.S. embassy burning in Islamabad, AFC, U.S. Department of Defense Strategy for Operating in Cyberspace, Education, Standard Chartered, FSS, HSI, CAMS, Crime, Standard, Financial Supervisory Service (South Korea), Parliament, Certification, AML, ACAMS, Association of Certified Anti-Money Laundering Specialists, Policy, United, Cryptocurrency, Drug, Korean

WASHINGTON, June 28, 2023 /PRNewswire/ -- ACAMS, a leading global membership organization dedicated to ending illicit finance, is strengthening its support for anti-financial crime professionals in Korea with the creation of a new ACAMS chapter and a scholarship program for Korean anti-financial crime (AFC) professionals. The new chapter—the 64th in the ACAMS network—will serve as a platform for ongoing education, knowledge-sharing, and networking for AFC practitioners engaged in financial-crime prevention in Korea's public and private sectors.

Key Points: 
  • At the event, ACAMS separately announced 6 winners of the CAMS Scholarship for Korean compliance practitioners in the AFC space.
  • In addition to receiving a one-year membership to ACAMS, the scholarship winners will seek to become Certified Anti-Money Laundering Specialists (CAMS) with a full waiver of associated fees for study materials.
  • "We're also proud to award our CAMS Scholarship to 6 remarkable Korean professionals to support their compliance journeys," she said.
  • Find out more about the ACAMS Korea Chapter, including how to join, here: https://www.acams.org/en/chapters/apac/korea-chapter
    Learn more about the CAMS Scholarship program and the new winners here: https://www.acams.org/en/resources/diversity-equity-inclusion/scholarships

APR Shows Record High Q1 Performance with KRW 122.2 Billion in Sales and KRW 23.2 Billion in Operating Profit

Retrieved on: 
Wednesday, May 17, 2023
Cosmetics, Retail, KRW, IPO, Research, History, Financial Supervisory Service (South Korea), DART, ADC, Growth, APR

APR Corp. (APR) (CEO: Byunghoon “Victor” Kim), a global beauty tech company, announced that it posted a fresh record high operating profit and profit rate of KRW 122.2 billion in sales and KRW 23.2 billion in operating profit in Q1 of 2023.

Key Points: 
  • APR Corp. (APR) (CEO: Byunghoon “Victor” Kim), a global beauty tech company, announced that it posted a fresh record high operating profit and profit rate of KRW 122.2 billion in sales and KRW 23.2 billion in operating profit in Q1 of 2023.
  • On the 15th, APR disclosed its sales and operating profit for Q1 2023 through the DART system of the Financial Supervisory Service of South Korea.
  • Operating profit of KRW 23.2 billion in Q1 2023 was 11.8% higher than KRW 20.7 billion in Q4 2022 when it reported quarterly operating profit in the KRW 20 billion range for the first time.
  • In particular, it is very encouraging that APR recorded quarterly sales of approximately KRW 120 billion as of Q4 2022, and therefore an operating profit larger by more than KRW 2 billion.

TokenInsight Introduces a New Rating Framework TCR V2 to Improve the Accuracy of Crypto Asset Ratings

Retrieved on: 
Friday, December 16, 2022
Crypto, GitHub, Blockchain, Team, Financial Supervisory Service (South Korea), Nakamoto, Learning, Ecosystem, Economics, FSS, Growth, Research, Cryptocurrency, Risk management

Beijing, China--(Newsfile Corp. - December 16, 2022) - To enhance functions and accuracy of its crypto-asset rating, TokenInsight, an authoritative crypto-asset rating agency, introduces a new asset rating framework TCR V2.

Key Points: 
  • Beijing, China--(Newsfile Corp. - December 16, 2022) - To enhance functions and accuracy of its crypto-asset rating, TokenInsight, an authoritative crypto-asset rating agency, introduces a new asset rating framework TCR V2.
  • TokenInsight's proprietary Crypto Rating V2 (TCR V2) is a standardized methodology developed by the firm to evaluate the qualifications and risks of tokenized projects in the blockchain industry.
  • Today, TokenInsight is a well-established rating agency that provides comprehensive and reliable ratings for a wide range of blockchain projects.
  • Objective and reliable data: TokenInsight uses a combination of dynamic and time-series data to provide objective and reliable ratings, ensuring the accuracy and usefulness of the ratings.

Belstar Launches Belstar Credit Opportunities Fund, a New Flagship Global Credit Strategy

Retrieved on: 
Monday, December 12, 2022
Banking, Professional Services, Finance, Financial Supervisory Service (South Korea), Western Asset Management Company, Financial adviser, Credit, Partner (business rank), Investment, History, Apollo, Financial services

Belstar Management Company, LLC (Belstar), a leading global credit investment firm, announced today the launch of a flagship credit fund, Belstar Credit Opportunities Fund, to invest across liquid and private credit opportunities, including both corporate and structured credit assets, globally.

Key Points: 
  • Belstar Management Company, LLC (Belstar), a leading global credit investment firm, announced today the launch of a flagship credit fund, Belstar Credit Opportunities Fund, to invest across liquid and private credit opportunities, including both corporate and structured credit assets, globally.
  • Through Belstars global sourcing capabilities, Belstar Credit Opportunities Fund will seek to provide investors with exposure to attractive risk-adjusted returns leveraging Belstars fundamentals-driven investment process and opportunistic credit expertise in both public and private markets.
  • Belstar's Managing Partner, Daniel Yun, commented, We are delighted at the prospect of extending our relationship with Apollo, a leading global credit manager.
  • This strategy is a natural extension of Belstars global credit capabilities and reflects the growing demand from Asian investors for high-quality credit investments.

Apollo and Belstar to Form Private Credit Joint Venture in Korea

Retrieved on: 
Thursday, August 4, 2022
NYSE, GLOBE, Face, Financial Supervisory Service (South Korea), Growth, SEC, Investment, APO, History, Acquisition, Program, Retirement, Financial adviser, Head, Insurance, Solution, Bank, Financial services, Asia-Pacific

The joint venture intends to provide large corporations, mid-sized enterprises and sponsors in Korea with asset-backed capital solutions, corporate lending and acquisition financing.

Key Points: 
  • The joint venture intends to provide large corporations, mid-sized enterprises and sponsors in Korea with asset-backed capital solutions, corporate lending and acquisition financing.
  • The joint venture is a strategic extension of Apollos credit investment franchise in the Asia Pacific region and will support Apollos recently established Asia Pacific Credit Strategy.
  • We are pleased to partner with Apollo and deliver their leading credit expertise to further develop the capital markets in Korea.
  • Since 1998, Belstar and EMP Belstar have specialized in credit and private equity investments.

South Korean Seminar to Outline Nation’s Growing Role and Risks in Financial-Crime Fight

Retrieved on: 
Tuesday, June 7, 2022
People, National Police, Leadership, Financial Supervisory Service (South Korea), Association of Certified Anti-Money Laundering Specialists, ESG, Law enforcement, Awareness, National Assembly, ACAMS, People Power Party, AML, CGSS, People Power Party (South Korea), GLOBE, National Tax Service (South Korea), Lists of crime films, Financial services, Maharashtra Legislative Assembly, Certification, CAMS, Korea Customs Service, AFC, Korea Association of Standards and Testing Organizations, National, Crime, Cryptocurrency

The seminar in June underscores South Koreas growing role in the fight against financial crime as the nation continues to pioneer global efforts to regulate and supervise the crypto-asset industry.

Key Points: 
  • The seminar in June underscores South Koreas growing role in the fight against financial crime as the nation continues to pioneer global efforts to regulate and supervise the crypto-asset industry.
  • When lawmakers, regulators, law enforcement officials, and business leaders work in tandem, criminals learn the hard way that financial crime doesnt always pay.
  • Were also very proud of all of the hard work Geun-Seob Song has undertaken to support and educate compliance practitioners throughout Korea.
  • The associations CAMS certification is the gold-standard qualification for AFC professionals, while the CGSS certification is its premier specialist qualification for sanctions professionals.

Hankook Tire Establishes Corporate Governance Charter to Strengthen ESG Management

Retrieved on: 
Tuesday, May 10, 2022
Transfer, Investment, Hankook Tire, GE, Financial Supervisory Service (South Korea), General Electric, Disclosure, Forbes, Macquarie Group, Publishing, SUV, Data analysis, FSS, Calibuso v. Bank of America Corp., Environment, Dow Jones, Leadership, Informal value transfer system, DJSI, Shenzhen Kaifa Technology Co., Ltd., DART, Marketing, Forbes Global 2000, CEO, Technology, Growth, ESG, Professional, Multimedia, Audit, Management, Tire manufacturing

Promoting the protection of rights and interests of shareholders, customers, and members

Key Points: 
  • Promoting the protection of rights and interests of shareholders, customers, and members
    NASHVILLE, Tenn., May 10, 2022 /PRNewswire/ -- Global leading tire company Hankook Tire announced the establishment of a corporate governance charter to enhance transparent environmental, social and governance (ESG) management and lay the groundwork for the company's sustainable business.
  • The ESG committee was launched in July 2021 within the board of directors to strengthen the company's ESG management strategies and activities.
  • "Following the enactment of the charter, Hankook Tire plans to establish sound governance with objectivity and transparency, and strengthen its ESG leadership."
  • Hankook Tire America Corp. is a subsidiary of Hankook Tire & Technology Co., Ltd., a Forbes Global 2000 company headquartered in Seoul, Korea.

Tricor Group Appoints Kyungho Lee as CEO of South Korea Operations

Retrieved on: 
Wednesday, December 1, 2021
Professional Services, Small Business, Legal, Human Resources, Finance, Consulting, Certified Public Accountant, CEO, Business administration, KASB, Multinational corporation, PricewaterhouseCoopers, Yonsei University, IPO, Solution, City, Financial Supervisory Service (South Korea), Fortune, FSS, IFRS, Growth, Management, Online shopping

Tricor Group (Tricor), Asia's leading business expansion specialist, providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services, fund administration, and governance advisory, today announced the appointment of PwC Korea veteran, Mr. Kyungho Lee as CEO of Tricor South Korea.

Key Points: 
  • Tricor Group (Tricor), Asia's leading business expansion specialist, providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services, fund administration, and governance advisory, today announced the appointment of PwC Korea veteran, Mr. Kyungho Lee as CEO of Tricor South Korea.
  • Responsible for the commercial development and operations of the firms South Korea business, Mr. Lee will focus on expanding Tricor South Koreas footprint through strategic M&A, innovative partnerships and organic growth.
  • Lennard Yong, Group CEO of Tricor Group , said: South Korea continues to grow as a core market for Tricor Group, offering both domestic and international clients unique opportunities for business expansion and investment.
  • Kyungho Lee, CEO of Tricor South Korea , said: In South Koreas thriving professional services market, the Tricor name has become synonymous with growth, innovation and success.

Change in Equinor’s policy for adjusted earnings in the Renewables segment

Retrieved on: 
Tuesday, October 12, 2021
Mission statement, ASA, Equinor, NYSE, Renewable energy, Financial Supervisory Service (South Korea), Investor relations, Policy, Federal Financial Supervisory Authority

Equinor ASA (OSE: EQNR, NYSE: EQNR) will, from third quarter change its policy for how gains and/or losses from sales of assets are recognised in Adjusted earnings for the Renewables segment.

Key Points: 
  • Equinor ASA (OSE: EQNR, NYSE: EQNR) will, from third quarter change its policy for how gains and/or losses from sales of assets are recognised in Adjusted earnings for the Renewables segment.
  • Equinor has decided to change its policy for how gains and/or losses from sales of assets are recognised in Adjusted earnings for the Renewables segment.
  • Gains and/or losses from sales of assets, will be excluded from the adjusted earnings performance measure for all segments.
  • Prior periods impacted by this change will be presented in the third quarter 2021 interim financial statements in accordance with the updated policy.