It is well known that former financial bureaucrats dominate top positions at Korea’s public financial institutions and banks controlled by public agencies. Recent history shows that only a fraction ― ...
When Lim Young-rok, president of KB Financial Group, was named chairman of the country’s fourth-largest financial holding company earlier this month, there was stiff opposition from the company’s ...
The nominations of two incumbent and retired vice finance ministers to lead the Financial Services Commission (FSC) and the Ministry of Environment is prompting speculation that the so-called “MOFIA” ...
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