Category: Korea

May 01 2025

Hong Kong, Korea, Mainland, Stocks

Putting Hong Kong’s workers first on this Labour Day

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A minimum wage rise and the end of employer rights to claw back contributions from pensions for severance and long service are taking effect Unlike previously, when May 1 was...

Apr 30 2025

Hong Kong, Korea, Mainland, Stocks

iFast plunges 12% after cutting its Hong Kong profit guidance

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SINGAPORE] iFast shares plunged as much as 12 per cent on Monday (Apr 28) morning, after the investment platform operator revised its Hong Kong operations’ profit target and reported first-quarter...

Apr 28 2025

Hong Kong, Korea, Mainland, Stocks

UK fund manager Schroders to invest more in Hong Kong as trade war ups demand, CEO says

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British asset manager Schroders will continue to expand in Hong Kong to tap Asia-Pacific’s fast-growing wealth-management and pension businesses, as its top boss believes market uncertainty brought on …

Apr 28 2025

Hong Kong, Korea, Mainland, Stocks

Independent Hong Kong media outlet Channel C halts operations after arrest, owes HK$230k in pension contributions

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Independent media outlet Channel C has halted operations a week after police arrested a director at the outlet’s parent company for alleged government loan fraud.

Apr 26 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong pension fund assets drop $5.6 billion in April selloff

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Hong Kong’s benchmark stock index has dropped more than 5% this month while the S&P 500 has slid more than 2%, after U.S. President Donald Trump unveiled a range of...

Apr 24 2025

Hong Kong, Korea, Mainland, Stocks

Lawmakers call for rise in income thresholds for MPF

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Unionists called on Wednesday for adjustments to income levels for mandatory provident fund (MPF) contributions so people can enjoy better …

Apr 24 2025

Hong Kong, Korea, Mainland, Stocks

Permira shuts Hong Kong, Shanghai offices in pivot to India

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Permira Holdings is overhauling its Asia strategy, closing offices in Hong Kong and Shanghai and shuffling senior leadership to India, where it sees stronger momentum and a more robust pipeline...

Apr 22 2025

Hong Kong, Korea, Mainland, Stocks

Workers set to get more say in managing MPF funds

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The body which manages retirement savings for the city’s workers says that over HK$50 billion of contributions have been transferred under an …

Apr 18 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s retirement system has a lot of room for improvement, pension experts say

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Hong Kong may have one of the best retirement systems in Asia but there is a lot of room for improvement, especially in terms of improving adequacy and coverage, according...

Apr 18 2025

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF sees lowest quarterly inflows since 2021

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Hong Kong’s Mandatory Provident Fund saw the lowest inflows since 2021 as investor sentiment turned cautious amid “extreme uncertainties”, according to investment consulting firm MPF Ratings.