Category: Korea

May 24 2024

Hong Kong, Korea, Mainland, Stocks

Major Hong Kong restaurant chain sued over failure to pay HK$3.1 million in staff pension contributions on time

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Unpaid February and March pension contributions amounting to HK$3.1 million from Kam Kee Holdings affect almost 1,000 staff, MPF Schemes Authority says …

May 20 2024

Hong Kong, Korea, Mainland, Stocks

CPF (SG) Vs 401(k) (US) Vs MPF (HK) Vs EPF (MY): What’s The Difference Between Singapore’s CPF & Other Retirement Systems Globally

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Retirement systems aim to assist citizens in saving and investing for higher returns in order to meet their retirement needs during their golden years.

May 18 2024

Hong Kong, Korea, Mainland, Stocks

Senior Hong Kong police officer jailed for 6½ years over HK$26 million mortgage fraud

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Judge opts to reduce Superintendent Harbour Chan’s starting sentence by six months to reflect his ‘contribution to society’.

May 13 2024

Hong Kong, Korea, Mainland, Stocks

Singapore robo adviser Syfe teams up with Manulife to develop advisory tool for Hong Kong’s MPF

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Singapore robo adviser Syfe and Canadian insurer Manulife Financial Corp have, in a “groundbreaking collaboration”, launched a digital advisory tool for members of Hong Kong’s Mandatory Provident Fund …

May 11 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong tutoring chain vows to offer refunds after sudden closure leaves parents in lurch

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Little Frog Learning Centre cites ‘internal issues’ as reason for class suspensions and apologises to parents Spokesman for Mandatory Provident Fund Schemes Authority says chain failed to make …

May 11 2024

Hong Kong, Korea, Mainland, Stocks

Senior departures at HSBC Asset Management prompt new appointments

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HSBC Asset Management made several senior appointments as two leaders departed, and an interim Hong Kong CEO was named, the firm said in a statement on May 10. Brenda Wong,...

May 07 2024

Hong Kong, Korea, Mainland, Stocks

Latest trend seen by BlackRock will drive record bitcoin price, analyst says

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BlackRock’s head of digital assets revealed that sovereign wealth funds, pension funds and more are now considering bitcoin ETF investment.

May 03 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s pension regulator highlights cybersecurity and system stability to allay fears over eMPF platform’s launch next month

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Hong Kong will implement sound cybersecurity measures reinforced by strong backup systems to ensure a smooth launch of the MPF electronic platform next month, according to the MPFA’s Ayesha Lau.

Apr 30 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF to launch electronic platform in June, in biggest overhaul since starting in 2000

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The new system will allow the 12 MPF providers, 357,000 employers and 4.75 million members to manage the assets through a single platform YF Life Trustees, the smallest of the...

Apr 30 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s treasurer tells visiting UK minister that BN(O) passport not recognised for early pension withdrawal

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Hong Kong’s treasury chief, in a meeting with a visiting UK minister, has reaffirmed that emigrants who want to withdraw their pensions from the city’s official fund cannot use their...