Browsing: financial

The phrase has long encapsulated South Korean President Lee Jae Myung’s political brand. From the launch of his presidential campaign in 2021, he used the slogan, “A new Republic of Korea! Lee Jae Myung gets things done!” After winning the Democratic Party’s presidential nomination, he emphasized: “Lee Jae Myung has done it. Lee Jae Myung…

Earlier this year, media reports highlighted signs of stress in the private credit market, including concerns over lending standards, after multiple high‑profile borrowers defaulted and investor redemption activity intensified, prompting several prominent asset managers to impose investor redemption limits (often referred to as “gates”). Stress in the private credit market may directly impact investors in…

GASB Statement No. 103 (GASB 103), Financial Reporting Model Improvements, refines the financial reporting model established by GASB 34, Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments, tightening expectations around clarity, consistency, and analysis across the financial report.

High-quality financial and sustainability reporting are powerful drivers of competitiveness, investor confidence, and, as a result, long-term economic growth. They also translate into more jobs and lower poverty: when lenders and investors can rely on strong, transparent financial statements, they can assess risk more accurately and expand access to capital. That supports investment—and, in turn,…