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2018 Samsung Fat-finger Error
The 2018 Samsung fat-finger error was a fat-finger error on April 8, 2018, in which an employee of Samsung Securities mistakenly distributed shares worth to employees. The company is the stock trading arm of the Samsung conglomerate and is engaged in financial services including securities and investment banking sectors primarily in Korea, China, the United States, the United Kingdom, Japan, and Hong Kong. Error The error happened when Samsung Securities tried to pay a dividend to about 2,000 employees who participated in the company stock ownership plan. The intent was to give each of those employees 1,000 South Korean won, worth about , but instead issued 2.8 billion shares. These shares were worth about 112.6 trillion won, or 30 times the market capitalization of the company. The company noticed the error 37 minutes later. However, while the shares were issued and before the company noticed, 16 employees sold the shares which the company gave them. Some of these employees, acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fat-finger Error
A fat-finger error is a keyboard input error or mouse misclick in the financial markets such as the stock market or foreign exchange market whereby an order to buy or sell is placed of far greater size than intended, for the wrong stock or contract, at the wrong price, or with any number of other input errors. Automated systems within trading houses may catch fat-finger errors before they reach the market or such orders may be cancelled before they can be fulfilled. The larger the order, the more likely it is to be cancelled, as it may be an order larger than the amount of stock available in the market. Fat-finger errors are a product of the electronic processing of orders which requires details to be input using keyboards. Before trading was computerised, erroneous orders were known as "out-trades" which could be cancelled before proceeding. Erroneous orders placed using computers may be harder or impossible to cancel. Deadlines for review & cancellation In order to have legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Naked Short Selling
Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the asset from someone else or ensuring that it can be borrowed. When the seller does not obtain the asset and deliver it to the buyer within the required time frame, the result is known as a "failure to deliver" (FTD). The transaction generally remains open until the asset is acquired and delivered by the seller, or the seller's broker settles the trade on their behalf. Short selling is used to take advantage of perceived arbitrage opportunities or to anticipate a price fall, but exposes the seller to the risk of a price rise. The oldest documented example of a naked short in securities trading appears to be a 1609 maneuver against the Dutch East India Company by the Dutch trader Isaac Le Maire. Critics have advocated for stricter regulations against naked short selling. In 2005 in the United States, "Regulation SHO" was enacted, requiring that brok ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nation to a developed, high-income country in a few generations. This economic growth has been described as the Miracle on the Han River, which has allowed it to join OECD and the G-20. South Korea still remains one of the fastest growing developed countries in the world, following the Great Recession. It is included in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century. South Korea's education system and the establishment of a motivated and educated populace is largely responsible for spurring the country's high technology boom and economic development. South Korea began to adapt an export-oriented economic strategy to fuel its economy. In 2019, South Korea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2018 In Economic History
Eighteen or 18 may refer to: * 18 (number), the natural number following 17 and preceding 19 * one of the years 18 BC, AD 18, 1918, 2018 Film, television and entertainment * ''18'' (film), a 1993 Taiwanese experimental film based on the short story ''God's Dice'' * ''Eighteen'' (film), a 2005 Canadian dramatic feature film * 18 (British Board of Film Classification), a film rating in the United Kingdom, also used in Ireland by the Irish Film Classification Office * 18 (''Dragon Ball''), a character in the ''Dragon Ball'' franchise * "Eighteen", a 2006 episode of the animated television series ''12 oz. Mouse'' Music Albums * ''18'' (Moby album), 2002 * ''18'' (Nana Kitade album), 2005 * '' 18...'', 2009 debut album by G.E.M. Songs * "18" (5 Seconds of Summer song), from their 2014 eponymous debut album * "18" (One Direction song), from their 2014 studio album ''Four'' * "18", by Anarbor from their 2013 studio album ''Burnout'' * " I'm Eighteen", by Alice Cooper commonly r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2018 In South Korea
Events in the year 2018 in South Korea. Incumbents * President: Moon Jae-in * Prime Minister: Lee Nak-yeon Events * 9 January – South Korea and North Korea held the first talks in decades at the Joint Security Area at the Panmunjom border village. North Korea agreed upon sending athletes to the 2018 Winter Olympics. * 11 January – The South Korean government, along with China and Japan, announced plans to crack down on cryptocurrencies like Bitcoin. Bitcoin dropped in value by $2,000 after the announcement. *9 to 25 February – the 2018 Winter Olympics were hosted in Pyongchang, South Korea * April 5 – ROKAF F-15K Slam Eagle crashed in the Yuhak mountain range in Chilgok, Gyeongsangbuk-do, on its way back to the Daegu Air Base after an hour-long mission. Two F-15K pilots were killed in plane crash. * April 13 – An opinion rigging scandal erupted. The scandal led to a major clash of political parties in South Korea. * May 4 – A protest rally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
User Errors , a user of a commercial product or service
{{disambiguation ...
Ancient Egyptian roles * User (ancient Egyptian official), an ancient Egyptian nomarch (governor) of the Eighth Dynasty * Useramen, an ancient Egyptian vizier also called "User" Other uses * User (computing), a person (or software) using an information system * User (telecommunications), an entity using a telecommunications system * User, a slang term for a freeloader See also * Drug user (other), a person who uses drugs * End user In product development, an end user (sometimes end-user) is a person who ultimately uses or is intended to ultimately use a product. The end user stands in contrast to users who support or maintain the product, such as sysops, system administrat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samsung
The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean multinational manufacturing conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ''Samsung'' brand, and is the largest South Korean (business conglomerate). Samsung has the eighth highest global brand value. Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into five business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group, and JoongAng Group. Notable Samsung industrial affiliates include Samsung Electronics (the wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Pension Service
The National Pension Service of Korea (NPS; ) is a public pension fund in South Korea. It is the third largest in the world with $800 billion in assets, and is the largest investor in South Korea. South Korea's National Pension Service (NPS), which oversees $800 billion in assets, is looking to buy a portfolio of blue-chip stocks from emerging markets. On January 30, 2017, NPS opened up an office in New York City's One Vanderbilt. Timeline * December, 1986 – Promulgated the Nation Pension Act * September, 1987 – Established the National Pension Corporation * January, 1988 – Implemented the national pension system (Limited to workplaces with 10 or more full-time employees) * January, 1992 – Compulsory coverage included workplaces with five or more full-time employees * January, 1993 – Commenced Special Old-age Pension benefit payment * April, 1995 – Established the National Pension Research Institute * July, 1995 – Compulsory coverage was extended to farmers and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yonhap News Agency
Yonhap News Agency is a major South Korean news agency. It is based in Seoul, South Korea. Yonhap provides news articles, pictures and other information to newspapers, TV networks and other media in South Korea. History Yonhap (, , translit. ''Yeonhap''; meaning "united" in Korean) was established on 19 December 1980, through the merger of Hapdong News Agency and Orient Press. The Hapdong News Agency itself emerged in late 1945 out of the short-lived Kukje News, which had operated for two months out of the office of the Domei, the former Japanese news agency that had functioned in Korea during the Japanese colonial era. In 1999 Yonhap took over the Naewoe News Agency. Naewoe was a South Korea government-affiliated organization, created in the mid 1970s, and tasked with publishing information and analysis on North Korea from a South Korean perspective through books and journals. Naewoe was known to have close links with South Korea's intelligence agency, and according to the B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IEEE Spectrum
''IEEE Spectrum'' is a magazine edited by the Institute of Electrical and Electronics Engineers. The first issue of ''IEEE Spectrum'' was published in January 1964 as a successor to ''Electrical Engineering''. The magazine contains peer-reviewed articles about technology and science trends affecting business and society. In 2010, ''IEEE Spectrum'' was the recipient of ''Utne Reader'' magazine's Utne Independent Press Award for Science/Technology Coverage. In 2012, ''IEEE Spectrum'' was selected as the winner of the National Magazine Awards' "General Excellence Among Thought Leader Magazines" category. References External links * {{Official website, https://spectrum.ieee.org/ Monthly magazines published in the United States Science and technology magazines published in the United States Engineering magazines Spectrum A spectrum (plural ''spectra'' or ''spectrums'') is a condition that is not limited to a specific set of values but can vary, without gaps, across a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samsung Securities
Samsung Securities ( Korean: 삼성증권) is a South Korean financial services company headquartered in Seoul, South Korea, and a subsidiary of Samsung Group. It is one of the largest securities companies in Korea. History On October 19, 1982, Hanil Investment & Finance was established. In 1988, the company was publicly listed on the Korea Exchange. In 1991, the company changed its name to Kookje Securities. In 1992, the company was incorporated into the Samsung Group and was rebranded to Samsung Securities. In 1996, the company attempted to set up a joint venture with J.P. Morgan & Co. to sell mutual funds in Korea but by 1997, the venture failed. In 1998, the company was the first to sell mutual funds in Korea. In 2000, the company merged with Samsung Investment Trust. In 2014, the company's ownership of Samsung Asset Management was transferred to Samsung Life Insurance. In 2018, the company set up a team specializing in analysing investments related to North ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Supervisory Service (South Korea)
The Financial Supervisory Service (FSS) is South Korea's integrated financial regulator that examines and supervises financial institutions under the broad oversight of the Financial Services Commission (FSC), the government regulatory authority staffed by civil servants. History Financial Supervisory system in S. Korea prior to FSS Before the Financial Supervisory Service (FSS) was established, Korea's financial supervisory system was largely fragmented, with the banking, securities, insurance, and non-bank sectors individually managed and regulated by a separate agency. Furthermore, the authority of supervision was split between two governing entities, i.e. the supervisory agencies and the Ministry of Finance and Economy (formerly known as the Ministry of Finance; currently the Ministry of Strategy and Finance). Under this segregated supervisory system, the banking sector was overseen by the Bank of Korea and the ministry, the securities sector by the Securities Supervisory Bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
