The relationship between South Korea and Russia is reaching a desperate situation while the two countries celebrate the 34th anniversary of diplomatic relations this year.Earlier this year, an unusual incident occurred when a South Korean missionary, who was engaged in aid and missionary activities
The police have referred individuals connected to Fidelis Asset Management, including its CEO, who are under suspicion for the improper sale of the “Fidelis Fund,” to the prosecution.The Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency announced that three individuals, incl
South Korea’s first food service company Ourhome has responded to the accusation of professional malpractice made by former Vice Chairman Koo Bon-sung against his younger sisters -- current Vice Chairman Koo Ji-eun and the company’s internal director Koo Myung-jin -- the previous day. OurHome stated
As Kakao Corporation and its executives face trial over allegations of stock manipulation involving SM Entertainment, controversy arises within Kakao Pay, a subsidiary that has been pursuing the acquisition of management rights of Siebert Financial, a U.S.-based securities firm, since the beginning
In the market on Dec. 6, there is a stark difference in perspectives regarding the public acquisition of Hankook & Company by MBK Partners, the largest private equity fund in South Korea. Some view it as “an intervention for the normalization of corporate value,” while others perceive it as “a hosti
The Financial Supervisory Service (FSS) has forwarded its indictment recommendation to the prosecution, targeting Kakao and Kakao Entertainment Corporation in connection with their alleged involvement in the stock manipulation case of SM Entertainment.Following his summons for questioning, Kim Beom-
Former Kakao Chairman Kim Beom-soo appeared before the Financial Supervisory Service (FSS) in connection with allegations of market manipulation involving SM Entertainment stock prices.The FSS’ Capital Market Special Judicial Police have notified former Chairman Kim to attend the FSS as a suspect by
As Bae Jae-hyun, the head of Kakao’s investment division, who is suspected of manipulating SM Entertainment’s market price, has been arrested, the Financial Supervisory Service’s special law enforcement police plan to transfer Bae to the prosecution for further investigation.On Oct. 19, the FSS stat
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Huawei's new smartphone is receiving strong market attention as the firm has succeeded in developing an advanced in-house chip despite US sanctions. Also, there is a possibility of a slowdown in iP
A former senior executive of Samsung Electronics, referred to as Mr. A, has been arrested and will stand trial for his attempt to copy Samsung Electronics' semiconductor plant in its entirety in China.The Defense Industry and Industrial Technology Crime Investigation Division of the Suwon Distri
The Federation of Korean Trade Unions (FKTU) announced on June 8 that it will launch an all-out struggle against the Yoon Suk-yeol administration following its decision to boycott a meeting of the Committee on Economic, Social and Labor Affairs under the Presidential Office. Following the Korean Con
HD Hyundai Heavy Industries will be revealing the models of a next-generation Korean destroyer and other combat ships they are currently developing.On June 4, HD Hyundai Heavy Industries announced that it will participate in the International Maritime Defense Industry Exhibition (MADEX 2023), which
As the global competition for semiconductor supremacy intensifies, Samsung Electronics has once again experienced an incident of core technology leakage.According to industry sources on May 17th, the Samsung Electronics' Device Solutions (DS) Division recently dismissed Engineer A on the grounds
The Seoul Southern District Prosecutors' Office is investigating cryptocurrency exchange Bithumb.According to industry sources, the investigation has to do with market manipulation allegations and the investigation targets include domestic cryptocurrencies such as GOM2 and PXL.On Jan. 25, the pr
The prosecution has indicted five people for leaking the world's first supercritical semiconductor cleaning equipment core technology developed by SEMES, a key subsidiary of Samsung Electronics, to China.The Suwon District Prosecutor’s Office announced on Jan. 16 that it has indicted five people
Corruption Eradication Commission (KPK) of Indonesia announced on Dec. 6 that a former broker of Hyundai Engineering & Construction will be arrested for his alleged involvement in a bribery scandal in Indonesia. Since Hyundai E&C is denying the allegations, a legal battle seems inevitable between th
The Financial Supervisory Service (FSS) announced on Aug. 14 that suspicious international remittances that total US$3.39 billion were detected as a result of its recent inspections at Woori and Shinhan Banks.The FSS said a total of 23 companies have been found to be involved in the remittances from
Hyundai Steel has launched an internal investigation into allegations that some of its employees embezzled company funds.An in-house audit team has been investigating for months the employees suspected of being involved in the embezzlement case. The investigation was known through a post on an anony
China’s BOE benefited from a seven-year legal battle between Samsung Display and LG Display over organic light emitting diode (OLED) panel technology, some analysts say. Many Korean display engineers moved to China’s BOE in the process.On June 23, Nikkei Asia reported that more than 100 Korean engin
Hyundai Mobis has become the world's first company to develop an integrated controller that analyzes the driver’s vital signs, such as posture, heart rate, and brainwaves, the company announced on June 23. Dubbed the Smart Cabin Controller, the cockpit system consists of four sensors for measuri