HYBE Chair Bang referred to prosecutors over alleged unfair trading
South Korea’s financial watchdog has referred Bang Si-hyuk, founder and chairman of K-pop powerhouse HYBE Co., to prosecutors over alleged fra...
HYBE Bang under financial watchdog’s scrutiny for alleged unfair trading
Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensation BTS, could face investigation by ...
Dongkuk to file anti-dumping petition vs Chinese color steel imports
Dongkuk Coated Metal Co. and SeAh Steel Corp. are set to file an anti-dumping complaint against Chinese rivals in March as the country plans to impo...
Korea to probe Chinese, Japanese steel imports over anti-dumping claims
South Korea is set to launch an anti-dumping investigation into hot-rolled steel imports from China and Japan, according to government and industry ...
South Korea’s steel imports from China at 7-year high
South Korea’s imports of steel products from China climbed to their highest level in seven years despite a decrease in its total steel imports...
FTC fines Kakao Mobility $55 mn for alleged unfair taxi-hailing service
South Korea’s antitrust body has fined Kakao Mobility Corp., the country’s largest taxi-hailing app operator, 72.4 billion won ($54.9 mi...
Korea to punish copper scrap traders for illegal exports
BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...
S.Korea fines AliExpress $1.4 mn for alleged privacy breach
South Korea’s privacy authority is punishing AliExpress with measures including a $1.4 million fine for allegedly not providing measures to pr...
Coupang fined $102 mn for alleged search algorithm manipulation
Coupang Inc., South Korea’s largest e-commerce platform, was fined 140 billion won ($102 million) on Thursday for allegedly manipulating searc...
K-pop: Pros and cons of HYBE's multi-label system
Disputes between HYBE Co. and its label behind popular girl group NewJeans has made headlines as an almost unheard-of conflict in the K-pop industry...
HYBE to fire NewJeans agency CEO; Min refutes accusation
HYBE Co. is seeking to sack Min Hee-jin, the chief of ADOR, its label behind globally popular girl group NewJeans, as it investigates allegations th...
Hanwha seeks further legal action vs HD Hyundai amid Navy project rivalry
Hanwha Ocean Co., the world’s second-largest shipbuilder, is seeking new legal action against HD Hyundai Heavy Industries Co. over the bigger ...
POSCO taps ex-President Chang In-hwa as its next group chairman
POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has nominated former President Chang In-hwa as its next group chair...
S.Korea to probe Chinese batteries' alleged patent violations
South Korea will investigate alleged patent infringement by Chinese makers of smartphone batteries and high-nickel cathodes upon requests by LG Chem...
S.Korea steps up probe on alleged submarine tech leaks to Taiwan
South Korea stepped up an investigation into alleged technology leaks of a submarine developed by Daewoo Shipbuilding & Marine Engineering Co. t...
Samsung tech leak suspects allegedly bribed by Chinese firm
A former senior manager at Samsung Electronics Co. and an ex-subcontractor employee are among those accused of receiving several tens of million dol...
Korea's GS Caltex faces FTC probe into intra-group trading
The Korea Fair Trade Commission (FTC) has begun an investigation process for alleged intra-group transactions between GS Caltex Corp., the country&r...
Ponzi scheme suspected behind SocGen-triggered Korean stock havoc
The South Korean financial authorities will investigate whether unfair trading practices are behind leverage trading after massive margin call reque...
S.Korea fines Google $32 mn for squashing local rival
South Korea’s antitrust body on Tuesday fined Alphabet Inc.’s Google LLC and its regional arms 42.1 billion won ($32 million) for allege...
Samsung suspends business with select software partner companies
Samsung Electronics Co. has recently “suspended transactions” with select software partner companies through regular auditing, with arou...
Hankook Tire chairman arrested for alleged embezzlement
The head of Hankook Tire & Technology Co., South Korea’s top tire maker, was arrested on Thursday on charges of embezzlement, breach of tr...
S.Korea to fine German carmakers for alleged R&D collusion
South Korea’s antitrust body has preliminarily decided to impose a combined fine of 42.3 billion won ($33.5 million) on four German automakers...
CJ Olive Young faces discipline for abuse of power with suppliers
CJ Olive Young Co., South Korea’s top beauty store chain, will face punishment by the country’s antitrust regulator for abuse of power o...
China's alleged Korean trademark piracy surges during COVID-19
South Korean companies have witnessed a sharp increase in alleged trademark piracy in China over the past few years, as COVID-19 curbed their overse...
S.Korea fines Tesla $2.2 mn for alleged false advertising
South Korea’s antitrust body has decided to impose a fine of 2.9 billion won ($2.2 million) on Tesla Inc., the world’s top electric vehi...
Korean startup CEOs’ ethical scandals emerge as major risk factor
Several South Korean startups have recently been hit hard by their CEOs’ unethical behavior and business-related misconduct, leading to a lo...
Korea's SBW Group eyes bid for textile giant Lycra
South Korean fashion business operator SBW Group is joining the race to acquire global leading textile firm The Lycra Company, investment banking so...
Terraform Labs co-founder Do Kwon faces arrest warrant in South Korea
A South Korean court issued an arrest warrant to Terraform Labs co-founder Do Kwon, a cryptocurrency ecosystem that imploded earlier this year. ...
Broadcom applies for consent order on unfair deals with Samsung
US chipmaker Broadcom Inc. applied for a consent order to the Korea Fair Trade Commission (KFT) in July against allegations that it forced Samsung E...
Plagiarism scandal hits top S.Korean university over AI-themed papers
South Korea's most prestigious university is embroiled in a plagiarism scandal after two papers it published on artificial intelligence are believed...
