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April 24, 2021

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Chairman of SK Networks Choi Shin-won denies embezzlement and denunciation. "Prosecution to wrap up as crime"

2021.04.23 09:52

Chairman of SK Networks Choi Shin-won, who was convicted of embezzlement of 200 billion won, denied the charges in the first trial on Apr.22, claiming that the case was unreasonably packaged by the prosecution as a “chaebol crime”.Chairman Choi's lawyer said the hearing held at the 23rd Division of the Seoul Central District Court's Criminal Department (Head Judge Yoo Young-geun), "Even though all the prosecution facts are not timely and some prove no damage at all, the prosecution packaged it as a serious chaebol crime and indicted arrest.”The lawyer claimed, "This case was transferred by
National Tax Service of South Korea investigates Kiturami’s chairman Choi Jin-min and his family members

2021.04.23 09:46

Kiturami Holdings, the holding company of Kiturami Group that is well known for its Kiturami Boiler products, is under tax investigation. According to Kiturami on Apr. 21, the National Tax Service of South Korea began a tax investigation into Kiturami Holdings on Apr. 14. A media outlet reported on the morning of the same day Kiturami confirmed the investigation that the National Tax Service is investigating into matters such as when the Kiturami Group was split, the transfer of shares of Kiturami Co Ltd’s chairman Choi Jin-min and his family members, and the source of corporate funds of Kit
Hankook Tire's management rights dispute. First interrogation of Chairman Yang-rae Cho for adult guardianship

2021.04.22 10:00

Yang-Rae Cho, chairman of Hankook & Company, has consistently been giving the reporters “a silent response” while attending the trial for the initiation of adult guardianship.The Seoul Family Court held an interrogation on Wednesday at 2:5 pm for the trial to initiate adult guardianship of Chairman Cho. This is because the eldest daughter Cho Hee-kyung, the chairman of the Hankook Tire Foundation, requested a trial to initiate limited guardianship of Chairman Cho in July of last year.Chairman Cho arrived at the court with only his driver at around 2:13 pm on this day. Even when he got out of
Chong Kun Dang to stop manufacturing and selling 9 drugs. “Violation of pharmaceutical laws”

2021.04.22 09:54

Chong Kun Dang was temporarily suspended from manufacturing and selling drugs by the Ministry of Food and Drug Safety for violation of pharmaceutical laws.The Ministry of Food and Drug Safety announced Wednesday that as a result of a special unannounced inspection of drug manufacturers, the decision was made that Chong Kun Dang was violating pharmaceutical laws by using additives without obtaining permission when manufacturing drugs.The Ministry of Food and Drug Safety conducts regular monitoring of Good Manufacturing Practices(GMP) among pharmaceutical manufacturing establishments every three
Samsung ranks 6th among the world's best “innovative companies.” Top 10 for 9 consecutive years

2021.04.21 10:06

Samsung was named the 6th most innovative company in the world this year. It has been among the Top 10 for 9 consecutive years since 2012.Apart from the US companies such as Apple, Google, and Amazon, which have been leading for the second year in a row, Samsung has the highest ranking.Among Korean companies, LG also ranked 12th, raising the ranking by six places from last year, and Hyundai Motor Company was also on the list of innovative companies in eight years after 2013 (17th place).According to the business world on Tuesday, Samsung ranked 6th in the list of The 50 Most Innovative Compani
bhc to accuse the Chairman of BBQ this time. The never ending “chicken war”

2021.04.21 10:02

There are constant complaints and litigation battles between bhc, which takes up the 2nd place in terms of sales in Korean chicken industry, and BBQ, which takes up the 3rd place. bhc announced Tuesday that it had accused the Chairman of BBQ Yoon Hong-geun and others of violating the Act on the aggravated punishment of specific economic crimes at the Seongnam Sujeong Police Station. bhc claimed that "Chairman Yoon caused damages by letting the company lend money to a private company GNS Highnet, which is not related to BBQ." Since this accusation is a matter that is not particularly related to
More than an international embarrassment

2021.04.20 10:09

A FORMER employee at a FedEx warehouse in Indianapolis, the U.S., shot and killed at least eight people at the facility late Thursday night before committing suicide, in the latest of a string of shootings that are rocking the country and stunning the world. This was the fifth mass shooting resulting in the deaths of at least four people in as many weeks, following massacres at three spas in metro Atlanta, a supermarket in Boulder, Colorado, a Southern California office building and a private home in South Carolina. Indianapolis officials said it was at least the third mass shooting in the cit
Namyang Dairy being boycotted after “Bulgaris headwind”

2021.04.20 09:56

There are signs of a boycott of Namyang Dairy products. After announcing the results of a study on the inhibitory effect of fermented milk product Bulgaris against COVID-19, consumer anger is growing. The image was hit once again following the controversy over drug use by Hwang Ha-na, the only granddaughter of the founder, and the accident at the agency. Following the company’s power abuse scandal and the controversy over Hwang Ha-na’s, the founder's only granddaughter, drugs abuse, the company suffered another blow to its image.On Apr.19, the online community and social media started overfl
Hyundai Motor Group to target Chinese market with Ioniq 5 and EV6. Unveiling of G80 electric vehicle

2021.04.20 09:54

Hyundai Motor Company and Kia launched their first dedicated electric cars, the Ionic 5 and EV6, at the 2021 Shanghai International Motor Show to target the Chinese eco-friendly car market. Genesis unveiled its first G80 electric model.Hyundai Motor Company and Kia plan to lead the electrification of the Chinese automobile market by establishing 13 and 8 electrification lineups, respectively, by 2030.On Monday, Hyundai Motor Company participated in the Shanghai International Motor Show held at the Shanghai Convention Center in China and unveiled the Ioniq 5 for the first time in China."It is m

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Doosan Infracore wins order for supplying 15,000 engines to a Chinese forklift manufacturer

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Doosan Infracore wins order for supplying 15,000 engines to a Chinese forklift manufacturer