Tag: accounting fraud

accounting fraud

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Michael ByungJu Kim, chairman of MBK Partners, arrives at the Seoul Central District Court in Seocho District, southern Seoul, on Jan. 13 for a pretrial detention hearing. [YONHAP]

MBK chief Michael ByungJu Kim avoids arrest, but legal proceedings remain

The chairman of private equity firm MBK Partners, Michael ByungJu Kim, and several executives were arrested on Tuesday on charges of fraud and violation of the Capital Markets Act in relation to Homeplus.

2026.1.14

Kakao Mobility CEO Ryu Geung-seon [YONHAP]

Kakao Mobility pushes plans to reappoint CEO against FSS's wishes

Kakao Mobility, Korea's top taxi-hailing service operator, has been pushing for plans to reappoint its CEO despite the state financial regulator's recommendation to replace him amid allegations of accounting fraud, industry sources said Tuesday.

2024.3.19

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A Kakao taxi parked at a taxi station in Seoul on Nov. 2. [NEWS1]

Kakao Mobility guilty of accounting fraud: FSS

The financial watchdog determined that the Kakao subsidiary overestimated its revenue, advising the company to dump its CEO.

2024.2.23

Samsung Electronics Co. Chairman Lee Jae-yong arrives at the Seoul Central District Court in Seocho District, southern Seoul, on Monday afternoon, ahead of the hearing where the court delivered its judgement. [YONHAP]

Samsung chairman Lee Jae-yong acquitted in controversial merger case

The Seoul Central District Court on Monday acquitted Lee Jae-yong, chairman of Samsung Electronics Co., on charges of breach of trust and accounting fraud to push the merger of two Samsung affiliates.

2024.2.5

3 Celltrion companies broke accounting rules, FSC determines

Three listed Celltrion companies engaged in transfer pricing in violation of accounting rules, according to the Financial Services Commission (FSC). The FSC will not be referring the infractions to the prosecution as the acts were found to be ...

2022.3.13

Samsung Electronics Vice President Lee Jae-yong makes a public apology over controversies related to his succession on June 6 at the Samsung building in Seocho District, southern Seoul. [JOONGANG ILBO]

Samsung accuses media of 'speculative' coverage

Samsung Electronics on Sunday appealed to the press not to release "false" or "speculative" reports centering on Samsung’s de facto leader Lee Jae-yong.

2020.6.7

Tag: accounting fraud

accounting fraud

Latest News

MBK chief Michael ByungJu Kim avoids arrest, but legal proceedings remain

Kakao Mobility pushes plans to reappoint CEO against FSS's wishes

Most popular

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Kakao Mobility guilty of accounting fraud: FSS

Samsung chairman Lee Jae-yong acquitted in controversial merger case

3 Celltrion companies broke accounting rules, FSC determines

Samsung accuses media of 'speculative' coverage