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Court Recognizes Responsibility of SK Chemical and Aekyung Industrial in Harmful Humidifier Disinfectant Case

SEOUL, Jan. 12 (Korea Bizwire) – In a significant court ruling, former executives of SK Chemical and Aekyung Industrial were found guilty on January 11 for their involvement in selling harmful humidifier disinfectants. This judgment effectively acknowledges the causal link between all humidifier disinfectant ingredients and lung diseases. The Seoul High Court sentenced former SK Chemical [...]

S. Korean Household Goods Firm Aekyung Industrial Makes Market Debut

SEOUL, March 22 (Korea Bizwire) – Aekyung Industrial Co., a South Korean household goods and cosmetics maker, debuted on the Seoul bourse Thursday, trading above its initial public offering (IPO) price. Shares of Aekyung Industrial were trading at 30,950 won (US$29) as of 11:20 a.m., slightly above the IPO price of 29,100 won. Its market capitalization was 811 billion won. The company said it aims to [...]

SK Chemical, Two Others Fined for Misleading Info over Humidifier Sterilizer

SEJONG, Feb. 12 (Korea Bizwire) — SK Chemical Co. and two other firms were fined for providing insufficient and misleading information on its humidifier sterilizer products, the country’s corporate watchdog said Monday. The Fair Trade Commission (FTC) said it has decided to levy a total of 134 million won (US$124,000) in fines on SK Chemical, [...]