SEOUL, Sept. 21 (Korea Bizwire) — A newly proposed law is expected to have operators of large officetels audited every year. In South Korea, an officetel is a multi-use property that contains both residential and commercial units. Yesterday, the Ministry of Justice made an advance legislation notice regarding officetels to be implemented tomorrow. The law [...]
SEOUL, Apr. 6 (Korea Bizwire) — South Korea’s financial regulator on Wednesday confirmed a one-year suspension of new audits by Deloitte Anjin LLC, as punishment for the firm’s accounting irregularities of troubled Daewoo Shipbuilding & Marine Engineering Co. Until April 4 next year, Deloitte Anjin has been barred from signing new audit contracts, the Financial [...]
SEOUL, Jan. 3 (Korea Bizwire) – It took only four days for one of Korea’s largest state-run corporations to come to a decision to take over Harvest Energy Trust, a significant operator in Canada’s energy industry, even though the Korean entity was aware of the would-be merged company was in poor financial condition in 2009, said [...]