SEOUL, Nov. 23 (Korea Bizwire) — South Korea’s bourse operator has launched a probe into two foreign brokerages on suspicions that they might have improperly affected stock prices through massive trading ahead of a global index rebalancing last year, market sources said Wednesday. The Korea Exchange (KRX) is looking into whether those firms — Morgan [...]
SEOUL, Aug. 17 (Korea Bizwire) — Police said Tuesday they have launched an investigation into an allegation that a Seoul branch of McDonald’s Korea used food products past their expiration dates. The Gangnam Police Station in southern Seoul has been investigating the CEO of McDonald’s Korea on charges of violating the Food Sanitation Act after [...]
SEOUL, July 6 (Korea Bizwire) — After stoking a series of controversies, including a fire at a logistics center and a poor working conditions, e-commerce giant Coupang Inc. is now facing a government investigation into alleged unfair practices. The Korea Fair Trade Commission (KFTC) recently noted that Coupang might have violated the Fair Trade Law [...]
SEOUL, June 8 (Korea Bizwire) — The National Police Agency is developing artificial intelligence (AI) technology that automatically sends information helpful for investigation to field investigators. Jang Kwang-ho, head of the smart police intelligence center at the Police Science Institute, introduced the project at a meeting held at the National Police Agency headquarters. Investigators at [...]
SEOUL, April 9 (Korea Bizwire) — An airman is under investigation over allegations he took the annual state-administered college entrance exam on behalf of one of his superiors, military officials said Thursday. The service member, whose identity has been withheld, is suspected of taking the annual College Scholastic Aptitude Test in November on behalf of [...]
SEOUL, Sept. 23 (Korea Bizwire) — Prior to the launch of police investigations into those suspected of committing a crime, victims have been making use of social media to bring attention to their own cases, posting photos of suspects on the Internet. A case in point is an assault that occurred in Changwon, South Gyeongsang [...]
SUWON, May 14 (Korea Bizwire) — A number of cases have arisen recently in which law enforcement agencies have asked social media websites headquartered overseas to assist with their investigations. The purpose of these types of requests is typically to uncover the identity of a social media user posting controversial materials online. As in this [...]
SEOUL, June 20 (Korea Bizwire) – Current and former police officers are teaming up to form an organization, called the Korea Institute for Licensed Private Investigators, the first step forward in legitimizing private investigators, with the ultimate goal of having the national assembly pass legislation to legalize the profession. It’s also the first time that [...]
SEOUL, June 17 (Korea Bizwire) – The Lotte Group is suspected of giving business favors to a company controlled by its founder’s third wife Seo Mi-kyung, who is on the list of those being investigated as part of the retail giant’s slush fund allegations, industry watchers said Friday. The 57-year-old Seo is the 1977 winner [...]
SEOUL, June 14 (Korea Bizwire) – Prosecutors launched a second round of raids on affiliates of South Korea’s retail giant Lotte Group on Tuesday as their probe into the country’s fifth-largest conglomerate widens over the group’s alleged slush funds. The Seoul Central District Prosecutors’ Office said it raided a total of 15 places, including 10 [...]