SEOUL, Jan. 11 (Korea Bizwire) — A former employee of dental implant maker Osstem Implant Co. was sentenced to 35 years in prison Wednesday for embezzling company funds worth 221.5 billion won (US$178.1 million). The Seoul Southern District Court also ordered the former employee, known by his surname Lee, to forfeit 115.2 billion won and [...]
SEOUL, April 27 (Korea Bizwire) — Dental implant maker Osstem Implant Co. will resume trading this week, as the company was deemed capable of maintaining its business in the face of a large-scale embezzlement scandal, the country’s bourse operator said Wednesday. Trading in shares in the country’s top dental implant maker has been suspended since [...]
SEOUL, Jan. 5 (Korea Bizwire) — The chief of South Korean dental implant maker Osstem Implant Co. on Wednesday apologized for its own employee allegedly embezzling a large amount of corporate funds. The employee in charge of managing corporate funds, only identified by his surname Lee, has allegedly embezzled 188 billion won (US$157.7 million). Osstem [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean dental implant maker Osstem Implant Co. said Monday it has sued one of its employees on charges of embezzling corporate funds nearing equity capital. The employee in charge of managing funds, only identified by his surname Lee, allegedly embezzled 188 billion won ($157.7 million) Friday, according to [...]