SEOUL, Jan. 19 (Korea Bizwire) — Starting from January 19, South Korea will enforce stricter penalties for unfair trading practices in the capital markets, including stock price manipulation. The Financial Services Commission and the Financial Supervisory Service announced that the amendment to the Financial Investment Services and Capital Markets Act (Capital Markets Act), which reinforces punishment for [...]
SEOUL, Sept. 15 (Korea Bizwire) — The Sentencing Commission on Tuesday proposed amendments to the sentencing guidelines for producers of sexual exploitation content involving minors. The commission, affiliated with the Supreme Court of Korea, recommended a court issue a tougher punishment of up to 29 years and three months in jail term for a serious, [...]
SEOUL, June 26 (Korea Bizwire) –As the Fair Trade Commission pressures the construction contractors ever harder for colluding in biddings, the total bill for penalties for the past two years has surpassed 450 billion won. Accordingly, some contractors with poor results this year had to pay fines in excess of their profits. According to construction industry [...]