SEOUL, Jan. 2 (Korea Bizwire) — LG Electronics Inc., South Korea’s major home appliances maker, is set to face a probe from the country’s antitrust watchdog, industry insiders said Thursday, as local consumers plan to submit a collective complaint against the company over its clothes dryers. A Seoul-based law firm representing 560 local consumers said [...]
SEJONG, Sept. 10 (Korea Bizwire) — Major South Korean shipbuilders have been accused of not duly paying subcontractors for their works, industry sources said Tuesday. The Fair Trade Commission launched probes into Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. over their alleged failures to pay subcontractors between [...]
SEOUL, Aug. 30 (Korea Bizwire) — Yang Hyun-suk, the scandal-ridden former CEO of YG Entertainment, returned home early Friday morning after undergoing a daylong questioning by police about the allegations that he engaged in habitual gambling abroad and arranged sex services for foreign investors. The 49-year-old Yang emerged from the office of the Seoul Metropolitan [...]
SEOUL, Aug. 19 (Korea Bizwire) — The special investigative panel recommended Monday that power plant operators end the practice of outsourcing major maintenance work to subcontractors, completing a probe into the death of a young contract worker. Kim Yong-gyun, a 24-year-old contract worker, was killed in a conveyor belt accident in December last year at [...]
SEOUL, Jul. 26 (Korea Bizwire) — Massive oil mist leaks from a factory of Hanwha Total Petrochemical in central South Korea in May were caused by the company’s failure to abide by safety procedures and a walkout of skilled employees, a joint government-private investigation team said Friday. The announcement came after two oil mist leaks [...]
SEOUL, May 20 (Korea Bizwire) — Hanwha Total Petrochemical is under investigation for its delayed report of a massive oil mist leak at its chemical factory in Seosan, South Chungcheong Province, last week, provincial officials said Monday. The oil mist leak occurred at the company’s Daesan petrochemical complex in Seosan, 150 kilometers south of Seoul, [...]
BEIJING/SEOUL, Apr. 4 (Korea Bizwire) — South Korean police confirmed Thursday they are seeking cooperation from Chinese law enforcement in the probe of a nightclub tied to former BIGBANG member Seungri. The request was made to verify various speculation surrounding a Taiwanese businesswoman, who is said to own a large stake in the nightclub Burning [...]
SEJONG, Mar. 26 (Korea Bizwire) — South Korea has launched a probe into Heineken Korea Co. and AE Brands Korea for allegedly manipulating beer import prices to pay lower tariffs, the country’s top customs official said Tuesday. Kim Yung-moon, commissioner of the Korea Customs Service (KCS), said in a parliamentary finance committee session that the [...]
SEOUL, Mar. 10 (Korea Bizwire) — Police on Sunday accelerated their probe into sex-for-favors allegations involving Seungri of South Korean boy band BIGBANG, as they booked him as a suspect and raided a Seoul nightclub associated with the performer to gather evidence. Investigators are looking into the suspicion that Seungri used various nightclubs in Seoul’s [...]
SEJONG, Mar. 7 (Korea Bizwire) — South Korea’s tax agency said Thursday that it has launched probes into 95 rich people to see if they attempted to avoid paying taxes. The National Tax Service said the latest crackdown includes 37 owners of medium-sized companies, 10 people with vast real estate holdings and 48 high-income people, [...]