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Fri, August 19, 2022 | 01:14
Konkuk chairwoman grilled over embezzlement suspicions
Prosecutors questioned Kim Kyung-hee, chairwoman of the board of Konkuk University, Thursday, over suspicions of embezzlement and breach of trust.
Foreign investors selling Korean stocks
Foreign investors are selling Korean stocks amid concerns that the won may gain further against the dollar.
Naver sanctioned for violating currency rules
Naver, the country’s largest portal operator, has been punished by financial regulators for violating currency transaction rules.
Korea's globalization ranks 20th
Korea’s “economic interconnectivity” with the rest of the world ranked 20th as of 2012, according to a recent by the McKinsey Global Institute (MGI).
Won rises to 69-month high to dollar
The Korean won has reached its strongest level in five years and nine months against the U.S. dollar, Wednesday.
'Yoo used 100 'bogus' firms for embezzlement'
The prosecution has found more than 100 “bogus” companies allegedly used by former Semo Group Chairman Yoo Byung-eun and his family to misappropriate funds and dodge taxes, sources said Tuesday. Yoo, 73, and his two sons - Dae-gyun and Hyeok-gi - are suspected of having received some 100 billion won ($97.1 million) in “service fees” from these companies.
E&Y Korea rises, Deloitte Anjin falls
The accounting market is expected to undergo major changes as Ernst & Young (E&Y) Korea, the smallest of the country’s four major accounting firms, makes big strides.
Ferry firm's money trail traced
Financial regulators have launched a special probe into a credit union that has provided suspicious loans to Chonghaejin Marine owner Yoo Byung-eun.
Chonghaejin Marine's 'real' owner hunted
Financial regulators have launched a joint investigation with customs and tax officials into Chonghaejin Marine, the operator of the sunken ferry Sewol, and its owner family.
Fire hits Samsung's financial units
Financial affiliates of Samsung Group are unable to provide some customer services after a fire at Samsung SDS’s data center, which manages data storage servers for the affiliates, Sunday.
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