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Lee Jae-yong Acquitted of All Charges in Merger and Accounting Fraud Case

Lee Jae-yong Acquitted of All Charges in Merger and Accounting Fraud Case

(Photo=Samsung) Lee Jae-yong, chairman of Samsung Electronics — a company recognized as a global leader in semiconductors, mobile devices, and home appliances — was acquitted by South Korea’s Supreme Court on Wednesday of all charges over alleged unfair merger practices and accounting fraud. At 11:15 a.m. on Thursday, July 17, the Supreme Court’s third panel, presided over by Justice Oh

Jul 18 2025
09:00 AM PDT
Olive Young Showcases Private Label Brands at Cosmoprof North America 2025, Eyes Global Expansion

Olive Young Showcases Private Label Brands at Cosmoprof North America 2025, Eyes Global Expansion

Photo=Olive Young Korean beauty retailer Olive Young took center stage at Cosmoprof North America 2025 in Las Vegas this week, presenting its lineup of private label (PB) brands to international buyers and industry professionals. The move underscores the company’s ambition to establish itself as a global leader in K-beauty by leveraging South Korea’s advanced skincare technologies and trendsetting products. The

Jul 17 2025
12:00 PM PDT
LG Electronics Subscription Service Surpasses 10,000 Users in Thailand

LG Electronics Subscription Service Surpasses 10,000 Users in Thailand

Photo=LG Electronics LG Electronics home appliance subscription service, LG Subscribe, has exceeded 10,000 subscribers in Thailand just nine months after its launch, the company announced Thursday. The service’s success is attributed to its tailored approach, reducing upfront costs while offering robust after-sales support, which has resonated with Thai consumers. LG Electronics Thailand division reported that LG Subscribe aims to grow

Jul 17 2025
11:00 AM PDT
Hybe Chairman Bang Si-hyuk Referred to Prosecutors Over Fraud Allegations in IPO Process

Hybe Chairman Bang Si-hyuk Referred to Prosecutors Over Fraud Allegations in IPO Process

(Photo=Bang Si-hyuk X) South Korea’s financial regulator has referred Bang Si-hyuk, chairman of Hybe, the K-pop agency behind BTS and NewJeans, to prosecutors on charges of fraudulent transactions during the company’s initial public offering (IPO) process. The Securities and Futures Commission (SFC), under the Financial Services Commission, said on July 16 that it decided in a regular meeting to file

Jul 17 2025
09:00 AM PDT
Jeju to Host Pokémon-Themed Event This Fall to Revitalize Tourism

Jeju to Host Pokémon-Themed Event This Fall to Revitalize Tourism

(Photo=Korea Tourism Organization) Jeju Island, South Korea's largest resort island known for its volcanic landscapes and sandy beaches, is gearing up to host a large-scale Pokémon-themed event this fall to boost local tourism and attract visitors from home and abroad. On July 17, the Korea Tourism Organization (KTO) announced that it had signed a strategic partnership agreement with Pokémon Korea,

Jul 17 2025
12:30 AM PDT