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Hahn & Co., the nation's largest private equity firm based on assets under management, secured control over Namyang Dairy Product on Thursday, following years of legal disputes. The Supreme Court sided with Hahn & Co., ordering Namyang Dairy Product Chairman Hong Won-sik and his family members to hand over their 53.08 percent stake in the company to the private equity firm. With the court decision, the e...
After yet another Korean star came under investigation for suspected drug use, the South Korean entertainment industry is feeling increasingly anxious over the possible fallout from multiple entertainment personalities being investigated for suspected drug use. Rapper G-Dragon, the leader of Big Bang whose real name is Kwon Ji-yong, was booked without detention Wednesday for suspected violation of the Narcotics Contr...
Lee Sun-kyun, known for his role in Oscar-winning movie “Parasite,” could be summoned for questioning sometime this week, reports said Sunday, citing police, as part of an expanding investigation into suspected drug use involving the actor and seven others. According to the reports, police are also considering a warrant to take a hair sample from the 48-year-old for drug testing in case he refuses to comp...
The Financial Supervisory Service (FSS) has sent a warning message to local private equity firms (PEF) operating trillions of won of funds entrusted to them by institutional investors. The move comes as the state-run financial watchdog cracks down on irregularities by employees as well as major shareholders of asset management companies.
Pressure mounts on Korea’s milk producers to cut prices Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Pressure mounts on South Korea's milk producers to cut prices - Markets thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.
The Ministry of Agriculture, Food and Rural Affairs recently met with South Korean dairy companies in a bid to increase the pressure on them to minimize price hikes for milk, according to Food Ministry Wednesday. According to a Food Ministry spokesperson, the Food Ministry asked Korean dairy companies during a closed-door meeting to minimize price hikes for milk that are expected to take place amid a forthcoming surg...