[News Space=Reporter seungwon lee] Recently, Kyochon Chicken has faced growing controversy over its pricing policies that have repeatedly betrayed consumer trust. First, on September 11, Kyochon Chicken reduced the precooked weight of its boneless chicken menu from 700g to 500g, a 28.6% cut, and changed its ingredients from using only chicken thigh meat to a mix including chicken breast. This sparked a ‘shrinkflation’ (reducing quantity while raising prices) controversy. These reductions and ingredient changes were made without prior notice to consumers and drew criticism over fears of qual
[News Space=Reporter Jeongyoung Kim] South Korean police have launched a forcible investigation into Hanwha Solutions, led by Executive Vice Chairman and CEO Dong-Kwan Kim, over allegations that its subsidiary, Hanwha NxMD, expropriated proprietary thermal management technology from a local venture. According to industry officials and sources familiar with the matter, law enforcement executed search and seizure operations at Hanwha Solutions, Hanwha NxMD, and related partners, with plans to summon senior executives for questioning. The complaint was filed by CGI, a Chungnam-based start-up spec
[News Space=Reporter seungwon lee] The fire that occurred on September 26 at the National Information Resources Service (NIRS) in Daejeon was confirmed by a joint investigation by the police, fire authorities, and the Ministry of the Interior and Safety to have originated from a lithium-ion battery used in the uninterruptible power supply (UPS). The battery responsible for the fire was supplied to NIRS in August 2013 and manufactured by LG Energy Solution. At the time, the UPS battery cells produced by LG Energy Solution between 2012 and 2013 were equipped with a battery management system (BMS
[News Space=Reporter seungwon lee] Chung Chang-chul (28), eldest son of Hyundai Motor Group Chairman Chung Euisun, has joined the group's Japan subsidiary, Hyundai Mobility Japan (HMJ), as a regular employee, marking the beginning of his formal "management training." Within industry circles, while the succession plan is becoming clearer, concerns are rising about whether he can overcome controversies, including a past drunk driving incident, and effectively lead in the Korean and Japanese markets. Joining HMJ in early 2025, Chung Chang-chul works in the product planning department at the Yokoh
[News Space=Reporter seungwon lee] SEOUL — South Korea’s Youngone Corporation has once again secured the top spot in workplace diversity among consumer-sector companies, earning the 2025 WIN Award at a ceremony in Seoul on September 9. The award, presented during the 8th Annual WIN Forum at the EL Tower in Yangjae-dong, recognizes Youngone’s commitment to inclusive leadership and gender balance at the highest levels of corporate management. The accolade is conferred by Women in Innovation (WIN), a nonprofit association led by executive women across industries. Each year, WIN evaluates the coun
[News Space=Reporter seungwon lee] The Supreme Court has finalized its ruling ordering Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) to pay 44.18779 billion won in damages to investors, including the National Pension Service, for fraudulent accounting. This ruling is the first Supreme Court decision among 23 investor lawsuits totaling 165.1 billion won filed in connection with the Daewoo Shipbuilding & Marine Engineering accounting fraud scandal, and is expected to have a significant impact on similar lawsuits currently underway. The Supreme Court upholds the origina
[News Space=Reporter seungwon lee] Samsung BioLogics' plan to spin off its subsidiary management and new investment business divisions to establish a new corporation, Samsung Epi Holdings, has been postponed by about a month. On August 22, Samsung BioLogics announced that the spin-off date had been changed from October 1 to November 1. Accordingly, the extraordinary general meeting of shareholders to approve the spin-off plan was also postponed by one month, from September 16 to October 17. The relisting date for the new entity, Samsung Epis Holdings, was adjusted from October 29 to November 2
[News Space=Reporter seungwon lee] While Netflix's 'K-Pop Demon Hunters' (K-Pop Demon Hunters) is receiving attention from around the world, there is controversy over the sale of illegal goods on a large Chinese online shopping mall. A variety of illegal goods related to 'Kedehun', such as t-shirts, bags, dolls, and blankets, are being sold on 'AliExpress' and 'Temu', which sell to customers around the world. Even when 'Squid Game' and others gained great popularity around the world, there was a huge controversy over the distribution of illegal copies and unauthorized viewing within China. In
[News Space=Reporter seungwon lee] The head of a pharmaceutical wholesaler and the presidents of famous domestic medical corporations and university hospitals who exchanged large amounts of rebates through ghost corporations were brought to trial. On August 18, the Seoul Western District Prosecutors' Office's Food and Drug Crime Investigation Department (Acting Chief Prosecutor Jo Man-rae) indicted 8 people, including Mr. A (67), the representative of a pharmaceutical wholesaler, without detention on charges of embezzlement, violation of the Medical Service Act, Pharmaceutical Affairs Act, obs
[News Space=Reporter seungwon lee] In the first half of 2025, the rankings of operating profit rates among listed domestic food and beverage companies were split by an 'unprecedented' difference. While Samyang Foods and Orion, which have expanded into the global market, have 'run away' with double-digit high-profit structures, Pulmuone and Lotte Welfood, which are highly dependent on the domestic market, have remained at the bottom. By compiling the Financial Supervisory Service's electronic disclosure system, corporate performance data, securities firm reports, and statistical agency informat
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UPDATE: 2025년 10월 21일 22시 48분
