[News Space=Reporter seungwon lee] Rep. Kang Min-guk (People Power Party, Jinju City B) urged the Fair Trade Commission, Financial Supervisory Service, and other relevant authorities to actively investigate the suspicion that Hanwha Aerospace is effectively forcing its employees to buy paid-in capital increase stocks. On March 20, Hanwha Aerospace decided on a large-scale paid-in capital increase worth 3.6 trillion won, but immediately after the announcement of the paid-in capital increase, it faced criticism that it was a fraudulent paid-in capital increase for the succession of the owner's f
[News Space=Reporter seungwon lee] Rinnai Korea (CEO Cho Sang-hoon, Yoshikazu Tanaka) saw a slight increase in sales last year, but its operating profit soared by a whopping 153% and net profit by 84%. However, despite the good performance, the net assets of its affiliate, Rinnai Plus, are in minus (-1.56 billion won), resulting in complete capital impairment. As the possibility of recovering accounts receivable from Rinnai Plus is low, a provision for bad debts has been set up. According to the audit report disclosed in the Financial Supervisory Service's electronic disclosure system on the 7
[News Space=Reporter seungwon lee] WeWork Korea Limited (CEO Claudio Andres Hidalgo Saz) succeeded in turning a profit last year from a net loss the previous year, but the red light on its financial soundness has become even stronger. The audit agency warned of “material uncertainties related to going concern” due to liquidity risk and capital erosion caused by a surge in short-term borrowings. Even the auditors use this as a euphemism for "serious doubts about the company's ability to continue operating normally." In other words, it is a sign that the company is at risk of closing down or goi
[News Space=Reporter seungwon lee] Samsung BioLogics, the world's largest bio contract development and manufacturing organization (CDMO), has celebrated its 14th anniversary. This year, Samsung BioLogics plans to continue its growth as a global top-tier bio company by accelerating its three-axis expansion strategy centered on production capacity, portfolio, and global bases. Samsung BioLogics was established on April 21, 2011 in Songdo, Incheon. It was launched to fully promote the bio business, which Samsung Group selected as one of the 'five new growth businesses'. Despite being a latecomer
[News Space=Reporter seungwon lee] Jaseng Oriental Medicine Hospital is the largest Oriental medicine hospital network in Korea, and is a medical institution that focuses on non-surgical spinal treatment and Oriental medicine treatment. As a public interest non-profit medical corporation, Jaseng Oriental Medicine Hospital focuses on medical treatment activities and delegated various support functions necessary for hospital operation, such as management, public relations, marketing, branding, education, IT, interior, and equipment purchase, to a separate specialized company (JSD One, MSO: Manag
[News Space=Reporter seungwon lee] HK inno.N's new gastroesophageal reflux disease drug K-Cab (ingredient name: tegoprazan) has successfully completed phase 3 clinical trials in the United States. K-Cab met the primary and secondary endpoints in both erosive esophagitis (EE) and non-erosive gastroesophageal reflux disease (NERD) clinical trials. In particular, it demonstrated superiority over PPI in the treatment of erosive esophagitis in the second and eighth weeks. This is the first major achievement in three years since HK inno.N transferred its technology to Sebela Pharmaceuticals in the U
[News Space=Reporter seungwon lee] SK Telecom President Yoo Young-sang bowed his head in response to the leak of SK Telecom subscriber SIM card information. SK Telecom decided to provide free SIM card replacement to subscribers who wish to do so starting on the 28th in order to alleviate concerns about secondary damage to subscribers related to this hacking incident. SK Telecom CEO Yoo Young-sang held an emergency meeting at the SK Telecom building in Euljiro, Seoul on the 25th and said, “I sincerely apologize to customers who have trusted and used SK Telecom and to society for the great incon
[News Space=Reporter seungwon lee] Fashion Group Hyungji (CEO Choi Byung-oh) saw its sales decrease by 8%, operating profit decrease by 33%, and net income turn to a deficit last year, further increasing its financial risk. In addition, its debt ratio worsened by 41.6%p year-on-year to 243.5%, and its current ratio recorded 43.3%. With short-term borrowings reaching 152.5 billion won, its financial soundness is in danger. There have even been suspicions that the company inflated its accounting performance by transferring the unsold clothing inventory to a special affiliate and recording accoun
[News Space=Reporter seungwon lee] The controversy surrounding Hanwha Group's management succession and large-scale paid-in capital increase was highlighted in the National Assembly. At the discussion session titled “Is the current Hanwha management succession okay?” held at the 10th conference room of the National Assembly Members’ Hall at 2:00 PM on the 14th, criticism poured in that the recent actions of Hanwha Group, such as the paid-in capital increase of Hanwha Aerospace (hereinafter referred to as Hanwha Aero) and stock transactions between affiliates, were typical examples of the backw
[News Space=Reporter seungwon lee] Cleantopia (CEO Kim Sang-young), the number one company in the laundry industry, has achieved the best performance since its establishment. It has achieved rapid growth of about three times in sales and profits compared to the previous year. It is known that interested buyers have already made related proposals to JKL Partners, the largest shareholder. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 2nd, Cleantopia's sales in 2024 increased by a whopping 190%, nearly three times, to KRW 279.7 billion co