[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
[News Space=Reporter seungwon lee] The fact that LG Electronics will implement voluntary retirement starting in September 2025 for employees over 50 years of age and employees with low performance over the past three years, starting with the MS (Media Entertainment Solutions) division in charge of the TV business, is sending shockwaves through the industry. Although they touted a virtuous cycle of human resources and enhanced competitiveness, the analysis suggests that belt tightening is becoming a reality due to a combination of serious deterioration in performance, an aging workforce, and gl
[News Space=Reporter seungwon lee] The reliability of the Korea Meteorological Administration's weather forecasts is in serious jeopardy. The frequency of false forecasts has led to nicknames like "Guracheong" (a false forecast) and "False Forecasting Office," leading to a surge in public discontent. In particular, the common saying, "It always rains on the day of the Korea Meteorological Administration's athletic meet," has gone beyond mere humor and become a symbol of the agency's declining reliability. The accuracy rate of precipitation forecasts released by the Korea Meteorological Adminis
[News Space=Reporter seungwon lee] A group that manufactured and distributed the new drug 'Space Oil', popular in Hong Kong, in the form of liquid delivery cartridges to entertainment establishments in the Gangnam area of Seoul has been arrested en masse by the police. It was revealed that the drug in question was mainly composed of etomidate, a prescription drug with general anesthetic properties, and propoxate, also known as a "fish anesthetic," and that it was sold after mixing it with liquid tobacco in a 7:3 ratio and masking the smell with fragrance. The Seoul Metropolitan Police Agency
[News Space=Reporter seungwon lee] On August 13, Youngone Corporation welcomed 29 children of its employees, aged between 5 and 12, to its Seoul headquarters in Jung‑gu for the company’s annual “Bring Your Kids to Work” event. The program gave children the chance to experience their parents’ workplace first‑hand — including activities such as joining a virtual meeting with employees at Youngone’s overseas factories. To make the day more memorable, Youngone presented each child with an honorary employee badge and gifts, and organized a variety of engaging activities: drawing at their parents’ d
[News Space=Reporter seungwon lee] With five consecutive fatal accidents at POSCO E&C this year, the domestic construction industry is facing an unprecedented 'license revocation' crisis. President Lee Jae-myung personally instructed relevant ministries to take strong measures, saying, "Consider all legal options, including revoking construction licenses and banning public bidding." If license revocation for a major construction company is realized, it would be the first such revocation in 28 years since the collapse of the Seongsu Bridge in 1994. License revocation, the construction indus
[News Space=Reporter seungwon lee] Recently, APR and KT&G have been attracting investor attention on the KOSPI market, hitting record highs. Both companies share a commonality: strong earnings in the second quarter of 2025 and policies to enhance shareholder value, which have driven their stock price increases. APL recorded consolidated sales of KRW 327.7 billion and operating profit of KRW 84.6 billion in the second quarter, representing growth rates of 111% and 202%, respectively, compared to the same period last year. The operating profit margin reached 25.8%, significantly exceeding ma
[News Space=Reporter seungwon lee] An unprecedented situation has unfolded: Chairman Cho Hyun-beom of Hankook Tire & Technology has been arrested again. This marks the second time the owner of Korea's leading tire group has been sentenced to prison, having previously been sentenced in 2019 and again in May 2025. This ruling has gone down in history as a representative example that quantitatively and qualitatively demonstrates the "total failure" of the Korean conglomerate system and the chronic vulnerabilities of the country's corporate governance structure. This incident is considered a s
[News Space=Reporter seungwon lee] Lee Ha-neul, the ambassador of Kolon Sport, a division of Kolon Industries FnC (hereafter Kolon FnC), achieved the women's FKT (Fastest Known Time) by solo hiking the approximately 780km Colorado Trail that runs through the Rocky Mountains of Colorado, USA, using a lightweight fast hiking method. FKT is a record-breaking race to complete a trail in the fastest time, and is part of the long-distance hiking culture. Kolon Sport has selected 12 brand ambassadors, including alpinists, polar experts, long-distance hikers, and trail runners, and is supporting their