‘Discovery US Fintech Global Bond Fund’ (hereinafter referred to as ‘the fund’) is a private equity fund designed and issued by Discovery Asset Management, and sold through a number of channels including Hana Bank, Industrial Bank of Korea, Hana Financial Investment, Korea In…
About this case and its progressThis case is for investors to seek civil and criminal liabilities against companies, asset managements, trust companies and related parties in relations to the suspension of redemption in large scale of the Lime fund. ※ Applicable fund (or related fund) : Li…
Sungshin Cement Co., Ltd. (hereinafter referred to as the “Company”) was imposed a penalty surcharge of \43.7 billion by the Fair Trade Commission and a fine of \150 million as a criminal punishment by the court for colluding on the price of cement during the period from March 2011 to Ap…
DLS linked to foreign interest rates are derivative bond securities issued using the UK's CMS (constant maturity swap) interest rate directly as an underlying asset. DLF are derivatives-funded products that incorporate these DLS into the asset portfolio. The principal and 3~5% of annual pro…
Kolon Life Science is a company established on April 21, 2000 with the business focus on pharmaceutical raw materials production, sales, and research and development of biopharmaceuticals. Kolon Life Science had publicly notified in annual reports and investor relations materials that the compa…
Kolon TissueGene was founded on June 9, 1999 to develop osteoarthritis treatments using the Cell Gene Technology Platform. Listed on KOSDAQ on November 6, 2017, Kolon TissueGene announced in its securities report that Invossa is the world's first gene therapy product that is developed havin…
Asiana Airlines had suffered an “inflight meal crisis” in which international flights were delayed or inflight meals were not loaded at all due to disrupted supply of meals since July 1st. Though this unprecedented “in-flight meal crisis” could have been prevented, negligence…
Apple, the world's leading smartphone manufacturer, officially admitted that that it has deliberately degraded the performance of customers' old iPhones by applying performance-reducing software updates. Many users experienced a sharp slowdown after updating the iPhone's software. In mid…
Hana New Leader Guri Private Real Estate Investment Trust No. 2 (hereinafter referred to as "the fund") was established in December 2006 as a real estate fund to lend money to apartment development projects in Inchang-dong, Guri-si, Gyeonggi-do. The constructor and developer of the develop…
In the course of merging Hyundai AMCO into itself, HEC (Hyundai Engineering) evaluated its value far below the fair value, and dissenting shareholders of HEC who opposed to the merger exercised their appraisal rights against HEC. HEC adopted and suggested 403,586 Korean won per a stock of HEC a…
Daewoo Shipbuilding and Marine Engineering (DSME) aggressively rushed into marine plant business since 2011 when marine transportation business went into a recession after global financial crisis, and reported profits of over 400 billion won every year until 2014.DSME, however, announced operating l…
In the course of merging Hyundai AMCO into itself, HEC (Hyundai Engineering) evaluated its value far below the fair value, and dissenting shareholders of HEC who opposed to the merger exercised their appraisal rights against HEC. HEC adopted and suggested 403,586 Korean won per a stock of HEC a…
On March 28, 2012, The Financial Supervisory Service’s audit revealed that Daekuk has committed accounting frauds for the year 2009 in the amount of 23.7 billion won by understating the allowance for non-performing loans. Gaul accounting firm, auditor of Daekuk was found to have failed to audi…
In the course of restructuring corporate governance of financial subsidiaries of Samsung Group, Samsung Life Insurance which only had held 5.48% of stocks of as of July 2014 became its one and only major shareholder holding about 96% of stocks of Samsung Asset Management after July 2014.By the power…
The Financial Supervisory Service’s audit revealed that Digitech has committed accounting frauds in the amount of 50 billion won by exaggerating revenue, accounts receivables and tangible assets by means of false purchase agreements and false transactional documents. FSS also revealed that Dig…
The “Consus Tashkent JSK PF Real Estate 1” (“Fund”) is one of the overseas real estate funds which sprung up in the mid 2000’s.The fund was established in August, 2007 involving in real estate development business in Tashkent, Uzbekistan. According to the related laws a…
This motion for the decision of purchase price pursuant to appraisal rights is a law suit requesting the court to determine the purchase price of the stocks filed by shareholders who s to the buy-back price determined by the company.He/she who opposes to the share swap and had made a written notific…
Korea Exchange Bank got delisted on April 26, due to the share swap led by its major shareholder Hana Financial Holdings. This was only to sqeeze out the minority shareholders who owned 40% of the stocks, and in this course, minority shareholders’ interests were utterly ignored. The management…
1. Background of the Suit GS E&C(“the company”) has been involving in many overseas constructions which accounts for nearly 40% of the total revenue of the company. In calculating the amount of revenue, operation income and etc. for the overseas constructions, the company used so-cal…
On November 22, 2010, Korealines Co.(“the company”) issued corporate bonds in the amount of 40 billion Korean won through Hyundai Investment and Securities Co.(“Hyundai”) who acted as managing underwriter and distributor of the bonds. Opining as the underwriter on the prospec…