FSS chief meets Chinese counterpart, first in six years
The Financial Supervisory Service (FSS) governor met with his Chinese counterpart last week for the first time in six years in a bid to strengthen financial cooperation between the two countries.
Financial authorities re-investigate fund scandals
Financial authorities and the prosecution relaunched an investigation into three asset management companies - Lime, Optimus, Discovery - that were at the center of an infamous fund scandal after discovering additional law violations.
Is a 'Samsung Bot' set to be released in coming years?
Samsung Electronics has set its sights on the development of a humanoid robot as the tech company reviews the mid-to-long-term strategy of its robot business. A planning team under the Device eXperience division is developing a business strategy...
[THINK ENGLISH] 서울모빌리티쇼에 테슬라 휴머노이드 로봇 ‘옵티머스’ 등장 … 중국 이어 세계 2번째
A 173 centimeter, 73 kilogram (160 pound) silver humanoid robot welcomes visitors at the entrance of Tesla's booth at the Seoul Mobility Show on Thursday. Donning a Tesla logo belt, Optimus has a 2.3-kilowatt-hour battery pack at the back which...
Tesla brings bots, Xs and Ss to the Seoul Mobility Show
A 173 centimeter, 73 kilogram (160 pound) silver humanoid robot welcomes visitors at the entrance of Tesla's booth at the Seoul Mobility Show on Thursday.
Korea's Supreme Court sentences Optimus Asset Management CEO Kim Jae-hyun to 40 years
The Supreme Court of Korea upheld a ruling by the lower courts to sentence Kim Jae-hyun, the CEO of Optimus Asset Management riddled in one of the largest fund fraud schemes in Korea’s history, to 40 years in prison.
NH Investment and Hana Bank punished in Optimus case
The Financial Services Commission on Wednesday said it will prohibit NH Investment & Securities from selling new private equity funds for three months. The brokerage firm was also hit with a fine of nearly 5.2 billion won.
Clean bill for bigwigs in Optimus probe
Prosecutors have cleared a number of former high ranking officials and politicians of suspicions of possible involvement in a hedge fund lobbying scandal as they brought a yearlong investigation to an end, sources said Sunday.
Prosecutor general nominee faces public criticism for lack of ethics
Prosecutor general nominee Kim Oh-soo came under fire at a confirmation hearing Wednesday for his lack of ethics demonstrated by taking criminal cases concerning large-scale financial fraud as a lawyer just five months after resigning from vice...
NH Investment ordered to pay 100% Optimus compensation
NH Investment & Securities has been ordered to reimbursed all principal lost by two investors in Optimus Asset Management funds purchased through the brokerage.