Prosecutors Raid Daewoong Pharmaceutical... "Responding Sincerely to the Investigation"
[Asia Economy Reporter Jang Hyowon] It has been reported that the prosecution conducted a search and seizure at the headquarters of Daewoong Pharmaceutical.
According to industry sources, the Criminal Division 12 of the Seoul Central District Prosecutors' Office conducted a search and seizure at Daewoong Pharmaceutical's headquarters in Samseong-dong, Gangnam-gu, Seoul on the 26th.
The Criminal Division 12 of the Central District Prosecutors' Office is a department that investigates crimes related to trade secrets. The industry views this search and seizure as part of an investigation into a technology dispute case involving Daewoong Pharmaceutical.
In response, a Daewoong Pharmaceutical official stated, "It is true that the prosecution conducted a search and seizure, but we cannot confirm specific details," and added, "We will sincerely cooperate with the prosecution's investigation."
Hot Picks Today
At President Lee's Call to "Give Enough to Shock," Whistleblower Rewards Become a Real Lottery
- If a Samsung Electronics Employee with a 100 Million Won Salary Receives a 600 Million Won Performance Bonus, Taxes Total 247.19 Million Won
- Lived as Family for Over 30 Years... Daughter-in-Law Cast Aside After Husband's Death
- "White House Blocks Repatriation of 'Ebola-Infected' Doctor... Ultimately Transferred to Germany"
- "4.15 Million Won Prada Jacket Shows White Spots After One Wear"...Korea Consumer Agency Orders Full Refund
It is known that this search and seizure by the prosecution is unrelated to the Fair Trade Commission's accusation. Earlier, in March, the Fair Trade Commission filed a complaint with the prosecution, alleging that Daewoong Pharmaceutical abused patent infringement lawsuits to obstruct the sales of a competitor's products. This case is currently under investigation by the Fair Trade Investigation Division of the Seoul Central District Prosecutors' Office.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.