Financial Services Commission imposes fines on MBN and Maeil Business Newspaper for 'Accounting Standards Violations'
The Financial Services Commission announced on the 24th that it imposed fines on Maeil Broadcasting Network (MBN) and Maeil Business Newspaper for preparing and disclosing financial statements in violation of accounting standards.
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MBN was fined 1,036.1 million KRW, and the former CEO of MBN was fined 113.6 million KRW. Maeil Business Newspaper was fined 258.3 million KRW, and two executives, including the CEO, were fined 51.6 million KRW.
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