Financial Services Commission imposes fines on Hyundai Yakpum and two other companies for accounting standard violations
On the 16th meeting, the Financial Services Commission announced on the 13th that it has decided to impose fines on three companies, DA Technology, Mediforum, and Hyundai Yakpum, for preparing financial statements in violation of accounting standards.
DA Technology, an automobile equipment manufacturer, was fined 553.6 million KRW. The Financial Services Commission also notified a fine of 165.9 million KRW each to the company's former CEO and two others, and a fine of 82.5 million KRW to the accounting firm Gilin, which audited the financial statements.
For Mediforum, a pharmaceutical manufacturer, fines totaling 60.1 million KRW were decided for the former CEO and three others.
Hot Picks Today
!["It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]](https://cwcontent.asiae.co.kr/asiaresize/93/2026052019230771274_1779272587.jpg)
"It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- Blue House Thanks Labor and Management of Samsung Electronics for Their Magnanimous Decision
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Additionally, Hyundai Yakpum was fined 1.6578 billion KRW, with the CEO of Hyundai Yakpum fined 331.4 million KRW. The auditor, Han Young Accounting Corporation, was also fined 60.9 million KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
