Bodyfriend Fined for Subcontract Violations

South Korea's Fair Trade Commission fined Bodyfriend 40 million won for failing to properly issue written contracts in 58 subcontracting deals between 2021-2024, violating mandatory signature and delivery date requirements.

Kim Beom-seok Designated Coupang's Owner

South Korea's Fair Trade Commission designated Kim Beom-seok as Coupang's controlling shareholder after confirming his brother Kim Yu-seok's substantial management involvement, ending five years of controversy over ownership designation.

South Korea Reaches 100 Major Conglomerates

South Korea's Fair Trade Commission designated 102 conglomerates with assets over 5 trillion won, including new entries like Toss, Line, Orion, and Kolmar, marking first time surpassing 100 major business groups.