'Carvana Shares Plunge 14% After Short Seller Alleges $1 Billion Profit Inflation'

Carvana shares plunged over 14% after Gotham City Research accused the online used car platform of inflating profits by $1 billion through related-party transactions.

FSC Takes First Step Toward Modernizing Sanctions on Unfair Trading and Accounting Fraud—Task Force Discusses Enhanced Defense Rights

The Financial Services Commission (FSC) has launched a task force to modernize sanctions on unfair trading and accounting fraud, focusing on strengthening procedural rights and shifting from criminal to monetary penalties, with in-depth reviews planned through next year.

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The Algorithm That Detected a $610 Billion Fraud: How Machine Intelligence Exposed the AI Industry’s Circular Financing Scheme

On November 20, 2025, trading algorithms identified what may become the largest accounting fraud in technology history—not in months or years, but in 18 hours.

Lee Chan-jin Meets Accounting Firm CEOs—Vows Strict Action Against Accounting Fraud

South Korea’s top financial regulator Lee Chan-jin met with accounting firm CEOs, vowing strict action against accounting fraud and urging higher audit quality to strengthen capital market trust.

FSC to Toughen Penalties for Intentional, Prolonged Accounting Fraud—Fines to Increase by 1.5 Times

The Financial Services Commission will sharply increase fines and toughen sanctions for intentional, long-term accounting fraud, targeting both companies and responsible individuals, while introducing incentives for robust internal controls and swift corrective action by new management.

Securities and Futures Commission Resumes Operations—First Agenda Item Focuses on Tougher Penalties for Accounting Fraud

The Securities and Futures Commission resumed operations under new leadership, prioritizing stricter penalties for accounting fraud and pledging enhanced market oversight through AI and regulatory reforms.

National Pension Service Wins Final Lawsuit Over Daewoo Shipbuilding Accounting Fraud—Awarded 44.2 Billion Won in Damages

South Korea’s Supreme Court has ordered Hanwha Ocean to pay the National Pension Service 44.2 billion won in damages over Daewoo Shipbuilding’s accounting fraud, setting a precedent for similar lawsuits.

Lee Jae-yong Remains Silent After Acquittal—Final Appeal Statement Revisited - 'Overcoming Challenges and Moving Forward'

Samsung Electronics Chairman Lee Jae-yong remains silent after Supreme Court acquittal on merger and accounting fraud charges, as his final court statement on overcoming challenges and restoring public trust is revisited.

Lee Jae-yong Acquitted of Unfair Merger and Accounting Fraud Charges by Supreme Court (Update)

South Korea's Supreme Court has finalized the acquittal of Samsung Electronics Chairman Lee Jae-yong on charges of unfair merger and accounting fraud, ending a four-year legal battle and upholding previous lower court verdicts.