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Hanwha Group affiliates fined for false accounting

( December 23, 2016, 09:16 GMT | Insight) -- South Korea's Securities and Futures Commission has decided to impose fines on five affiliates of Hanwha Group, including Hanwha E&C and Hanwha Galleria, for false accounting in the mid-2000s, Money Today reports. South Korea's Securities and Futures Commission has decided to impose fines on five affiliates of Hanwha Group, including Hanwha E&C and Hanwha Galleria, for false accounting in the mid-2000s, Money Today reports. The exact amount has not yet been decided because fines worth more than 500 million won ($415,507) must be brought to a regular meeting of the Financial Services Commission. Hanhwa is also suspected of unfairly providing work worth hundreds of billions of won to its insolvent affiliates between 2004 and 2006. ...

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