This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

iCoop Korea executive arrested over alleged bribes

( November 2, 2016, 05:33 GMT | Insight) -- The Busan Metropolitan Police Agency has arrested an executive from iCoop Korea for allegedly receiving kickbacks from suppliers, Yonhap News reports. The Busan Metropolitan Police Agency has arrested an executive from iCoop Korea for allegedly receiving kickbacks from suppliers, Yonhap News reports. The suspect, identified only by the surname “Kang,” stands accused of receiving aggregate bribes of 1.7 billion won ($1.5 million) between April 2006 and June 2016 for promising continuous contracts to iCoop's suppliers. He is also suspected of obtaining unfair benefits worth 630 million won by exaggerating the cost of marine products through adding ice when weighing them. iCoop operates about 180 stores nationwide selling fisheries products. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections