Korea Investment & Securities CEO Jung Il-mun was grilled by lawmakers at a parliamentary audit session on Thursday over allegations that the company engaged in unfair trade practices as well as technology theft from a startup company.
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Heads of the Korean units of Apple, Costco Wholesale, Nike, Adidas and multiple other foreign firms were selected as witnesses to testify about misconduct allegations involving their companies during the upcoming National Assembly audit this month, according to industry officials, Thursday.
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The Financial Supervisory Service (FSS) plans to conduct an on-site inspection of Meritz Securities later this month to check for any unethical business practices on the part of the firm.