Billionaire Hybe Founder Said to Face Probe Over IPO Disclosures
The Financial Services Commission referred the largest shareholder of an unidentified company and its former executives on allegations of deceiving investors and violating trading practices. While the FSC did not name the probe's targets in its statement, a person familiar with the investigation told Bloomberg News the company in question was Hybe.
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New York Post
an hour ago
- New York Post
Trump announces South Korea trade deal with $350B US investment hours before tariff deadline
WASHINGTON — President Trump announced Wednesday evening that he had reached an agreement with South Korea that will include $350 billion in investment from Seoul and lock in a 15% tariff rate for the Asian nation. 'I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea,' Trump, 79, wrote on Truth Social. The Deal is that South Korea will give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President,' he added. 'Additionally, South Korea will purchase $100 Billion Dollars of LNG, or other Energy products and, further, South Korea has agreed to invest a large sum of money for their Investment purposes.' While South Korean imports to the US will be slapped with a 15% duty, Trump said the US 'will not be charged a Tariff.' The president had set an Aug. 1 deadline for countries to agree to one-for-one trade deals with Washington or face potentially steep reciprocal levies. Earlier Wednesday, Trump met with South Korean officials at the White House to hammer out details of the agreement. 'I would like to thank the Trade Representatives who came forward today,' the president said. 'It was an Honor to meet them, and talk about the Great Success of their Country!'
UPI
6 hours ago
- UPI
Ex-South Korean President Yoon Suk-yeol in solitary confinement
Former South Korean President Yoon Suk Yeol, shown arriving at court to attend a hearing on his arrest warrant earlier this month, is being held in solitary confinement, his legal mentor said. Photo by Kim Hong-Ji/EPA/Pool SEOUL, July 30 (UPI) -- Former South Korean President Yoon Suk-yeol is being held in solitary confinement under conditions that have prompted concern from his legal adviser. According to his mentor, Shin Pyung, who recently visited him at the Seoul Detention Center, Yoon's treatment is "unfit for a human being" and may constitute a violation of both domestic and international human rights standards. Yoon is confined in 71-square-foot cell with no desk or chair. Instead, he sits on a makeshift cardboard platform, using it to eat meals and read the Bible -- which, according to his attorney, has become his only means of intellectual engagement during confinement. He eats meals while squatting, and his physical movement is limited to brief periods of outdoor exercise -- in isolation. Shin, who was granted access under attorney-client privilege, described the environment as "hell on Earth," noting that the former president lies flat on the floor at night without space to stretch. Despite evident physical discomfort and digestive issues, Yoon was said to maintain a calm and composed demeanor during the visit, even offering a faint smile when asked how he was doing. Claims of political retribution Shin condemned the conditions as politically motivated and accused the current administration of engaging in retributive justice. He further appealed to the international community to recognize the situation as an "uncivilized and barbaric act," urging diplomatic pressure from democratic allies to ensure humane treatment. The harsh conditions have sparked debate about whether South Korea is upholding its constitutional principle of equal dignity for all citizens -- including former heads of state -- while also observing international norms on the treatment of detainees. South Korea's Ministry of Justice has defended the detention center's actions, saying that Yoon is being treated like any other inmate under remand. Authorities said he has access to a fan for cooling during the summer heat, but denied that he is receiving any special accommodations due to his former status. The ministry also clarified that solitary confinement is standard for high-profile detainees during the investigative phase, primarily to prevent contact with other inmates and reduce the risk of evidence tampering. Comparisons with former presidents Critics note that previous presidents charged with criminal offenses, such as Park Geun-hye and Lee Myung-bak, were confined under significantly less austere conditions. Park was given a converted cell with more space and access to reading materials, while Lee was allowed to use a private bathroom and had access to a separate visitation room. Further back, former presidents Chun Doo-hwan and Roh Tae-woo were housed in specially constructed annexes with separate facilities, designed to respect the dignity of their former office.
Miami Herald
9 hours ago
- Miami Herald
Special prosecutors file arrest warrant for South Korean ex-Pres. Yoon
SEOUL, July 30 (UPI) -- South Korean special prosecutors investigating allegations against former First Lady Kim Keon Hee said Wednesday that they requested an arrest warrant to bring in former President Yoon Suk Yeol for questioning over election meddling charges. The request was made after Yoon defied a summons by prosecutor Min Joong-ki for a second time. "The special prosecutors again notified former President Yoon, who failed to appear yesterday, to appear at 10:00 AM today," assistant special counsel Oh Jeong-hee said during a press briefing. "However, former President Yoon did not appear, both yesterday and today, without providing any reason." "The special prosecutor's office filed an arrest warrant for former President Yoon Suk Yeol this afternoon," Oh said. Yoon's legal representatives claim the former president was unable to attend due to health issues, according to local media reports. Yoon is already being held at the Seoul Detention Center on separate charges related to his short-lived Dec. 3 declaration of martial law. A court-issued arrest warrant would allow the special counsel team to physically bring in Yoon for questioning. Min Joong-ki's team is investigating the former first lady on a range of allegations, including stock price manipulation, accepting luxury goods in exchange for political favors and meddling in election nominations. Yoon faces questioning over the election meddling charges, which involve power broker Myung Tae-kyun, the special prosecutor's office said last week. The former presidential couple is suspected of influencing candidate nominations for Yoon's People Power Party in local and parliamentary elections. The arrest warrant comes as Yoon awaits trial on charges including insurrection for his martial law declaration. The decree was quickly overturned by the National Assembly and led to Yoon's impeachment and eventual removal from office. The former president was arrested on Jul. 10 over concerns he may destroy evidence ahead of the trial, marking Yoon's second time in custody. In January, after a weeks-long standoff using his presidential security detail, Yoon was arrested on insurrection charges. He was later released in March on procedural grounds. Special prosecutors indicted Yoon on additional charges last week, including an allegation that he abused power by not holding a required meeting with all cabinet members before declaring martial law. He is also accused of creating a false document claiming the full cabinet endorsed the martial law decree and later destroying it. The insurrection charges Yoon faces are punishable by life imprisonment or the death penalty. On Wednesday, the ruling Democratic Party launched a committee to assist the ongoing special counsel probes into Yoon. In addition to the martial law bid and corruption allegations against Kim Keon Hee, Yoon is also at the center of a third investigation over alleged interference in the probe of the 2023 death of a marine. "We will do our utmost to ensure that the special prosecutors' investigations proceed without a hitch and restore the constitutional order and judicial system that the Yoon Suk Yeol administration has undermined," Rep. Jeon Hyun-heui, who will head the 46-member committee, said. Copyright 2025 UPI News Corporation. All Rights Reserved.
