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2024.04.29 (월)

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Park Jiwon Doosan Enerbility Breaches Accounting Standards... Financial Supervisory Service Penalty Measures

Financial Supervisory Service to Investigate and Supervise Business Reports, etc… The 3rd Securities and Futures Commission's Decision on Measures
Doosan Enerbility, Damaged losses on subsidiary investment stocks, etc. are also underestimated

 

 

Daily Union (Monthly, Korea News Newspaper) Ju-un Journalist | The Securities and Futures Commission of the Financial Services Commission decided at its third meeting on February 7, 2024, to impose fines on Doosan Enerbility designate auditors, and request correction.

 

The Securities and Futures Commission determined that Doosan Enerbility also underestimated impairment losses on subsidiary investment stocks and failed to submit some data requested by the supervisory executive without justifiable reason.

 

Doosan Enerbility's accounting manipulation was judged to be gross negligence, not intentional, and the prosecution's accusation and suspension of stock trading were not voted on, but the company is expected to impose a maximum penalty.

 

According to the Capital Markets Act, the Securities and Futures Commission imposed a fine of 20 million won and 12 million won on each of the two CEOs.

 

Penalties for the company and one former CEO will be finalized by the Securities and Futures Commission in the future.

 



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