FSC Imposes ₩1.15 Billion in Penalties Over Audit Failures at Panacea

News Financial services Sanctions & Fines

Date: 14th May, 2025 Source: Financial Services Commission Country: South Korea Original Source

Brief

"On May 14, 2025, the Financial Services Commission issued an update regarding FSC Imposes ₩1.15 Billion in Penalties Over Audit Failures at Panacea. The penalties were imposed on Panacea Corporation and several individuals, including former representatives and auditors, for violating accounting standards and failing to conduct proper audits."

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FSC Imposes ₩1.15 Billion in Penalties Over Audit Failures at Panacea

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FSC Imposes ₩1.15 Billion in Penalties Over Audit Failures at Panacea

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Financial Services Commission

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