Social Affairs
Online firms probed for unreported overseas transactions
Aug. 25, 2013
The prosecution has launched an investigation into some Internet companies, including NHN Corp., for alleged foreign exchange transaction act violations, such as failing to report foreign investments, sources said Saturday.Seoul Central District Prosecutor’s Office is looking into NHN Corp. for suspected omission of investment report when its Japanese branch, NHN Japan, bought out Livedoor, a Japanese portal business, in 2010 for 80 billion won ($72 million), reports said.NHN Corp. is the Intern