{"id":8260,"date":"2018-05-02T03:45:36","date_gmt":"2018-05-02T07:45:36","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=736c1ec41aae2a28406464077075dc79"},"modified":"2018-05-02T03:45:36","modified_gmt":"2018-05-02T07:45:36","slug":"regulator-says-samsung-biologics-breaches-accounting-rules","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/02\/regulator-says-samsung-biologics-breaches-accounting-rules\/","title":{"rendered":"Regulator says Samsung Biologics breaches accounting rules"},"content":{"rendered":"<p>SEOUL, Korea, Republic Of &#8212; A South Korean regulator says Samsung Biologics Co. has breached accounting rules in a preliminary finding that could deal a big blow to the company and other Samsung affiliates if finalized.<\/p>\n<p>Financial Supervisory Service said Wednesday it has wrapped up its one-year probe into Samsung Biologics and notified the company of the violation. It declined to confirm details of its interim conclusion pending a review at the Financial Services Commission. The notification gives Samsung Biologics a chance to defend itself.<\/p>\n<p>Samsung Biologics is denying the accounting breaches.<\/p>\n<p>Despite its defence, its stock price tanked, finishing 17.2 per cent lower.<\/p>\n<p>At stake is whether Samsung Biologics accurately evaluated the value of its affiliate Samsung Bioepis before its initial public offering in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL, Korea, Republic Of &mdash; A South Korean regulator says Samsung Biologics Co. has breached accounting rules in a preliminary finding that could deal a big blow to the company and other Samsung affiliates if finalized. Financial Supervisory Service said Wednesday it has wrapped up its one-year probe into Samsung Biologics and notified the company [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8260"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8260"}],"version-history":[{"count":2,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8260\/revisions"}],"predecessor-version":[{"id":8269,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8260\/revisions\/8269"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}