This year’s annual National Assembly audit kicked off Monday with the rival parties locking horns over a slew of legal issues surrounding Democratic Party of Korea Chair Rep. Lee Jae-myung and multiple allegations against first lady Kim Keon Hee. Seventeen parliamentary standing committees will audit a total of 802 government institutions over 26 days. Ten of the 17 standing committees were scheduled to hold hearings Monday, including the Legislation and Judiciary Committee, the Foreign Af

LG Energy Solution on Monday vowed to double its annual sales by 2028 based on expanding and diversifying battery businesses outside of electric vehicles while continuing to secure technological leadership in the EV battery sector. “We will not settle at producing and selling batteries anymore, but we will establish a paradigm of subscription economy for batteries based on our battery diagnosis and management technologies,” said Kim Dong-myung, CEO of LG Energy Solution, during the c

K-pop agencies on Monday denied or sidestepped responsibility for major issues in the industry during a National Assembly audit in Yeouido, Seoul. YG Entertainment CEO Yang Min-suk, SM Entertainment CEO Jang Cheol-hyuk and JYP Entertainment CEO Jimmy Jeong appeared to answer lawmakers’ questions about chart manipulation, album bundling with photo cards, fair trade law violations and choreography copyright issues. Hybe was represented by Joon Choi, CEO of its subsidiary Weverse Co. Rep. Lim