Month: March 2024

FADU investors lodge class action suit over alleged IPO price inflation

Shareholders of FADU, a fabless semiconductor company, have filed a class action lawsuit against both the company and its IPO underwriters, accusing them of inflating the stock price during its initial public offering (IPO) last July, according to a law firm representing retail investors, Friday.This marks the first lawsuit related to an IPO since the …

Do Kwon’s fate remains uncertain as Korea, US seek his extradition

The fate of Terraform Labs founder Do Kwon remains undetermined, as both Korea and the U.S. seek his extradition to their territories.After a Montenegrin high court’s unexpected decision on Thursday to return Kwon to his native country, the U.S. Department of Justice (DOJ) declared its firm determination to continue seeking Kwon’s extradition to have him …

Hwang Sun-woo cruises into 100-meter freestyle semifinals at world championships

Korean swimmer Hwang Sun-woo cruised into the semifinals of the men’s 100-meter freestyle at the world championships in Qatar on Wednesday, less than 24 hours after winning the 200-meter freestyle gold medal. Hwang posted the sixth-fastest time in the heats with 48.15 seconds at the World Aquatics Championships at the Aspire Dome in Doha. The …

Football officials recommend firing Klinsmann as Korea head coach

Korean football officials on Thursday recommended the dismissal of Jurgen Klinsmann as head coach of the men’s national team on Thursday after the country’s disappointing semifinal exit at the Asian Football Confederation (AFC) Asian Cup. The National Team Committee of the Korea Football Association (KFA) reached its decision during its postmortem meeting at the KFA …