Osstem Implant sues employee for allegedly embezzling KRW 188 billion
Osstem Implant sues employee for allegedly embezzling KRW 188 billion
  • Jung Jun-ho
  • 승인 2022.01.04 15:40
  • 댓글 0
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Osstem Implant homepage capture image

An employee of South Korean dental implant maker Osstem Implant embezzled KRW 188 billion of corporate funds.

Osstem Implant said on January 3 that it sued its money management staff on charges of embezzling corporate funds.

The estimated amount of embezzlement by the employee is KRW 188 billion won, which is 91.8% of the company's KRW 204.7 billion won of equity capital. It is estimated that the amount is the highest ever in the case of embezzlement at a listed company.

The Korea Exchange suspended stock trading, stating that Osstem Implant was subject to a substantive review of listing eligibility.

If the amount of embezzlement of more than 5% of equity capital occurs, the Korea Exchange suspends trading and decides whether or not to be included in the delisting substantive review.


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