World · East Asia & Pacific · 1 hr ago
Former LG Energy Solution president investigated over consulting payments
South Korean police are investigating a former LG Energy Solution president over payments made by the company.
The payments went for more than a decade to a Chinese consulting firm linked to the president’s family.
Police suspect the payments caused company losses in the 10-billion-won range.
The case concerns whether company funds were improperly paid to a firm connected to the executive’s family.
Police have searched and seized materials as part of their investigation.
The investigation is ongoing, and no further steps are described.
A former LG Energy Solution president is under police investigation over consulting payments to a Chinese firm linked to his family.
Police suspect the payments caused the company losses in the tens of billions of won.
The payments were made for more than 10 years, according to Chosun Ilbo.
Police conducted a search and seizure, the report said.
- Who
- A former president of LG Energy Solution.
- What
- He is suspected of arranging consulting payments to a Chinese firm linked to his family, causing losses to the company.
- When
- The payments were made for more than 10 years. The report was published on Oct. 14, 2026.
- Where
- Not stated.
- Why
- Police suspect the payments caused company losses in the tens of billions of won.
This story does not have two clearly opposing sides.
Consulting fees were paid to a Chinese firm linked to the former president’s family.
Chosun Ilbo reported that police were investigating the former president and had conducted a search and seizure.
- Company
- LG Energy Solution
- Recipient
- A Chinese consulting firm linked to the former president’s family
- Duration
- More than 10 years
- Suspected losses
- Tens of billions of won
- Investigation
- Police investigation and search and seizure reported by Chosun Ilbo
- Published
- Oct. 14, 2026
Related
Knife attack in Incheon shopping complex injures at least eight
1 hr ago · 12 sources
Forensic evidence examined in Sydney double-murder trial
34 mins ago · 3 sources
Researchers search Nikumaroro for Amelia Earhart’s missing plane
1 hr ago · 6 sources
JR Sapporo Hospital apologizes after nurse posts patient video
1 hr ago · 3 sources
