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AI & Enterprise

Upstage says Ha Jung-woo share return followed contractual procedure, parking trade not established

AI startup Upstage issued an official statement on May 20 over controversy surrounding the disposal of shares by Ha Jung-woo, the Democratic Party candidate in a Busan by-election. Upstage said it wanted to correct facts to avoid unfounded speculation. It said Ha served as a non-standing adviser in AI education in 2021 and received 10,000 shares at par value with a six-year holding requirement. Upstage said 5,556 shares were placed in a blind trust and 4,444 shares were automatically returned to CEO Kim Sung-hoon at 100 won each.

Games & Commerce

Coupang rejects CCEJ \'revolving-door cartel\' claim, calls announcement discriminatory

Coupang rejected allegations by the Citizens\' Coalition for Economic Justice that it formed a revolving-door cartel by hiring many former officials and said the proportion of such hires was low relative to its overall hiring. The group said it filed for a public-interest audit and criticised employment-screening systems for retirees, citing high approval rates in reviews of former lawmakers’ staff and government officials. Coupang questioned the probe’s fairness and reliability.