[Alphabiz=(Chicago) Reporter Kim Jisun] The Financial Services Commission announced on the 18th that it has decided to impose fines on G-Smart Global, EM Networks, and JOOEUN Tech, which have prepared and disclosed financial statements in violation of accounting standards.

Prior to this, the Securities and Futures Commission under the Financial Services Commission decided to designate auditors for these three companies in July and October last year.

The Financial Services Commission imposed a fine of 52.9 million won on two people, including the CEO of G-Smart Global.

A fine of 142.5 million won was approved for Jungjin Serim Accounting Corp., which neglected the audit process for G-Smart Global.

Three people, including the former CEO of EM Networks, decided to impose a fine of 97.2 million won. In addition to the audit of the company, a fine of 52.5 million won was approved for Daeju Accounting Corp. that violated accounting audit standards.

The CEO of JOOEUN Tech and the Byeokchon Certified Public Accountant Audit Team, who neglected to audit, were fined 2.7 million won, respectively.

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