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Posted: 2025-05-07 00:55:32 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-07 00:56:01 UTC
Verified By
Rollup News
The Baeks Jong-won led Theborn Korea is faltering due to various controversies, including investigations into false advertising allegations. CEO Baek issued an apology video, acknowledging his mistakes regarding broadcasting abuse allegations. The company's stock price has plummeted by about 60% in less than six months since its listing.
Controversies surrounding Theborn Korea
False advertising allegations and investigation
Baek Jong-won's apology and acknowledgment of broadcasting abuse
Significant drop in Theborn Korea's stock price post-listing
False advertising allegations
Broadcasting abuse allegations
Stock price decline
Damage to brand reputation