Oriental Brewery Co., Subsidiary of Budweiser APAC, Indicted in Korea for Embezzlement and Customs Tax Evasion

Reuters

2025/06/27

Oriental Brewery Co., Subsidiary of Budweiser APAC, Indicted in Korea for Embezzlement and Customs Tax Evasion

An employee of Oriental Brewery Co. Ltd. (OB), a subsidiary of Budweiser Brewing Company APAC Ltd., has been indicted in Korea on charges of embezzlement and commercial bribery, as well as alleged customs tax evasion related to malt importation. Additionally, OB, its subsidiary ZX Ventures, OB's head of logistics, and the chief executive officer have been charged as joint defendants in the customs tax evasion case. Budweiser Brewing Company APAC Ltd. has stated that it will defend against these charges, and the potential financial impact on the company is not expected to be significant.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Budweiser Brewing Company APAC Ltd. published the original content used to generate this news brief on June 27, 2025, and is solely responsible for the information contained therein.

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Ltd. (OB), a subsidiary of Budweiser Brewing Company APAC Ltd., has been indicted in Korea on charges of embezzlement and commercial bribery, as well as alleged customs tax evasion related to malt importation. Additionally, OB, its subsidiary ZX Ventures, OB's head of logistics, and the chief executive officer have been charged as joint defendants in the customs tax evasion case. Budweiser Brewing Company APAC Ltd. has stated that it will defend against these charges, and the potential financial impact on the company is not expected to be significant.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Budweiser Brewing Company APAC Ltd. published the original content used to generate this news brief on June 27, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0543330483.HKD","symbol_name":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250627:nNDL5hMSN7:1","article_id":"2546176397","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546176397","pubTimestamp":1751020769,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"An employee of Oriental Brewery Co. 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Ltd. (OB), a subsidiary of Budweiser Brewing Company APAC Ltd., has been indicted in Korea on charges of embezzlement and commercial bribery, as well as alleged customs tax evasion related to malt importation. Additionally, OB, its subsidiary ZX Ventures, OB's head of logistics, and the chief executive officer have been charged as joint defendants in the customs tax evasion case. Budweiser Brewing Company APAC Ltd. has stated that it will defend against these charges, and the potential financial impact on the company is not expected to be significant.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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