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Birla Carbon announces restructuring
Birla Carbon has announced a restructuring of its carbon black operations, operating through three divisions: Asia, Americas & EMEA, and Specialty Materials. The Asia division will be responsible for the rubber blacks business in that region. Amit Kumar, currently Chief Manufacturing Officer, Asia, will be named President of the unit. The Americas & EMEA division will handle the rubber blacks business in those regions. John Davidson, currently Chief Sales & Marketing Officer,
Notch
2 days ago1 min read
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Seoul police raid LD Carbon offices in anti-corruption investigation
The Asia Business Daily reports today that the Anti-Corruption Investigation Unit of the Seoul Metropolitan Police Agency conducted a search and seizure of the headquarters of LD Carbon and other locations on May 26, 2026. As this blog has reported, LD Carbon recently filed a criminal complaint against its former chief executive and two senior finance officials alleging embezzlement and fraud. Police also raided the offices of Korea Environment Corporation, an agency under Ko
Notch
2 days ago1 min read
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Former LD Carbon executives accused of fraud
LD Carbon, a South Korean tire pyrolysis company, has filed a criminal complaint against its former chief executive and two senior finance officials, accusing them of embezzling corporate funds and misuse of government subsidies. The complaint was filed to the Suseo Police Station in Seoul and names former CEO Hwang Yong-kyung, CFO Lee Chung-jin, and Finance Manager Han Seung-yeon as suspects in an alleged scheme dating to 2022/2023. The charges involve unauthorized financial
Notch
May 151 min read
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