Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Trump Administration Sued Over Suspension of Critical Hudson River Tunnel Funding 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Court Allows Expert Testimony Linking Johnson & Johnson Talc Products to Ovarian Cancer 
Federal Judge Restores Funding for Gateway Rail Tunnel Project 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Supreme Court Signals Skepticism Toward Hawaii Handgun Carry Law 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
New York Judge Orders Redrawing of GOP-Held Congressional District 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Sources say that major law firms have been reluctant to represent Financial Supervisory Service (FSS) against Woori Financial Group Chairman Son Tae-seung for fear of losing clients in the private sector, which pay more.
The FSS has ultimately tapped private law firm Kim, Chang & Lee to overturn the Seoul Administrative Court's Aug. 27 ruling that it should revoke the heavy sanctions it had placed last year on Son.
In the first trial, FSS was represented by lawyers from the mid-size law firm, HMP Law, and later moved to another mid-size law firm, Jipyoung.
The FSS was also unable to engage Jipyoung’s services because of conflicts of interest as it offers legal advice to financial companies and represented them in several lawsuits.
FSS noted that Kim, Chang & Lee does not lag behind large private law firms in terms of its capabilities.
Meanwhile, the chairman was represented in the first trial by the nation's leading law firm, Kim & Chang, and the sixth-largest law firm, Yoon & Yang, which has enabled financial firms to get favorable results against regulators.
Yoon & Yang also has several lawyers that have previously serviced the FSS.
