Asia round-up: Manipulation, revenue drops and a minimum 8m in capital

Okada claims son “manipulated” into turning against him

Kazuo Okada, known by his employees as 'Daddy O,' has claimed his son Tomohiro is being manipulated by Universal Entertainment Corp (UEC), the company he founded in 1969. He claims said manipulation is designed to split the family and take control of his Okada Manila resort in the Philippines, a resort he assumed control of under controversial circumstances in May 2022.

The embattled former chairman of UEC also defended his actions in taking control of the Manila resort, saying: “As a matter of principle, UEC and Okada Manila are business entities that have grown over the past 50 years under my vision and leadership, with the cooperation of various people. This is the unquestionable truth, no matter who you ask.”

Paradise Co announces KRW 18.6bn profit

  
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