WONJU, Nov. 23 (Korea Bizwire) – Surveillance-equipped streetlights in Wonju, South Korea, are playing a pivotal role in crime prevention and resolution, including providing crucial evidence in a recent sexual assault case. According to city officials on Friday, footage from a security camera embedded in a streetlight in the Dange-dong area earlier this year was instrumental [...]
SEOUL, Nov. 22 (Korea Bizwire) – A mobility platform rivalry has intensified in South Korea as Tada operator VCNC announced plans for legal action against Kakao Mobility, accusing the tech giant of unfairly recruiting its drivers and mishandling personal information. According to industry sources on November 21, Tada is considering filing a complaint with the Fair [...]
SEOUL, Nov. 19 (Korea Bizwire) – As obesity rates surge across all age groups in South Korea, lawmakers have introduced groundbreaking legislation to address what they increasingly see as a national health emergency. Representative Park Hee-seung of the Democratic Party, a member of the National Assembly’s Health and Welfare Committee, announced today the introduction of the [...]
SEOUL, Nov. 19 (Korea Bizwire) — One Russian and one Vietnamese suspect were recently extradited to the United States after being apprehended in South Korea earlier this year, the justice ministry said Tuesday. The Russian is under investigation by U.S. authorities on suspicions of using ransomware to encrypt data at multiple U.S. companies and then [...]
SEOUL, Nov. 19 (Korea Bizwire) — A Seoul court again rejected an arrest warrant for Qoo10 CEO Ku Young-bae on Tuesday on fraud and embezzlement charges related to his e-commerce group’s large-scale payment delays to vendors. The Seoul Central District Court made the decision following a hearing Monday, saying there was “room for dispute” over [...]
SEOUL, Nov. 18 (Korea Bizwire) — Prosecutors questioned a former chairman of a major South Korean dairy company Monday as part of an investigation into allegations he embezzled company funds for personal use. Hong Won-sik, former chairman of Namyang Dairy Products Co., underwent the questioning at the Seoul Central District Prosecutors Office, officials said. Hong [...]
SEOUL, Nov. 11 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s dominant mobile messenger, has filed an administrative lawsuit against a government fine of15.1 billion won (US$11 million) over the leaking of personal information on a large scale, according to sources Monday. The Personal Information Protection Commission, the government’s personal information watchdog, ordered [...]
SEOUL, Nov. 11 (Korea Bizwire) – Pizza Hut Korea Ltd., the South Korean operator of the namesake American pizza franchise, on Monday received approval from a court to proceed with an autonomous restructuring support (ARS) plan, putting on hold court-mandated rehabilitation proceedings after losing a lawsuit brought by store owners. The Seoul Bankruptcy Court said [...]
SEOUL, Nov. 8 (Korea Bizwire) – A Chinese national and former SK Hynix employee has been sentenced to 18 months in prison and fined 20 million won for misappropriating critical semiconductor technology before taking a position at Huawei. The Yeoju branch of the Suwon District Court found the 36-year-old female defendant guilty of violating South Korea’s [...]
SEOUL, Nov. 6 (Korea Bizwire) – Pizza Hut Korea filed for court receivership after being ordered to pay billions of won in damages following a lawsuit by franchise owners, marking a significant downturn for the once-prominent pizza chain in South Korea. The company submitted its application for bankruptcy protection to the Seoul Bankruptcy Court on November [...]