SEOUL, July 30 (Korea Bizwire) — Foreign companies operating in South Korea are voicing strong opposition to the so-called “Yellow Envelope Law,” warning it could significantly raise legal risks and operational burdens — with some even suggesting they may reconsider their presence in the country if the bill passes. The legislation, led by the ruling [...]
SEOUL, July 29 (Korea Bizwire) — South Korea’s Supreme Court is accelerating efforts to leverage artificial intelligence (AI) in the disclosure and use of court rulings, a move aimed at enhancing transparency and restoring public trust in the judiciary. The Judicial AI Committee, an advisory body under the National Court Administration, convened its third meeting [...]
BUSAN, July 28 (Korea Bizwire) — A group of amateur archery enthusiasts in South Korea have been arrested for illegally hunting black goats with compound bows in a rural area of Busan, authorities announced Monday. The Busan Gangseo Police Department said it had detained nine members of an archery club and two members of a government-designated wildlife [...]
SEOUL, July 28 (Korea Bizwire) — South Korea is grappling with the increasing challenge of suspects refusing to reveal their smartphone passwords—a trend spotlighted most recently by former President Yoon Suk-yeol’s reported noncompliance in a high-profile investigation into the death of military corporal Chae. Prosecutors say Yoon’s refusal to unlock his device has hindered the [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s National Health Insurance Service (NHIS) has submitted over 1.5 million citizen signatures to an appeals court in support of its ongoing 50 billion won ($38 million) damages lawsuit against major tobacco companies, signaling strong public backing in a legal battle over smoking-related health costs. The NHIS announced [...]
SEOUL, July 25 (Korea Bizwire) — A special counsel team on Friday raided former first lady Kim Keon Hee’s home and the company she formerly headed as part of their investigation into corruption allegations surrounding her. Special counsel Min Joong-ki’s team carried out the search and seizure on Kim’s residence and Covana Contents’ office in [...]
SEOUL, July 25 (Korea Bizwire) — A vast majority of publicly listed South Korean companies are expressing deep concerns over potential adverse effects of a second wave of corporate law reforms, warning that new regulations could further undermine corporate growth and governance stability. According to a survey released Thursday by the Korea Chamber of Commerce [...]
SEOUL, July 24 (Korea Bizwire) – South Korean prosecutors have requested a 150 million won ($115,000) fine for Trevor Hill, former CEO of Audi Volkswagen Korea (AVK), in connection with the automaker’s diesel emissions manipulation scandal. During Hill’s first court hearing on Thursday at the Seoul Central District Court, prosecutors charged him with violating South [...]
CHANGWON, July 24 (Korea Bizwire) – As South Korea grapples with more frequent extreme weather events, local governments are facing heightened responsibility—and legal scrutiny—for their disaster preparedness and response. Recent court records show that while municipalities have been sued for alleged negligence following natural disasters, they have largely avoided liability. However, growing public and political [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s Constitutional Court announced Tuesday that legislation governing compensation for livestock culling during infectious disease outbreaks has been amended in line with a 2023 court ruling that found parts of the law unconstitutional. In May 2023, the court ruled that a clause in the Livestock Epidemic Prevention and [...]