SEOUL & GANGEUNG, Apr. 20 (Korea Bizwire) –In an unprecedented move to determine the cause of a tragic 2022 vehicle acceleration incident that claimed the life of 12-year-old Lee Do-hyun, South Korean authorities conducted an on-site “reenactment test” on April 19, the first of its kind in the nation’s history. The two-hour test in Gangneung, [...]
SEOUL, Apr. 18 (Korea Bizwire) – The South Korean private information protection watchdog requested Chinese e-commerce giants Thursday to faithfully comply with the South Korean law on personal data protection, the agency said. Personal Information Protection Commission (PIPC) Vice Chairperson Choi Jang-hyuk made the request during a meeting in Beijing with officials from AliExpress, Temu [...]
SEOUL, Apr. 6 (Korea Bizwire) –With a new law mandating transparency on loot box odds in video games taking effect, multiple South Korean game companies have acknowledged errors in how they previously disclosed the probabilities of receiving rare in-game items, raising concerns among gamers about potential manipulation. In recent days, major publishers including Gravity for [...]
SEOUL, Apr. 3 (Korea Bizwire) — The Supreme Court has confirmed the conviction of a liquor tycoon’s scion indicted for offering illicit business favors to a subsidiary, judicial officials said Wednesday. In a ruling made March 12, the top court upheld a prison sentence of one year and three months, suspended for two years, for [...]
SEOUL, Mar. 26 (Korea Bizwire) – A South Korean human rights watchdog has determined that a bank’s refusal to open an account for an Iranian national residing in the country based solely on their nationality constitutes discrimination. According to the National Human Rights Commission of Korea (NHRCK) on March 25, an Iranian citizen, identified only by [...]
SEOUL, Mar. 25 (Korea Bizwire) – Samsung Electronics remained tight-lipped on Wednesday after South Korean authorities recognized birth defects in children of former semiconductor factory workers as work-related injuries, reopening scrutiny over the tech giant’s commitment to employee welfare. The landmark ruling by the Korea Workers’ Compensation and Welfare Service covered three cases where children born [...]
SEOUL/ROME, March 22 (Korea Bizwire) — Montenegro prosecutors have appealed a recent court ruling for the extradition of disgraced crypto mogul Do Kwon to his home country of South Korea to face trial on charges connected to the crash of cryptocurrencies. Kwon, the co-founder of the cryptocurrency firm Terraform Labs, is wanted both by South [...]
WASHINGTON/ROME, Mar. 20 (Korea Bizwire) — An appeals court in the Balkan country of Montenegro finalized a decision Wednesday to have Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, be extradited to his home country, South Korea. In a statement on its website, the court said that it had rejected an appeal by [...]
SEOUL, Mar. 14 (Korea Bizwire) – The proliferation of AI-generated cover songs that mimic the voices of famous singers has sparked controversy and raised legal concerns, as these ‘AI covers’ spread across YouTube, potentially infringing upon the rights of the artists involved. Legal experts warn that such activities, especially when they generate sponsorship or advertising revenue, [...]
SEOUL, Mar. 11 (Korea Bizwire) –Nexon Korea has initiated legal action against the Fair Trade Commission (FTC), challenging the sanctions imposed by the regulator over its sale of random-chance items in the popular online game MapleStory. The FTC had previously issued a corrective order and imposed a fine of approximately 11.6 billion won ($9.7 million) [...]