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 [...]
INCHEON, July 23 (Korea Bizwire) — In the wake of a shocking patricide involving a homemade gun in Incheon’s Songdo district, a South Korean lawmaker has announced plans to introduce legislation aimed at closing loopholes around illegal firearm production and distribution. Rep. Jung Il-young of the Democratic Party said Monday he will soon propose revisions to [...]
SEOUL, July 21 (Korea Bizwire) — A special counsel team said Monday it has summoned former President Yoon Suk Yeol and former first lady Kim Keon Hee to appear for questioning over allegations of election interference and other irregularities. Special counsel Min Joong-ki’s team sent a summons to the Seoul Detention Center where Yoon is [...]
SEOUL, July 21 (Korea -Bizwire) — The defense ministry said Monday it has suspended the head of the Drone Operations Command over suspicions that military drones were illegally dispatched to North Korea last year as part of preparations for former President Yoon Suk Yeol’s imposition of martial law. Maj. Gen. Kim Yong-dae, commander of the [...]
SEOUL, July 21 (Korea Bizwire) — In response to the rapid proliferation of new synthetic narcotics, the South Korean government is seeking to drastically shorten the classification timeline for temporary controlled substances from the current 40 days to roughly two weeks, aiming to bolster early detection and enforcement capabilities. The Ministry of Food and Drug Safety [...]