SEOUL, June 23 (Yonhap) — Former first lady Kim Keon Hee defied prosecutors’ summons Monday over allegations of stock price manipulation and interference with the election nomination process, officials said. A special investigation unit under the prosecution had requested Kim, the wife of ousted President Yoon Suk Yeol, to appear for questioning as a suspect, [...]
SEOUL, June 23 (Korea Bizwire) — South Korean grocery delivery platform Oasis Corp. said Monday it has acquired full ownership of e-commerce platform TMON after a court approved its rehabilitation plan, which included the acquisition proposal. TMON filed for court receivership in July last year following widespread delays in payments to vendors using its platform. [...]
SEOUL, June 20 (Korea Bizwire) – A Seoul court said Friday it will hold a hearing next week to determine whether to extend the arrest of former Defense Minister Kim Yong-hyun over his alleged role in former President Yoon Suk Yeol’s short-lived imposition of martial law. The Seoul Central District Court said the hearing will [...]
SEOUL, June 20 (Korea Bizwire) — A court on Friday approved a request to allow discount store chain Homeplus Co. to pursue a merger and acquisition (M&A) deal before a court decision on whether to approve its rehabilitation plan. The Seoul Bankruptcy Court approved Homeplus’ pursuit of the M&A deal and the selection of [...]
SEOUL, June 19 (Korea Bizwire) — A wave of consumer complaints is erupting over how some South Korean law firms are handling group lawsuits related to the high-profile hacking incident involving SK Telecom. Critics say certain firms are aggressively soliciting participants and collecting upfront fees without adequate explanation—only to later demand detailed evidence of damages, [...]
CHUNCHEON, June 16 (Korea Bizwire) – A coalition of environmental groups opposed to the controversial Mount Seorak cable car project has filed an emergency injunction seeking to suspend the development, citing irreversible ecological damage. The coalition, known as the National Action to Protect Mount Seorak National Park, submitted a request to the Chuncheon District Court on [...]
SEOUL, June 16 (Korea Bizwire) — LG Display Co., a global leader in display panel manufacturing, has filed a patent infringement lawsuit in the United States against Chinese firm Tianma Microelectronics Co. to protect its intellectual property, according to industry sources Monday. According to the sources, the South Korean company filed the suit Friday (U.S. [...]
SEOUL, June 15 (Korea Bizwire) — The number of drug offenders in South Korea surpassed the 20,000 mark for the second consecutive year in 2024, with people in their 20s and 30s accounting for over 60 percent of the total, data showed Sunday. Last year, a total of 23,022 people were apprehended for drug-related offenses, [...]
SEOUL, June 13 (Korea Bizwire) — A Seoul court has ruled in favor of Samsung Electronics in a high-profile lawsuit filed by over 1,800 Galaxy smartphone users, who claimed the company misled them by pre-installing software that throttled device performance without adequate disclosure. In a ruling delivered Wednesday, the Seoul Central District Court dismissed the [...]
SEOUL, June 12 (Korea Bizwire) — Police issued a third summons to former President Yoon Suk Yeol on Thursday to appear for questioning over charges related to his botched martial law bid. Yoon was ordered to appear by next Thursday after he snubbed two previous summonses to appear June 5 and earlier in the day, [...]