SEOUL, June 11 (Korea Bizwire) — A long-running legal battle between South Korean human rights activists and Google over personal data transparency has come to an end after 11 years, with both parties agreeing to a court-proposed settlement. Under the terms of the agreement, Google will provide South Korean users with improved access to their personal [...]
SEOUL, June 10 (Korea Bizwire) — South Korea’s National Tax Service (NTS) has launched an aggressive crackdown on 710 chronic tax delinquents who collectively owe more than 1 trillion won (approximately US$730 million), revealing widespread use of fraudulent schemes to hide assets and evade payment. The offenders, flagged for property tracking investigations, used tactics ranging [...]
SEOUL, June 10 (Korea Bizwire) — Prosecutors on Tuesday indicted a duo accused of blackmailing South Korean football star Son Heung-min with fake pregnancy claims to extort money from him. The Seoul Central District Prosecutors Office said it indicted a woman in her 20s on charges of extortion and attempted extortion, and a man in [...]
SEOUL, June 10 (Korea Bizwire) — The Cabinet on Tuesday approved bills to appoint special counsels to probe a botched martial law bid by former President Yoon Suk Yeol and corruption allegations against his wife, former first lady Kim Keon Hee. President Lee Jae-myung presided over the Cabinet meeting that also approved a special counsel [...]
SEOUL, June 6 (Korea Bizwire) – Global tech giants Apple and Google are facing intensifying legal and political challenges to their longstanding in-app payment fee policies, prompting a growing number of South Korean game and IT companies to join class action efforts in the United States. According to Wither People, a Seoul-based law firm representing the [...]
SEOUL, June 5 (Korea Bizwire) — The National Assembly on Thursday passed bills to launch special counsel probes into insurrection charges surrounding former President Yoon Suk Yeol over his failed martial law bid and allegations against Yoon’s wife. The bills were approved in a 194-3 vote with one abstention at a plenary session of the [...]
SEOUL, June 4 (Korea Bizwire) — The retrial of former spy chief Kim Jae-gyu, who was sentenced to death for assassinating former President Park Chung-hee in 1979 and executed the following year, will begin next month, judicial officials said Wednesday. The Seoul High Court, which approved the retrial of Kim in February this year, plans [...]
SEOUL, May 29 (Korea Bizwire) — An appellate court on Thursday upheld a lower court’s verdict that Samsung C&T has no obligation to pay U.S.-based hedge fund Elliott some 26.7 billion won (US$19.3 million) in delayed interests over the 2015 merger of two Samsung units. The Seoul High Court dismissed an appeal filed by the [...]
SEOUL, May 29 (Korea Bizwire) — In a landmark ruling, South Korea’s Patent Court has confirmed that foreign companies selling patent-infringing products through overseas e-commerce platforms can be held accountable under Korean patent law — if their sales target domestic consumers. The ruling, handed down by the 21st Civil Division of the Patent Court, sided [...]
SEOUL, May 28 (Korea Bizwire) — Bang Si-hyuk, founder and chairman of the powerhouse K-pop entertainment company Hybe, has been under investigation over charges that he intentionally misled investors ahead of the company’s stock market debut, industry sources said Wednesday. According to the sources, the Financial Supervisory Service (FSS), the country’s financial watchdog, has been [...]