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 [...]
SEOUL, May 27 (Korea Bizwire) — Former Prime Minister Han Duck-soo and former Deputy Prime Minister Choi Sang-mok have been banned from leaving the country as suspects in the alleged insurrection case related to former President Yoon Suk Yeol’s botched martial law attempt, police said Tuesday. The exit ban was reportedly imposed on Han and [...]
SEOUL, May 26 (Korea Bizwire) — Police have detected signs of some call records of a secure phone held by former President Yoon Suk Yeol being remotely deleted, just days after his failed martial law attempt, an official said Monday. The records of Yoon’s calls with Hong Jang-won, former first deputy director of the National [...]
SEOUL, May 26 (Korea Bizwire) – A meeting of judges nationwide ended Monday without issuing a response to the controversy surrounding presidential candidate Lee Jae-myung’s election law violation case. The extraordinary meeting of the National Council of Judges was held at the Judicial Research and Training Institute in Goyang, northwest of Seoul, with 87 to [...]
SEOUL, May 23 (Korea Bizwire) — Judge Jee Kui-youn of the Seoul Central District Court has submitted a statement to the Supreme Court explaining his position on allegations he was treated to multiple visits to an expensive hostess bar, legal sources said Friday. Jee, the presiding judge for former President Yoon Suk Yeol’s insurrection trial, [...]