SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s Supreme Court has ruled for the first time that a person can be criminally punished for possessing or transferring a package they believe contains illegal drugs, even if the package in fact contains no narcotics. The decision broadens the scope of liability under the country’s narcotics laws and [...]
SEOUL, Nov. 24 (Korea Bizwire) — A long-running controversy over price-gouging at Seoul’s iconic Gwangjang Market has escalated into a legal battle, as brick-and-mortar shop owners move to sue street vendors for damages, arguing that repeated scandals have driven customers away and caused significant financial harm. According to interviews conducted by Yonhap News Agency, the Gwangjang [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean police have ruled that actress Nana, formerly of the K-pop group After School, and her mother acted in legitimate self-defense when they overpowered an armed intruder who broke into their home in Guri, northeast of Seoul. The Guri Police Department said on Saturday that the suspect, a man [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s Supreme Court has overturned a lower-court ruling that sided with Philips Korea in a high-profile dispute over transfer pricing taxes, sending the case back to an appellate court for further review. In a decision disclosed Wednesday, the court reversed a ruling that had canceled most of the 90.5 [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea has secured a decisive victory in its protracted legal war with Lone Star Funds, closing a contentious chapter that has shaped the country’s financial and political landscape for more than two decades. The U.S. private equity firm—long criticized in Korea as a predatory “vulture fund”—first entered the market [...]
SEOUL, Nov. 18 (Korea Bizwire) — A South Korean court has dismissed a damages suit filed by a patient who alleged that a university hospital was responsible for a bile duct injury sustained during gallbladder surgery, ruling that the complication did not constitute medical negligence. In a decision released Sunday, Judge Han Jong-hwan of the [...]
CHEONGJU, Nov. 18 (Korea Bizwire) — A local tax office in Cheongju has won a rare legal victory against a high-value delinquent taxpayer who hid his income under his spouse’s name to avoid wage seizure, city officials said Monday. The ruling is expected to strengthen municipal efforts to crack down on sophisticated tax-evasion schemes. According [...]
SEOUL, Nov. 14 (Korea Bizwire) — A South Korean appeals court has sided with game developer NCSOFT in a lawsuit filed by a Lineage M player who refused to share valuable in-game items obtained through joint play, ruling that the company’s action to confiscate the items and suspend the user’s account was justified. The Seoul High [...]
SEOUL, Nov. 13 (Korea Bizwire) — A South Korean court has ordered Incheon’s Yeonsu District Office to refund taxes to POSCO Wide, ruling that the district wrongly included the value of a golf course’s business rights in its property tax calculation. The Incheon District Court’s Administrative Division 2 ruled in favor of POSCO Wide, which owns [...]
CHEONGJU, Nov. 13 (Korea Bizwire) — A South Korean court has ruled that a restaurant owner is legally responsible for burns suffered by a customer after an employee accidentally spilled hot soup, affirming the principle of employer liability for workplace accidents. The Cheongju District Court ordered the restaurant owner, identified as B, to pay 36 million [...]