SEOUL, Aug. 23 (Korea Bizwire) – In the wake of heightened safety concerns, partly sparked by an incident involving Suga, a member of the K-pop group BTS, South Korean lawmakers are pushing for stricter regulations on the use of personal mobility devices (PMDs) such as electric scooters and kickboards. Several bills have been introduced in the [...]
SEOUL, Aug. 13 (Korea Bizwire) — A Supreme Court panel has revised sentencing guidelines to allow punishments as severe as life imprisonment for those convicted of organized fraud, such as home rental and voice phishing schemes, officials said Tuesday. The Supreme Court’s sentencing committee made the revision during its plenary meeting the previous day, toughening [...]
SEOUL, Aug. 12 (Korea Bizwire) – South Korea’s Fair Trade Commission (FTC) has taken action against four major K-pop merchandise retailers for unfair business practices, highlighting growing concerns over consumer rights in the booming idol goods market. The FTC announced on August 11 that it would issue corrective orders and impose fines totaling 10.5 million won [...]
SEOUL, Aug. 12 (Korea Bizwire) — Over half of foreign companies operating in South Korea expect a contentious pro-labor bill being pushed forward by opposition parties will negatively impact their businesses here, a survey showed Monday. In the survey conducted by Mono Research on 100 foreign companies with over 100 employees from July 26 to [...]
SEOUL, Aug. 5 (Korea Bizwire) – South Korea’s Supreme Court has ruled that the Korea Institute for Curriculum and Evaluation (KICE) violated copyright law by posting exam questions containing literary and artistic works on its website without proper compensation. The court’s decision, made by the Third Division under Justice Noh Jeong-hee, upholds a lower court’s partial [...]
SEOUL, Aug. 4 (Korea Bizwire) – Nearly 2,500 cases of prohibited items, including live ammunition and Tasers, have been detected during security checks at South Korean airports over the past 4 1/2 years, data showed Sunday. The Korea Airports Corp., which operates 14 international and domestic airports nationwide, and the Incheon International Airport Corp., the [...]
ROME, Aug. 1 (Korea Bizwire) — A Montenegrin appeals court ruled Thursday that South Korean crypto entrepreneur Do Kwon should be extradited to his home country, a decision that allows for him to face trial back home over a massive crypto crash. The appeals court announced on its web page that it finalized the Podgorica [...]
SEOUL, Jul. 31 (Korea Bizwire) — An attempt by victims of Japan’s wartime sexual slavery to collect court-ordered compensation from the Japanese government has fallen through as Tokyo refused to submit a list of its assets in South Korea. The case involves several Korean victims of Japan’s sexual enslavement during World War II, who won [...]
SEOUL, July 25 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has ruled that drivers for the ride-hailing service Tada should be considered employees under labor law, potentially reshaping the gig economy landscape in the country. The court’s ruling, announced on July 25, applied traditional employment criteria to determine the status of workers [...]
SEOUL, July 25 (Korea Bizwire) – The government will push to reduce inheritance tax to reflect decades of changes in asset values and inflation, and to provide a tax credit for marriage and childbirth in an effort to boost the ultra-low birth rate, the finance ministry said Thursday. They are part of a tax code [...]