SEOUL, July 3 (Korea Bizwire) — A special counsel team launched a raid on a mid-sized builder Thursday as part of its investigation into stock price manipulation allegations involving former first lady Kim Keon Hee. The team — led by special counsel Min Joong-ki — said in a notice to the press that the search [...]
SEOUL, July 2 (Korea Bizwire) — South Korea’s ruling and opposition parties have reached a landmark agreement to pass a long-disputed amendment to the Commercial Act that includes the so-called “3% rule,” sparking concern across the business community over heightened risks to corporate governance and investment certainty. The amendment, scheduled for a vote in the [...]
SEOUL, July 2 (Korea Bizwire) — Lim Seong-geun, former commander of the Marine Corps 1st Division, was grilled for four hours at the office of Special Prosecutor Lee Myeong-hyeon on Wednesday about allegations over the tragic death of a Marine in 2023. Lee’s team called in Lim as a suspect of occupational negligence resulting in [...]
SEOUL, July 2 (Korea Bizwire) — A special counsel team has imposed a fresh travel ban on former first lady Kim Keon Hee as part of its probe into corruption allegations surrounding her, judicial sources said Wednesday. The investigation team, led by special prosecutor Min Joong-ki, made the move after it received the case last [...]
CHEONGJU, South Korea, July 2 (Korea Bizwire) — When Mr. A lost his entire family, his dog became his sole companion — a source of comfort, connection, and continuity. So when that beloved pet was viciously attacked by a neighbor’s dog last September, the damage was more than physical. It felt deeply personal. Last week, [...]
SEOUL, July 1 (Korea Bizwire) — South Korea’s Personal Information Protection Commission (PIPC) has launched an investigation into global sandwich franchise Subway over allegations that its online ordering system left customer data exposed without proper security measures, raising renewed concerns about digital privacy across the country’s food delivery sector. According to the PIPC, Subway’s website [...]
SEOUL, June 30 (Korea Bizwire) — Telegram, once known as a haven for anonymity and untraceable messaging, is now actively cooperating with South Korean law enforcement, signaling a significant turnaround in the platform’s stance on privacy and criminal investigations. According to the National Police Agency, Telegram has responded to over 95% of investigative data requests [...]
SEOUL, June 28 (Korea Bizwire) — A South Korean internet user who left offensive comments under a news article about the nation’s first pregnant same-sex couple has avoided criminal punishment after reaching a settlement with the victims. According to legal sources, the Cheonan branch of the Daejeon District Court dismissed the criminal case against the commenter, [...]
SEOUL, June 27 (Korea Bizwire) — The special counsel investigating former President Yoon Suk Yeol’s martial law bid insisted Friday that he appear for questioning this weekend through the main entrance, not via the underground parking. Park Ji-young, a deputy to Special Prosecutor Cho Eun-suk, told reporters Yoon has repeatedly delivered his intention to use [...]
SEOUL, June 26 (Korea Bizwire) — The Supreme Court is set to deliver the final verdict on Samsung Electronics Co. Chairman Lee Jae-yong next month, as he was acquitted in both the first and second trials on charges related to a 2015 merger case, sources said Thursday. The ruling, scheduled for July 17, comes four [...]