SEOUL, Feb. 21 (Korea Bizwire) — A court has ruled in favor of Coupang Play in its legal dispute with Lotte Culture Works over the latter’s decision to provide a director’s version of a local movie to Netflix despite an exclusive supply contract with Coupang Play. The Seoul Central District Court on Jan. 23 ordered [...]
SEOUL, Feb. 20 (Korea Bizwire) — Impeached President Yoon Suk Yeol was set to attend the first preliminary hearing of his criminal trial Thursday on charges of leading an insurrection, making him the nation’s first sitting president to stand criminal trial. With his impeachment trial at the Constitutional Court nearing its final stage, the preliminary [...]
SEOUL, Feb. 18 (Korea Bizwire) — A South Korean court has ordered Iron Mace, a startup game developer, to pay 8.5 billion won to gaming giant Nexon in a trade secrets case that hinged on whether game design concepts and rules developed at a company constitute protected business secrets. The Seoul Central District Court ruled on [...]
SEOUL, Feb. 18 (Korea Bizwire) – The Constitutional Court is set to hold the ninth hearing of President Yoon Suk Yeol’s impeachment trial Tuesday as deliberations have entered their final phase. During the hearing at 2 p.m., the legal representatives of Yoon and the National Assembly are each set to present a summary of their [...]
SEOUL, Feb. 17 (Korea Bizwire) — A South Korean court has acquitted a surgeon of medical negligence in the death of a Hong Kong woman during a liposuction procedure, citing a lack of definitive causation. However, the court imposed a fine for unlawfully attracting foreign patients without proper registration. The Seoul Central District Court on Monday [...]
SEOUL, Feb. 17 (Korea Bizwire) — Five years after the implementation of South Korea’s 52-hour workweek, three out of four corporate research divisions report declining research and development (R&D) performance, according to a new survey. The findings, released on February 16 by the Korea Chamber of Commerce and Industry (KCCI) in collaboration with the Korea Industrial [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korean mobility platform Tada has filed a lawsuit against Kakao Mobility, accusing the industry giant of unfair business practices that allegedly restricted competition and harmed Tada’s operations. According to the information and communications technology (ICT) sector on February 16, Tada’s parent company, VCNC, filed the damages suit last month [...]
SEOUL, Feb. 13 (Korea Bizwire) — A South Korean court has ruled that Ironmace, the developer of the online game Dark and Darker, must compensate Nexon for damages related to data misappropriation but did not violate copyright laws. On February 13, the Seoul Central District Court’s Civil Agreement Division 63, presided over by Judge Park Chan-seok, [...]
SEOUL, Feb. 12 (Korea Bizwire) – A man who killed nine people after ramming his car into pedestrians near Seoul City Hall was sentenced Wednesday to 7 1/2 years in prison without forced labor. The 69-year-old, surnamed Cha, killed nine people and injured five others in July after driving his car into a one-way road [...]
BUSAN, Feb. 10 (Korea Bizwire) — A man who attempted to rob a bank with a toy gun was apprehended within two minutes by citizens and bank staff, drawing widespread online satire that likened the incident to recent political rhetoric from President Yoon Suk Yeol. On February 10, a man in his 30s entered a [...]