SEOUL, Dec. 18 (Korea Bizwire) – Nexon and Ironmace, embroiled in a three-year legal battle over the copyright of Dark and Darker, faced off during the first witness hearings at the Seoul Central District Court on December 17. The proceedings centered on the development history of Nexon’s shelved Project P3 and its alleged similarities to [...]
SEOUL, Dec. 12 (Korea Bizwire) — President Yoon Suk Yeol on Thursday defended his botched martial law declaration as an act of governance and denied insurrection charges facing him, while vowing to fight until the last moment against whether it is impeachment or a martial law probe. In a televised public address, Yoon said sending [...]
GWANGJU, Dec. 12 (Korea Bizwire) – A group of South Korean citizens has announced plans to file a class-action lawsuit against President Yoon Suk-yeol, seeking compensation for mental distress caused by the controversial “December 3 Martial Law Incident.” The lawsuit, organized by the group “Preparatory Committee for Compensation Claims Against Yoon Suk-yeol’s Acts of Treason,” [...]
SEOUL, Dec. 11 (Korea Bizwire) – In a landmark ruling, South Korea’s Supreme Court has determined that allowances paid to nurses and clinical pathologists for “on-call duty” can only be considered part of their regular wages if they can prove they were under the hospital’s direct supervision and control during that time. The decision overturns [...]
SEOUL, Dec. 10 (Korea Bizwire) — Cho Ji-ho, commissioner general of the Korean National Police Agency, and two other top police officials have been banned from leaving the country in connection with the ongoing police investigation into President Yoon Suk Yeol’s short-lived declaration of martial law last week, the National Office of Investigation (NOI) said [...]
SUWON, Dec. 4 (Korea Bizwire) – A South Korean appeals court has upheld a fine against a YouTuber who was charged with defaming another content creator during a livestream that had only one viewer, establishing that public exposure can exist even with minimal viewership. The Suwon High Court’s Criminal Division 2-1 rejected an appeal on December [...]
SEOUL, Dec. 4 (Korea Bizwire) – SK Bioscience has prevailed in an appellate court ruling against Pfizer’s subsidiary, Wyeth LLC, in a patent infringement lawsuit concerning the export of pneumococcal vaccine components to Russia. The Patent Court of Korea overturned a lower court decision, ruling that SK Bioscience’s supply of the 13-valent pneumococcal conjugate vaccine [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korean authorities have apprehended 39 individuals in a sweeping raid on a foreigners-only club in Suwon, suspected of drug trafficking and employing undocumented workers, the police announced on November 2. The raid, conducted by the Suwon West Police and Suwon Immigration Office, targeted a club catering exclusively to Vietnamese [...]
SEOUL, Nov. 28 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has upheld a lower court ruling requiring Nexon Korea to partially refund players who were affected by falsely advertised probability rates for in-game items. The Supreme Court’s Third Division rejected Nexon’s appeal on November 28, finalizing a ruling that orders the company [...]
SEOUL, Nov. 27 (Korea Bizwire) – Korea’s financial investment sector will issue an urgent statement advocating for an amendment to the Commercial Act, extending directors’ fiduciary duty beyond companies to their shareholders. The statement, orchestrated by the Korea Corporate Governance Forum, will be unveiled on November 28 at the Press Center in Seoul. This move comes [...]