SEOUL, Mar. 8 (Korea Bizwire) – SK Hynix has successfully obtained a court injunction to prevent a former researcher from joining its rival, Micron Technology, in a case that underscores the intense competition and confidentiality concerns within the semiconductor industry. The Seoul Central District Court ruled in favor of SK Hynix on February 29, imposing [...]
WASHINGTON, Mar. 7 (Korea Bizwire) — A court in the Balkan country of Montenegro ruled Thursday that disgraced crypto entrepreneur Do Kwon should be extradited to his home country, South Korea, according to the Associated Press. The High Court’s ruling on the co-founder of the cryptocurrency firm Terraform Labs came days after an appeals court [...]
WASHINGTON, Mar. 6 (Korea Bizwire) — A South Korean national has been indicted in an alleged bid-rigging conspiracy and scheme to defraud the United States in connection with operation and maintenance work for U.S. military installations in Korea, the Justice Department said Wednesday. In a press release, the department announced the indictment charging the person, [...]
SEOUL, March 4 (Korea Bizwire) – The Constitutional Court has ruled that a law restricting the workweek to a 52-hour maximum is in line with the highest law because it is designed to protect the health and safety of workers. In a unanimous decision Thursday last week, the court said the Labor Standards Act specifying [...]
SEOUL, Feb. 29 (Korea Bizwire) – After 37 years, South Korea’s prohibition against the early disclosure of fetal sex, a measure initially implemented to combat gender-biased abortions fueled by a preference for sons, has been rescinded by the Constitutional Court. The court, on a pivotal day, declared the section of the medical law that barred medical [...]
SEOUL, Feb. 26 (Korea Bizwire) – In a recent ruling, the Seoul Administrative Court dismissed the argument of an electronic cigarette liquid importer, Company A, that its product should not be classified as tobacco because it was extracted from the stem, not the leaves, of the tobacco plant. The importer had been importing e-cigarette liquid made [...]
SEOUL, Feb. 23 (Korea Bizwire) – Samsung Electronics is currently embroiled in a legal battle over allegations that the Game Optimizing Service (GOS) featured in its Galaxy S22 series has led to performance degradation. The controversy has sparked a collective lawsuit from consumers, who claim that Samsung’s lack of transparency regarding the GOS function misled them [...]
SEOUL, Feb. 20 (Korea Bizwire) – The bereaved family of a South Korean victim of Japan’s wartime forced labor on Tuesday received compensation from Hitachi Zosen Corp. in accordance with a Supreme Court ruling, marking the first such acceptance from a Japanese company. The family withdrew 60 million won (US$44,830) from the Seoul Central District [...]
GWANGJU, Feb. 15 (Korea Bizwire) — A group of South Korean victims of Japan’s wartime forced labor won another damages suit against a Japanese company Thursday. The Gwangju District Court in the southwestern city of Gwangju ruled in favor of 15 bereaved families of 11 South Korean forced labor victims in the litigation against Mitsubishi [...]
SEOUL, Feb. 14 (Korea Bizwire) – An appellate court on Wednesday upheld parts of a damage lawsuit brought by residents of Yongin over a controversial light rail system that they argue has cost the city hundreds of millions of dollars in losses. The Seoul High Court ruled the current mayor of Yongin, south of Seoul, [...]