SEOUL, Dec. 19 (Korea Bizwire) — Benefits for working parents taking a leave of absence to take care of their babies will be increased to a maximum of 39 million won (US$29,981) per couple next year, the labor ministry said Tuesday. The Cabinet approved a revised Employment Insurance Act, reflecting expanded parental benefits, during a [...]
SEOUL, Dec. 17 (Korea Bizwire) –Just three weeks ago, on November 29, local media reported the independent development of LPDDR5 DRAM by a Chinese semiconductor company, causing a sense of crisis. ChangXin Memory Technologies, a prominent Chinese DRAM semiconductor company, claimed to have independently developed and mass-produced LPDDR5 DRAM memory chips. If these reports hold [...]
SEOUL, Dec. 15 (Korea Bizwire) — An English teacher at a private academy has received a three-year prison term for colluding in the leaking and selling of SAT test papers to overseas students, court records showed Friday. The Supreme Court finalized the prison sentence for the academy teacher in Seoul’s Gangnam district surnamed Song, for [...]
SEOUL, Dec. 13 (Korea Bizwire) — Police officers will be granted greater authority during disasters reported to the police’s 112 emergency call center, the Korean National Police Agency (KNPA) said Wednesday, as the legal basis for the hotline service has been established by parliamentary legislation. According to the KNPA, the National Assembly passed the law [...]
SEOUL, Dec. 12 (Korea Bizwire) – A road maintenance company has been sanctioned by the Supreme Court for compelling parents of young children to work early morning and holiday shifts and subsequently refusing to retain them when they resisted compliance. The ruling declares that the company failed to fulfill its duty of consideration under the Equal [...]
SEOUL, Dec. 9 (Korea Bizwire) – A recent court victory for South Korean victims of Japan’s wartime sexual slavery was confirmed Saturday after Japan decided not to appeal the earlier ruling, sources said. On Nov. 23, the Seoul High Courthad overturned a lower court’s rejection of a damages suit filed by “comfort women” and ordered [...]
SEOUL, Dec. 6 (Korea Bizwire) – An appellate court on Wednesday ordered Apple Inc. to pay 70,000 won (US$53.30) in compensation to each of seven South Korean iPhone users for intentionally slowing the performance of their devices after software updates, partially overturning contrary rulings by lower courts. The Seoul High Court said Apple is responsible [...]
SEOUL, Dec. 1 (Korea Bizwire) – The Seoul High court on Friday ordered the government to reverse its decision to revoke the license of a North Korean defectors’ group for sending anti-Pyongyang propaganda leaflets over to the North. The court ruling came after the unification ministry revoked the license of Fighters for a Free North [...]
SEOUL, Nov. 28 (Korea Bizwire) – A South Korean court is set to implement a novel system wherein external experts will play a mediating role in the autonomous restructuring of companies. As per information from legal circles, the Seoul Bankruptcy Court is gearing up to unveil an enhanced ‘Autonomous Restructuring Support’ (ARS) program next month following [...]
SEOUL, Nov. 27 (Korea Bizwire) – Two Taiwanese display makers have been ordered to pay a combined 32.8 billion won (US$25.1 million) in damages to LG Electronics Inc. for fixing the prices of LCD panels, sources said Monday. The Seoul Central District Court recently delivered the ruling in a compensation suit filed by LG and [...]