SEOUL, Nov. 18 (Korea Bizwire) — Prosecutors questioned a former chairman of a major South Korean dairy company Monday as part of an investigation into allegations he embezzled company funds for personal use. Hong Won-sik, former chairman of Namyang Dairy Products Co., underwent the questioning at the Seoul Central District Prosecutors Office, officials said. Hong [...]
SEOUL, Nov. 11 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s dominant mobile messenger, has filed an administrative lawsuit against a government fine of15.1 billion won (US$11 million) over the leaking of personal information on a large scale, according to sources Monday. The Personal Information Protection Commission, the government’s personal information watchdog, ordered [...]
SEOUL, Nov. 11 (Korea Bizwire) – Pizza Hut Korea Ltd., the South Korean operator of the namesake American pizza franchise, on Monday received approval from a court to proceed with an autonomous restructuring support (ARS) plan, putting on hold court-mandated rehabilitation proceedings after losing a lawsuit brought by store owners. The Seoul Bankruptcy Court said [...]
SEOUL, Nov. 8 (Korea Bizwire) – A Chinese national and former SK Hynix employee has been sentenced to 18 months in prison and fined 20 million won for misappropriating critical semiconductor technology before taking a position at Huawei. The Yeoju branch of the Suwon District Court found the 36-year-old female defendant guilty of violating South Korea’s [...]
SEOUL, Nov. 6 (Korea Bizwire) – Pizza Hut Korea filed for court receivership after being ordered to pay billions of won in damages following a lawsuit by franchise owners, marking a significant downturn for the once-prominent pizza chain in South Korea. The company submitted its application for bankruptcy protection to the Seoul Bankruptcy Court on November [...]
SEOUL, Nov. 2 (Korea Bizwire) – The Supreme Court upheld a ruling that ordered a pastor to pay a fine of 500,000 won (US$362.52) for exposing and denouncing the sexual orientation of an individual without consent, judicial officials said Friday. The church pastor, surnamed Seo, was indicted on defamation charges for revealing that the victim, [...]
SEOUL, Oct. 30 (Korea Bizwire) – A South Korean court has ruled that redesigning luxury products without permission constitutes trademark infringement, dealing a blow to the growing fashion upcycling industry. The Patent Court of Korea upheld a lower court’s decision against a craftsman who reconstructed Louis Vuitton bags into new designs, ordering him to pay 15 [...]
SEOUL, Oct. 28 (Korea Bizwire) – Police said Monday they are intensively cracking down on the sale and wearing of police officer costumes during the Halloween celebrations. The police have been strengthening online monitoring to prevent the indiscriminate distribution and use of fake police uniforms and equipment since last Friday, the Korean National Police Agency [...]
SEOUL, Oct. 24 (Korea Bizwire) — A Seoul court on Thursday issued an additional suspended prison sentence for former professional baseball player Oh Jae-won on charges of receiving methylamphetamine from his acquaintance. Oh was indicted in May for receiving some 0.2 grams of methylamphetamine from his acquaintance in November last year. It was in addition [...]
SEOUL, Oct. 24 (Korea Bizwire) — The antitrust regulator said Thursday it has decided to fine Papa John’s Korea 1.48 billion won (US$1.07 million) for unfair business practices against franchise shops. The pizza restaurant chain had allegedly designated 15 kinds of cleaning products, including hand soaps, as must-buy items from the headquarters and forced franchise [...]