SEOUL, Sept. 9 (Korea Bizwire) — Platform and special employment workers in South Korea, long excluded from basic labor protections, earn far below the legal minimum wage and face chronic job insecurity, according to a new government-backed study that is fueling calls for urgent reform. A report by the Korea Labor Institute estimated that about [...]
SEOUL, Sept. 8 (Korea Bizwire) — A decades-long tax dispute over royalties paid by South Korean companies to U.S. patent holders is heading into a critical new phase, as the nation’s Supreme Court considers whether to alter its long-standing stance that has largely exempted American firms from local taxation. At issue is whether royalties paid [...]
SEOUL, Sept. 8 (Korea Bizwire) — In a landmark ruling, South Korea’s Supreme Court has upheld the authority of domestic courts to punish foreign corporations under so-called “dual liability” provisions, affirming that overseas companies can face criminal penalties if their employees commit trade secret violations within Korea. The decision came in a case involving Everlight, a [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s judiciary is bracing for what many judges describe as the most sweeping attempt at judicial reform in decades, as the Supreme Court moves to gather the views of court leaders nationwide ahead of legislation being advanced by the ruling Democratic Party. The Supreme Court announced that it will [...]
SEOUL, Sept. 5 (Korea Bizwire) — A special counsel team said Friday it has summoned former Prime Minister Han Duck-soo to appear for questioning next week over allegations that a construction company chairman gifted a luxury necklace to former first lady Kim Keon Hee in exchange for his son-in-law’s appointment as Han’s chief of staff. [...]
SEOUL, Sept. 1 (Korea Bizwire) – Former first lady asked for the Unification Church’s cooperation in backing a specific candidate in the People Power Party’s (PPP) leadership election in March 2023, an indictment written by special counsel Min Joong-ki’s team showed Monday. The team suspects that the Unification Church sought to request various policy favors from the administration [...]
SEOUL, Sept. 1 (Korea Bizwire) — The justice ministry on Monday submitted a request to the National Assembly for its consent to detain Rep. Kweon Seong-dong of the main opposition People Power Party embroiled in bribery allegations. Last week, special counsel Min Joong-ki’s team filed for an arrest warrant for Kweon suspected of receiving 100 [...]
SEOUL, Sept. 1 (Korea Bizwire) — Former President Yoon Suk Yeol resisted a special counsel team’s attempt to execute detention warrants against him last month, according to surveillance footage reviewed by lawmakers of the ruling Democratic Party (DP) and the minor Rebuilding Korea Party on Monday. Lawmakers on the parliamentary legislation and judiciary committee, along [...]
SEOUL, Aug. 29 (Korea Bizwire) – A special counsel team on Friday indicted former first lady Kim Keon Hee on charges of corruption and bribery, making her the first spouse of a former president to stand trial under custody. Kim, the wife of ousted former President Yoon Suk Yeol, was indicted with physical detention on [...]
SEOUL, Aug. 29 (Korea Bizwire) — A special counsel team said Friday it has indicted an associate of former first lady Kim Keon Hee under detention on charges of embezzlement. Known as the “butler” of the former first lady’s family, Kim Ye-seong’s indictment came after he was placed under arrest earlier this month on charges [...]