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Former LG Display Team Leader Sentenced for Attempted Leak of Core AMOLED Technology

Former LG Display Team Leader Sentenced for Attempted Leak of Core AMOLED Technology

SEOUL, Jun. 11 (Korea Bizwire) – A former team leader at LG Display has received a final prison sentence for attempting to leak the company’s core technologies, including AMOLED display technology, to a Chinese competitor.  The Supreme Court’s Second Division upheld the original ruling of one year and six months in prison and a fine of [...]

South Korea to Impose Swift Penalties on Parents Defying Child Support Orders

South Korea to Impose Swift Penalties on Parents Defying Child Support Orders

SEOUL, Jun. 10 (Korea Bizwire) – South Korea is set to introduce swifter penalties for non-custodial parents who defy court orders to pay child support, including travel bans and driver’s license suspensions if the amount in arrears is over 30 million won or they are delinquent on more than three payments. The Ministry of Gender Equality [...]

Myongji University’s Unique Go Department Faces Closure Amid Legal Battle

Myongji University’s Unique Go Department Faces Closure Amid Legal Battle

SEOUL, Jun. 10 (Korea Bizwire) – In a legal dispute surrounding the planned closure of Myongji University’s Go department, the only such program in the world, a court has rejected a request by professors and students to suspend the university’s admission plan that would discontinue new student enrollment.  According to legal circles, the Seoul Southern District [...]

Yoon Heads to Central Asia for ‘Sales Diplomacy’ Push

Yoon Heads to Central Asia for ‘Sales Diplomacy’ Push

SEOUL, Jun. 10 (Korea Bizwire) — After hosting an inaugural summit with 48 African nations last week, President Yoon Suk Yeol is now heading to Central Asia for another round of “sales diplomacy” aimed at enhancing economic partnerships with resource-rich nations. Yoon kicked off a weeklong trip to Turkmenistan, Kazakhstan and Uzbekistan on Monday for [...]

S. Korea Completes Development of New Coastal Surveillance Radar System

S. Korea Completes Development of New Coastal Surveillance Radar System

SEOUL, Jun. 10 (Korea Bizwire) — South Korea has completed the development of a high-tech radar system expected to bolster the military’s surveillance capabilities along the coastline, the state arms procurement agency said Monday. The GPS-240K, which was developed to replace the existing radar system that had been in operation for more than 25 years, [...]

U.S. Could Outstrip China as Top Export Destination for S. Korea for 1st Time in 22 Years

U.S. Could Outstrip China as Top Export Destination for S. Korea for 1st Time in 22 Years

SEOUL, Jun. 10 (Korea Bizwire) — South Korea’s exports to the United States exceeded those to China so far this year, data showed Monday, raising the possibility that the U.S. could be the top export destination for South Korea for the first time in 22 years. Outbound shipments to the U.S. amounted to $53.3 billion [...]

Gov’t Orders Community Doctors to Keep Providing Medical Care after They Vote to Strike

Gov’t Orders Community Doctors to Keep Providing Medical Care after They Vote to Strike

SEOUL, Jun. 10 (Korea Bizwire) — Health Minister Cho Kyoo-hong said Monday the government ordered community doctors to keep providing medical treatment and report to authorities when they close their businesses, after the doctors voted to stage a strike in protest of the government’s medical reform. Cho issued the order a day after the Korean [...]