SEOUL, June 26 (Korea Bizwire) — South Korea’s antitrust regulator said it plans to propose a new bill to prevent online platforms such as open markets and delivery apps from committing so-called “gapjil” or abuse of power to the companies that sell their products or services on these sites. The Fair Trade Commission (FTC) is [...]
SEOUL, April 18 (Korea Bizwire) — Korean Air has come under fire yet again, as heiress Cho Hyun-min stands accused of throwing a violent tantrum and hurling verbal abuse (and perhaps some water) during a meeting with an ad agency. Cho, the Korean Air senior vice president, is a younger sister of Cho Hyun-ah, the infamous [...]
SEOUL, Jul. 17 (Korea Bizwire) — As CEOs of South Korean companies continue to attract the ire of the public after a steady stream of abuse of power scandals, an increasing number of small shareholders who have suffered financially from the careless actions of the business owners are expressing frustration. Jung Woo-hyun, the former CEO [...]
SEOUL, April 5 (Korea Bizwire) – South Korea’s Supreme Court on Tuesday ordered the state to pay compensation to a suspect for forcing him to wear handcuffs and be tied with a rope during questioning by a prosecutor. The ruling came after Lee Young-chun, a former head of the militant Korean Confederation of Trade Unions’ regional chapter in Goyang and Paju, north of Seoul, launched a lawsuit in May 2015, claiming he was forced to wear handcuffs and be [...]