SEOUL, Dec. 27 (Korea Bizwire) — A lawsuit filed by several South Korean victims of Japan’s wartime sexual slavery over a 2015 agreement between the two countries was settled Thursday in a court arbitration in which the government in Seoul agreed to deny the deal’s validity and vowed continued efforts to help regain the victims’ [...]
SEOUL, Dec. 9 (Korea Bizwire) — Daijin Bed Co., a South Korean mattress maker, has refused to accept the local consumer agency’s call for it to compensate victims of products that contained a harmful radioactive substance, officials of the agency said Sunday. Late last month, the company told the Korea Consumer Agency (KCA) that it [...]
SEOUL, Jul. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. lost in an international arbitration case over a rig spat, industry sources said Wednesday. In 2011, the major South Korean shipyard clinched a deal to build four semisubmersible drilling rigs for Songa Offshore SE of Norway. The South Korean rig builder launched the [...]
SEOUL, Mar. 27 (Korea Bizwire) — The Seoul Metropolitan Government is taking action on the problem of so-called environmental disputes which include floor noise, odor or water leak, most common types of civil complaints among Seoulites who are more likely to live in densely populated residential buildings such as apartments. Last week, the Seoul government announced revisions to [...]
SEOUL, August 3 (Korea Bizwire) – Korean laws and regulations have been modified to introduce the possibility of arbitration as a dispute resolution mechanism. Unlike advanced countries where arbitration is practiced in general, arbitration in Korea was previously limited to private disputes. The Department of Justice is planning to announce legislation that will modify the arbitration [...]