SEOUL, Jan. 10 (Korea Bizwire) — Roh So-young, the estranged wife of SK Group Chairman Chey Tae-won, is said to have virtually doubled her claim for alimony and division of Chey’s wealth in their ongoing divorce appellate trial to over 2 trillion won (US$1.5 billion), judicial officials said Wednesday. Chey, who runs South Korea’s second-largest [...]
SEOUL, May 29 (Korea Bizwire) — A majority of smokers in South Korea believe that compensation aids in smoking cessation, with many expressing a preference for monetary compensation, a report showed Sunday. According to the report published by the Korean Society for Research on Nicotine and Tobacco, 69.3 percent of smokers believed that providing compensation [...]
SEOUL, April 28 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday it will compensate more than 4 million customers for a network disruption caused by distributed denial-of-service (DDoS) attacks earlier this year. The company’s network had suffered partial disconnections for a combined five times on Jan. 29 and Feb. [...]
SEOUL, Feb. 10 (Korea Bizwire) — Seoul’s central district of Yongsan will launch a compensation program for those who pick up cigarette butts tossed on the street, officials said Thursday. Under this program, the Yongsan Ward office will issue compensation depending on the weight of the cigarette butts collected. The amount of compensation is set [...]
SEOUL, Nov. 2 (Korea Bizwire) — The Yongsan Ward office began Wednesday to receive applications for disaster relief funds from families of foreign victims killed in the Itaewon crowd crush, officials said. The South Korean government is providing 20 million won (US$14,102) in relief assistance to victims, both Koreans and foreigners, of the Oct. 29 [...]
SEOUL, March 16 (Korea Bizwire) — Sickness and death caused by workplace harassment will become eligible for compensation under the Accident Compensation Act for Public Servants. The Ministry of Personnel Management announced that the revision of the Accident Compensation Act for Public Servants passed the Cabinet meeting on Tuesday, setting a legal foundation for compensation [...]
SEOUL, Jan. 11 (Korea Bizwire) — Samsung Electronics Co. plans to expand the range of trade-in benefits (compensation for used products) from smartphones towards the entire spectrum of Galaxy products, including smartwatches and notebook PCs. The tech giant expanded the scope of the trade-in program that it has implemented for the Galaxy Book Pro laptop, [...]
JEJU, Oct. 1 (Korea Bizwire) — The municipality of the southern resort island of Jeju will introduce a compensation system to promote the use of overproduced and wasted renewable energy for electric vehicle (EV) charging. The the Jeju provincial government on Thursday signed a business agreement with the state-run energy firm Korea Electric Power Corp. [...]
SEOUL, Sept. 26 (Korea Bizwire) — A Seoul district court has ruled Samsung Securities Co. must compensate investors for half of their damages incurred due to a 2018 dividend error by an accidental stock issuance, judicial sources said Sunday. The Seoul Central District Court recently ruled partially in favor of three investors who filed damages [...]
SEOUL, July 1 (Korea Bizwire) — The National Assembly cleared the way for the government to pay compensation in cases when injury or a loss of life occurs due to road debris or objects falling from cars. In addition, for accidents caused by drunk, unlicensed or hit-and-run drivers, insurance companies are now allowed to exercise [...]