SEOUL, Aug. 18 (Korea Bizwire) – Owners of several large companies in South Korea received handsome compensation in the first half of the year despite corporate troubles, data showed Thursday, sparking criticism over their high pay. According to the data compiled by market researcher Chaebul.com, 237 executives of local companies received 500 million won (US$452,000) [...]
SEOUL, Aug. 9 (Korea Bizwire) – Oxy Reckitt Benckiser (RB) may have finalized its toxic humidifier sterilizer compensation plan, but victims and their families are still not convinced. Instead, they’re criticizing the company for applying a double standard to the compensatory measures. “Oxy RB is the biggest aggressor in the toxic sterilizer tragedy. It concealed [...]
SEOUL, Nov. 24 (Korea Bizwire) – German auto giant Volkswagen is not responding to South Korean customers demanding the same kind of compensation as granted in North America for fabricating emission results of some of its vehicles, their legal representatives said Tuesday. Barun, which spearheads a class-action lawsuit against Volkswagen and its luxury brand Audi [...]
SUWON, Nov.10 (Korea Bizwire) – The number of accidents caused by foreigners driving without a valid driver’s license has been increasing rapidly. However, since there is no way for Koreans to receive compensation when a foreign driver without a license causes an accident, there is increasing pressure for legal countermeasures to be introduced. According to [...]
Seoul, July 22 (Korea Bizwire) - ‘A’, a woman in her 30s, heard some disturbing news from her friends in May 2013. ‘A’ had been going to the annual Boryeong Mud Festival for the previous three years, and her friends told her that her picture was on a poster promoting the festival that featured prominently on [...]
GWANGJU, Jun. 24 (Korea Bizwire) – An appeals court ordered a Japanese firm Wednesday to compensate five South Koreans for forcing them into labor decades ago when Korea was under Japan’s colonial rule. In 2012, they filed a lawsuit against Mitsubishi Heavy Industries Ltd., demanding compensation for their forced labor during the 1910-45 colonial rule. [...]
SEOUL, Apr. 24 (Korea Bizwire) — Family members working in a family business also have the right to be compensated for an occupational hazard, according to a case ruled on by the Korea Workers’ Compensation and Welfare Service (COMWEL) Busan Agency. The COMWEL said on April 22 that a man who has been working in [...]