SEOUL, Apr. 4 (Korea Bizwire) — Four more victims of wartime forced labor and several other surviving families filed damage suits with a South Korean court Thursday against Japanese companies, the first to be added since the Supreme Court rulings in favor of the victims. The fresh eight cases come with claims by a total [...]
SEOUL, Feb. 28 (Korea Bizwire) — The Korea Tourism Organization (KTO) announced on Wednesday that when it surveyed Japanese members of its Facebook page, ‘magic’ beoseon’ was chosen as the number one must-have item from traditional markets, accounting for 10.3 percent of all responses. Next in line was socks at 9.3 percent, followed by taste [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korean duty-free stores saw their sales from Japanese consumers rise sharply on-year in January despite the on-going military tension between the two countries, apparently on the back of the strong Japanese yen, industry sources said Sunday. Sales from Japanese consumers at a Lotte Duty Free shop in Seoul’s [...]
SEOUL, Jan. 2 (Korea Bizwire) — Victims of Japan’s wartime forced labor have filed for an asset seizure against Nippon Steel & Sumitomo Metal Corp. (NSSM) as the Japanese firm has not carried out the top court’s order to compensate them. A legal counsel representing the four victims and their descendants has recently asked a [...]
SEOUL, Nov. 2 (Korea Bizwire) – The Japanese government has been blamed for trying to downplay the role of Japanese companies that forced Koreans to work in their factories during the colonial era. The Japanese government has recently abandoned the use of the term “forced laborers”, favoring instead “laborers from the Korean Peninsula.” Experts say [...]
SEOUL, Sept. 14 (Korea Bizwire) – A Japanese industrial parts maker and its local sales subsidiary were indicted here on price collusion charges against major South Korean electronics firms, prosecutors said Sunday. Japan-based Minebea Co. and its Korean unit are accused of colluding with another Japanese firm in fixing the price of small bearing products supplied to Samsung Electronics Co. and LG Electronics [...]
SEOUL, Aug. 3 (Korea Bizwire) — Shin Dong-bin, the younger son and heir apparent of Lotte Group founder Shin Kyuk-ho, pledged Monday to do his best to resolve a bitter family conflict over control of the retail empire whose business spans from amusement parks and hotels to department stores in South Korea and Japan. “It [...]