SEOUL, June 15 (Korea Bizwire) – A recent survey has showed that 9 out of 10 Korean lawyers support a revision of the Korean legal system to allow for the implementation of punitive damages. Punitive damages refer to a policy in which defendants are obliged to pay a greater amount of damages when general compensatory damages [...]
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 [...]
Seoul, July 15 (Korea Bizwire) – It has been pointed out that there are no standardized guidelines or regulations regarding ‘Animal Cafes’, which have recently been growing in popularity. On July 14, Korea Animal Rights Advocates (KARA) hosted a policy debate at the National Assembly Member’s Office with congresswoman Eun-Soo-mi, and congressman Kim Seung-nam of the [...]