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Elliott Lodges US$770 mln Suit Against S. Korea over Samsung Merger

Elliott Lodges US$770 mln Suit Against S. Korea over Samsung Merger

SEOUL, Jul. 13 (Korea Bizwire) — U.S. activist fund Elliott Associates has filed an investor-state dispute (ISD) suit against the South Korean government seeking compensation for its losses from a 2015 merger of two Samsung units, Seoul’s justice ministry said Friday. The notice of arbitration lodged by the American firm comes three months after Elliot [...]

Porsche Dealers File Lawsuit After Emissions Controversy

Porsche Dealers File Lawsuit After Emissions Controversy

SEOUL, Jul. 3 (Korea Bizwire) — Car dealers working for Porsche Korea have filed for damages against their employer, as the scandal involving the doctoring of emissions results left them unable to sell the vehicles. Porsche officials were charged with falsifying results to help cars meet Korea’s environmental standards. This is the first time that [...]

Samsung, Apple Reach Settlement over Design Dispute

Samsung, Apple Reach Settlement over Design Dispute

SEOUL, Jun. 28 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has reached an agreement with Apple Inc. to settle the latest legal dispute surrounding alleged smartphone design infringement “We cannot provide any details other than that we reached an agreement with Apple,” a source from Samsung Electronics said. Samsung refrained from disclosing other [...]

S. Korean Law Firm Representing 63,767 iPhone Users Sues Apple

S. Korean Law Firm Representing 63,767 iPhone Users Sues Apple

SEOUL, Mar. 30 (Korea Bizwire) — A South Korean law firm representing more than 60,000 consumers filed a lawsuit against U.S. tech giant Apple Inc. and its local branch for intentionally slowing down older iPhones. Hannuri Law said it filed the suit at the Seoul Central District Court on behalf of 63,767 iPhone users. It [...]

Consumer Group to File 1st Local Lawsuit Against Apple over iPhone Slowdown

Consumer Group to File 1st Local Lawsuit Against Apple over iPhone Slowdown

SEOUL, Jan. 10 (Korea Bizwire) — A consumer activist group said Wednesday it will file for a compensation suit with a Seoul court this week against Apple Inc. and its local headquarters for a reward of 2.2 million won (US$2,056) per plaintiff. The Citizens United for Consumer Sovereignty (CUCS) is expected to file the suit [...]