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 [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korea’s government is facing another investor-state dispute (ISD) lawsuit from a U.S. fund over a controversial merger of two Samsung Group companies in 2015. The Ministry of Justice said in a release on Tuesday that it has received a notice of intent from Mason Capital Management, seeking US$175 [...]
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 [...]
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 [...]
SEOUL, May 25 (Korea Bizwire) — Samsung Electronics Co. on Friday expressed discontent against the decision made by the U.S. court, which ordered the company to pay its archrival Apple Inc. US$539 million for design infringement. “Today’s decision flies in the face of a unanimous Supreme Court ruling in favor of Samsung on the scope [...]
SEOUL, May 17 (Korea Bizwire) — Having been fined in March for slowing user connections in 2016 and 2017, Facebook, the world’s largest social media website, has hit back by filing a lawsuit asking for “restrictions to be lifted on the order” on Sunday, according to sources familiar with the situation. The company has also [...]
SEOUL, May 2 (Korea Bizwire) — U.S. investor Elliott Associates said Wednesday that it is taking legal action against the South Korean government over its alleged unlawful intervention in the controversial merger of two Samsung units in 2015. Confirming news reports on the matter that cited judicial sources, Elliott said in a release that it [...]
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 [...]
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 [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korean chemicals maker Kumho Petrochemical Co. has filed a lawsuit against the U.S. government over the imposition of high anti-dumping duties on its synthetic rubber product, industry sources said Monday. In July, the U.S. Department of Commerce slapped anti-dumping duties of 44.3 percent on emulsion styrene butadiene rubber [...]