SEOUL, July 7 (Korea Bizwire) — A court has ordered the South Korean government to compensate a civilian who was injured in a traffic accident caused by a U.S. soldier on duty, court officials said Tuesday. The Seoul Central District Court handed down the ruling in favor of the South Korean victim and his insurance [...]
SEOUL, Apr. 20 (Yonhap) — A local court said Monday the latest bidding for cash-strapped South Korea handset maker Pantech Co. has failed as all three bidders lacked the capability to buy the company, casting doubt over the firm’s normalization. On Friday, the bankruptcy panel of the Seoul Central District Court said three investors offered [...]
SEOUL, Apr. 17 (Korea Bizwire) — Three investors made bids Friday to buy Pantech Co., the cash-strapped South Korean smartphone maker currently under court protection, industry sources said, reviving hope that the long-pending sale would soon resume after previous attempts ended in a failure due to a lack of interest. The names of the three [...]
SEOUL, Jan. 26 (Korea Bizwire) — The Seoul Central District Court has ruled against SK Telecom‘s advertising for its tri-band LTE-A service. KT and LG Uplus filed complaints to the court on January 10 and 12 respectively, claiming that SK Telecom’s tri-band LTE-A service ads represented false advertising. The two plaintiffs filed an injunction to ban SK [...]
SEOUL, Sept. 16 (Korea Bizwire) – The National Health Insurance Service (NHIS) filed a lawsuit against Korea Tobacco & Ginseng (KT&G), Philip Morris International Korea, and British American Tobacco (BAT), claiming, “The three companies are obliged to recompense our compensatory damages paid over tobacco-related diseases like lung cancer and laryngeal cancer.” The hearing held at the Seoul [...]
SEOUL, Aug. 27 (Korea Bizwire) – A collective lawsuit was made against SK Telecom by 23 citizens, most of whom make a living by working as “replacement drivers,” or part time chauffeurs for intoxicated people usually at night, who suffered economic loss from the network service failure of the mobile carrier on March 20. The People’s Solidarity [...]
SEOUL, Aug. 5 (Korea Bizwire) – In a series of lawsuits against fund management firms to compensate losses from the investment, the court ruled in favor of the fund managers over the institutional investors. The Seoul Central District Court announced on August 3 that its civil court judges ruled against the plaintiffs including the Government [...]
SEOUL, July 15 (Korea Bizwire) – A spouse of a chairman of a large corporation lost in a lawsuit against a securities firm and a stock broker to compensate for the loss of money by the billions. The civil court judges in the Seoul Central District Court ruled on July 13 that the suit is groundless [...]
SEOUL, Korea, April 18, 2014 (Korea Bizwire) – Once a top-ten contractor, Byucksan Engineering & Construction has finally been declared “dead” after two years of a workout process. As it happens, industry officials begin talk about a crisis of the whole construction industry. That’s because there are quite many contractors under workout or court receivership [...]