SEOUL, Aug. 27 (Korea Bizwire) – South Korea has increased funding for North Korean defectors to support their early settlement as part of its budget proposal for next year, in line with its new unification blueprint. The unification ministry’s budget proposal, which was approved by the Cabinet on Tuesday, came to 1.55 trillion won (US$1.17 [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s Hyundai Motor Co. and its smaller affiliate Kia Corp. said Friday they have agreed to a US$200 million settlement in a class-action lawsuit filed by U.S. consumers over a series of car thefts of their vehicles. The consumer settlement covers U.S. owners of about 9 million Hyundai [...]
SEOUL, March 22 (Korea Bizwire) — Card use for settlement in South Korea jumped 9.4 percent last year as consumption rebounded from a pandemic-caused slowdown and people reduced reliance on hard currency, central bank data showed Tuesday. The daily average settlement made through credit card and other card services came to 2.76 trillion won (US$2.26 [...]
TO: ALL PERSONS WHO OWN SHARES OF STATE STREET CORPORATION COMMON STOCK AS OF JUNE 24, 2021 (“SHAREHOLDERS”): BOSTON, Aug. 27 (Korea Bizwire) — Please read this notice carefully and in its entirety. Your rights may be affected by the proceedings described in this notice. A proposed settlement has been reached in this action, as [...]
SEOUL, March 11 (Korea Bizwire) — LG Energy Solution Ltd. and SK Innovation Co. — South Korea’s top two battery makers — have discussed ways to resolve a trade secret lawsuit in the United States, but they failed to narrow their differences over the amount of settlement, industry sources said Thursday. On Feb. 10, the [...]
SEOUL, Nov. 12 (Korea Bizwire) — McDonald’s Korea said Tuesday it has reached a settlement with a girl suffering from so-called “hamburger disease” to pay medical bills for her treatment, in an apparent effort to ease negative public sentiment over the U.S. fast food chain. A mother filed a complaint against the Korean arm of [...]
SEOUL, Oct. 24 (Korea Bizwire) — The settlement process to resolve the dispute between Samsung Electronics Co. and its former employees suffering from work-related illnesses is behind schedule, industry sources said Wednesday, apparently as their mediation committee is still contemplating details on compensation. In July, South Korea’s top chipmaker and an advocacy group representing victims [...]
BEVERLY HILLS, Calif. and COSTA MESA, Calif., Jul. 31 (Korea Bizwire) — TOMI Environmental Solutions, Inc. (“TOMI”) (OTCQX:TOMZ) and Astro Pak Corporation (“Astro Pak”) announced today they have settled their litigation relating to TOMI’s patents and intellectual property rights. The parties have agreed that TOMI is the sole owner of ionized hydrogen peroxide decontamination and [...]