SEOUL, Oct. 9 (Korea Bizwire) — POSCO Energy, a wholly owned energy unit of South Korean steelmaker POSCO, said Friday it has filed a 922 billion-won (US$800 million) claim against U.S.-based FuelCell Energy for damages involving their license deal. On Wednesday, POSCO Energy filed the suit with the International Court of Arbitration of the International [...]
SEOUL, Dec. 27 (Korea Bizwire) — A lawsuit filed by several South Korean victims of Japan’s wartime sexual slavery over a 2015 agreement between the two countries was settled Thursday in a court arbitration in which the government in Seoul agreed to deny the deal’s validity and vowed continued efforts to help regain the victims’ [...]
SEOUL, Aug. 23 (Korea Bizwire) — A Seoul court on Friday ordered Volkswagen, Audi and their Korean unit to compensate local consumers for mental distress caused by their emission manipulation scheme and improper recalls. The Seoul Central District Court issued a ruling on a lawsuit filed by some Korean owners of Audi and Volkswagen cars [...]
SEOUL, Jul. 23 (Korea Bizwire) — Hyundai Heavy Industries Co., South Korea’s largest shipbuilder, will file a suit for damages this week against its labor union over disruptive action at the company’s shareholders meeting in May and illegal strikes, company officials said Tuesday. Hyundai Heavy claimed it lost 9.2 billion won (US$7.8 million) due to [...]
SEOUL, Oct. 1 (Korea Bizwire) — Philip Morris Korea Inc. said it filed a suit against the Seoul government on Monday, demanding the disclosure of detailed information on its recent announcement over research on harmful substances found in alternative tobacco products. In June, the Ministry of Food and Drug Safety said five cancer-causing substances were [...]
SEOUL, April 20 (Korea Bizwire) – The Seoul Metropolitan Government announced Wednesday that it has partnered with two additional tailors in Sinchon and Wangsimni for its free suit rental initiative starting May 22. The city launched the service last year near Konkuk University to help unprivileged job seekers amid South Korea’s rising youth unemployment rate. [...]
SEOUL, Dec. 26 (Korea Bizwire) – In a rarely seen sight, North Korean leader Kim Jong-un appeared at the country’s first conference for the primary committees dressed in a suit, instead of his typical military or “Mao” attire. In photos released on December 24 and 25 by the Korean Central News Agency, Kim wore a [...]
SEOUL, April 19 (Korea Bizwire) – Samsung Electronics Co.’s lawsuit against British manufacturer Dyson in a patent row over a vacuum cleaner mechanism has been withdrawn from a Seoul court after the two firms resolved the dispute through arbitration, court officials said Tuesday. The South Korean tech giant filed the suit against the British firm [...]
Seoul, July 22 (Korea Bizwire) - ‘A’, a woman in her 30s, heard some disturbing news from her friends in May 2013. ‘A’ had been going to the annual Boryeong Mud Festival for the previous three years, and her friends told her that her picture was on a poster promoting the festival that featured prominently on [...]