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Supreme Court Decision Puts S. Korean Pharmaceutical Companies at Risk

Supreme Court Decision Puts S. Korean Pharmaceutical Companies at Risk

SEOUL, Jan. 21 (Korea Bizwire) — South Korean pharmaceutical companies are expressing grave concern as a recent Supreme Court decision may freeze the development of certain incrementally modified drugs. For long, pharmaceutical companies in South Korea have been releasing modified drugs that change certain saline substances, the strength, and dosage regimen of the original drug [...]

Supreme Court Rules Religious Belief Valid Reason for Refusing Mandatory Military Service

Supreme Court Rules Religious Belief Valid Reason for Refusing Mandatory Military Service

SEOUL, Nov. 1 (Korea Bizwire) — The Supreme Court ruled Thursday that religious and conscientious beliefs are to be considered valid reasons for refusing the military service mandate, overturning its decision from 14 years ago. In a 9-4 vote, the full bench led by Chief Justice Kim Meong-su delivered the decision and ordered an appellate [...]

Supreme Court Orders Japanese Firm to Provide Compensation for Wartime Forced Labor

Supreme Court Orders Japanese Firm to Provide Compensation for Wartime Forced Labor

SEOUL/TOKYO, Oct. 30 (Korea Bizwire) — The Supreme Court on Tuesday ordered a Japanese steelmaker to compensate four South Koreans for wartime forced labor and unpaid work, casting a cloud over already soured ties between the two neighbors. The top court upheld an appeals court ruling in 2013, which ordered Nippon Steel & Sumitomo Metal [...]

Supreme Court Says GM Korea Should Include Performance-Based Wage as Ordinary Pay

Supreme Court Says GM Korea Should Include Performance-Based Wage as Ordinary Pay

SEOUL, Nov. 26 (Korea Bizwire) – The nation’s top court ruled Thursday that GM Korea Co. should count performance-based monthly wages paid to its employees as part of their ordinary salaries. A total of 1,025 of its workers filed a lawsuit demanding the management include performance-based pay and vacation stipends as part of ordinary pay [...]