SEOUL, March 4 (Korea Bizwire) — Lee Jae-yong, the imprisoned de facto leader of Samsung Group, is focusing on preparing for his next legal battle related to his succession, industry insiders said Thursday, accepting only visits from his legal advisers so far. Lee, the heir of South Korea’s top conglomerate, was sentenced to 2 1/2 [...]
JEJU, Oct. 20 (Korea Bizwire) – A court on the southern island of Jeju on Tuesday upheld the local government’s revocation of the business license of what would have been the nation’s first for-profit hospital. The operator of the Greenland International Medical Center, owned by a Chinese real estate developer, filed a lawsuit in May 2019 [...]
Amsterdam, the Netherlands and Leipzig, Germany, Jan. 28 (Korea Bizwire) – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the four-year results from the randomized controlled ILLUMENATE Pivotal trial in the U.S. With an excellent follow-up compliance rate of over 95% in a highly complex disease patient cohort, the data show [...]
SEOUL, Nov. 13 (Korea Bizwire) — A Seoul court held the first hearing Wednesday on a compensation suit filed by Korean victims of Japan’s wartime sex slavery. The move comes roughly three years after 20 plaintiffs, including victims and family members of deceased victims, filed the case against the Japanese government with the Seoul Central [...]
Toronto, Canada, Jun. 4 (Korea Bizwire) – Vielight Inc. of Toronto, a leader in brain photobiomodulation (PBM) technology, announces that the primary site for its pivotal clinical trial, St. Michael’s Hospital, in Toronto, has been activated. The trial will be a randomized, placebo-controlled study involving 228 subjects with moderate to severe cognitive impairment due to Alzheimer’s Disease. [...]
SEOUL, Jun. 26 (Korea Bizwire) — A newly proposed measure to prevent defendants from freely withdrawing their request for a jury in a criminal trial after the case reaches the main district court may be put into place. This is to prevent defendants from abusing the system by asking for a jury then retracting the [...]
SEOUL, Feb. 6 (Korea Bizwire) — A top executive at Samsung Electronics Co. vowed Tuesday to engage in “speed management,” which could be seen as a move by the tech giant to make aggressive business decisions. Samsung Electronics Vice Chairman Yoon Boo-keun made the comments in a brief meeting with reporters after attending a forum [...]
SEOUL, Feb. 5 (Korea Bizwire) — An appellate court is set to hand down its verdict Monday on Samsung Electronics Vice Chairman Lee Jae-yong, who was found guilty by a lower court of offering kickbacks to former President Park Geun-hye, and her friend, in a scandal that led to Park’s ouster last year. The scion [...]
SEOUL, Jul. 25 (Korea Bizwire) — South Korea’s top court said Tuesday it will allow the full live television coverage of sentencing hearings in lower courts starting next month, paving the ground for the whole nation to watch the final verdict on former President Park Geun-hye over a massive corruption scandal on TV in real [...]
SEOUL, Jan. 5 (Korea Bizwire) – President Park Geun-hye’s close friend, who is at the center of an influence-peddling scandal that led to her impeachment, pleaded not guilty during her first formal hearing held Thursday. Choi Soon-sil, 60, appeared before the Seoul Central District Court as a defendant for a string of charges, including abuse [...]