Society
Incidents & Accidents
“I Wondered Why Pork Belly Was So Expensive”—It’s Because of These People Who Swallowed Up 1.2 Trillion
Employees of pork processing and sales companies have been indicted for price-fixing totaling 1.2 trillion won over the past six years. Investigative authorities determined that the companies engaged …
Legal Affairs
[Exclusive] Supreme Court Upholds DL E&C CO., LTD.’s Victory in 1 Trillion Won Construction Cost Dispute Over ‘Unification Park’
DL E&C CO., LTD.(375500)has secured a final victory in the Supreme Court in a 18-year-long dispute over construction costs with City One (Chairman Cha Jun-young), the developer of the Paju Unification…
Legal Affairs
Patients Treated with Inbosa Partially Win First-Instance Lawsuit… Court Rules, "KOLON CORPORATION Acknowledges Product Liability"
Lee Woong-yeol, Honorary Chairman of KOLON CORPORATION, who was indicted on charges including involvement in the alleged manipulation of the ingredients of the osteoarthritis treatment Invos KJ (Invos…
Social Affairs
Fearing They’d Be Left Behind, People in Their 20s and 30s Turned to “Debt Investing”… Now Struggling to Even Cover Interest Payments
“I was planning to raise funds for a jeonse deposit through stock investments, but whenever I look at my stock screen, I get so scared my hands start shaking.” Young people who were swept up by “FOMO”…
Local Government
[Editor's Perspective] The Economy of Foreign Residents and Visitors in South Korea Left in a Blind Spot
There is a proverb that says, “It takes three years to find a child you’re carrying on your back.” It criticizes the folly of searching in the wrong places while overlooking what’s right under one’s n…
Legal Affairs
Supreme Court: "LOTTE SHOPPING CO., LTD.’s Wage Peak System, Introduced with Consent via the Internal Network, Is Invalid"
The Supreme Court has ruled that the wage peak system implemented by LOTTE SHOPPING CO., LTD.(023530)—which obtained the consent of a majority of its employees through the company’s internal network—f…
Welfare
One pack every 20 seconds… No need to worry about sanitary pads even in tourist spots without convenience stores [Report]
Gwangmyeong Cave in Gwangmyeong City, Gyeonggi Province, on the 23rd. Although it is a famous tourist destination attracting over 600,000 visitors annually, it is difficult to find any amenities nearb…
Legal Affairs
'Largest Property Division in History'… Court Orders Choi Tae-won to Pay Noh So-young 944 billion won: A Look at the Calculations (Comprehensive)
A court has ordered Choi Tae-won SK(034730), chairman of SK Group, to pay 944 billion won to Noh So-young, director of the Art Center Navi.
Choi Tae-won, Chairman of the Korea Chamber of Commerce …
Legal Affairs
"Choi Tae-won Ordered to Pay 944 billion won to Noh So-young"—Ruling in Remand Appeal
A court has ordered Choi Tae-won, chairman of SK(034730), to pay 944 billion won to Noh So-young, director of the Art Center Navi.
Chairman Choi Tae-won and Director Noh So-young (Photo: Yonhap Ne…
Legal Affairs
1.4 Trillion or Several Hundred Billion… The Outcome of the Property Division in the Divorce Between Choi Tae-won and Noh So-young
The ruling in the retrial to redetermine the scale of property division in the divorce lawsuit between SK Group Chairman Choi Tae-won and Art Center Nabi Director Noh So-young will be handed down toda…