Align Partners, which conducted an activist campaign against JB Financial Group, has succeeded in placing two directors on the board. This marks the first instance of a shareholder-proposed director being included in a South Korean financial company.At the 11th regular shareholders’ meeting of JB Fi
Korea’s government, National Assembly and courts are pushing to raise the level of punishments for technology leakage as key personnel of companies involved in Korea’s national high-tech strategic industries are frequently leaking out along with their technology. National high-tech strategic industr
Samsung C&T has sold the rights to a solar power project of 200 megawatts (MW) to Hanwha Solutions. The sale comes after all preparatory work for the construction of the solar power plant was completed, suggesting that Samsung C&T disposed of the project to recover its investment.According to the in
Patent applications originating from the Republic of Korea at the European Patent Office (EPO) grew by 21% last year, according to the EPO’s Patent Index 2023 published today. This was the highest growth rate among the 20 leading innovating countries, and more than five times the average growth at t
India, the world’s third-largest automobile market, is expected to emerge as an electric vehicle battleground after the United States and Europe. This is because the Indian government, which has been sticking to high tariff barriers, has launched a drastic tariff reduction policy to attract global e
The value of overseas construction orders to Korean contractors exceeded US$30 billion for the fourth year in a row in 2023. Korean builders’ target for 2024 is US$40 billion. They have been looking for opportunities in overseas markets as the Korean real estate market has been slumping for a long t
The number of properties purchased by foreigners exceeded 15,000 in Korea in 2023, marking a new high of foreigner real estate buyers on record.According to the latest data on buyers applying for registrations of ownership transfer after purchases and sale on the court registration information plaza
A court has issued a non-compete injunction against a former HBM researcher from SK hynix who moved to an executive position at Micron, a competitor in the United States. The decision was made to prevent potential damage from the leakage of SK hynix’s core technologies. SK hynix holds a dominant mar
Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, has signed a memorandum of understanding (MoU) with Altava Group, a vertical AI fashion tech company delivering innovative virtual experiences and products for majo
On the 27th, the Contech startup Meissa announced that it had visited Abu Dhabi, UAE, as a member of One Team Korea from the Ministry of Land, Infrastructure, and Transport.The Ministry of Land, Infrastructure, and Transport's bid support team, led by Minister Park Sang-woo, visited Abu Dhabi to mat
Seoul Semiconductor announced on March 5 that it has filed a patent lawsuit against global retailer Amazon in the Unified Patent Court in Europe seeking a ban on the sale of infringing products.Seoul Semiconductor and its affiliates have obtained 15 injunctions against infringing manufacturers and s
Lee Woong-yeol, the honorary chairman of Kolon Group, along with the corporation itself, have been indicted on charges related to the tampering of the ingredient of Invossa Injection, a treatment for osteoarthritis. The first trial is anticipated to conclude in the first half of the year, with a dec
Korea’s Anti-Corruption & Civil Rights Commission (ACRC) has dismissed HD Hyundai Heavy Industries’ complaint against the results of a bid to build the next frigate for the Korean Navy.According to industry sources, the ACRC recently sent a resolution to dismiss HD HHI’s complaint about the results.
Consumers of Samsung Electronics’ Galaxy S22 series have filed a compensation lawsuit claiming that the Game Optimizing Service (GOS) installed in the product series degraded device performance. Samsung Electronics countered, stating, “There is a significant difference from the incident related to p
The legal battle between the sons of the founder of Hanmi Pharmaceutical -- Lim Jong-yoon and Lim Jong-hoon -- and the OCI Group has intensified. OCI Group holds a significant stake in Hanmi Science, the parent company of Hanmi Pharmaceutical Group. The legal battle remains on the question of integr
The Bank of China has lost its lawsuit against South Korea’s tax authorities to cancel a 35.8 billion won (US$26.8 million) corporate tax penalty in a Supreme Court ruling in South Korea. The Supreme Court has confirmed the original ruling that the plaintiffs lost the case against the Jongno Tax Off
In relation to the crash of the Marineon (MUH-1) utility helicopter in 2018, which resulted in the death of five individuals, Korea Aerospace Industries Ltd. (KAI) has been ordered by the court to compensate the state over 1.4 billion won. This first-instance verdict came after the state filed a law
More and more small and medium-sized food manufacturers that produce and supply Coupang’s private label products are succeeding in achieving a “second leap.”Coupang announced on Jan. 31 that three small food manufacturers in explosive growth regions, with sales that have increased from 3 to up to 29
Kolon Life Science filed a lawsuit against the Korean Ministry of Food and Drug Safety (MFDS), claiming that the revocation of the license for its osteoarthritis gene therapy Invossa-K Inj. was invalid but lost the appeal.On Feb. 7, the Seoul High Court ruled in favor of the plaintiff in the appeal