-
1 month ago | 
kedglobal.com | Lan Heo |Byung-Uk Do |Sungsu Bae |Sul-gi Lee
South Korea’s constitutional court on Monday ruled against the impeachment of Prime Minister Han Duck-soo, restoring him to his position as acting leader, while not yet ruling on the separate impeachment of President Yoon Suk Yeol over his surprise martial law declaration late last year. Seven of the court’s eight justices overturned or dismissed Han’s impeachment, casting expectations that the judges may not reach a unanimous decision to remove Yoon from office, sources said.
-
1 month ago | 
kedglobal.com | Lan Heo |Seo-woo Jang |Si-eun Park
A South Korean court on Friday cancelled impeached President Yoon Suk Yeol’s detention warrant, ordering him to be released from jail, although he still faces a Constitutional Court trial over his failed attempt to impose martial law last December. The Seoul Central District Court said in a statement that it accepted Yoon’s petition in February to cancel his custody.
-
2 months ago | 
kedglobal.com | Chae-yeon Kim |Jeong-Soo Hwang |Lan Heo
Samsung Electronics Co. Chairman Lee Jae-yong was found not guilty of accounting fraud, stock manipulation and other criminal charges by a Seoul appeals court on Monday – a ruling that will remove long-running legal risks that he has faced for a decade.
-
2 months ago | 
kedglobal.com | Lan Heo |Seo-woo Jang
South Korea’s major law firms saw rapid growth in revenue last year as the economic slowdown sparked business overhauls at top conglomerates, with some leading companies grappling with management disputes. While Kim & Chang solidified its No. 1 spot in the domestic legal service market, second-ranked Lee & Ko made significant strides with high-profile M&A deals.
-
Oct 22, 2024 | 
kedglobal.com | Gyeong-Jin Min |Lan Heo |Ji-hye Min |Seo-woo Jang
A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the Northeast Asian country’s heavy inheritance and gift taxes. The cases of South Korean emigrants with assets of 100 billion won ($72.4 million) from Asia’s fourth-largest economy to the city-state were estimated to hit a record high last year, indicating Seoul’s high inheritance and gift taxes may have accelerated the exodus of the local rich, lawyers said.
-
Feb 5, 2024 | 
kedglobal.com | Lan Heo
The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities related to the 2015 merger between Samsung C&T Corp. and Cheil Industries Inc., which led to him taking a tighter grip over the world’s largest chipmaker. Lee and about a dozen ex-Samsung employees were indicted in 2020 on charges of stock price manipulation, accounting fraud and breach of trust under the Capital Markets Act.
-
Feb 4, 2024 | 
kedglobal.com | Lan Heo
The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities related to the 2015 merger between Samsung C&T Corp. and Cheil Industries Inc., which led to him taking a tighter grip over the world’s largest chipmaker. Lee and about a dozen ex-Samsung employees were indicted in 2020 on charges of stock price manipulation, accounting fraud and a breach of trust under the Capital Markets Act.
-
Feb 1, 2024 | 
kedglobal.com | Jeong-Soo Hwang |Lan Heo
Less than five years ago, Invossa, a cell and gene therapy for osteoarthritis, was supposed to hit the global market with great fanfare. Developed by Kolon TissueGene Inc., a unit of South Korean pharmaceutical firm Kolon Life Science Inc., Invossa was the world’s first of its kind. In July 2017, Korea’s Ministry of Food and Drug Safety (MFDS) approved the drug as a therapy for patients with a degenerative joint disease.
-
Jan 26, 2024 | 
kedglobal.com | Lan Heo
Smilegate RPG, a South Korean developer of a massively multiplayer online role-playing game (MMORPG) Lost Ark, faced a 100 billion won ($74.8 million) lawsuit from a local asset manager over a convertible bond contract. Seoul-based Rhinos Asset Management Co. last month filed the damages suit to a court in the South Korean capital, claiming the game developer’s parent Smilegate Holdings Inc.
-
Jan 25, 2024 | 
kedglobal.com | Lan Heo
Smilegate RPG, a South Korean developer of a massively multiplayer online role-playing game (MMORPG) Lost Ark, faced a 100 billion won ($74.8 million) lawsuit from a local asset manager over convertible bonds. Seoul-based Rhinos Asset Management Co. last month filed the damages suit to a court in the South Korean capital, claiming the game developer’s parent Smilegate Holdings Inc.
