Sul-gi Lee

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.

Nov 25, 2024 | kedglobal.com | Sul-gi Lee

The companies founded by South Korean nationals abroad will be recognized as domestic companies if they contribute to the Korean economy, making it easier for them to receive venture capital investment. The South Korean Fair Trade Commission (FTC) said it will implement revised guidelines, including the "Interpretation Guidelines for Holding Companies," starting Monday.

Oct 30, 2024 | kedglobal.com | So-Hyeon Kim |Sul-gi Lee

The Czech Republic’s anti-trust body put a temporary bloc on the conclusion of a contract with Korea Hydro & Nuclear Power Co. (KHNP) for the construction of a new nuclear power unit following challenges by Westinghouse Electric Corp. and France’s EDF, Reuters reported on Wednesday.

Sep 4, 2024 | kedglobal.com | Hyung-Joo Oh |Sul-gi Lee

South Korea’s top beauty chain CJ Olive Young Corp. is turning up the heat on Musinsa to contain the rise of the country’s No. 1 online fashion platform in the beauty market, which would develop into fair trade issues. Their rivalry came to the surface after Musinsa was tipped that CJ Olive Young had pressured beauty brands to boycott the Musinsa Beauty Festa In Seongsu to be held on Sept. 6-8 in Seongsu-dong, a hot shopping district for Gen Zers and foreign tourists.

Aug 22, 2024 | kedglobal.com | Sul-gi Lee

South Korea’s antitrust body is slated to tighten the leash on subscription businesses of streaming service providers such as Netflix Inc. and Spotify Technology S.A. as consumers find it difficult to cancel their subscription at any time they want and have to pay for it until a renewal. The Korea Fair Trade Commission (FTC) sent examination reports to three over-the-top (OTT) video platforms – Netflix’s Korean affiliate, Wavve and Watcha Inc.