Supreme Court Justice Kim Yong-dam on Judges/Prosecutors and Public Trust

A Joongang Daily editorial on Feb. 27, 2007 entitled Judges, prosecutors seeking to regain public trust summarizes a speech giving by Justice Kim Yong-dam to other judges. The editorial is enlightening to the fact that the legal system is trying to make a concerted effort to change its public image. The nation’s courts have given the impression that they are lenient to the haves but cold-hearted to the have-nots, Kim Yong-dam, a Supreme Court justice, said yesterday. During a lecture

Continue reading

Constitutional Revision Bill Delayed

A Chong Wa Dae spokesman announced on Feb. 26, 2007 that the Constitutional Revision Bill will be delayed until late in March due to “technical problems.” The technical problems mentioned by the Blue House include difficulty in finding a solution to the possible occurrence of a vacancy in office. Many believe that the “technical problems” are simply a cover for the problem of lack of widespread support for the revision. On Jan. 9, 2007 Roh suggested, among other changes, that

Continue reading

Violence in Korean Schools Rising

On Feb. 27, 2007 numerous Korean and English language newspapers reported that school violence has become such a problem that the Ministry of Education setup a program to enable students threatened by violence to receive an escort on the way to and from school. The program, to be implemented in April, will also include counseling to assist students in learning how to prevent violence. According to the Ministry, 15.9% of students have experienced violence in school and the percentage of

Continue reading

Legal system hinders class action suits

Korea Herald Feb. 26, 2007 Experts say the burden of proof limits room for shareholders to maneuver Class action suits have mostly been cumbersome, costly and highly risky for shareholders filing complaints in the United States, but their gains clearly deserved such a demanding process. American firms had paid a total of $26 billion to settle collective legal complaints from 1997 to 2005, and each case cost $35 million on average. The record was rewritten as Enron Corp. and WorldCom

Continue reading

Prosecutor with cancer ‘only doing her job’

Korea Herald Feb. 26, 2007 Jin Hye-won, a 32-year-old prosecutor, has been the focus of media attention after it was revealed that she worked around the clock despite having brain cancer. The prosecutor with the Seoul Northern District Prosecutors’ Office underwent an operation to remove the tumor on Jan. 24, just two days before an appellant court sentenced the defendant in the case to eight months in prison and two years of probation. The defendant had originally been acquitted last

Continue reading

Fraud sentence stands against ex-Doosan boss

Joongang Daily February 23, 2007 The Supreme Court has upheld a lower court ruling that sentenced Park Yong-oh, a former Doosan Group chairman, to a three-year suspended jail term for embezzlement.Mr. Park, 69, was convicted by the Seoul Central District Court a year ago of embezzling 29.7 billion won ($31.5 million) from the business group between 1996 and 2005. Last July an appeals court upheld the three-year jail sentence, suspended for five years, and 8 billion won in fines. Kim

Continue reading

Government Investigating Credit Card Commissions

Donga Ilbo Feb. 23, 2007 There are reports of widespread discontent over the way credit card issuers charge merchants commission fees. South Korea’s financial regulatory body has begun to investigate the issue. “We commissioned the Korea Institute of Finance to find out what costs credit card issuers face. We are going to assess whether each card issuer charges fair commissions to merchants. Then we will propose a standard for card issuers to levy a commission,” said an official from the

Continue reading

153 indicted in gaming scandal

Korea Herald Feb. 23, 2007 ‘Sea Story’ scandal nabs 153 Prosecutors said today they have arrested 45 people and indicted 108 without detention in connection with an illegal arcade gaming scandal that erupted last year. The Seoul Central District Prosecutors’ Office today announced the results of its six-month probe into the “Sea Story” scandal, involving lawmakers, high-ranking government officials, gang members, arcade businesspeople and gift certificate issuers. A popular video slot game, “The Sea Story” was outlawed last year because

Continue reading

Lobbying to Be Legalized

Korea Times Feb. 23, 2007 By Kim RahnStaff Reporter In an effort to root out bribery, the government is considering revising the law on lobbying. Lobbying is currently illegal in Korea because it is associated with bribes. According to the plan proposed in a report submitted by Justice Minister Kim Sung-ho to President Roh Moo-hyun, lobbyists will be asked to register and to report their activities to the government. “Legalizing lobbyists is a part of efforts to boost trust and

Continue reading

FTC expands price-fixing probe in education market

Korea Herald Feb. 22, 2007 The Fair Trade Commission is expanding an investigation into the education sector amidst speculation over possible cartels and abuses of market dominance to raise prices of textbooks, school uniforms and tuition fees. In addition to its examination of high-priced textbooks sold by the state-funded Educational Broadcasting System last year, the antitrust watchdog is probing a suspected cartel of school uniform suppliers. The FTC is currently discussing whether the alleged textbook overpricing is a case of

Continue reading