The Korea Times reported today that South Korea’s first ever class action has been given a preliminary approval to move forward, as a local court selected a private equity fund as representative plaintiff. According to the article, the suit is the first filed under a South Korean securities class action law that was passed in 2005. The use [...]
Posts Tagged ‘south korea’
South Korea’s First Class Action
Posted in Class Action Decisions, Class Action News, International Class Action Law, tagged International Class Action Law, securities class action, shareholder class action, south korea, south korea class action on June 25, 2009 | Leave a Comment »
South Korean Protesters Could Become Class Action Defendants
Posted in Class Action Trends, International Class Action Law, tagged class action reform, International Class Action Law, korea, korean class action law, korean law, south korea on August 29, 2008 | 3 Comments »
Here is an interesting tidbit about a possible class action reform in South Korea from the Korean newspaper the Chosun Ilbo. Reportedly, “the Presidential Council on National Competitiveness and the ruling Grand National Party” have agreed to “introduce class action suits as a way to compensate victims of illegal collective actions such as illegal rallies and strikes.” (“Collective [...]
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