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Industry

Samsung Electronics labor talks fail to reach deal, to resume after mediation recess

Samsung Electronics and its labor union failed to reach an agreement in post-mediation talks over performance pay, and the National Labor Relations Commission recessed the meeting at 12:30 a.m. on May 20. The two sides will resume talks at 10 a.m. Key issues include scrapping a 50 percent cap on bonuses, how to distribute the bonus pool and whether to institutionalize any agreement, with a union-planned general strike set for May 21.

Games & Commerce

111Percent wins partial first-instance ruling in copycat lawsuit over mobile game

111Percent said on Wednesday it won a partial first-instance ruling in a lawsuit against New Normal Soft over alleged infringement of its mobile game \"Luck-Driven Zone Many Game\". The Seoul Central District Court\'s 63rd civil division ruled New Normal Soft engaged in unfair competition and ordered it to pay 557 million won in damages plus delay interest. The dispute centered on claims that New Normal Soft\'s 2024 release copied gameplay and user interface elements.

Games & Commerce

Smilegate loses first trial in IPO failure damages suit, ordered to pay 100 billion won

Smilegate lost a first-instance damages lawsuit over the failed initial public offering of Smilegate RPG. The Seoul Central District Court ruled for Mirae Asset Securities and ordered Smilegate to pay 100 billion won plus delayed-payment interest at an annual rate of 12 percent from Dec. 8, 2023 until full payment, and to bear litigation costs. The dispute centers on accounting treatment of conversion rights and whether an IPO obligation lapsed.