February 27, 2017

South Korea moves towards permitting limited punitive damages in products liability cases

Last year we reported on a movement towards permitting punitive damages in South Korea.  That movement appears to be gaining steam, with KBS World Radio reporting that a committee within the South Korean national assembly has approved a bill that would authorize punitive damages against corporations in product liability cases.  The proposal would limit punitive damages to no more than three times the amount of compensatory damages.