Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  2. 2

    Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'

    Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
  3. 3

    S. Korea votes in favor of Palestinian bid for UN membership

    S. Korea votes in favor of Palestinian bid for UN membership
  4. 4

    [From the Scene] Monks, Buddhists hail return of remains of Buddhas

    [From the Scene] Monks, Buddhists hail return of remains of Buddhas
  5. 5

    Medical schools granted enrollment quota flexibility for next year

    Medical schools granted enrollment quota flexibility for next year
  1. 6

    Yoon offers first one-on-one meeting with opposition leader next week

    Yoon offers first one-on-one meeting with opposition leader next week
  2. 7

    France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger

    France rejects opening Paris flight routes to T'way Air, deals blow to Korean Air merger
  3. 8

    Chinese man behind drug scam targeting teens nabbed in Cambodia

    Chinese man behind drug scam targeting teens nabbed in Cambodia
  4. 9

    Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan

    Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan
  5. 10

    [Graphic News] French bulldog most popular breed in US, Maltese most popular in Korea

    [Graphic News] French bulldog most popular breed in US, Maltese most popular in Korea
지나쌤

NK firm files lawsuit to collect payment from S. Korean company

By Yonhap

Published : Feb. 25, 2021 - 22:30

    • Link copied

A suspended joint industrial complex in North Korea's border city of Kaesong is seen from the South Korean border city of Paju, north of Seoul, on Feb. 8, 2021, ahead of the fifth anniversary of the suspension. South Korea, under the Park Geun-hye administration, announced on Feb. 10, 2016, that it would suspend the complex, citing Pyongyang's fourth nuclear test and rocket launches. (Yonhap) A suspended joint industrial complex in North Korea's border city of Kaesong is seen from the South Korean border city of Paju, north of Seoul, on Feb. 8, 2021, ahead of the fifth anniversary of the suspension. South Korea, under the Park Geun-hye administration, announced on Feb. 10, 2016, that it would suspend the complex, citing Pyongyang's fourth nuclear test and rocket launches. (Yonhap)
A North Korean firm filed a lawsuit against a South Korean company in 2019 to claim payment related to a business deal, sources here said Thursday, a rare legal battle between businesses from the two Koreas.

The company affiliated with Pyongyang's national economic cooperation federation filed the suit with the Seoul Central District Court seeking 5.3 billion won ($4.7 million) for its alleged unpaid supply, according to the sources.

Their names have not been made available.

The North Korean firm reportedly inked a deal to provide some 2,600 tons of zinc to the South Korean company in 2010, but claims that it has not received 5.3 billion won for the supply. The South Korean firm claims that it paid the money.

The case reportedly marked the first time that a North Korean company has filed a lawsuit against a South Korean firm.

South and North Korea are technically in a state of war as the 1950-53 Korean War ended in a truce, not a peace treaty. Almost all exchange between the two Koreas has come to a halt amid recently chilled cross-border ties. (Yonhap)

More from Headlines