JPMorgan Chase and Citigroup have become the first U.S. banks fined for the alleged ma­nipu­la­tion of benchmark interest rates that affect hundreds of billions of dollars in contracts around the world.
On Wednesday, the European Commission slapped six financial giants, including Deutsche Bank, Royal Bank of Scotland and JPMorgan, with a total of $2.3 billion in [...]

NEW YORK CITY, Nov 18 AFP
November 19 2013, 09:02AM
A South Korean electronics firm has sued leading global banks in New York for manipulating the foreign exchange market as regulators in several countries investigate similar allegations.
Circuit board maker Simmtech filed a class action suit last Friday in the New York federal district court alleging traders in [...]

By Alex Lawson
Law360, New York (November 19, 2013, 6:48 PM ET) — Barclays PLC, Citigroup Inc. and other banking giants have been hit with a new putative class action surrounding foreign exchange rate manipulation in New York federal court, this time facing allegations from a South Korean technology firm that the group’s conduct caused financial [...]

South Korea’s Simmtech Sues Large Banks in U.S. Court
Semiconductor Maker Claims Damages in Connection with Alleged Currency Markets Manipulation
By Anjani Trivedi
Nov. 19, 2013 11:19 a.m. ET
A South Korean company is claiming damages in a U.S. court from some of the world’s biggest banks in connection with alleged manipulation of global currency markets.
Simmtech Co. Ltd. 036710.KQ [...]

Kevin McCoy, USA TODAY 11:55 a.m. EST November 18, 2013
The foreign exchange trading investigation is the latest multinational probe of financial benchmarks that affect trillions of dollars in personal and business transactions.
A South Korean company has accused seven global banks of manipulating foreign exchange rates, the second lawsuit filed amid a multi-national investigation into the [...]

Simmtech Corp. damaged by KIKO, claims Citibank N. A. over Fraud in NY court… creating international lawsuit
Simmtech Corp. damaged by foreign exchange derivative called KIKO sued Citi interrelated enterprises including Citibank N. A. for compensation amount to 73 million dollars(80 billion KW). Heads of global banks never had been claimed over KIKO related damage before, [...]

KIKO damage claim in New York(NY), Simmtech Corp. vs. Citibank N. A., seems to have great influence on related domestic KIKO case, as NY Supreme Court gets into formal trial. With such U. S. litigation against Citibank came a turning point in other KIKO cases regarding SC bank.
Upon the stage of NY, it is [...]

Though bankruptcy may cross the minds of many when economically challenged, it is hard to find anyone who actually knows what bankruptcy is and how it works. But if you get to know it better, experts say you can have your second chance.
Kim&Bae, P. C., gave a seminar on bankruptcy law today in KCC(Korean Community [...]

“Ever heard of the term ‘3 second bag’? It refers to bags from the same brand you get to see every 3 seconds you walk on the street. In the U.S., people use the term ‘3 minute lawyer’. It means that there are so many lawyers here, so you could see a lawyer every 3 [...]

On May 3, 2013 B.J. Kim gave a lecture on English contracts law at the LawnB. The lecture highlighted the lack of understanding and false concepts of international law that often lead to litigation and legal disputes; and also, how to address these issues in the creation of contracts. The lecture was approximately seven hours [...]