Monday, February 6, 2006

South Korea Considers Punitive Damages

...and the arguments seem rather familiar:

The Presidential Committee on Judicial Reform will soon introduce a punitive damages system. It could be way to deter antisocial crimes such as kidnapping, embezzlement, drunk driving and violent demonstrations. However, a pharmaceutical company, for instance, might be discouraged from developing new medicine, such as an AIDS vaccine, for fear of being sued. The committee should consider that consumers might be the ones to suffer damage.

The article also cites Erin Brockovich and O.J. Simpson for good measure.

http://lawprofessors.typepad.com/tortsprof/2006/02/south_korea_con.html

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