Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Instagram Outage Disrupts Thousands of U.S. Users 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
GM and its South Korean division, GM Korea, have condemned the government for issuing another exit ban to its chief executive officer, Kaher Kazem. With the move, the automaker’s headquarter in the U.S. accused the Korean officials of “abuse of judicial power.”
As per The Korea Herald, GM Korea spoke on Monday, May 10, to express its disappointment and to allege discrimination against foreign businesses in the country on top of the abuse of power. The reaction was due to the government’s decision to give the company’s CEO a new exit ban order.
GM Korea is taking the matter to court
The Korean unit of General Motors vowed to get justice by filing a complaint in court as a legal countermeasure. GM Korea is now asking the court to retract the new ban on CEO Kazem as this was already revoked last month.
“The government’s exit ban order is an arbitrary administrative measure which may lead to an abuse of legal procedures,” GM Korea said via an official statement. “In order to respect the court’s earlier decision, it is crucial that the latest exit ban be reviewed properly and withdrawn.”
The company is referring to the resolution that was handed down in April. The Seoul Administrative Court ordered the junking of the extended exit ban on GM Korea’s chief. The ban was originally imposed as Kazem is involved in the ongoing trial for illegal hiring allegations.
However, last weekend, the Incheon District Prosecutors’ Office made a request for a new exit ban. The office said that it made the decision as the administrative measure is necessary for submitting an appeal for the legal dispute proceeding.
An official at the prosecutor’s office added that they have called for the ban as they think there is a possibility that GM Korea’s CEO may not attend the court hearings. They also noted that the decision in the first trial was in favor of Kazem, so the Justice Ministry wants to appeal the case, and this made it necessary for the exit ban to be placed.
The automaker is determined to sue over the additional ban
Korea Joongang Daily reported that GM Korea will be suing the Incheon Prosecutors Office for the new exit ban. Kazem was said to have been stopped from leaving the country on April 30.
The company said that this move is just a waste of resources because this was already decided by the court last month, but the prosecutor’s office in Incheon wants to reverse the verdict. In any case, the case that GM Korea’s CEO, Kazem, is involved in is illegal hiring. He is being investigated for this since 2019.
