The Korean Bar Association (KBA), led by President Kim Jeong-wook, announced that it will co-host a conference on "Realistic Compensation for Damages" with Democratic Party lawmaker Kim Dong-a on September 17 at 10 a.m. in the fourth meeting room of the National Assembly.
The standards for calculating damages have remained unchanged for over a decade without reflecting economic conditions, leading to ongoing criticism that they are out of touch with public sentiment. In response, the KBA has organized this event to discuss the effectiveness of damage compensation standards from the perspective of practicing attorneys.
The conference will be moderated by Lee Won-jo, the Korea managing partner of the multinational law firm DLA Piper, with Jeon Seon-yi, the KBA's second planning director, serving as the host.
Professor Jeong Ji-in from Ewha Womans University Law School will present on the topic of "Current Status and Improvement Measures for Damage Compensation Standards." The discussion will feature various experts, including Professor Park Dong-jin from Yonsei University Law School, Han Kyung-seok, a legislative researcher at the National Assembly's Legislative Research Service, attorney Lee Yong-myeong (a member of the KBA's task force on realistic compensation), journalist Lee Tae-jun from Sisa Journal, and former chief judge Ahn Jwa-jin from Jeonju District Court, who will share diverse opinions on the standards for calculating damages.
Rational reform of damage compensation standards is crucial not only for providing substantial rights protection for victims but also for enhancing public trust in the judicial system.
A KBA official stated, "We hope this conference will serve as a starting point for institutional improvements in damage compensation standards, and we will continue to play a necessary role in ensuring that citizens' rights are more effectively protected."
* This article has been translated by AI.
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