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Dongbu Insurance Corporation Refuses to Pay BUFS Victims

BUSAN, South Korea — The insurance company of Busan University of Foreign Studies said it could not pay the insurance money to victims of the university damaged by the Gyeong-ju Mauna Resort collapse accident and the families of the deceased, causing the victim families to strongly protest the school and the insurer.

Dongbu Insurance Corporation sent an official document to Busan University of Foreign Studies and said the school is not liable for the accident because the accident could not be predicted and even if the school is liable for the accident, the corporation has no obligation to pay the insurance money because the families received the compensation over the legal amount of damages from the resort already.

Source: Busan eFM News




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