S.Korea sets $694 mln payout for 2007 oil spill | Bangkok Post: news

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S.Korea sets $694 mln payout for 2007 oil spill

A South Korean court has ordered a $694-million compensation payout to victims of the country's worst oil spill, which fouled miles of coastland in 2007, decimating local fishing and tourism industries.

This file photo shows volunteers, residents and soldiers working to remove oil spill along the coast of Taean, about 170 km southwest of Seoul, on December 21, 2007. A South Korean court has ordered a $694-million compensation payout to victims of the country's worst oil spill, which fouled miles of coastland in 2007, decimating local fishing and tourism industries.

"This is the first estimate of the damage officially made by the court. It is the first big step towards compensating those affected by the oil leak," court spokesman Choi Noo-Lim told AFP on Thursday.

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