Franklin Wireless subsidiary ordered to pay $3.67M in damages by Seoul court

FRANKLIN WIRELESS CORP

Seoul Central District Court ruled against subsidiary Franklin Technology Inc. (FTI) on July 28, 2026.
Damages of approximately $3,673,336 USD plus 5% annual interest from Nov 4, 2022 to July 16, 2026.
Post-judgment interest at 12% per annum from July 17, 2026 until full payment.
Dispute arises from a commercial contract for device development and production.
Company reviewing written decision and evaluating appeal options; intends to defend position.

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