Mondaq All Regions - South Korea: All Topics
WilmerHale
Two new privacy guidelines are now effective in South Korea. Earlier this year, the Korea Communications Commission (KCC) published "Privacy Guidelines for Online Customized Ads" (Korean language link) and a "Privacy Guide for Smartphone App Access Rights."
Yulchon LLC
The Stewardship Code is a set of principles or guidelines on fiduciary responsibilities released on December 19, 2016 by Korea Corporate Governance Service.
Yulchon LLC
On June 7, 2017, Korea signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting at a signing ceremony hosted by the OECD in Paris.
Reed Smith (Worldwide)
In order for countries to opt in to the system, their legal systems and privacy protection must meet APEC's standards.
Fross Zelnick Lehrman & Zissu, PC
In June 2015, Tae-Sun Park, a Korean individual, filed a non-use cancellation action before the IPTAB against a registration for FILLTOX & Korean transliteration covering medical clinic services...
iGlobal Law
If he implements his campaign promises, the election last month of President Moon Jae-In will lead to some significant labour law changes in South Korea.
Yulchon LLC
우버(Uber), 에어비앤비(AirBnB) 등의 폭발적 성장은 우리나라뿐만 아니라 전세계적 으로 ‘공유경제(Sharing Economy)'에 관한 담론을 촉발시켰다. 규제의 관점에서 볼 때, 공ǽ
Yulchon LLC
Newly-elected president Moon Jae-In's administration has officially begun on May 10, 2017. President Moon, a liberal who favors labor-friendly policies (and a more open policy toward North Korea)...
Yulchon LLC
According to the KFTC's press release, the proposed merger does not raise competitive concerns in the seed, pesticide...
Clyde & Co
The progress of these Regulations had ground to a halt following substantial objections to the initial draft of the Regulations by several large state owned entities (SOEs)...
Yulchon LLC
The Monopoly Regulation and Fair Trade Act (MRFTA) is the primary Korean competition statute. It was enacted on 31 December 1980 and became effective on 1 April 1981.
Yulchon LLC
The Financial Supervisory Commission ("FSC") and Financial Supervisory Service ("FSS") of Korea first published their "Guidelines on Personal-Information Protection in the Financial Sector" in July of 2013.
Yulchon LLC
On February 16, 2017, the "MSIP" announced a regulatory reform plan in the areas of artificial intelligence ("AI"), Virtual Reality ("VR") and Fintech (the "Regulatory Reform Plan").
Yulchon LLC
Seoul Bankruptcy Court will be established and replace the Bankruptcy Division of the Seoul Central District Court as of March 1, 2017.
Yulchon LLC
On June 3, 2017, Korea's version of the "Sunshine Act" will go into effect.
Yulchon LLC
On August 24, 2016, the Supreme Court upheld a lower-court decision which found that an independent salesperson who sold and delivered dairy products for Korea Yakult Corporation...
Yulchon LLC
In July 2016, the Daejeon District Court sentenced a former CEO, who was charged with unfair labor practices, to 10 months' imprisonment and ordered him arrested immediately...
Yulchon LLC
In July 2016, the Seoul Administrative Court accepted the Labor Relations Commission's determination that the dismissal of an employee who had continuously shown poor performance was justified.
Fross Zelnick Lehrman & Zissu, PC
Significant recent changes to the local design laws in the Republic of Korea, Taiwan, and Turkey, are discussed below.
Ropes & Gray LLP
In a sign that South Korea is ramping up its anti-corruption enforcement efforts, Korean authorities announced on April 27 that they plan to levy a $48 million fine against Swiss pharmaceutical giant...
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Lee & Ko
The amendments to the Act on Promotion of Information and Communications Network Utilization and Information Protection and the Personal Information Protection Act...
Yulchon LLC
On June 3, 2017, Korea's version of the "Sunshine Act" will go into effect.
Yulchon LLC
Newly-elected president Moon Jae-In's administration has officially begun on May 10, 2017. President Moon, a liberal who favors labor-friendly policies (and a more open policy toward North Korea)...
Lee & Ko
On April 14 2016, the MOSF also issued an administrative notice (the "Notice") setting forth the guidance on how and by whom the CRITI may be prepared and filed.
Yulchon LLC
On April 29, 2016, the Korea Communications Commission issued the Guidelines on the Right to Request Access Restrictions on Personal Internet Postings.
Lee & Ko
As a general rule, the Korean Commercial Code (KCC) forbids a company from acquiring its own shares (treasury shares) in accordance with principles of capital adequacy.
Yulchon LLC
The Financial Supervisory Commission ("FSC") and Financial Supervisory Service ("FSS") of Korea first published their "Guidelines on Personal-Information Protection in the Financial Sector" in July of 2013.
Lee & Ko
In May 2016, a Korean taxpayer won its victory over the Korean tax authority when the Seoul High Court overruled the tax authority's assessment against the taxpayer...
Yulchon LLC
Similar to the WTO Customs Valuation Agreement, the Korean Customs Act provides that if the seller and buyer are related parties, the transaction value is examined...
iGlobal Law
From January 1, 2017, the new retirement age will also apply to small companies with less than 300 employees.
WilmerHale
Two new privacy guidelines are now effective in South Korea. Earlier this year, the Korea Communications Commission (KCC) published "Privacy Guidelines for Online Customized Ads" (Korean language link) and a "Privacy Guide for Smartphone App Access Rights."
Yulchon LLC
The KFTC established the KFTC Rules on Investigative Procedures and amended the KFTC Rules on Internal Commission Meeting Process and Enforcement Procedures. Those Rules came into force on February 4, 2016.
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