Mondaq All Regions - South Korea: All Topics
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.
Yulchon LLC
In June 2016, the Seoul Southern District Court ruled in favor of 97 former fixed-term contract employees of a broadcasting company who had been converted to indefinite-term employees.
Yulchon LLC
In February 2016, the Supreme Court set aside a lower-court decision that had overturned the conversion of a branch of an industrial union into an independent enterprise union
Yulchon LLC
The government announced guidelines in 2016 pushing for broader implementation of performance-based pay in the public sphere.
Yulchon LLC
Labor organizations have expressed strong opposition to both sets of guidelines, accusing the government of simply trying to make it easier and more convenient to dismiss employees.
Yulchon LLC
Seoul Central District Court terminated the rehabilitation proceedings of Hanjin Shipping yesterday on February 2, 2017 following public announcements by Hanjin Shipping . . .
First Law Offices Of Korea
In its unanimous decision rendered on August 12, 2001, the Korean Supreme Court reversed the infamous “Chevron” case decided in 1985. Specifically, in Nissan Kagaku Kogyo Kabushiki Kaisha v. LG Chemicals Co., Ltd. (Supreme Court Case No. 98 Hu 522), the Supreme Court held that a junior chemical process invention which utilizes all of the elements constituting a senior patented invention and adds a catalyst to obtain superior results still falls within the scope of the earlier patent, overturnin
Yulchon LLC
Tax laws including the Law for Coordination of International Tax Affairs, the Corporate Income Tax Law, the Individual Income Tax Law and the Special Tax Treatment Control Law have been amended in order to enforce BEPS related international taxation guidelines.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
On December 28, 2016, the Korean Fair Trade Commission issued a steep fine against Qualcomm for antitrust violations in patent licensing and modem chip sales – a record penalty that the U.S. company will challenge in court.
Kim & Chang
MOSF has submitted the draft tax law amendment to the National Assembly.
Yulchon LLC
The FSS of Korea published the draft ‘Guidelines on Margin Requirements for Non-Centrally Cleared OTC Derivatives Transactions' on 14 December 2016 and invited comments to be submitted by 2 January 2017.
Yulchon LLC
These heightened criminal penalties, however, will not be imposed retroactively on violations that took place prior to the effective date of the amendments.
Most Popular Recent Articles
Yulchon LLC
On June 3, 2017, Korea's version of the "Sunshine Act" will go into effect.
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
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
Seoul Bankruptcy Court will be established and replace the Bankruptcy Division of the Seoul Central District Court as of March 1, 2017.
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.
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
Tax laws including the Law for Coordination of International Tax Affairs, the Corporate Income Tax Law, the Individual Income Tax Law and the Special Tax Treatment Control Law have been amended in order to enforce BEPS related international taxation guidelines.
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 amendment will expand the scope of MAP applicants so that even non-residents or foreign companies not having a place of business in Korea can request a MAP.
KPMG
Korean companies that have expanded its business to India is now able to resolve the difficulties faced due to double taxation by the local tax authorities.
DR & AJU International Law Group
The Supreme Court of the Republic of Korea recognizes copyright protection for characters created by animation.
Lee & Ko
The amendments to the Act on Promotion of Information and Communications Network Utilization and Information Protection and the Personal Information Protection Act...
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