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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.
Yulchon LLC
Korea's key ICT-related agencies, the Ministry of Science, ICT and Future Planning, and the Korea Communications Commission, have adopted as a top priority plans to foster new industries in response to the Fourth Industrial Revolution.
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.
Kim & Chang
On June 28, 2016, the Financial Services Commission ("FSC") proposed the enactment of the "Act on the Financial Consumer Protection Framework" (the "Proposed Enactment").
Kim & Chang
On June 28, 2016, the FSC announced the proposed legislation to partially amend the Insurance Business Act with a goal to, among other changes, deregulate insurance companies'...
Kim & Chang
On May 11, 2016, the FSC announced comprehensive plans to reform the licensing policies and regulations to promote market competition and innovation in the Korean asset management industry.
Yulchon LLC
Furthering the Korean government's policy response to an aging society and low birthrate, the 2014 amendment to the Labor Standards Act permitting pregnant employees at critical points in their pregnancy . . .
Yulchon LLC
On December 30, 2015, the Ministry of Employment and Labor (MOEL) issued a discussion draft of guidance on two highly controversial current issues in Korean employment law.
Yulchon LLC
The Ministry of Strategy and Finance finalized scope of Combined Report of International Transactions and confirmed taxpayers subject to the CRIT requirement through its official announcement...
iGlobal Law
From January 1, 2017, the new retirement age will also apply to small companies with less than 300 employees.
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DR & AJU International Law Group
The Supreme Court of the Republic of Korea recognizes copyright protection for characters created by animation.
Yulchon LLC
On December 23, 2015, the Korean Constitutional Court, the final arbiter of constitutional disputes in Korea, issued a pair of companion decisions that clarify the bounds of medical advertisement regulation in Korea.
Lee & Ko
The end result, however, has been legislation that is oftentimes inefficient, inconsistent, and complicated.
Yulchon LLC
On September 1, 2016, the 6th Bankruptcy Division of the Seoul Central District Court issued an order to commence the rehabilitation proceedings of Hanjin Shipping Co., Ltd.
Yulchon LLC
Given the global nature of the operations by the companies, their fate will have a substantial impact on the economy globally.
Lee & Ko
On 28 June 2016, the Korean government enacted an amendment to the Enforcement Decree of the FSCMA which, among others, expands the exception to the Chinese wall regulations . . .
Lee & Ko
On June 30, 2016, government authorities responsible for enforcing data protection and privacy laws and regulations jointly announced the "Comprehensive Guide to Data Protection and Privacy Laws and Regulations".
Lee & Ko
The significance of this case is that it is the first Supreme Court decision on the application of the VAT rules to Mileage Purchase.
Yulchon LLC
The going concern value and the liquidation value to be stated on the inspection report will serve as a decisive factor in evaluating whether rehabilitation proceedings of Hanjin Shipping may continue.
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
The AGFI adopts enhanced soundness standards by employing broadened qualification tests for major shareholders.
Yulchon LLC
Under the DWPA, both a worker-dispatch agency and the company using its workers are prohibited from subjecting the dispatched workers to discriminatory treatment.
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