South Korea

South Korea Latest Updates
Revised Korean law to protect privacy in smartphone apps
On March 22, 2016, Korea took steps to strengthen the protection of personal information in smartphone applications through a partial revision of the Korean Act on Promotion of Information and Communications Network Utilisation and Information Protection, etc.
Unfair competition in Korea
The Korean government has taken steps to protect trade secrets more effectively by easing the requirements for trade information to become trade secrets and by enabling ...
Hanjin Shipping’s bankruptcy: is it sailing toward liquidation?
On August 31, 2016, Korea’s largest shipping company and the seventh-largest shipping line in the world, Hanjin Shipping, filed a rehabilitation (bankruptcy) action in Korea. That filing reverberated around the globe...
Comparing liquidated damages and punitive penalties in Korea
Parties to contracts in Korea generally use two types of damages/penalty clauses to prevent breaches of contract: liquidated damages and punitive penalties. ...
The Enforcement Decree of the Act on Fair Agency Transactions
On July 26, 2016, the Korean Fair Trade Commission (FTC) made a pre-announcement of proposed legislation known as the ...
Amendment of the Arbitration Act
The amended Arbitration Act was announced on May 29, 2016. It is the first time in 17 years that the Arbitration Act has ....
South Korea News
Yoon & Yang opens Ho Chi Minh City office
Yoon & Yang is opening an office in Vietnam, in the heart of Ho Chi Minh City’s central business district. ...
Bae, Kim & Lee expands Asia reach with new office in Hong Kong
Seoul law firm Bae, Kim & Lee (BKL) has established a new office in Hong Kong. The Hong Kong office will boast 450 lawyers and is BKL's 4th overseas branch, adding to its offices in Beijing ...
South Korea Articles and Reports
North Asia Special Report
Asian-Counsel investigates how liberalisation has influenced the legal systems of Japan and South Korea and compares how each nation has progressed within a globalised market economy. We also get timely updates on investment, litigation, arbitration and tax issues in the two countries by experts on the ground.
Finance Special Report 2008
Off the back of an extraordinary year of growth, modest economic expectations in the year to come are the current trend. Asian-Counsel provides a regional overview in addition to special features on Islamic finance in Japan, recent developments in Malaysian securities law and regulations and Islamic banking and finance regulations in the United Arab Emirates.
To list or not to list? ... The Asian IPO question
Our Special Report on Initial Public Offerings discusses where remaining investor sentiment is heading in the region, and why some industries are likely to forge ahead with listings this year despite market uncertainties. With supplemental reports on the trends and developments in China, Japan and Korea.
Asian M&A
In the Asian M&A Special Report, the complex, multi-directional transactions which have marked the region of late are examined in detail. The simple days of inbound Western investment are clearly a thing of the past.
South Korea focus
This month’s Asian-Counsel marks our South Korea focus issue, providing an overview of the latest developments on Korea’s corporate legal scene by the nation’s leading firms. Meanwhile, our feature story discusses how the current global economy will inspire and impact emerging trends in the nation’s legal market in the year ahead.
Mergers & Acquisitions Special Report
The June issue of Asian-Counsel takes a look at M&A activity levels and trends across Asia Pacific and investigates factors which in-house counsel should consider in light of the downturn, whilst leading firms discuss how newly-enacted legislation and other issues will impact the M&A arena in Japan, Korea and China.
South Korea In-House Insights
Banking on change
Managing Director and Head, Group Legal and Secretariat at DBS Bank Sue Lynn Koo discusses her career trajectory, the importance of out-of-the-box thinking and how technology is both a blessing and a curse for her role. She also gives advice to external counsel she wishes she'd heard when she was one, and reveals the best advice she's ever been given.
South Korea In-House Handbook & Directory
South Korea Chapter (including firm directory)