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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or



January 2017. Press Releases by Lee & Ko (view listing).

KFTC Enhances the Predictability and Clarity of Decisions but Potentially Increase the Overall Administrative Fine Levels

Facing continued criticisms that the existing rules allowed overly broad discretion to the Korea Fair Trade Commission (the “KFTC”) in setting the amount of administrative fine, the KFTC amended the Notification on Detailed Standards for Imposition of Administrative Fine (the “Notification”). The amendments (the “Amendments”) were passed by the KFTC’s full Committee of Commissioners on December 21, 2016, and came into effect on December 30, 2016.

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Lee & Ko Represented CJ Consortium in the Acquisition of Shares of Korea Express

January 2012. Press Releases by Lee & Ko (view listing).

On July 15, 2011, CJ Consortium (consisting of CJ GLS and CJ Cheiljedang Corp.) acquired 8,590,000 shares (37.62% ownership interest) in Korea Express from Asiana Airlines and Daewoo Engineering & Construction at a purchase price of KRW 1.845 billion.

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Lee & Ko Ranks #1 in M&A Transaction Representation in the Asian Region

January 2012. Press Releases by Lee & Ko (view listing).

Thomson Reuters, an internationally renowned M&A market surveyor, released its law firm ranking for M&A legal representation as of September 30, 2011.

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Asialaw Profiles Gives Lee & Ko High Ranking in All 9 Legal Practice Areas Reviewed

January 2012. Press Releases by Lee & Ko (view listing).

The 2012 edition of “Asialaw Profiles,” a legal publication devoted to analyzing the global legal market and assessing the relative strengths of major law firms in the market, has placed Lee & Ko within the group of highly ranked law firms for all categories of legal practice covered by the Asialaw Profiles survey.

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IFLR1000 2012 Edition Gives Lee & Ko High Rankings in All 5 Legal Practice

January 2012. Press Releases by Lee & Ko (view listing).

Areas Reviewed

In the recently published IFLR1000 (a law firm review and ranking publication of the Legal Media Group), Lee & Ko has received top (Band 1) ranking in the areas of Banking & Finance, M&A and Capital Markets. The IFLR1000 also ranked Lee & Ko highly (Band 2) in the areas of Competition and Restructuring & Insolvency.

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Financing of STX's Acquisition of Canadian Gas Fields

February 2011. Press Releases by Lee & Ko (view listing).

Lee & Ko successfully represented Korea Finance Corporation and the Export-Import Bank of Korea in the financing of KRW174 billion for STX's acquisition of a 100% interest in gas fields in the Maxhamish area of British Columbia, Canada from Encana Corporation, the largest natural gas company in Canada.

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Legal Developments by:
Lee & Ko

Legal Developments in South Korea

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Greater Reforms for Promoting Work-Life Balance – Changes to the Gender Equal Employment....

    Greater Reforms for Promoting Work-Life Balance – Changes to the Gender Equal Employment and Work-Life Balance Support Act
  • Lee & Ko successfully represents Big Hit Entertainment against unauthorized use of BTS’ photos

    Lee & Ko, on behalf of Big Hit Entertainment (“Big Hit”), obtained the first-ever decision in Korea to recognize the entertainment companies’ right to independently request for injunction against those who free-ride on the customer attractiveness that is based off of popularity and fame of the artists managed by the companies. This landmark decision is expected to serve as an important pedestal in protecting the legitimate interest of entertainment companies (domestic as well as international) that manage famous artists and entertainers and remain vulnerable to unfair competition of free-riders.
  • First- Ever Decision by the Supreme Court of Korea ...

    First- Ever Decision by the Supreme Court of Korea to Find Copyright Infringement in the Selection, Arrangement or Combination of Game Elements
  • Key International Tax Law Amendments in the Draft 2019 Tax Revision Bill

    On July 25, 2019, the Ministry of Economy and Finance publicly released the 2019 draft Tax Revision Bill (the “Draft Bill”). The Draft Bill is expected to be sent to the National Assembly on September 3, 2019 for deliberation and adoption.
  • Russian Court’s Judgment Recognized for Enforcement in Korea

    Recently, based on the premise that requirements for “mutual guarantee” or “reciprocity” in relation to the recognition and enforcement of foreign judgments can be allowed between Russia and Korea, a District Court of Korea rendered its decision which allowed a judgment concluded by a Russian court to be enforceable in Korea (see Changwon District Court, Decision 2018Gahap51099 held on January 17, 2019).
  • Korean National Assembly Passes “Blind Hiring” Bill to Reform Hiring Culture

    Recently, the National Assembly of Korea passed legislative amendments to the Fair Recruitment Procedure Act (“FRPA ”) as part of the reform efforts to address the country’s recruitment culture. The latest amendment – dubbed the “blind hiring” bill – expands the FRPA to prohibit any type of recruitment irregularities (e.g., improper solicitation, coercion, pressure) and, more importantly, bars employers from asking jobseekers to provide any information unrelated to the position and the applicant’s merit. The amended FRPA will go into effect starting July 17, 2019.
  • Korean Financial Supervisory Service Mandating Disclosure of Transaction Documents When Filing Repor

    Korean Financial Supervisory Service Mandating Disclosure of Transaction Documents When Filing Report on Material Facts
  • Successful Challenges to Korean Health Insurance Regulator’s 13-Year Old System...

    Successful Challenges to Korean Health Insurance Regulator’s 13-Year Old System of Automatic Reduction of Original Drug Price
  • Korean Supreme Court Confirms Licensee’s Standing to Challenge Patent Validity

    On February 21, 2019, the Supreme Court of Korea issued an en banc decision overruling its prior precedents on the issue of whether a licensee who is continuing to make royalty payments under an existing license agreement nevertheless has standing to challenge the validity of the licensed patent. In short, the Korean Supreme Court held that absent special circumstance, a patent licensee is an “interested party” eligible for challenging the validity of a licensed patent, despite the lack of any threat or potential threat posed by the patent holder against the licensee’s right to use the patented invention. (Supreme Court En Banc Decision No. 2017Hu2819).
  • Amendments to the KFTC Merger Review Guidelines

    The Korea Fair Trade Commission (the “KFTC ”) recently amended its Guidelines for Merger Review (the ”Guidelines ”), which took effect from February 27, 2019. The Guidelines now provide for particular issues relating to “innovation markets” and “big data” that will be considered during the KFTC’s review of mergers within R&D-intensive (i.e. innovative) industries.