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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


Reimplementation of the FSS Comprehensive Audit and Amendment of Korean Anti Money Laundering Laws

March 2019 - Finance. Legal Developments by Bae, Kim & Lee LLC.

More articles by this firm.

I Revival of Comprehensive Audit

  1. Significance

The reinstatement of a comprehensive audit of all issues (as opposed to a special audit that is instigated when a particular issue has arisen) (“Comprehensive Audit”) by the Financial Supervisory Service (“FSS”) means that the selected financial institutions will need to be better prepared for the increased breadth and depth of the upcoming Korean regulatory audits. Impacted entities include: (i) Korean Financial institutions including banks, securities companies, insurance companies, and asset management companies; and (ii) local Korean branches and subsidiaries (including banks, securities, insurance and asset management) of foreign financial institutions.

The following takeaways are noteworthy:

Direction of Financial Regulatory Environment of Korea in 2019: Legislation Supporting Financial Inn

February 2019 - Finance. Legal Developments by Lee & Ko .

More articles by this firm.

Direction of Financial Regulatory Environment of Korea in 2019: Legislation Supporting Financial Innovation and Reform of Supervisory System

For 2019, it is expected that the financial regulatory/legislative environment will see further developments along two key tracks, with one track consisting of the enactment of special laws favoring new business initiatives aimed at promoting innovation in the financial business sector, and the other track consisting of legislative activity aimed at reforming and improving the existing financial supervisory system to promote greater efficiency and integration.  The following specific examples of legislation are representative of the overall direction planned for the financial regulatory environment in the year ahead.

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Dinner with GC -
Korea 2018

  • China and Hong Kong GC Powerlist

    In May, The Legal 500 and GC Magazine added another country to the list of destinations for their exclusive Dinner with GC series, as South Korea’s elite in-house counsel came together at Mugunghwa in Seoul, for a closed-door discussion on the realities of the role.

    Dinner with GC - Korea 2018