-Amendment to Guidelines on Competition Compliance Programs-
On April 23, 2025, the Korea Fair Trade Commission (KFTC) announced and implemented the amendment to the “Guidelines on the Operation and Evaluation of Competition Compliance Programs (CP)” (Competition CP Guidelines).
Selected 2025 Tax Amendments
In December 2024, the Korean National Assembly enacted and finalized the 2025 Tax Law amendment proposals into Law (Tax Law Amendments).
KFTC 2025 Annual Work Plan
The KFTC has announced its ‘2025 Annual Work Plan’ which identifies key tasks to restore the civil economy and to create a fair trade foundation for future-proofing as follows: 1)
Recent Trends in Amendments to Intellectual Property Law in Korea – Changes to the Patent Term Extension System, Introduction of Quintuple Damages for Trademark Infringement, Etc.
Various amendment bills were passed at the plenary session of the National Assembly on December 27, 2024, which include (i) in the Patent Act,
Amendments to Act on Prevention of Divulgence and Protection of Industrial Technology passed at the National Assembly’s Plenary Session
The amendments to the Act on Prevention of Divulgence and Protection of Industrial Technology (APDPIT) were passed at the plenary session of the National Assembly on December 27, 2024.
A New Era for AI: Republic of Korea Takes a Bold Step with AI Regulation
Amid the recent political turmoil following the impeachment of the President, the National Assembly successfully passed the Framework Act on Artificial Intelligence Development and Establishment of a Foundation for Trustworthiness (AI Framework Act) on December 26, 2024.
Latest Legislative Trends in Korea Regarding AI
As artificial intelligence (AI) technology is rapidly advancing and the pace of development has far exceeded the expectations of experts,
Overview of Recent Changes to Merger Control in Korea
On August 7, 2024, the Korea Fair Trade Commission (KFTC) implemented amendments to the Monopoly Regulation and Fair Trade Act (MRFTA) on the reporting and review of mergers.
KOREA FAIR TRADE COMMISSION’S NEW ROADMAP FOR ONLINE PLATFORM REGULATION
On September 11, 2024, the Korea Fair Trade Commission (the KFTC) announced a new roadmap for the legislation of the online platform regulation.
FSC Unveils Network Separation Improvement Roadmap – Expanding the Use of Generative AI and SaaS in the Financial Sector –
On August 13, 2024, the Financial Services Commission (FSC) of Korea announced its 「Financial Sector Network Separation Improvement Roadmap」(the Roadmap). This initiative aims to enhance the competitiveness of the financial industry in the rapidly evolving IT landscape.