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Amendments to Korea’s Unfair Competition Prevention and Trade Secret Protection Act Provide More Protection for Data and Famous People

Lee & Ko | May 11, 2022

Korea’s recent amendments to the Unfair Competition Prevention and Trade Secret Protection Act (the UCPA) strengthened the statutory framework for:

Revised Korean Patent Act going into effect from April 20, 2022

Lee & Ko | May 11, 2022

A number of important changes to the Korean Patent Act (KPA) are scheduled to go into effect from April 20, 2022. Read on to learn more about how these changes have been made to protect an applicant’s interests, provide further opportunities to obtain patent rights, and simplify a variety of procedures.

The New Administration’s Policy Outlook for Healthcare/Life Sciences

Lee & Ko | May 11, 2022

With the inauguration of Yoon Seok-yeol as the 20th president of Korea scheduled to take place on May 10, 2022, the Presidential Transition Committee (the Committee) announced 110 national initiatives for the new administration (the Initiatives) on May 3, 2022. In connection with national healthcare, (1) improvement and sophistication of countermeasure against pandemics, (2) stimulation …

Continue reading “The New Administration’s Policy Outlook for Healthcare/Life Sciences”

Deregulation of the Financial Sector’s Cloud Computing and Network Separation

Lee & Ko | May 4, 2022

Improvements to Cloud Computing and Network Separation Rules in Financial Sector On April 14, 2022, the Financial Services Commission unveiled its plans to improve regulations on cloud computing and network separation in the financial sector. This improvement plan aims to support the financial sector’s efforts for digital transformation in a stable manner, in response to …

Continue reading “Deregulation of the Financial Sector’s Cloud Computing and Network Separation”

New President-Elect’s Labor Policy Outlook

Lee & Ko | March 23, 2022

On 9 March 2022, Suk-Yeol Yoon was elected as the 20th president of the Republic of Korea. As one of the central components of his campaign platform, the president-elect advocated various policy changes and reforms that could have significant impacts on the employment and labor laws in Korea.

Digital Finance: Current Issues and Laws

Lee & Ko | February 7, 2022

Financial Metaverse Platform and Legal Considerations

Changes to KFTC Merger Guidelines Took Effect on December 30, 2021

| January 7, 2022

Expanding Scope of Business Combinations Eligible for Simplified Review The Korea Fair Trade Commission (the “KFTC”) amended the KFTC Guidelines on Merger Review (the “Amended Merger Review Guidelines”) to expand the scope of business combinations eligible for a simplified review, and the Amended Merger Review Guidelines took effect on December 30, 2021.  A simplified review …

Continue reading “Changes to KFTC Merger Guidelines Took Effect on December 30, 2021”

Digital Finance: Current Issues and Laws NFTs: Key Korean Legal Considerations

Lee & Ko | January 6, 2022

NFTs, or non-fungible tokens, have exploded in popularity recently in line with the surge in interest in the metaverse among companies like Meta (former Facebook) as well as investors and consumers. We discuss the characteristics of NFTs and the legal and regulatory issues relating to them.

Court Allows Lessee to Terminate Commercial Lease as COVID-19 Force Majeure

Lee & Ko | January 6, 2022

Court Allows Lessee to Terminate Commercial Lease as COVID-19 Force Majeure.1

Amendments to Korea’s Unfair Competition Prevention and Trade Secret Protection Act Provide More Protection for Data and Famous People.

Lee & Ko | December 9, 2021

Korea’s recent amendments to the Unfair Competition Prevention and Trade Secret Protection Act (the UCPA) strengthened the statutory framework for:

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