Korean Diversified Energy Act and Regulations come into effect
The Dispersed Energy Promotion Special Act (the “Dispersed Energy Act”) came into force on 14 June 2024 together with the Enforcement Decree and the Enforcement Rules.
Trump’s Potential Win in the U.S. Presidential Election: Implications for Korean EV/Battery Companies’ Business in the United States
Introduction A rematch between Biden and Trump in the US presidential election is set for November 2024.
Exploring the Local Agent Designation System: Impact and Implications
On March 13, 2024, the Korea Fair Trade Commission (KFTC), in collaboration with other relevant government departments, announced a new consumer protection initiative targeted at online marketplaces.
Rating of Competition Compliance Program in Korea
To foster fair competition, the Korea Fair Trade Commission (“KFTC”) has been guiding companies to devise and adopt an internal compliance program in relation to competition laws (“CP”).
Amendments to the Enforcement Decree of the Financial Investment Services and Capital Markets Act with respect to the share plan for a domestic employee of a multinational company
The Financial Investment Services and Capital Markets Act (“FSCMA”) sets forth general framework for securities transactions in Korea.
PIPC Clarifies the Applicability of PIPA for Foreign Companies
Background On April 4, 2024, the Personal Information Protection Commission (PIPC) published a Handbook on the Applicability of the Personal Information Protection Act to Foreign Business Operators (Handbook).