Highlights of the FY2023 Tax Law Amendment Proposals
The Korean Ministry of Economy and Finance (MOEF) confirmed and announced the FY2023 tax law amendment proposals on July 27, 2023 (Proposals).
The Future of the Food Industry: Food Tech
With significant development in dietary supplements and alternative food industry in recent years, Korean government announced alternative food (e.g., plant-based meet, cultured meat,
Strengthening Regulation of Unfair Trading through Amendment of FISCMA
A proposal for partial amendment (Amendment) to the Financial Investment Services and Capital Markets Act (FISCMA) for the purpose of strengthening the regulation of unfair trading passed the plenary session of the National Assembly of Korea on June 30, 2023 and was promulgated on July 18, 2023.
Korea – Passage of the Act on the Protection of the Virtual Asset Users at the Plenary Session of the National Assembly
The Act on the Protection of the Virtual Asset Users (the Virtual Asset Act) which is designed to facilitate and strengthen the protection of the virtual asset users and set in place certain restrictions on unfair trade practices in the virtual asset market,
Review on Enactment of the Special Act on the Promotion of Dispersed Energy & Amendment to Electric Utility Act
The Special Act on the Promotion of Dispersed Energy (the Dispersed Energy Act) was recently enacted as of June 13, 2023 and,
HOW TO CORRECTLY SET UP AN E-COMMERCE WEBSITE FOR SALE IN ACCORDANCE WITH VIETNAM LAW?
The recent pandemic has prompted consumers all over the world, and particularly in Vietnam, to adopt a new shopping habit: online shopping, particularly after a period of social isolation.
Partial Amendment Bill to the Electronic Financial Transactions Act passed by the National Assembly’s National Policy Committee
On May 11, 2023, the “Amendment Bill to the Electronic Financial Transactions Act” (the Amendment) passed the plenary session of the National Assembly’s National Policy Committee.
Latest Update to 「Guidelines for Workplace Risk Assessment」 to Impact Businesses in Korea
On 22 May 2023, the Ministry of Employment and Labor (MOEL) announced a significant update to its 「Guidelines for Workplace Risk Assessment」 (Guidelines), effective immediately. The latest changes to the Guidelines aim to improve and reform the existing workplace risk assessment system, a key means to self-diagnose and mitigate risks of employer liability for workplace …
Supreme Court of Korea Affirms Abuse of Dominance for Tying Patent Licenses and Engineering Services in the Shipbuilding Industry
Lee & Ko’s Antitrust & Competition Group successfully represented three major Korean shipbuilding companies in the court action involving Gaztransport & Technigaz SA (GTT), the exclusive holder of key patents in technology for manufacturing/constructing membrane storage tanks used on liquefied natural gas carriers (LNG Carrier).
IP Issues and Implications Relating to ChatGPT
ChatGPT is a conversational artificial intelligence (AI) service based on Generative Pre-trained Transformer (GPT),[1] a language model grounded in artificial neural networks, developed by OpenAI. Launched in 2022, ChatGPT is trained with voluminous text-based data sets of garden-variety nature.