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Latham & Watkins LLP

29F ONE IFC, 10 GUKJEGEUMYUNG-RO, YEONGDEUNGPO-GU, SEOUL 07326, SOUTH KOREA
Tel:
Work +82 2 6292 7700
Fax:
Fax +82 2 6292 7701
Email:
Web:
www.lw.com

South Korea: Corporate and M&A

Corporate and M&A – Foreign firms
Corporate and M&A – Foreign firms - ranked: tier 3

Latham & Watkins LLP

Latham & Watkins LLP has boosted its capabilities with the recruitment of Wonsuk Kang, previously counsel at Freshfields Bruckhaus Deringer, to head its corporate and capital market practice. The practice draws on cross-departmental expertise to advise on investment and divestment activities for Korean businesses, as well as aiding foreign corporates on inbound transactions in Korea. The practice boasts an impressive list of well-known international clients including BNP Paribas, Barclays, Morgan Stanley and Temasek Holdings. Key contact Ji-Hyun Helena Kim is experienced in equity and debt capital markets transactions and cross-border M&As.

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South Korea: Projects and energy

Projects and energy – Foreign firms
Projects and energy – Foreign firms - ranked: tier 2

Latham & Watkins LLP

Latham & Watkins LLP's recently opened its Seoul office attracts international blue-chip financial sector clients who regularly instruct the ‘exceptional and client-focused’ team on project development and financial transactions.  Wonsuk (Steve) Kang has joined the practice from Freshfields Bruckhaus Deringer. In recent highlights, co-heads Joseph Bevash and Sungjin Kang are advising a group of Korean lenders in connection with the Duqm Refinery Project in Oman. Bevash and Clarinda Tjia-Dharmadi are working on project development and financing on the Cirebon 2 Power Project, an expansion of the Cirebon fired power plant in Indonesia.

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Legal Developments in South Korea

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Greater Reforms for Promoting Work-Life Balance – Changes to the Gender Equal Employment....

    Greater Reforms for Promoting Work-Life Balance – Changes to the Gender Equal Employment and Work-Life Balance Support Act
  • Lee & Ko successfully represents Big Hit Entertainment against unauthorized use of BTS’ photos

    Lee & Ko, on behalf of Big Hit Entertainment (“Big Hit”), obtained the first-ever decision in Korea to recognize the entertainment companies’ right to independently request for injunction against those who free-ride on the customer attractiveness that is based off of popularity and fame of the artists managed by the companies. This landmark decision is expected to serve as an important pedestal in protecting the legitimate interest of entertainment companies (domestic as well as international) that manage famous artists and entertainers and remain vulnerable to unfair competition of free-riders.
  • First- Ever Decision by the Supreme Court of Korea ...

    First- Ever Decision by the Supreme Court of Korea to Find Copyright Infringement in the Selection, Arrangement or Combination of Game Elements
  • Key International Tax Law Amendments in the Draft 2019 Tax Revision Bill

    On July 25, 2019, the Ministry of Economy and Finance publicly released the 2019 draft Tax Revision Bill (the “Draft Bill”). The Draft Bill is expected to be sent to the National Assembly on September 3, 2019 for deliberation and adoption.
  • Russian Court’s Judgment Recognized for Enforcement in Korea

    Recently, based on the premise that requirements for “mutual guarantee” or “reciprocity” in relation to the recognition and enforcement of foreign judgments can be allowed between Russia and Korea, a District Court of Korea rendered its decision which allowed a judgment concluded by a Russian court to be enforceable in Korea (see Changwon District Court, Decision 2018Gahap51099 held on January 17, 2019).
  • Korean National Assembly Passes “Blind Hiring” Bill to Reform Hiring Culture

    Recently, the National Assembly of Korea passed legislative amendments to the Fair Recruitment Procedure Act (“FRPA ”) as part of the reform efforts to address the country’s recruitment culture. The latest amendment – dubbed the “blind hiring” bill – expands the FRPA to prohibit any type of recruitment irregularities (e.g., improper solicitation, coercion, pressure) and, more importantly, bars employers from asking jobseekers to provide any information unrelated to the position and the applicant’s merit. The amended FRPA will go into effect starting July 17, 2019.
  • Korean Financial Supervisory Service Mandating Disclosure of Transaction Documents When Filing Repor

    Korean Financial Supervisory Service Mandating Disclosure of Transaction Documents When Filing Report on Material Facts
  • Successful Challenges to Korean Health Insurance Regulator’s 13-Year Old System...

    Successful Challenges to Korean Health Insurance Regulator’s 13-Year Old System of Automatic Reduction of Original Drug Price
  • Korean Supreme Court Confirms Licensee’s Standing to Challenge Patent Validity

    On February 21, 2019, the Supreme Court of Korea issued an en banc decision overruling its prior precedents on the issue of whether a licensee who is continuing to make royalty payments under an existing license agreement nevertheless has standing to challenge the validity of the licensed patent. In short, the Korean Supreme Court held that absent special circumstance, a patent licensee is an “interested party” eligible for challenging the validity of a licensed patent, despite the lack of any threat or potential threat posed by the patent holder against the licensee’s right to use the patented invention. (Supreme Court En Banc Decision No. 2017Hu2819).
  • Amendments to the KFTC Merger Review Guidelines

    The Korea Fair Trade Commission (the “KFTC ”) recently amended its Guidelines for Merger Review (the ”Guidelines ”), which took effect from February 27, 2019. The Guidelines now provide for particular issues relating to “innovation markets” and “big data” that will be considered during the KFTC’s review of mergers within R&D-intensive (i.e. innovative) industries.