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It has been just over two months since one of South Korea's largest shipowners and operators, Hanjin Shipping Co Ltd ("Hanjin"), applied for court rehabilitation.

On June 28, 2016, the FSC announced the proposed legislation to partially amend the Insurance Business Act with a goal to, among other changes, deregulate insurance companies'...

The requirement for Korean insurance companies to account for their assets using IFRS9 from January 2018 is likely to raise capital-related issues for foreign-owned insurance companies in Korea...

The requirement for Korean insurance companies to account for their assets using IFRS9 from January 2018 is likely to raise capital-related issues for foreign-owned insurance companies...

The Minimum Wage Council under the Ministry of Employment and Labor (MOEL) has set the 2026 minimum wage at KRW 10,320 per hour, a 2.9% increase from the current 2025 rate of KRW 10,030.

The Amended Enforcement Decree introduces specific rules that were delegated by the March 2023 amendments to the Personal Information Protection Act, which also came into effect on March 15, 2024.

In 2017, the United States and the European Union entered into a Bilateral Agreement Between the United States of America and the European Union on Prudential Measures Regarding Insurance and Reinsurance.