The significance of this case is that it is the first Supreme Court decision on the application of the VAT rules to Mileage Purchase.

The end result, however, has been legislation that is oftentimes inefficient, inconsistent, and complicated.

Effective January 27, 2024, the Serious Accident Punishment Act (SAPA) entered into force against small-sized businesses (businesses with 5~49 regular employees)...

On January 25, 2024, the Korea Fair Trade Commission (KFTC) proposed amendments (Amendments) to the Monopoly Regulation and Fair Trade Act (MRFTA) were approved by the National Assembly of Korea

It has been a year since the introduction of the special tax provision that enables taxpayers to treat foreign pass-through entities, which may not be considered as such in Korea, as pass-through entities for Korean tax purposes.

On December 19, 2023, the Korea Fair Trade Commission (KFTC) announced its proposal to enact the "Platform Competition Promotion Act" (PCPA) for ex-ante regulation of platforms by designating "dominant platform operators."

The "Carbon Dioxide Capture, Usage and Storage Act" proposal has been passed at a plenary session of the National Assembly on January 9, 2024 and is scheduled to come into effect one year after its promulgation.

We have analyzed domestic intellectual property application statistics and IPTAB trial statistics for 2023 based on the intellectual property statistics published by the Korean Intellectual Property Office in January 2024.

On April 14 2016, the MOSF also issued an administrative notice (the "Notice") setting forth the guidance on how and by whom the CRITI may be prepared and filed.

Starting in 2017, the pollution controls applicable to businesses in the 20 industries with the most significant environmental impact will be gradually integrated to streamline the licensing...

The Korea Fair Trade Commission's (KFTC) proposed amendment to the Fair Transactions in Subcontracting Act (Subcontracting Act) was approved by the National Assembly during its plenary session...

Financial regulators will be reinforcing regulations on short selling activities in light of continued criticism that ordinary investors are being unfairly affected by short selling activities.

The term "Korea discount" made headlines of major newspapers for quite a while since 2022. Korea discount is a term used to describe a phenomenon in the stock market where equities traded on Korean stock exchanges are undervalued compared to global peers.

The Implementation Act of the Arrangement between Korea and Taiwan for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income ...

Facilities presenting high environmental risk required to purchase environmental liability insurance...

In March 2016, the KMA, an association of more than 100,000 Korean physicians, won a decisive victory over the KFTC when the Seoul High Court entirely overruled the KFTC's sanctions...

As cross-border licensing and settlement agreements become increasingly common and tax authorities intensify scrutiny of license fees, royalty payments, and other similar consideration (Royalties), understanding how Royalty payments are sourced for tax purposes is critical.

On 28 June 2016, the Korean government enacted an amendment to the Enforcement Decree of the FSCMA which, among others, expands the exception to the Chinese wall regulations . . .

On January 31, 2024, the Personal Information Protection Commission announced "Policy Direction for the Protection of Online Behavioral Data Used in Targeted Advertising".

In Korea, news articles related to the grant or exercise of stock options by various companies are frequently observed.