Imagine being a foreign employer in Korea and maintaining a business operation with over 50 local employees. Imagine further that amongst these employees, one individual has been missing his sales targets...

In May 2016, a Korean taxpayer won its victory over the Korean tax authority when the Seoul High Court overruled the tax authority's assessment against the taxpayer...

As a general rule, the Korean Commercial Code (KCC) forbids a company from acquiring its own shares (treasury shares) in accordance with principles of capital adequacy.

Korea Customs Service ("KCS") has been well recognised for its proactiveness, both internationally and domestically, especially when it comes to customs audits.

Korea recently published new regulations containing detailed implementation guidance in regard to Global Minimum Tax (OECD Pillar Two).

The amendments to the Act on Promotion of Information and Communications Network Utilization and Information Protection and the Personal Information Protection Act...

On July 22, 2020, the Ministry of Economy and Finance publicly released the 2020 draft Tax Revision Bill (the ‘Draft Bill').

On February 28, 2018, the National Assembly of Korea passed legislative amendments designed to reform the Labor Standards Act. We have summarized the notable changes below...

On June 30, 2016, government authorities responsible for enforcing data protection and privacy laws and regulations jointly announced the "Comprehensive Guide to Data Protection and Privacy Laws and Regulations".

On January 25, 2024, National Assembly passed an amendment bill that increases the limit of punitive damages compensation from treble to quintuple under the Patent Act and the Unfair Competition Prevention and Trade Secret Protection Act (the UCPA).

The draft presidential decree regulations, released on January 23, 2024following 2023 Tax Law Amendment announced, has been revised, finalized and published by the Ministry of Economy ...

Tax Disputes Comparative Guide for the jurisdiction of South Korea, check out our comparative guides section to compare across multiple countries