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  • Article

    Business Matters: Edition 46 – Kim Chang And Jake Julian (Video)

    In this episode John speaks to Kim Chang about preparing for this summer's Island Games and Jake Julian
    Hong KongCorporate/Commercial Law
    The Sovereign Group
    The Sovereign Group
  • Article

    Amendments to Act on Prevention of Divulgence and Protection of Industrial Technology

    When some overseas transactions could pose a serious risk to national security, various measures will address the risk.
    South KoreaEnvironment
    Kim & Chang
    Kim & Chang
  • Article

    Korea's Environment Ministry Preparing Tougher And More Expansive Regulations For Chemical Substances & Products

    Korean public interest in chemical safety has been higher than ever. The public has been hearing news reports that continue to raise health and safety risks...
    South KoreaEnvironment
    Kim & Chang
    Kim & Chang
  • Article

    Korean Supreme Court Announces New Civil Procedure Rules On Page Limit And Other Administrative Requirements For Briefs

    The Korean Supreme Court has recently announced changes to the rules of civil procedure, which are applicable to all civil case briefs filed on or after August 1, 2016 (including in pending cases).
    South KoreaLitigation, Mediation & Arbitration
    Kim & Chang
    Kim & Chang
  • Article

    Amendment to Employee Retirement Benefits Security Act

    Companies established after the amendment becomes effective must set up a retirement pension system within one year.
    South KoreaEmployment and HR
    Kim & Chang
    Kim & Chang
  • Article

    Report on the Future Plans of KFTC (Korea Fair Trade Commission)

    The Korea Fair Trade Commission reported its future plans to closely monitor any cartels or unfair trade practices.
    South KoreaAntitrust/Competition Law
    Kim & Chang
    Kim & Chang
  • Article

    MOE Has Begun Disclosing Results From The 2015 Statistical Survey Of Chemical Substances

    This first set involved data submitted by companies, which did not file a data protection application earlier this year.
    South KoreaEnvironment
    Kim & Chang
    Kim & Chang
  • Article

    Horizontal Monitoring System

    Mr. Sang Ryule Han, the Commissioner of the National Tax Service ("NTS"), announced a plan for the NTS to newly introduce the "Horizontal Monitoring System" in 2009 during an award ceremony held by the EU Chamber of Commerce in Korea on December 10.
    South KoreaTax
    Kim & Chang
    Kim & Chang
  • Article

    Korea-U.S. Free Trade Agreement ("KORUS FTA") ratified by Korean National Assembly

    The KORUS FTA is considered as the most ambitious bilateral free trade agreement entered into by both Korea and the U.S.
    South KoreaInternational Law
    Kim & Chang
    Kim & Chang
  • Article

    Regulations On Bank And Bank Holding Company Ownership To Be Relaxed

    On December 3, 2008, amendments to the enforcement decrees for the Bank Act and the Financial Holding Company Act respectively were promulgated, resulting in the relaxation of the test for a "non-financial business operator" ("NFBO") whose ownership of a bank or bank holding company is restricted.
    South KoreaCorporate/Commercial Law
    Kim & Chang
    Kim & Chang
  • Article

    Amendment to the Internet Address Resource Act

    An amendment to the Internet Address Resource Act ("IARA") providing protection of domain names in Korea was announced on June 9, 2009, and will be effective as of September 10, 2009. The major provisions of the amendment are as follows.
    South KoreaIntellectual Property
    Kim & Chang
    Kim & Chang
  • Article

    The Patent Court Publishes Guidelines For Appeals Of IP Infringement Cases

    As a result, the Guidelines essentially articulate specific procedures to be followed in most appellate IP cases in Korea going forward
    South KoreaIntellectual Property
    Kim & Chang
    Kim & Chang
  • Article

    Standardization of patent examination sought by IP5

    IP5, the five major intellectual property offices including the European Patent Office ("EPO"), the United States Patent and Trademark Office ("USPTO"), the Japan Patent Office ("JPO"), the State Intellectual Property Office of the People’s Republic of China ("SIPO"), and the Korean Intellectual Property Office ("KIPO"), announced that they are seeking to standardize patent examination. Applications filed with IP5 account for about 77% of the worldwide patent applications.
    WorldwideIntellectual Property
    Kim & Chang
    Kim & Chang
  • Article

    FSC Announces The Proposed Partial Amendments On The "Deregulation Of The Insurance Business Act Including The Investment Of [A]ssets"

    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'...
    South KoreaInsurance
    Kim & Chang
    Kim & Chang
  • Article

    To Redevelop Aging Urban Logistics Facilities, Korea Introduces New System For Developing Urban High-Tech Logistics Complexes

    On June 30, 2016, certain amendments to the Act on Development and Management of Logistics Complexes (the "Act"), and the enforcement decrees and regulations....
    South KoreaReal Estate and Construction
    Kim & Chang
    Kim & Chang
  • Article

    Regulatory Reform: FSC Eases Various Licensing And Eligibility Requirements For Asset Management Companies

    On May 11, 2016, the FSC announced comprehensive plans to reform the licensing policies and regulations to promote market competition and innovation in the Korean asset management industry.
    South KoreaCorporate/Commercial Law
    Kim & Chang
    Kim & Chang
  • Article

    Supreme Court's Exceptional Decision On Performance Guarantee Deposit Despite Contractual Language

    On July 14, 2016, the Supreme Court reversed the lower court's decision in the lawsuit brought by a consortium of investors led by Hanwha Chemical Corporation (such consortium, "Hanwha") against the "KDB"...
    South KoreaCorporate/Commercial Law
    Kim & Chang
    Kim & Chang
  • Article

    Matheson And K&C Advise On Ireland's Largest Battery Energy Storage Systems

    These BESS projects (at 200MW in total) are the largest of their kind in Ireland and one of the largest in Europe.
    IrelandEnergy and Natural Resources
    Matheson
    Matheson
  • Article

    Korea's Top Financial Regulator Announces Proposed Amendments To The Presidential Decree Of The FSCMA On Qualified Professional Investors

    On June 27, 2016, the Financial Services Commission ("FSC") announced the proposed amendments to the Presidential Decree to the Financial Investment Services and Capital Markets Act (FSCMA).
    South KoreaFinance and Banking
    Kim & Chang
    Kim & Chang
  • Article

    Korea's Strategy And Finance Ministry Proposes Tax Law Changes For 2017

    MOSF has submitted the draft tax law amendment to the National Assembly.
    South KoreaTax
    Kim & Chang
    Kim & Chang

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