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News & Analysis

FSC Unveils Network Separation Improvement Roadmap

30 August 2024 by Lee & Ko

- Expanding the Use of Generative AI and SaaS in the Financial Sector -

News & Analysis

Selected 2024 Tax Law Amendment Proposals

23 August 2024 by Lee & Ko

On July 25, 2024, the Ministry of Economy and Finance released the 2024 proposed tax law amendment proposals (“Proposals”)

News & Analysis

The MOTIE Amends Public Notice on Designation of NCT

01 August 2024 by Lee & Ko

The Public Notice on Designation of NCT(the NCT Public Notice) provides a detailed list of National Core Technology(NCT) protected under the Act on Prevention of Divulgence and Protection of Industrial Technology (the Industrial Technology Protection Act).

News & Analysis

FSC Announces Guidelines on Determining NFTs’ Status as Virtual Assets

12 July 2024 by Lee & Ko - South Korea

On June 10, the Financial Services Commission (FSC) released the “Guidelines on Determining NFTs’ Status as Virtual Assets” (Guidelines). This comes in preparation for the enforcement of the Act on the Protection of Virtual Asset Users (VAUPA), which will take effect on July 19, providing specific criteria for the applicability of the Act. Below, we will detail the specific contents of these Guidelines.

News & Analysis

Recent Developments Regarding Attorney-Client Privilege in Korea

12 July 2024 by Lee & Ko - South Korea

Attorney-client privilege has once again become a controversial topic in Korean legal practice as there have been reports that in recent criminal investigations, the Korean police and prosecutors have seized confidential attorney-client communications, even those under the custody of attorneys.

News & Analysis

KFTC Issues Administrative Notices for Merger Guidelines - to Implement Voluntary Commitments System and Reflect MRFTA Amendments -

01 July 2024 by Lee & Ko

KFTC Issues Administrative Notices for Merger Guidelines - to Implement Voluntary Commitments System and Reflect MRFTA Amendments -

News & Analysis

Concretizing Rights of Data Subjects in the AI Era - Implementation of the Second Amendment to the Enforcement Decree of PIPA

21 May 2024 by Lee & Ko

Following the amendment of the Personal Information Protection Act (promulgated on March 14, 2023, the Amended PIPA), the second amendment to its Enforcement Decree (the Second Amended Enforcement Decree) went into effect on March 15, 2024.

News & Analysis

MRFTA Amendments on Expansion of Merger Notification Exemptions and Introduction of Commitment Procedures for Merger Control

02 February 2024 by Lee & Ko

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.

News & Analysis

KFTC proposes ex-ante regulation of platforms under the “Platform Competition Promotion Act”

02 January 2024 by Lee & Ko - South Korea

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.”

News & Analysis

KFTC Issues Advance Notice on Amendment of Merger Review Guidelines

24 November 2023 by Lee & Ko - South Korea

Improvement of merger review process focusing on reflecting characteristics of the digital sector