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04 December 2023 by
In a recent case concerning shareholders’ contractual rights in rehabilitation proceedings, Korea’s Supreme Court held that a contract which grants the shareholders the right to consent
24 November 2023 by
Improvement of merger review process focusing on reflecting characteristics of the digital sector
13 November 2023 by
On October 18, 2023, the Guidelines on Foreign Exchange Business of Foreign Financial Institutions (the Guidelines) were established and implemented to open the domestic foreign exchange market to the outside world.
06 November 2023 by
On September 25, 2023, Korea’s Financial Services Commission (“FSC”) announced a legislative notice for a proposed amendment to the Enforcement Decree of the Financial Investment Services and Capital Markets Act (the “FSCMA”).
10 October 2023 by
On August 24, 2023, the Ministry of Justice (the “MOJ”) announced partial amendments to the Commercial Act of Korea to bolster regulations on corporate governance and protection of shareholders.
04 September 2023 by
Voluntary carbon market (“VCM”) is a truly unique marketplace where private actors buy and sell carbon credits to remove or reduce greenhouse gases (GHG) in the atmosphere.
29 August 2023 by
The Korean Ministry of Economy and Finance (MOEF) confirmed and announced the FY2023 tax law amendment proposals on July 27, 2023 (Proposals).
08 August 2023 by
Recently, there has been an increasing number of cases where the Prosecutor’s Office (“PO”) initiated investigations on antitrust matters traditionally taken up by the Korea Fair Trade Commission (the “KFTC”), such as violations of the Monopoly Regulation and Fair Trade Act (the “MRFTA”) and bid rigging.
27 July 2023 by
With significant development in dietary supplements and alternative food industry in recent years, Korean government announced alternative food (e.g., plant-based meet, cultured meat, insect based meat, etc.), dietary supplement and medical food (i.e., specially formulated food for patients with certain symptoms or nutritional needs) as industry sectors for future development.
24 July 2023 by
A proposal for partial amendment (Amendment) to the Financial Investment Services and Capital Markets Act (FISCMA) for the purpose of strengthening the regulation of unfair trading passed the plenary session of the National Assembly of Korea on June 30, 2023 and was promulgated on July 18, 2023.