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Wilson Elser Moskowitz Edelman & Dicker LLP
Approximately 16,000 foreign companies are doing business in Korea in various industries including finance, technology ...
Yulchon LLC
The Stewardship Code is a set of principles or guidelines on fiduciary responsibilities released on December 19, 2016 by Korea Corporate Governance Service.
Kim & Chang
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.
Kim & Chang
Beginning August 1, 2016, Korea's revised law on the corporate governance of financial companies took effect. On the same day, the FSC announced its year-long review of controlling shareholders...
Kim & Chang
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"...
Yulchon LLC
On February 4, 2016, the National Assembly of the Republic of Korea passed the "Special Act on Revitalizing Companies," which is commonly referred to as the "One-Shot Act"...
Yulchon LLC
The "FSC" announced on February 1, 2016 that it intends to reform the existing regulatory regime applicable to foreigners investing in listed securities by introducing integrated accounts...
Yulchon LLC
The AGFI adopts enhanced soundness standards by employing broadened qualification tests for major shareholders.
Lee & Ko
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.
Yulchon LLC
On December 3, 2015, the National Assembly of Korea passed the Act on Fair Transactions with Dealers. To take effect on December 23, 2016, the Act will be applicable to the contracts...
Fieldfisher LLP
South Korea has a franchise specific law ("Franchise Act") which imposes registration and disclosure obligations on franchisors.
Since 2008 Korean franchise law has imposed registration and disclosure obligations on franchisors. In recent years this has seen a steady increase in the number of disclosure document registrations.
K&L Gates
A Presidential Decree is expected to provide further guidance for amendments to South Korea's franchise legislation.
Kim & Chang
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.
Bae Kim & Lee PC
The Korean Fair Trade Commission (KFTC) reviewed its overall fair trade regime in 2006 and proposed a total of 34 items to amend in the Monopoly Regulation and Fair Trade Act (Fair Trade Act) and its Enforcement Decree.
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