Legal Law Archives - Page 2 of 2

The Korean Law Blog by IPG Legal Law Firm Korean M and A

First-generation Korean e-commerce enterprises are currently working to integrate recently acquired businesses and create new business prospects in the fiercely

Beware of these Common Scams in Korea

In South Korea, like in many other countries, there are countless scams intended to trick people into giving away their

IPG Legal’s Korean Family & Divorce Law Practice in Korea

IPG Legal is one of the only law firms in Korea that caters to foreigners, the expat community and multinational businesses

What are the Main Imports into Korea? (Exporting to Korea)

Korea is one of the world’s largest importers of goods and services in the world. Opportunities for exporters to Korea

The Korean Law Blog by IPG Legal Law Firm

Starting a business is rarely simple, and doing so as an expat in Korea involves not just financial challenges, but

Tax Deductibility of Meal Allowances in Korea Increases to KRW 200,000

Effective at the beginning of 2023, the non-taxable cap for meal allowances was increased from KRW 100,000 to KRW 200,000.

Korean Minimum Wage in 2023

Korean Minimum Wage in 2023 Skip to content The Minimum Hourly Wage for 2023 in Korea is KRW 9,620. The

Length of Sentences for Korean Crimes Perpetrated in Korea

The length of sentences for crimes in Korea varies depending on the severity of the offense, the capabilities of your

IPG Legal’s Korean Commercial Law Practice

IPG Legal is a prominent client-focused law firm with its Korean Office based in Seoul, South Korea. IPG Legal’s Commercial

Appointing a Guardian in Korea under Korea’s Guardianship Law

Often we assist clients with family members or friends in Korea who are better off under the care of a

Appointment of a Guardian in Korea

Those abroad or in Korea frequently struggle to comprehend how to safeguard their elderly parents, or family members who are

Sean Hayes was Rated a Top 100 Attorney

Heartiest congratulations to Attorney Sean Hayes for being recognized as one of the top 100 lawyers in South Korea by

Korean Securities Transaction Taxes

Article 5 of the Presidential Decree of the Securities Transaction Tax Law of Korea was amended to lower taxes on

Detention of Criminal Suspects in Korea under Korea’s Criminal Procedure Law

The Korean Criminal Justice System works, in many aspects, very differently from the American, Australian, Canadian, Irish, UK and other

IPG Legal’s Immigration Law Practice in Korea

Korean Immigration Law is an evolving area of law in South Korea that often changes with the change of governments.

Joseon Sijeong Uigwe as Korea’s First Comprehensive Legal Code

The Joseon Sijeong Uigwe, a 1,893 volume legal code, is a comprehensive set of laws, regulations and rules that were

What are the Largest Exports from Korea?

South Korea is an export-focused economy with a growing local service sector. Korea is one of the Top 10 largest

Korean Dividend Distribution Procedures Amended by MOJ and FSC

At the beginning of this year Korean Financial Services Commission (“FSC”) and the Korean Ministry of Justice (“MOJ”) issued a

Korean Electronic Travel Application (K- ETA) Explained

K-ETA (Korea Electronic Travel Authorization) is an online electronic travel authorization for travelers without a visa to Korea that can

Introduction to the History of the Korean Legal System

The legal system of the Republic of Korea developed over 1000s of years. In the early years of Korean history,

Korean Security Token Law Amended: Korean Blockchain Law Basics

The Financial Services Commission (the “FSC”) in February of 2023 announced a plan to overhaul the Security Token legal regime

The Korean Law Blog by IPG Legal Law Firm Uncategorized

Proposed Amendments to the Monopoly Regulation and Fair Trade Law: Extending Merger Notification Exemptions and Adding a Voluntary Commitment System.

Attorney Lee from IPG Legal in the news. %

The Korea Times recently featured Attorney Seul-ki Lee of IPG Legal in a news article, and for all the right

International Law – The Korean Law Blog by IPG Legal Law Firm

The Hague Service Convention, also known as the Convention on the Service Abroad of Judicial and Extrajudicial Documents in Civil

IPG Legal’s Firm Profile on ChatGPT (Open AI)

IPG Legal is an international law firm headquartered in Seoul, South Korea, that provides a range of legal services to

Top 10 Business Opportunities for Entrepreneurs in Korea

IPG Legal and I have been helping Korean entrepreneurs and businesses navigate the Korean business climate for over two decades.

Why you Should Setup a Corporation in South Korea?

IPG Legal has assisted clients in the process of setting up a corporate entity in South Korea. Yes, it can

Steps to Set up a Business in South Korea

Setting up a corporate entity in South Korea involves several steps and can be complex. If you are setting up

Korean IP Law Korean Data Privacy –

The proposal to amend the Personal Information Protection Act of 2011 (the “PIPA”) was approved by the South Korean National

How to Retain an English-Speaking Attorney in Korea by Tom Coyner

There are excellent and ethical attorneys in every country; this is certainly also the case in Korea with Korean attorneys

Forming a Joint Venture in Korea? Beware a Common Pitfall

A client, a minority shareholder in a foreign-capital-invested company in Korea is involved in litigation with other company shareholders (Korean

Are you a victim of a Scam in Korea? Filing a Civil and Criminal Complaint in Korea Against a Fraudster

Being scammed or falling into a trap by fraudsters or scammers is one of the biggest nightmares for anyone. Unfortunately,

South Korea Offers a Variety of Business Visas for those Wishing to Conduct Business in Korea % Uncategorized %

Business Visas for Korea South Korea offers several types of business visas for foreign nationals who want to conduct business

Filing a Petition to a Korean Ministry of Employment & Labor’s Labor Office in South Korea

Filing a petition to the Korean Labor Office in Korea in your area is the first step for some employees

Korea Family Law The Korean Law Blog by IPG Legal Law Firm

Seeking a Korean divorce and navigating the Korean legal system can be emotionally challenging, even more so if you’re a

14 Things to Consider Before Starting a Manufacturing Business in South Korea

Korea, in many cases, is a better choice for the manufacturing of chemical, petroleum, construction equipment, complex crafted metals, specialty

Korean Jurisdictional and Choice of Law Issues in Commercial Agency & Distributor Agreements with Korean-based Agents & Distributors

In drafting and negotiating a Korean commercial agency agreement between a principal located in one country and an agent located

Do you Need to Enter the Korean Market via a Joint Venture/Partnership?

One of the major parts of our law practice here at IPG Legal for international clients, in Korea, is the

The “2023 Proposal” to the Korean Electronic Financial Transactions Act

On May 11, 2023, the National Policy Committee of the Korean National Assembly passed a bill known as the “2023

Employment agreements in Korea – Korean Employment Law

Non-compete clauses in Korean employment contracts are enforceable in Korea, but there are some limitations and requirements that must be

Divorce Lawyers in South Korea

IPG Legal attorneys handled divorces, child custody, Hague child abduction cases, and asset division cases for foreigners residing in Korea

Is a Non-Registered Company Director in Korea an Employee under Korean Labor Law

Many non-Korean workers for Korean and international companies doing business in Korea are hired under the title Director. Many of

What Should I do if I Receive a Korean Summons for a Criminal Investigation in Korea?

CAN KOREAN POLICE ISSUE AND ENFORCE A SUMMONS EVEN WHEN THE SUSPECT RESIDES ABROAD? Yes. The Korean Criminal Procedure Law

Right Against Self-Incrimination in Korea

In a Korean trial known as the “Namsan 300 Million Won Case,” two prominent figures, former Shinhan Bank Chairman Shin

Don’t Forget the Due Diligence in Korea

I just received a phone call from a prospective client with a wonderful product that has been offered a sweetheart

Pending Bill in Korea Aims to Protect Crime Victims’ Identities

Korea has many protections in place to protect the privacy of individuals, however, a concerning issue has come to light,

Can you claim severance pay from a Non-Korean Employer?

Severance Pay is a payment which the employer is required to pay an “employee” for a retiring, terminated or resigning

Korean Litigation Korean Litigation % %

The Korean Supreme Court has recently rendered a judgment highlighting the requirements for Korean courts to accept the service of

Korean Cargo Claims under Korean Maritime Law Korea Maritime Law

If you’ve ever wondered how to bring cargo claims under the Maritime Law/Shipping Law in Korea when South Korea is

Termination of a Franchise Agreement in Korea: Korean Franchise Law Basics

The Fair Transactions in Franchise Business Act (“Franchise Act”) and the Fair Transactions in Large Franchises and Retail Business (“LFBA”)

Trademarks Registration in Korea: Don’t Just Trust Us

Our friends over at the China Law Blog have posted on an intellectual property issue that leads to a good

Uncategorized The Korean Law Blog by IPG Legal Law Firm

In Korea, an employment relationship is generally established through an employment contract between the employer and the employee. However, it’s

Korean Flat-Tax Rate for Foreign Workers in Korea

The Special Tax Treatment Control Law of Korea extended the benefit of the Flat Tax to 20 years from the

Korean Franchise Law Definition of a Franchise

A franchise, in general, in the Republic of Korea (“Korea”) is a continuous business relationship under which a Franchisor allows a

Establishing Business with Korea via an Agent: Korean Agency Law Basics

For some companies wishing to establish business with Korea, the use of a commercial agency relationship may be an ideal

Opening & Managing a Bank Account in Korea

My friends at the Korean Tax Blog have an article on some difficulties with banking in Korea. I recommend reading

Korean Free Trade Agreements: Korean FTA Chart

Free Trade Agreements Executed by the Republic of Korea (“South Korea” or “Korea”) South Korea currently maintains 21 comprehensive free

Korean Tax Law The Korean Law Blog by IPG Legal Law Firm

Can freelance workers apply for Korean National Pension Deductions when Calculating their income tax? Yes, freelance workers in Korea can

The Korean Law Blog by IPG Legal Law Firm

The Serious Accident Punishment Act (“SAPA”) was passed by the Korean National Assembly and came into effect on January 27,

Amendment to Korea’s Industrial Accident Compensation Insurance Law

Effective July 1, 2023, the scope of application of the Korean Industrial Accident Compensation Insurance Law was extended to include,

Dual-Class Shareholdings in Korea: Korean Corporate Law Updates

Prior to the recent amendment to the Special Measures for the Promotion of Venture Businesses Act, Korea was an outlier

Valid and Enforceable Contracts in Korea: Korean Contract Law Basics

In Korea, contracts are agreements that are legally binding and enforceable under the law. They can be created for a

Liability of Persons who have Lent their Names

In Korea, the person who is actually the subject of rights and obligations, often differs from the nominee such as

Applying for Veteran Disability Benefits from Korea, Japan, and the Philippines

Applying for Veteran Disability Compensation can be a long, stressful and frustrating process especially when you are living abroad. We

Korean Common Law Marriage

While the concept of a Korean Common Law Marriage (since Korea has no concept of a Common Law) does not

Korean IP Law The Korean Law Blog by IPG Legal Law Firm

Chat GPT by OpenAI has increased employee productivity and some employers have even incorporated it into their work systems for

Foreigners Divorcing in Korea

Expats without a marriage registered in Korea, can, typically, divorce in Korea. If a marriage is registered in a country

How to Renounce your Korean Citizenship

The Korean National Assembly passed, in September of 2022, a bill to clarify and revise the procedures for the renunciation

Korean Extradition Law Explained by IPG Legal

Korean Extradition Law is based on international treaties, Korean jurisprudence, and Korean statutory law. Korea is a party to 78

Korean Forum Non-Convenience Law on Int’l Jurisdiction

The main law that governs international jurisdiction over cases in Korean courts is Korea’s Private International Law Act. A major

Korean Statute of Limitations for Unpaid Wages in Illegal Worker Dispatch Cases in Korea

The Supreme Court of Korea ruled in April of 2023 for the first time on the statute of limitation for

Korean Corporate Tax Rate

The Korean Corporate Income Tax law was amended to lower Korean corporate income taxes for 2023. The amendment is applicable

Punishment in Korea for Not Paying Korean Child Support

Korea has legal tools in place to punish a person who refuses to pay child support. We advise, if you

Legal Reserve of Inheritance for an Estate in Korea

Korea’s Legal Reserve of Inheritance/mandatory share of inheritance (유류분/遺留分) is a specific portion of an inheritance given to heirs notwithstanding the will.

Minimum Capital Requirements for Setting Up a Corporation in Korea

My friend at the Korean Tax Blog has an excellent post on the minimum capital requirement for setting up a

Korean Constitutional Court Strikes Down North Korean Anti-Pamphlet Law

The Constitutional Court of the Republic of Korea, a court I worked for six years, struck down a law from

Exercising Korean Stock Options in Companies in Korea under the Korean Commercial Code

Stock options, in Korea, are often provided to senior foreign and domestic employees of companies in Korea. For stock options,

Renouncing an Estate/Inheritance under Korean Law

A typical matter of a party renouncing an estate in Korea commences when a family member in Korea requests the

Happy Veterans Day

Wishing all that served their country in the military, a happy and healthy Veterans Day. Similar Posts: Happy Veterans Day

Korean Inheritance Law on Registration of Inheritances in Korea

My friends at The Korean Tax Blog have an excellent post called Your Complete Guide to Estate Registration in Korea.

Guide to Winding-Up/Closing a Korea-based Company: Korean Company Liquidation Procedure

Any business in Korea that is registered as a corporation must wind up/liquidate the company to legally close the business

Consideration and the Statute of Frauds Under Korean Contract Law

A contract, in Korea, is still binding on the parties, in most cases, even if the contract contains no consideration.

Collecting an Unpaid Invoice from a Korean Bankrupt Debtor

Before Engaging in a Relationship with a Korean Company 1. Before engaging in any work or giving a Korean company

Korean Exit Bans for Not Paying Taxes, Custom Duties and Violations of Korean Law

The Korean Immigration Control Act and related acts allow the potential to permanently impose an exit ban from Korea on

Top 100 Korean Lawyers & Legal Consultants in Korea

Sean Hayes, head of the Top Korean Dispute Resolution Law Firm of the Year was rated by LawAsia, one of

Korean Labor Standards Act Basics

The Korean Court System has been less reluctant, in recent years, to deem a Korean independent contractor an “employee” under

Korea to Allow Visas for Foreign Restaurant Workers: Korean E-9 Visa Updates

The major Korean and English-language vernaculars announced that non-skilled (e.g. not chefs) foreign workers wishing to work in restaurants shall

Korea-Ecuador Free Trade Agreement

The Republic of Korea (“South Korea”) and the Republic of Ecuador (“Ecuador”) executed this month a Strategic Economic Cooperation Agreement.

Is a Bankruptcy in the U.S. “Effective” on Assets in Korea?: Korean Bankruptcy Law Basics

The following article on the interplay between Korean Bankruptcy Law and foreign bankruptcy laws was motivated by a question from

Forming a Joint Venture in Korea, China & Southeast Asia: Listen to My Mother

My mother often told me, when I was much younger, to look both ways before crossing the street; carry an