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South Korea

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Firms Of The Year Results 2023 South Korea

May 4, 2024

In-House Commun…

Firms Of The Year Results 2022 South Korea

April 19, 2023

In-House Commun…

Amendments to three data privacy laws in Korea and the implications

November 19, 2020

By Kwang-Wook Lee, Helen H. Hwang, Chulgun Lim and Keun Woo Lee of Yoon & Yang …

Recent revisions to the “Three Data Laws” on privacy protection in South Korea

April 6, 2020

The National Assembly of South Korea recently passed a bill to amend the so-called “Three Data Laws” of Korea — the Personal Information Protection Act, the Act on Promotion of Information and Communications Network Utilisation and Information Protection …

Korea’s 52-hour workweek system now applies to more businesses

March 10, 2020

Companies having fewer than 300 employees will now be required to comply with the mandatory 52-hour workweek regulation also …

The controversy over “different franchise fees” in Korea

February 4, 2020

In Korea, many franchisors require their franchisees to purchase franchise products from the franchisors. They do this to ensure a level of uniformity in the franchise business, enabling franchise customers to receive the same types and quality of goods from each franchise store …

Notes to foreign financial investment corporations that are starting businesses in South Korea

December 2, 2019

As of September 2019, there were 47,799 foreign investors registered with the Korea Financial Supervisory Service, including 36,190 institutional investors …

Amended Patent Act to increase value of Korean IP

October 30, 2019

The Act has recently been amended primarily to introduce punitive damages and relieve patentees of some responsibility to prove acts of infringement.

Impact of permit and reporting system on location information business in South Korea

October 23, 2019

Korea’s permit system is unlike legislation found in other countries, such as the EU or US.

New Changes in Korean Labour Law

September 18, 2019

Many foreign employers find Korean labour law to be a challenging obstacle to running a business in Korea, due to its complexity and the intensity of the regulations …

Responding quickly to personal information breaches in South Korea

August 28, 2019

What in-house lawyers should know in case of a personal information leak in Korea.

In Korea, a licensee is now considered an interested party who may invalidate a patent

August 2, 2019

On February 21, 2019, the Korea Supreme Court issued a decision making it clear that a licensee is an interested party who may file a petition to invalidate a patent for which he holds a licence …

The value of a citizen’s participation trial

June 26, 2019

Since February 2008, pursuant to the Act on Citizen Participation in Criminal Trials, defendants in many types of criminal cases in Korea have had the right to a “citizen’s participation” trial, where a group of five to nine jurors acts as both finders of fact and rulers on the law …

De-identification of personal information and corporate compliance

June 26, 2019

Civil judgment related to Korean Pharmaceutical Information Center case.

Korea promotes a new regulatory “sandbox” system to fuel innovation

May 23, 2019

Domestic Korean business organisations and foreign chambers of commerce have repeatedly complained about the highly regulated business environment in Korea …

Patent licensees may file a petition for trial to seek invalidation of the licensed patent

April 17, 2019

The Korea Supreme Court ruled on February 21, 2019 that a licensee who is granted the right to practise a patent is an interested party who may file a petition for a trial seeking invalidation of the same patent …

Tax liabilities in Korea for income generated from patents

March 13, 2019

Recently, the Supreme Court of Korea upheld a lower court judgment finding that under the Korea-US Income Tax Convention, where a foreign corporation has given a patent licence to a company in Korea …

Preventing allegations of breach of trust for management decisions in Korea

February 8, 2019

“Is there any chance that I will be accused of breach of trust if I proceed with this transaction?” …

Major amendments to the Product Liability Act

December 20, 2018

Since its introduction on July 1, 2002, the Product Liability Act has been enforced for the purpose of holding manufacturers, etc, liable for any damages caused to life, body or property resulting from defects of their products, according to the principle of absolute liability …

The Gig Economy: A challenge to conventional labour law

October 26, 2018

Both employers and workers should pay attention to the issues …

Major amendments to the Unfair Competition Prevention and Trade Secrets Protection Act

September 19, 2018

Following its amendment on April 17, 2018, the new provisions of the Unfair Competition Prevention and Trade Secrets Protection Act took effect on July 18, 2018 …

Cryptocurrency regulations and their prospects in Korea

September 13, 2018

Lawmakers and regulators have struggled to come to terms with bitcoin and other cryptocurrencies …

Amended Law on designation of Chief Information Security Officer by information and communications services providers

July 24, 2018

The amendment focuses on improving the safety of information and communications networks and protecting personal information.

“Fat finger” mistakes in the Korean stock market

June 13, 2018

Attention is being focused on typos made in transactions in the Korean stock market.

Copyright issues involving font files

May 2, 2018

According to the Supreme Court, the act of using a font itself does not constitute infringement of a copyright, but the act of “implementing” a font file does.

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