JD Supra South Korea

JD Supra
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Latest documents

  • Korea Launches Powerful Anti-Corruption Investigative Body

    Companies with business operations in Korea should assess the risk of possible violations subject to the CIO’s jurisdiction. 
 Gwon-lyeog-hyeong bi-li, a Korean phrase that translates as “power-type corruption” in English, refers to corruption involving senior government officials. In January 2021, the Korean government launched the Corruption Investigation Office for High-Ranking Officials (CIO) to investigate this type of corruption along with other crimes committed by senior government officials. Given the CIO’s expansive authority, companies with business operations in Korea are advised to assess the risks associated with interacting with high-ranking government officials in Korea.
 Please see full Alert below for more information.

  • Phase 1 Clinical Trial of Aflibercept (Eylea®) Biosimilar Completed by Alteogen

    Alteogen recently announced that it has successfully completed a Phase 1 clinical trial for its Eylea® biosimilar, ALT-L9. Alteogen conducted the clinical trials in South Korea, where its headquarters are located.

  • 2021 Venture Capital Guide - South Korea

    World Law Group member firms recently collaborated on a Global Venture Capital Guide that covers more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on Venture Capital deals (and more!).

  • K-OSHA Amendments Effective January 16, 2021

    We write to alert you to an important and imminent deadline. Consideration for confidential business information (CBI) for hazardous substance ingredient disclosure on safety data sheets (SDS) will require formal submission and approval in South Korea starting January 16, 2021.

  • Asia-Pacific Signals Strong Commitment to Economic Integration and Cooperation with RCEP Signing

    After eight years of negotiations, the Regional Comprehensive Economic Partnership (RCEP)—covering 15 economies in the Asia-Pacific region, accounting for 30 percent of the global population, 30 percent of global GDP, and 34 percent of global investment flows—was finally signed on November 15, 2020. The RCEP is expected to enter into force in 2021.

  • Privacy vs. Pandemic Control in South Korea

    The Republic of Korea (South Korea or ROK) had been tracking the spread of the novel coronavirus in a manner sensitive to the privacy of its citizens, but the government has now admitted that personally identifiable data is crucial to its efforts and may be kept for the long term.

  • COVID-19 related subsidies available for employers in South Korea

    Like many other countries, South Korea has experienced its share of challenges caused by the COVID-19 virus. Although Korea, as a whole, has avoided the need for lock-downs, mass business closures, and the like, the country’s economy has nonetheless suffered. In particular, the retail sector, as well as larger industries, such as the automotive sector, hospitality, airlines, etc. have been hit hard.

  • SOUTH KOREA: COVID-19 (Coronavirus) – Employer FAQs

    In response to the COVID-19 outbreak, the government of South Korea has implemented strict measures to combat it.  The following Frequently Asked Questions (FAQs) are designed to address some of the more common questions that employers with operations in South Korea currently face, including how to handle safety and health rules, travel restrictions, privacy of…

  • How AI Can Help South Korea’s Political Risk

    On April 15, 2020, South Korea’s next legislative election will be held to fill the 300 seats of the National Assembly. While President Moon Jae-in’s Democratic Party is expected to perform well in the election, the recent coronavirus (COVID-19) outbreak has sparked public anger over the president’s and the government’s response to the crisis.

  • South Korea’s Hydrogen Energy Initiative

    As the impacts of climate change compound, emissions-free energy alternatives have gained traction around the globe. The solar energy market, for instance, is growing in many parts of the world, including India, China, Japan, Morocco, Germany, and the US. One energy alternative that has not yet gained as much attention as solar energy is hydrogen power. Still nascent, hydrogen energy has yet to prove itself as a competitor in the global sustainable energy market....

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