Dentons (JD Supra 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...

Strict Enforcement of Annual Update Registration Deadlines - 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. The Korean Fair Trade Commission ("KFTC") therefore recently implemented a new policy to identify dormant disclosure documents. The...