JD Supra (JD Supra South Korea)

75 results for JD Supra (JD Supra South Korea)

  • 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...

  • 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...

  • 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...

  • The Implications of South Korea’s Relinquishment of its WTO Status as a Developing Country

    South Korea is one of the world’s most technologically advanced countries. The East Asian state is perhaps most well-known as the home of Samsung Electronics, which has contributed significantly to the country’s domestic economic growth. Although South Korea is still struggling with a large income gap and its current trade dispute with Japan, it is now Asia’s fourth-largest economy. This has...

  • Insights from the Airline Economics Growth Frontiers Korea 2019 Conference

    Matthew Leigh, an aviation finance partner in our Singapore office, led the Commercial Aviation Banking Panel at the Airline Economics Conference in Seoul at the end of March.

  • South Korea Taking Steps To Secure Data Transfer Blessing From EU

    Local data protection representative – the South Korea version. “South Korea updated its Act on the Promotion of IT Network Use and Information Protection (Network Act) in December 2018. Starting March 19, the law will require digital communications providers who deal with South Korean data but who have no physical presence in the country to establish a domestic representative to deal...

  • MarkIt to Market - January 2019: Korea Amends Various IP Rights Guidelines

    The beginning of 2019 brought some notable amendments to Korea’s intellectual property rights guidelines. On the trademark side, effective January 1, 2019, Korea’s Trademark Examination Guidelines were amended to include...

  • Korean National Assembly Addresses Workplace Bullying and Harassment through Two New Measures

    On December 27, 2018 the Korean National Assembly addressed workplace bullying and harassment in partial amendments to the Labor Standards Act (the “LSA”) and the Industrial Accident Compensation Insurance Act.

  • Proposed Changes to South Korea’s Personal Information Protection Act

    On November 2018, the South Korean National Assembly considered a bill to amend the Personal Information Protection Act (“PIPA”) to give the Personal Information Protection Commission (“PIPC”) enforcement powers of its own.

  • South Korea First

    South Korea is currently garnering a lot of attention in the cannabis industry following its legalization of some cannabis derivatives for medical purposes. The legalization comes as a surprise for many in the international community, particularly because South Korea has aggressively opposed cannabis — most notably by criminalizing the consumption of cannabis by South Koreans traveling abroad to...

  • Spotlight on Private Antitrust Enforcement at Seoul Forum

    Translation devices were provided at the 10th International Seoul Competition Forum in September, but when Korea Fair Trade Commission Chairman Sang-Jo Kim began discussing the benefits that treble damages and class actions can provide to public enforcement of antitrust laws, it was clear the chairman knew how to speak the language of American competition enforcement. The chairman expressly...

  • ASIA: A Legal Guide for Business Investment and Expansion: Korea

    1 .What role will the government of Korea play in approving and regulating foreign direct investment? As the Korean government has significantly liberalized foreign direct investment, its role in approving and regulating foreign direct investment has become relatively limited. Unless a prospective foreign investment (i) threatens national security and public order, (ii) harms public...

  • Average Wages as a Basis for Calculating Severance Pay: Definitions and Interpretation

    Under the applicable laws of Korea, an employer must pay its employees severance pay in the amount of at least 30 days’ average wages for each year of the employee’s continuous service for the employer. For example, an employee who has worked at the same job for 10 years, upon leaving that employer would be entitled to at least 10 months’ wages as statutory severance pay.

  • K-REACH Amendments Expected to Be Promulgated Shortly and Be Enforced January 2019

    The South Korean Ministry of Environment (MOE) announced on March 14, 2018, that amendments to the Act for the Registration and Evaluation of Chemicals (K-REACH) will be promulgated on March 20, 2018, and be enforced beginning January 1, 2019. As reported in our January 4, 2018, “Predictions and Outlook for U.S. Federal and International Chemical Regulatory Policy 2018,” MOE proposed changes at...

  • South Korea Launches WTO Dispute Against the U.S. Challenging Multiple Provisions of U.S. Law and Commerce Department Proceedings

    Last week, South Korea requested consultations with the United States at the WTO, launching a significant dispute that challenges both individual investigations and administrative reviews conducted by the Commerce Department, as well as broader aspects of U.S. antidumping and countervailing duty law.

  • South Korea Takes Fukushima Seafood Ban to WTO Appellate Body

    South Korea announced on Friday that it will appeal to the WTO Appellate Body a panel ruling in favor of Japan’s challenge to South Korea’s ban on imports of Japanese seafood products after the Fukushima nuclear incident, which occurred in 2011.

  • Danger in the Korean Peninsula: Ambush marketing and the Olympic Games

    For a few weeks every two years, the Summer and Winter Olympic Games offer brand owners and advertisers the opportunity to reach billions of people in hundreds of countries. The Summer Games in Rio 2016 reached a television audience of 3.2 billion people across the globe, while the 2014 Sochi Winter Games reached 2.1 billion and both Games also saw a digital audience of over one billion viewers....

  • South Korean Cryptocurrency Exchange Hacked (Again)

    As part of our Year in Preview series, we’ve recently covered both international cyberwar and the rise of cryptocurrency. Just before the holidays, both of these topics collided in a decidedly unpleasant manner. On December 19, the South Korean cryptocurrency exchange Youbit filed for bankruptcy, disclosing that it had just suffered a hack that made off with about one fifth of the...

  • Korean Patent Court Finds: Use of Outback motel mark unfairly competes with mark for restaurant services

    In a suit alleging trademark infringement and unfair competition, the Korean Patent Court concluded that the use of the mark “” in connection with “unmanned lodging services” used for so-called love motels with an image of a naked woman, did not infringe Outback Steakhouse’s trademark. But it did constitute unfair competition because that use harmed the good image and fame of the well-known mark

  • The Impact of Ordinary Wage Determinations on an Employer's Labour Costs in Korea

    Ordinary wages in Korea are made up of base salary and other compensation given to workers for the work they perform, which are given regularly, consistently and in a fixed manner. Calculation of ordinary wages in Korea is important because the amount of ordinary wages serves as a basis for the payment to workers of other benefits and compensation such as overtime and severance payments.

  • Sad Tale of a Trademark Fail

    Earlier this month, Unilever made headlines by accidently naming its new soap after Kim Jong Un. The shower gel line, created by a Korean designer and aimed at urban millennials in China, is called KJU.

  • Obtaining Statutory Damages for Trademark Infringement – A Cross Border Approach under the Trademark Act of the Republic of Korea

    ** Originally published by DRI in the DRI IP Committee newsletter** Recently the Korea Supreme Court issued a significant ruling, providing guidance on the availability of statutory damages in trademark infringement actions. This article discusses that ruling. Under the Trademark Act of the Republic of Korea (“the Act”), a trademark owner is entitled to receive compensation

  • Extraterritorial Application of Unfair Trade Laws: Foreign Government Agencies May Restrict U.S. Companies from Exercising Their IP Rights in the United States

    ** Originally published by DRI in August 2017 edition of For The Defense ** Intellectual property laws are aimed at allowing intellectual property owners to hold rights in their property for a certain period of time to the exclusion of all others. Exclusivity is the essential purpose of intellectual property rights. Conversely, the essence of fair trade laws is to prevent monopolies...

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