White & Case LLP (JD Supra South Korea)
Hanjin Shipping Co., Ltd: Liquidation or a Different Path?
On September 1, 2016, a rehabilitation procedure was commenced in the Seoul Central District Court in respect of Hanjin Shipping Co., Ltd (Hanjin). This action followed many months of discussions between Hanjin and its creditors (both local and international) designed to reach a consensual restructuring, as a result of which various creditors had voluntarily agreed to postpone exercising claims....
KCAB issues revised international arbitration rules
The 2016 revised International Arbitration Rules (the "2016 Rules") of KCAB introduce changes that are more in line with other major international arbitration rules. The 2016 Rules apply to KCAB arbitration proceedings commenced after 1 June 2016.
South Korea: The case for arbitration - South Korea: Building for the future
Arbitration for dispute resolution has many potential benefits over litigation for South Korean companies involved in complex, cross-border projects. South Korean companies have been actively involved in international arbitration for some time, particularly in the construction sector, as they invest in and develop major infrastructure, oil and gas, and power projects across...
Playing by the new global competition rules - South Korea: Building for the future
Antitrust regulators around the world are becoming more aggressive and sophisticated in their investigation and enforcement activities, working in coordination across borders and imposing increasingly higher fines. South Korean companies are not exempt from this regulatory crackdown, and they need to be ready if faced with an investigation or enforcement.
South Korean companies: progress with risk in the United States - South Korea: Building for the future
South Korean companies have made great strides in the US consumer product market, yet they must be more proactive in preventing US class action lawsuits. South Korean companies have progressively exposed themselves to one particular threat that is characteristic to the US market, as they make inroads into the country: the risk of being targeted by consumer class action...
The lure of South Korea - South Korea: Building for the future
South Korea's "can-do" business attitude and healthy regard for innovation make it a top destination for foreign investment. South Korea is a dynamic, export-led economy that is actively sending a signal to global corporations that foreign direct investments are welcome there. A series of regulatory reforms implemented in recent years and investments in...
Global infrastructure: South Korea's vision - South Korea: Building for the future
South Korea is taking big strides globally with infrastructure financing, as both state-owned agencies and private banks fuel new investment in major ventures. With projects under way in countries as far flung as Mexico, Australia, China and India, South Korean companies today rank among the top players in large infrastructure investments globally. They have been able to...
Rising to the challenge: South Korea: Building for the future
South Korea is one of Asia's powerhouses, and its strong exports sector and willingness to adapt its economy make it highly attractive to investors. South Korea's economic development has been remarkable. It became the first nation to transition from being a recipient of the Organisation for Economic Co-operation and Development aid to becoming a donor itself. With a GDP of...