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DEAL OF THE MONTH - SEPTEMBER 2022

22 September 2022 by asialaw

asialaw's Deal of the Month for September 2022 is...

News & Analysis

MRFTA Amendments on Expansion of Merger Notification Exemptions and Introduction of Commitment Procedures for Merger Control

02 February 2024 by Lee & Ko

On January 25, 2024, the Korea Fair Trade Commission (KFTC) proposed amendments (Amendments) to the Monopoly Regulation and Fair Trade Act (MRFTA) were approved by the National Assembly of Korea.

News & Analysis

KFTC proposes ex-ante regulation of platforms under the “Platform Competition Promotion Act”

02 January 2024 by Lee & Ko - South Korea

On December 19, 2023, the Korea Fair Trade Commission (“KFTC”) announced its proposal to enact the “Platform Competition Promotion Act” (“PCPA”) for ex-ante regulation of platforms by designating “dominant platform operators.”

News & Analysis

KFTC Issues Advance Notice on Amendment of Merger Review Guidelines

24 November 2023 by Lee & Ko - South Korea

Improvement of merger review process focusing on reflecting characteristics of the digital sector

News & Analysis

Guidelines on Foreign Exchange Business of Foreign Financial Institutions

13 November 2023 by Lee & Ko - South Korea

On October 18, 2023, the Guidelines on Foreign Exchange Business of Foreign Financial Institutions (the Guidelines) were established and implemented to open the domestic foreign exchange market to the outside world.

News & Analysis

Highlights of the FY2023 Tax Law Amendment Proposals

29 August 2023 by Lee & Ko - South Korea

The Korean Ministry of Economy and Finance (MOEF) confirmed and announced the FY2023 tax law amendment proposals on July 27, 2023 (Proposals).

News & Analysis

The Future of the Food Industry: Food Tech

27 July 2023 by Lee & Ko

With significant development in dietary supplements and alternative food industry in recent years, Korean government announced alternative food (e.g., plant-based meet, cultured meat, insect based meat, etc.), dietary supplement and medical food (i.e., specially formulated food for patients with certain symptoms or nutritional needs) as industry sectors for future development.

News & Analysis

Strengthening Regulation of Unfair Trading through Amendment of FISCMA

24 July 2023 by Lee & Ko - South Korea

A proposal for partial amendment (Amendment) to the Financial Investment Services and Capital Markets Act (FISCMA) for the purpose of strengthening the regulation of unfair trading passed the plenary session of the National Assembly of Korea on June 30, 2023 and was promulgated on July 18, 2023.

News & Analysis

Enactment of the Special Act on the Promotion of Dispersed Energy & Amendment to Electric Utility Act

05 July 2023 by Lee & Ko - South Korea

The Special Act on the Promotion of Dispersed Energy (the Dispersed Energy Act) was recently enacted as of June 13, 2023 and, on the same date, the amendment to the Electric Utility Act (also known as the Electricity Business Act) (the Amendment) was also promulgated, both of which will come into force as of June 14, 2024.

News & Analysis

Latest Update to “Guidelines for Workplace Risk Assessment“ to Impact Businesses in Korea

31 May 2023 by Lee & Ko - South Korea

On 22 May 2023, the Ministry of Employment and Labor (MOEL) announced a significant update to its “Guidelines for Workplace Risk Assessment“ (Guidelines), effective immediately.