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News & Analysis

2023 Capital Markets Regulation Trends and its Impacts on Corporations

18 January 2023 by Hyunjoo Oh, partner, Lee & Ko

Much of what was discussed in the new administration's capital market policy prospects in early 2022 was carried over from election pledges. That may be why the general market protection policy was widely deployed. Regulatory authority’s intention to regulate unfair trade has been announced several times and is reflected in regulation and supervision in a variety of ways. Robust financial supervisory authorities, a revived joint investigation team for securities crimes at the prosecutor’s office, and special provisions regarding listed companies in the Financial Service and Capital Markets Act of Korea (“FSCMA”) are actively working together. Let's take a look at the impact this regulatory trend will have on listed companies in 2023.

News & Analysis

Korea’s Draft Amendment to the Civil Act May Mean Statutory Protection for ‘Right of Publicity’

17 January 2023 by Lee & Ko - South Korea

As the use of content platforms continues to grow around the world, Korea is revisiting the debate on who should be allowed to benefit from a person’s name, likeness, or other indicia of personal identity. In a global environment where almost anyone can obtain public notoriety, Korea is seeking to foster a balanced approach to unfair competition and IP enforcement by bolstering statutory protections during a time when avenues to profit from individual rights of publicity have expanded.

News & Analysis

KFTC Proposes Revisions to Merger Review Guidelines and Merger Filing Guidelines

14 December 2022 by Lee & Ko - South Korea

The Korea Fair Trade Commission (“KFTC”) proposed revisions to the Merger Review Guidelines and the Merger Filing Guidelines to facilitate merger reviews of certain investments and to expedite their review process.

News & Analysis

Financial Regulation Innovation: Policy Direction of FSC

16 August 2022 by Lee & Ko - South Korea

Lee & Ko’s Digital Finance Team takes a close look at the establishment of the Financial Regulation Innovation Council, the direction of the financial regulation innovation announced by the Financial Services Commission, and the points to consider in relation to future improvements to financial regulations.

News & Analysis

New Administration Displays Its Strong Will to Promote Digital Health

15 August 2022 by Lee & Ko - South Korea

Further to the 110 national initiatives for the new administration announced on May 3, 2022 (see our newsletter dated May 10, 2022), the government released a more detailed plan to promote digital health on July 27, 2022 (the Plan). The Plan was jointly prepared by the Ministry of Health and Welfare, the Ministry of Economy and Finance, the Ministry of Science and ICT, the Ministry of Trade, Industry and Energy, and the Ministry of Food and Safety.

News & Analysis

Introduction to a Revolutionary Reform of the Patent Remedy System in Taiwan

20 July 2022 by Tsai Lee & Chen - Taiwan

The currently effective Patent Act is the version of 2013. There were several revisions over the years, while the comprehensive structure of examination system remains largely constant. Yet the patent remedy regime implemented in the Taiwan Intellectual Property Office (“TIPO”) will inevitably embrace an enormous change followed by a draft of amendment (“Draft”) ready to enter the parliament. Inclusive of 40 articles revised, 29 added, and 7 deleted, the Draft marks a change of largest scale to the patent system since 2013.

News & Analysis

The New Administration’s Policy Outlook for Healthcare/Life Sciences

10 May 2022 by Lee & Ko - South Korea

With the inauguration of Yoon Seok-yeol as the 20th president of Korea scheduled to take place on May 10, 2022, the Presidential Transition Committee (the Committee) announced 110 national initiatives for the new administration (the Initiatives) on May 3, 2022.

News & Analysis

New President-Elect’s Labor Policy Outlook

21 March 2022 by Lee & Ko - South Korea

We summarized some of the key policy proposals of the president-elect in regards to the employment and labor laws of Korea.

News & Analysis

Investing in Korea: Issues to Note in Opening Bank Accounts

14 February 2022 by Jipyong - South Korea

Press Release by Jipyong - South Korea

News & Analysis

Court Ruling as to the Issue of Internal Control in the Korean Financial Sector

24 September 2021 by Soonghee Lee, Jeongsu Park

In Korea, investors and selling financial companies are in a difficult situation due to the postponement of redemptions of private equity funds from the second half of 2019.