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News & Analysis

Deal-Making at Its Finest: The July 2023 Deal of the Month

20 July 2023 by asialaw

Deals can be a minefield of legal challenges and risks. July 2023's Deal of the Month was no exception. This article delves into the legal challenges that had to be navigated to make it a success.

News & Analysis

HKD-RMB Dual Counter Model in Hong Kong’s stock market

17 July 2023 by LC Lawyers - Rossana Chu, Managing Partner

The Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Model was launched in the Hong Kong stock market on 19 June 2023. The first batch covers 24 companies which already have their shares listed on the Main Board of the Hong Kong Stock Exchange and traded in HKD.

News & Analysis

Latest Developments on the Hydrogen Act: Introduction of the Hydrogen Power Generation Bidding Market

13 July 2023 by Jipyong - South Korea

Hydrogen power, among other new and renewable energy sources, is garnering attention as one of the carbon-free power generation sources in Korea.

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

Can Liquidated Damages and Penalty Clauses Survive under Korean Law?

03 July 2023 by Jipyong - South Korea

Foreign contractors and subcontractors doing business with Korean companies are often puzzled by how Korean courts deal with liquidated damages and penalty clauses in contracts.

News & Analysis

Analysis of the First Applications of the Serious Accidents Punishment Act

21 June 2023 by Jipyong - South Korea

The Serious Accidents Punishment Act (“SAPA”) is a relatively new legislation that came into force on January 27, 2022.

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.

News & Analysis

Supreme Court of Korea Affirms Abuse of Dominance for Tying Patent Licenses and Engineering Services in the Shipbuilding Industry

30 May 2023 by Lee & Ko - South Korea

Lee & Ko’s Antitrust & Competition Group successfully represented three major Korean shipbuilding companies in the court action involving Gaztransport & Technigaz SA (GTT), the exclusive holder of key patents in technology for manufacturing/constructing membrane storage tanks used on liquefied natural gas carriers (LNG Carrier).

News & Analysis

IP Issues and Implications Relating to ChatGPT

26 May 2023 by Lee & Ko - South Korea

ChatGPT is a conversational artificial intelligence (AI) service based on Generative Pre-trained Transformer (GPT), a language model grounded in artificial neural networks, developed by OpenAI.

News & Analysis

Advised on MBK Partners’ KRW 2.5 Trillion Acquisition of Leading Global Dental Scanner Developer Medit Corporation from UCK Partners

25 May 2023 by Kim & Chang - South Korea

Kim & Chang, using separate teams, advised both the buyer, MBK Partners, and the sellers, UCK Partners (formerly known as Unison Capital Korea) and individual shareholders, in connection with the purchase and sale of Medit Corporation (the “Target Company”).