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News & Analysis

Korean Tax Law and Regulation Updates for 2023

20 February 2023 by Lee & Ko - South Korea

Korea’s latest tax reforms package was approved by the National Assembly in December 2022, with further details made clear by the Presidential Enforcement Decree which was published in January 2023. Before going into the details of the Korean tax reforms for 2023, it is important to consider the wider global context and domestic political context in which these reforms have been made, in order to understand some of the rationale underlying the reforms.

News & Analysis

Amendment to the Safe Harbor Standards Under the Guidelines for Examination of Unlawful Support

06 February 2023 by Jipyong - South Korea

Effective from December 9, 2022, the amended Guidelines for Examination of Unlawful Support (the “Guidelines”) expands the scope and modifies the standards of the existing safe harbor.

News & Analysis

Advised Cigna Corporation on its Sale of LINA Korea to Chubb Limited

31 January 2023 by Kim & Chang - South Korea

On October 7, 2021, Cigna group entered a stock purchase agreement to sell the equity interests of certain companies operating across seven countries, including LINA Life Insurance Co., Ltd. (“LINA Life”) and Cigna Korea, to Chubb group for USD $5.75 billion in cash (this event is hereby referred to as “the Transaction”). The Transaction was successfully completed on July 1, 2022. Kim & Chang advised Cigna Group in this transaction with respect to due diligence on LINA Life and other divested companies in Korea, review and execution of the stock purchase agreement and other legal advice necessary or required for the transaction.

News & Analysis

Corporate and Commercial Law - stay informed on recent legal developments across 37 jurisdictions

19 January 2023 by LC Lawyers

We are pleased to present the latest edition of EY Corporate and Commercial Law global update. The articles in this global update reflect the global reach and diversity of EY Law services, from corporate law to civil law and commercial law to regulatory aspects across 37 jurisdictions, covering Western Europe, Latin America, Central and Eastern Europe and Asia-Pacific.

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

JIPYONG’s 2022 Year in Review

03 January 2023 by Jipyong - South Korea

As the year draws to a close, JIPYONG’s various practice groups look back at their achievements for the year 2022 and offer their insights for the coming year.

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
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DEAL OF THE MONTH - DECEMBER 2022

13 December 2022 by asialaw

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

News & Analysis
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LAWYER OF THE MONTH - DECEMBER 2022

13 December 2022 by asialaw

asialaw's Lawyer of the Month for August 2022 is...