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Lee & Ko

2013 Korean tax law amendments relating to international taxation

South Korea - February 28 2013 On January 1, 2013, the tax law amendments were ratified by the Korean National Assembly. Most of the amendments took effect as of the same date

FSCMA Amendment Bill, finally passed the National Assembly

South Korea - March 25 2013 On March 5, 2013, the FSCMA Amendment Bill (the "Bill"), which introduces the system of Central Counterparty Clearing ("CCP") for OTC derivatives

Mitigation on regulations regarding free gift sweepstakes

South Korea - March 25 2013 The Korea Fair Trade Commission ("KFTC") revised the Guideline on Types of and Criteria for Unfair Trading on Free Gift (hereinafter, "Gift

The Korea Exchange’s plans for 2013 (overnight US dollars futures, volatility index futures, CCP license)

South Korea - March 25 2013 The KRX plans to expand its overnight market, whose current offering is limited to KOSPI 200 futures and options, to include US Dollars futures. To

The revised Guidelines for Notification on Combination of Enterprises increases predictability and decreases burden on companies

South Korea - August 21 2012 In an effort to clarify the ambiguous provisions regarding the duty to file a business combination report with the Korea Fair Trade Commission (“KFTC”), the Guidelines for Notification on Combination of Enterprises (the “Guidelines”) have been revised to reduce confusion, simplify the format, and to reduce the burden on companies

South Korea’s Patent - Approval Linkage System

South Korea - May 29 2014 Although South Korea's new Patent- Approval Linkage System will not be fully implemented until 2015, there is already keen interest from global

"In Korea, legal opinion letters obtained before commencement of formal criminal process are not privileged"

South Korea - August 28 2013 According to the Supreme Court of Korea, when a client receives a legal opinion letter from hisher attorney regarding potential criminal liability

Consequences of altered use of a registered mark by licensees

South Korea - May 31 2013 On May 26, 2011, the Supreme Court, in Lacoste v. Crocodile International rendered a decision ordering cancellation of Crocodile International Pte

Comprehensive export of the Korean Medical System to Saudi Arabia

Saudi Arabia, South Korea - April 30 2013 Under the so-called "Medical System Twinning" project, Korea will make a comprehensive export of its medical service systems to Saudi Arabia. The

FSCMA Amendment Bill, finally passed the National Assembly

South Korea - March 25 2013 On March 5, 2013, the FSCMA Amendment Bill (the "Bill"), which introduces the system of Central Counterparty Clearing ("CCP") for OTC derivatives