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Preventative Measures Following the Toxic Humidifier Disinfectant Incident: Consumer Chemical Products and Biocides Safety Act and the Act on the Registration and Evaluation of Chemicals

South Korea - April 6 2018 The South Korean government recently adopted the Consumer Chemical Products and Biocides Safety Act (K-BPR) as well as certain amendments to the Act…

Ki Young Kim, Kim H Nina, Lee, Jin Kook.

Improvement of Governance Structure of Financial Companies

South Korea - April 4 2018 On March 15, the Financial Services Commission announced plans to improve its financial company governance structure. Improvements include expanding…

Kyu Sik Kim, Myung Jae Lee, Young Su Shin.

The “Special Act on Revitalizing Companies” (the so-called “One-Shot Act”), aimed at enhancing the competitiveness of industries and vitality of companies, to take effect in August 2016

South Korea - February 17 2016 On February 4, 2016, the National Assembly of the Republic of Korea passed the “Special Act on Revitalizing Companies,” which is commonly referred to…

Kim, Dong Soo, Lee, Hyung Ki, Lee, Jin Kook, Lee, Min Kyu, Yi, Tehyok Daniel.

Active Enforcement of Newly-Adopted One-Year Data Retention Limit in Korea

South Korea - January 21 2016 On Thursday, Jan. 14, 2016 the Korea Communications Commission (KCC) issued corrective orders and imposed fines on eight (8) information and…

Carr, Brendon, Doil Son, Jai Wook Lee, Kum Ju Son, Yong Hee Yoon.

Amendments to the Korean Commercial Code permit new M&A structures beginning in February 2016

South Korea - November 16 2015 On November 12, 2015, the National Assembly of the Republic of Korea passed a bill to amend the Korean Commercial Code (the "KCC")…

Eun, Sung Wook, Lee, Hyung Ki, Lim, Jai Yun.