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Korea’s “Lemon Law” Enables Consumers to Demand Refund or Replacement of Defective Motor Vehicles

South Korea, USA - December 7 2017 An amendment to the Motor Vehicle Management Act, which will enable the owners of motor vehicles to demand a refund or replacement of defective motor…

Kyu Sang Hwang, Hyeon Hwa Shin.

Heightened Disclosure Requirements for LLCs in Korea

South Korea - October 24 2017 On September 28th, the National Assembly of Korea passed a revision of the Act on External Audit of Joint Stock Companies. According to the amendment…

Jeong Hoon Hwang, Lee, Jin Kook.

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…

Lee, Hyung Ki, Lee, Jin Kook, Lee, Min Kyu, Kim, Dong Soo, Yoon, Hee Woong.