On July 1, 2014, the Korean Supreme Court amended the Regulations on Stamp Duty for Civil Litigation, Etc. (the “Regulations”)by increasing the amount of stamp duty charged in litigation involving land or buildings, litigation involving property rights with respect to which the value of a claim cannot be assessed, litigation involving non-property rights and other similar types of litigation. The above amendments to the Regulations are expected to become effective from October 1, 2014.

The key amendments to the Regulations are as follows:

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