Korean Small Business Partnerships/Joint Venture Startups
The Korean Law Blog
by Sean Hayes
3M ago
Starting a small business in Korea can be enjoyable and profitable if you get the business on the right track from the start.  Too often we see those with “limited funds” (we all have limited funds -even multinationals have limited funds) choosing to forgo having the deals structured by a professional and just downloading a “partnership” agreement off the internet.  Avoid the headaches and the costs in the future and structure all right from the start. I have learned from my two decades working in Korea (Can’t believe I worked in Korea for over two decades), that this choice, normal ..read more
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Short of Workers in Korea Deepens Issues in the Korean Construction Industry
The Korean Law Blog
by Sean Hayes
3M ago
The shortage of workers in South Korea’s construction industry is deepening, and it has pushed the industry to request the government to allow in more foreign workers. The industry is now discussing with the government easing regulations on visa rules in order to hire more foreign construction workers to overcome this serious shortage. We hope that the new Korean Administration considers foreigners a necessary and important part of the Korean economy. These proposals from the Korean Construction Industry come as more young South Koreans are not interested in manual labour and opt for white-co ..read more
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Korea’s DUI Law Explained by Defense Lawyers in Korea
The Korean Law Blog
by Sarah Khan
3M ago
As many people are already aware, driving under the influence is dangerous and can lead to serious legal consequences in Korea. Korea has one of the world’s most strict DUI Laws. In order, in part, to fight the stigma of Korean having one of the highest road fatality rates in the OECD, the present Korean DUI Law was enacted. The law is intended to warn drivers that they should not drive even if they have one drink. Even one shot of soju, before getting behind the wheel, may lead to a violation of law, since Driving with a blood alcohol content (BAC) of 0.05% is drunk driving in Korea. The fol ..read more
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Defenses Under Korean Law for Sex-Related Crimes Perpetuated in Korea
The Korean Law Blog
by Sarah Khan
3M ago
In this post we’ll discuss the Defenses in Korea that may be used in the Korean courts against sex-related accusations. A. When the accused acknowledges the allegations If the defendant reaches a settlement with a victim, normally, the Defendant shall receive the least serious criminal charge if he voluntarily acknowledges the crime and settles with the alleged victim. The alleged victim of sex-related offences typically has access to a public attorney in order to facilitate a settlement and defend the interests of the alleged victim. In many cases where the crime is proven/suspect is guilty ..read more
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Divorce in South Korea: Divorce by Agreement & Divorce by Court Order in Korea
The Korean Law Blog
by Sean Hayes
5M ago
A Basic Explanation of the Types of Divorces in Korea. Under Korean law, there are two types of divorces. One is divorce by mutual agreement and the other is divorce by court order. agree to dissolve their marriage amicably. We advise, in all but the most exceptional of matters, to engage a lawyer in Korea to obtain a divorce by court order (judicial divorce) and forgo a divorce by mutual agreement to insure that the divorce is recognized in all foreign jurisdictions. Korean Divorce by Agreement The Korean Court does not, typically, inquire into the grounds for a divorce in cases of divorce by ..read more
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Opportunities in the K-Beauty Export/Import Business
The Korean Law Blog
by Sean Hayes
5M ago
The Success of K- Beauty Exports and The Impact on Economy One of the top 10 beauty markets in the world, South Korea is renowned for its inventiveness, gentle ingredients, and attractive packaging. Due to the effects of COVID-19, the market size was projected to be $6.8 billion in 2020, a considerable decrease from the $9.4 billion it was the previous year. The total export of K-beauty products and the balance of trade have improved by about 16% and 14% from the previous year, respectively, despite the general decline in the domestic beauty industry. IPG Legal is known for assisting foreign ..read more
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Deregulation of Korean Cloud Computing and Network Separation in the Korean Financial Sector in South Korea
The Korean Law Blog
by Sean Hayes
5M ago
Deregulation of Cloud Computing and Network Separation in the Financial Sector in Korea explained by lawyers at a leading law firm in Korea. Korean Cloud Computing and Network Separation Rules:  Improvements in the Korean Financial Sector. The Korean Financial Services Commission presented its intentions to enhance the rules governing cloud computing and network separation in the Korean financial industry on April 14, 2022. This Korean government plan was created in response to the financial industry’s worries about the challenges associated with adopting and implementing new digital tech ..read more
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What Constitutes an “Employee” under Korean Law?
The Korean Law Blog
by Sean Hayes
5M ago
Who is an Employee/Worker under Korean Law with the Rights and Protections under Korean Labor Standards Acts and Related Laws & Regulations? The definition of an employee in Korea is a topic that had filled books. The following is a brief introduction to an issue that IPG Legal litigates for foreign employees of Korean companies and for foreign companies doing business in Korea. IPG Legal is the go to law firm for expats and foreign companies doing business in Korea on matters affecting their business in Korea. Another article that may be of interest to the reader is: Definition of an Obli ..read more
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Korean Patent Act Development of 2022
The Korean Law Blog
by Sean Hayes
5M ago
Major revisions to the South Korean Patent Act (KPA) came into effect on April 20, 2022. The period for filing an appeal against a rejection decision in Korea will be extended from 30 days to three months. Under the amended Korean Patent Act (KPA), applicants can save costs by avoiding time extensions that earlier had a narrow time period of 30 days. The time period was extended to three months from the date of receipt of a Notice of Final Rejection. Applicants can apply for an extension of an additional 60 days even after the three month period. months. For information on Korean Trademark Act ..read more
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Korean Trademark Act Amendments for 2022
The Korean Law Blog
by Sean Hayes
5M ago
Recent Amendments to the Korean Trademark Act were passed by the the National Assembly of Korea. On February 3, 2022, the National Assembly published the Korean Trademark Act revisions. One major revision was the expansion of the meaning of “use of a trademark.” The revision should make the application process easier for applicants and expand the rights of those granted a trademark. IPG Legal welcomes these changes. Another article that may be of interest to the reader includes: Korean Intellectual Protection Global Strategies. Extension of the Period to File an Appeal in Response to a Final ..read more
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