This is a quaterly update of legal developments in Korea from Kim & Chang.

This issue includes:

• Recent Developments in Derivative Actions and Director’s Obligations and Liabilities
• The KFTC’s 2022 Enforcement Plan
• Introduction of K-Taxonomy Guideline
• The Amendments to the Notification on Detailed Standards for Imposition of Administrative Fines
• FSS Proposes Changes to Audit and Sanctions Procedures
• Legislative Developments in the Regulation of Virtual Assets in Korea
• New Regulations on Foreign Currency Insurance Policies and Zero/Low Surrender-Value Insurance Policies
• Amendments to the FSCMA Streamline Add-on License Process
• 2022 Amendments to HS Codes
• RCEP and Its Key Provisions
• Korean Trademark Act Amended to Cover Online Distribution of "Digital Goods" Bearing Trademarks
• Korea Enacts Special Act to Protect and Foster National High-Tech Strategic Industry
• Introduction of New PILA, Fully Amended in 20 Years
• European Commission Formally Proposes Complementary Delegated Act of EU Taxonomy Regulation Covering Certain Gas and Nuclear Activities for Legislation
• Updates on Important HR/Labor Law Amendments in 2022 and the MOEL’s Change of Administrative Interpretation Concerning Annual Paid Leave
• Amended Commercial Building Lease Protection Act Concerning Lessee’s Right to Terminate Lease Agreement Early in Case a Business Closes Down Due to Prolonged Imposition of Tough Virus Curbs
• Key Tax Law Amendments of 2022
• 2022 Plans of the Korea Communications Commission, the Ministry of Science and ICT, and the Personal Information Protection Commission

To view the newsletter, please click the link below.
Kim & Chang Legal Newsletter (2022 Issue 1)