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

This issue includes:

• Promulgation and Implementation of the Amended MRFTA  
• Amendments to Protect IP Rights Holders Under the Trade Secret Protection Act and Patent Act  
• Amendment of FSCMA and Its Subordinate Regulations to Introduce “Prior Disclosure Regime” for Insider Trading  
• KFTC Announces Key Initiatives for 2024
• Highlights and Implications of FSS’s 2024 Audit Plan
• Recent Regulatory Trends in Corporate Governance Restructuring Transactions
• FSC Unveils Details of Corporate Value-Up Program
• Promulgation of the Act on the Capture, Transportation, Storage, and Utilization of Carbon Dioxide
• Promulgation of Amendments to Reform the Chemical Substance Management System
• Recent Trends in Virtual Asset Regulation
• Recent Amendments Strengthen Export Controls for Strategic Items to Russia and Belarus
• Employers No Longer Required to Notify Employee-Inventors to Acquire Previously-Assigned Invention Rights
• Korean Commercial Arbitration Board Enacts and Enforces “International Mediation Rules”
• 2024 Customs Office Work Plan
• EU Launched First In-Depth Investigation Into a Foreign Subsidiary, Relating to a Public Procurement Undertaken in Bulgaria, Against a Chinese State-Owned Company
• Key HR Amendments for 2024
• New Criteria for Determining Violation of Overtime Rules Pursuant to Recent Supreme Court Decision
• Supreme Court Ruling on Interpretation of “Intent to Occupy as Actual Residency by Lessor” as Grounds for Lessor’s Refusal to Renew Lease Under Housing Lease Protection Act
• Scope of the Serious Accidents Punishment Act Expanded as of January 27, 2024
• 2024 Tax Law Amendments (Selected Items)

To view the newsletter, please click on the link below.
Kim & Chang Legal Newsletter (2024 Issue 1)