UPDATES
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FSC Draws a Blueprint on the Future of Banking Business
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On October 28, 2021, Mr. Seung-Beom Koh, Chairman of the Financial Services Commission held a meeting with the banking industry, including the heads of commercial banks and representatives from industry associations, other regulatory bodies and research institutions.
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Administrative Notice of Proposed Guidelines for Review of Information Exchange Cartel
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The Korea Fair Trade Commission has completed gathering opinions on the "Guidelines for Review of Unfair Collaborative Acts Involving Information Exchange between Business Entities" during the public comment period that lasted from November 3 to 23, 2021.
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Government’s Commitment to Carbon Neutrality - Carbon Neutrality Framework Act, 2030 NDC, and Carbon Neutrality Scenarios
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On September 24, 2021, the Carbon Neutrality Framework Act was enacted. Pursuant to the Act, the 2050 Carbon Neutrality Green Growth Committee approved a significant increase in the 2030 NDC to 40% and two scenarios to accomplish carbon neutrality by 2050.
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Implementation of Criminal Leniency Program for Cartel Cases and Strategic Considerations
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Legislative Trends in Corporate Governance, Including Strengthened Disclosure Requirements under the FSCMA and FTL
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Fractional Share Trading to be Allowed in Korea
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Regulation on Online Financial Platform Services
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New Financial Action Task Force Guidance Released on Virtual Assets and Virtual Asset Service Providers
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New Amendment to Specify Unfair Uses of Data and Publicity Rights under the UCPA
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En Banc Supreme Court Holds that Posting Links to Copyright Infringing Content Can Be Criminal Violation
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Settlement Made Between the US and EU on Section 232 Tariffs on Steel and Aluminum
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The Supreme Court’s Decision on the Number of Paid Annual Leave Days Granted to One-Year Fixed-Term Employees
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Trends in Enactment and Amendments of Laws Regarding Promotion of Data Industry and Easing of Regulations on Location Information and Game Industry
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