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2024 Issue 2
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UPDATES
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Korea Introduces Anti-Circumvention System in Customs Act
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By amending (i) the Customs Act and its Enforcement Decree on February 29, 2024, and (ii) the Enforcement Rules of the Customs Act on March 22, 2024, the Government introduced grounds for the anti-dumping investigation authorities to investigate circumvention dumping.
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Read more
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Trends in Institutional Improvements Aimed at Enhancing Corporate Value and Protecting Shareholder Value
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Recently, the Korean Government and supervisory authorities have actively discussed various institutional improvements to address the so-called “Korea Discount” issue by protecting minority shareholders and other stakeholders of listed companies.
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Read more
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Cases With RMP Cleared From Suspicion Under SAPA
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In this newsletter, we provide a summary and the implications of four cases in which Kim & Chang was involved, among the 13 cases (as of April 30, 2024) where the Prosecutors’ Office decided not to indict suspects for violations of the Serious Accidents Punishment Act.
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Read more
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FTSA Amendment Strengthening Punitive Damages Liability for Technology Misappropriation to Take Effect on August 28, 2024
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Amendment to E-Commerce Act Strengthening Regulations on Dark Patterns to Take Effect on February 14, 2025
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Stress Capital Buffer Requirement for Banks: The Financial Supervisory Service’s Risk Assessment and Implications
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Strengthened Regulations and Disclosure Requirements on Exercise of Minority Shareholders’ Rights and Operation of General Shareholders’ Meetings
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Domestic and Overseas Climate Disclosure Standards and Policy Trends
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Supreme Court Eases Plaintiff’s Burden to Prove Causation for Environmental Damage
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Enactment of Regulations on the Investigation of Virtual Asset Markets
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Enforcement of Framework Act on Supply Chain Stabilization Support for Economic Security
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Amendment to Notification on Designation of National Core Technologies
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Measures for Stable Implementation of New Insurance Accounting Standard IFRS 17
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Supreme Court Rules That Amount Exceeding Co-Payment Ceiling Is Not Covered by First-Generation Indemnity Medical Insurance
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First-Time Ruling Classifies Use of Mark in Mobile Applications as Use for Services Provided by App
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Implementation of New Heightened Measures for Collecting Customs Valuation Data During Customs Audits
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Recent Court Decision Recognizing a Bank’s Wage Peak System
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Key Improvements to REITs System in 2024
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Procedures for Amending Subordinate Regulations of Corporate Governance Act That Introduces Responsibilities Map Completed and Effective Since July 3, 2024
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Tax Tribunal Rules That Whether a Distribution Fee Constitutes a Royalty for Use of Copyright Under a Tax Treaty Should Be Determined in Accordance With Copyright Act of Korea
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PIPC Releases Draft Subordinate Regulation and Guidance on Data Subject Rights Regarding Automated Decisions
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This publication is provided for general informational purposes only and should not be considered a legal opinion of KIM & CHANG nor relied upon in lieu of specific advice. Recipients of this publication, whether clients or otherwise, should not act
or refrain from acting on the basis of any information included in this publication without seeking appropriate legal or other professional advice.
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