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2024 Issue 4
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UPDATES
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Strengthening of Foreign Investment Security Review System
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The amendments to the Enforcement Decree of the Foreign Investment Promotion Act proposed by the Ministry of Trade, Industry and Energy on December 20, 2023, were promulgated and became effective on August 27, 2024.
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Read more
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Legislative Insights: Recent Developments in Corporate Governance Regulations to Enhance Shareholder-Oriented Corporate Governance
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Recently, in the context of corporations restructuring their business and governance structures, active legislative discussions regarding changes to related laws and regulations are taking place. These include (i) discussions in relation to the reintroduction of the mandatory tender offer rule, and (ii) amendments to the Korean Commercial Code to encompass shareholders within the scope of directors’ duty of loyalty.
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Read more
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Prospects for Key Trade Policy Direction of Trump 2.0
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With Donald Trump’s victory in the US presidential election held on November 5, 2024, the second Trump administration will begin on January 20, 2025. The Republican Party also won the Senate and House Majority, achieving the so-called “Trifecta.”
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Read more
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KFTC Announces Proposed Amendment to Act on Fair Transactions in Large Retail Business
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KFTC Announces Draft Amendment to Unfair Trade Practice Review Guidelines
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Enforcement and Implications of the Act on Management of Personal Financial Claims and Protection of Personal Financial Debtors
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Pre-Announcement of Legislation to Improve Treasury Stock System of Listed Companies by Prohibiting Allocation of New Shares to Treasury Stock in Mergers, Spin-Offs or Spin-Off Mergers
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Constitutional Court’s First Decision on National Greenhouse Gas Reduction Targets
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Amendment to Environmental Impact Assessment Act Enables Differentiated Assessment Accounting for Difference in Environmental Impact
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Trends in Amendments Including Postponement of EUDR Application Date and Future Strategies
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Proposed Amendments to Electronic Financial Transactions Act
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Regulatory Measures to Promote Healthy Competition and Strengthen Internal Controls in Insurance Industry
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Financial Regulators Announce “Guidelines on Key Actuarial Assumptions under IFRS 17” and “Soft-Landing Plan for Rationalization of Insurance Liability Discount Rates”
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Recent Supreme Court Decision Recognizing Ordinary Dismissal of Sales Employee for Poor Performance
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Legislative Trends in Acts Related to Childcare Support and Wage Payment Delays
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Key Features of New Rental Housing Supply Plan for Housing Stability
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Amended Enforcement Decree of FSCMA and RIDS to Improve Regulations on M&As of Listed Companies
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Supreme Court Held That Payment Made by Domestic Corporation That Forms Part of Multinational Business Group for Business Support Services Received from Parent Company and Overseas Affiliates Constitutes Business Income and Not Royalty Income
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TMT Regulatory Updates: MSIT’s Audit of Facilities-Based Telecommunications Service Providers and Survey of Value-Added Telecommunications Service Providers, and KCC’s App Permissions Monitoring and Recommendations for Improvement
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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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