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KIM&CHANG A Quarterly Update of Legal Developments in Korea Newsletter
2025 Issue 1
UPDATES
MOEL Issues Revised Labor-Management Guidance on Ordinary Wage in Response to Supreme Court’s En Banc Decisions
On February 6, 2025, the Ministry of Employment and Labor released an updated labor-management guidance on ordinary wage in response to the recent Supreme Court en banc decisions overruling its previous position on ordinary wage.
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KFTC Announces Key Initiatives for 2025
On January 8, 2025, the Korea Fair Trade Commission announced its key initiatives for 2025 with the objective of “establishing a foundation for fair trade practices for the recovery of people’s livelihoods and preparation for the future.”
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Plans to Revamp IPO and Delisting Systems
On January 21, 2025, the Financial Services Commission, the Financial Supervisory Service, the Korea Exchange and other relevant agencies announced the “IPO System Improvement Plan” and the “Delisting System Improvement Plan” for the value-up of the Korean capital market.
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FSS’s 2025 Audit Operation Plan – Key Issues and Implications
Recent Regulatory Trends in Corporate Governance Restructuring Transactions
Discussions on Introduction of Directors’ Duty to Protect All Shareholders’ Interests and Acting President’s Veto of Proposed Amendment to Korean Commercial Code
Recent Developments and Trends in Greenwashing
Financial Authorities’ Policy Trends for Virtual Assets
Amendment to Industrial Technology Protection Act and Fifth Comprehensive Plan for Prevention of Divulgence and Protection of Industrial Technology
Key Agenda Items of Sixth Insurance Reform Conference
Key Contents and Implications of Amended 2025 SIAC Arbitration Rules
Key Amendments to Customs Act and Act on Special Cases of the Customs Act for the Implementation of Free Trade Agreements in 2025
Abusive Patent Lawsuits Expressly Added to KFTC Guidelines as Example of Unfair Solicitation
Recent Amendments to Patent Act, Utility Model Act, Trademark Act, and Design Protection Act
Key Provisions of Best Practices for Completion Guarantee Land Trusts Designed to Reinforce Real Estate PF System
2025 Key Amendments to Tax Law and Presidential Decree
Enactment of AI Basic Act and Launch of Lower Statute Alignment Bureau
CASES
Kim & Chang Obtains Favorable Supreme Court Ruling Overturning KFTC’s Administrative Actions in Abuse of Market Dominance and Intellectual Property Rights Case
In this case, the KFTC attempted to actively regulate the exercise of intellectual property rights in order to address abuse of market dominance in the medical device maintenance market and revive the business for new entrants to the market. Representing a medical device company sanctioned by the KFTC for alleged abuse of market dominance, we successfully advocated the Plaintiff’s position before the court.
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Advising Major Korean IPP Sponsoring Vietnamese Long An 1 and 2 LNG – Power Projects with Combined Capacity of 3,000 MW
Represented Korea Southern Power in Its Participation in Tender for Clean Hydrogen Portfolio Standard in 2024
NEWS
“Tier 1” in All 17 Practice Areas - The Legal 500 Asia Pacific 2025
In the 2025 edition of The Legal 500 Asia Pacific, Kim & Chang was the only Korean law firm to be recognized as “Tier 1” in all 17 areas surveyed for Korea. Additionally, for the seventh consecutive year, we maintained our “Tier 3” ranking in the Regional International Arbitration category evaluated across the Asia-Pacific region.
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26 Professionals Recognized as “2025 Stand-out Lawyers” - Thomson Reuters
“Band 1” in All Nine Areas, 41 “Leading Individuals” Recognized - Chambers Global 2025
“Band 1” in 18 Areas, 90 “Leading Individuals” - Chambers Asia-Pacific 2025
 
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