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UPDATES
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Expected Changes to Corporate Governance Policies and Regulations Following Presidential Election
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On June 4, 2025, Lee Jae-myung was inaugurated as the 21st President of the Republic of Korea. The new administration announced several pledges and policy statements during its presidential campaign, and on July 3, 2025, the National Assembly passed the proposed amendments to the Korean Commercial Code.
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Amendment to E-Commerce Act Strengthening Regulations on Dark Patterns Took Effect
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On February 14, 2025, an amendment to the Act on the Consumer Protection in Electronic Commerce (the “E-Commerce Act”), which strengthens regulations on dark patterns, went into effect, along with related amendments to the Enforcement Decree and Enforcement Rules of the E-Commerce Act.
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Status of Responsibilities Map Pilot Program for Financial Investment Companies and Insurers
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The financial regulators recently provided a preliminary consultation on the responsibilities map to 53 large financial investment companies and insurers, following earlier consultations with 18 financial holding companies and banks, and announced the major deficiencies and recommendations identified during the consultation process.
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KFTC’s Notification on Illegal Use of Derivatives as Debt Guarantees
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Notice on Proposed Partial Amendment to Presidential Decree of Six Laws Regarding Deposit Protection
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Supreme Court on Voting Rights Restrictions in General Meetings of Shareholders Regarding Directors’ Compensation
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Leniency Program for Violations of K-REACH Registration
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Outlook on Climate Disclosure Systems in 2025 and Response Strategies
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Regulatory Trends on Virtual Assets
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Updates in Korea’s Industrial Technology Protection Framework: MOTIE Announces Amendments to Enforcement Decree and Rules of ITA and Public Notice on NCT Designation
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Notice and Comment Period for Proposed Amendments to Enforcement Decree and Supervisory Regulations of Insurance Business Act to Strengthen Capital Requirements
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Supreme Court Reaffirms Arbitration-Friendly Stance in Judgment (Supreme Court Decision 2024Da243172, January 23, 2025)
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Revision of KCAB Domestic Arbitration Rules (Effective March 1, 2025)
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USTR Issues Section 301 Measures Targeting Chinese Maritime, Logistics and Shipbuilding Sectors
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Amendment of Standard Civil Construction Contract and Adoption of Best Practice Guidelines for PF Loan Procedures With Completion Guarantees
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Recent Key Non-Indictment SAPA Cases and Their Implications
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Enhanced Protection Against Heat-Related Illnesses/Injuries Under OSHA – Requirements to Measure Perceived Temperature, Install Cooling Devices, Adjust Working Hours and Provide Appropriate Breaks
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Introduction and Implementation of New Sanctions Against Unfair Trading Activities and Naked Short Selling
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Introduction of Enforcement Fine for Failure to Comply With Request for Documents in Tax Audit
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Recent Developments in Personal Information and User Protection Laws Related to Artificial Intelligence
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