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2025 Issue 3
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UPDATES
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“Yellow Envelope Act” Passes National Assembly Plenary Session
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| On August 24, 2025, the National Assembly, at a plenary session, passed the amendment to the Trade Union and Labor Relations Adjustment Act, commonly known as the “Yellow Envelope Act.”
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Key Antitrust and Competition Policy Directions of New Administration
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| On June 4, 2025, President Lee Jae-Myung commenced his five-year term as the 21st President of the Republic of Korea. During his inaugural speech, President Lee emphasized his commitment to building a market economy ecosystem based on fairness and shared prosperity.
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Introduction of Directors’ Duty to Protect Shareholders’ Interests and Other Changes to Regulatory Framework on Corporate Governance
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| The National Assembly passed the first amendment to the Korean Commercial Code, expanding the fiduciary duties of directors to include the protection of shareholders’ interests on July 3, 2025.
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KFTC Announces Proposed Amendment to Review Guidelines on Deceptive Labeling and Advertising
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Promulgation of September 9, 2025 Amendment to Korean Commercial Code and Additional Legal Updates
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KCS Introduces System of “Batch Submission of Data on Customs Value Declarations”
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Regulatory Update: Key Takeaways from Enforcement of Amended K-REACH and CSCA
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Amendment to Subordinate Statutes to Act on Resource Circulation of Electrical and Electronic Equipment and Vehicles
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Policy Trends on Stablecoins
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Prior Consultation Requirements for Requests by Foreign Governments or Institutions for Information Concerning National Strategic Technologies
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Securitization of Life Insurance Policy Death Benefits
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IP High Court Publishes Its Standard Procedures for Reviewing Civil Cases
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Updates on Section 232 Investigations on Semiconductors and Semiconductor Manufacturing Equipment
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Introduction of Project REITs and Relaxation of REIT Regulations
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New Initiatives to Eliminate Unfair Trade Practices in Capital Market: Announcement of Action Plans and Follow-Up Steps
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2025 Proposed Tax Law Amendments – Notable Items
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| © 2025 Kim & Chang |
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