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UPDATES
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Changes in Corporate Reorganization Regulations After Introduction of Directors’ Fiduciary Duty to Protect Shareholder Interests
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| Recently there has been active discussion regarding measures to protect the rights and interests of general shareholders and to enhance the procedural fairness of the board of directors’ decision-making in connection with reorganization transactions of listed companies, such as mergers, spin-offs, comprehensive exchanges and transfers of shares, and the listing of subsidiaries. |
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KFTC’s Proposed Amendments to Administrative Fine Notifications Under MRFTA and Related Laws
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| On April 30, 2026, the Korea Fair Trade Commission implemented its revised notification on the Detailed Standards for the Imposition of Administrative Fines, which applies to the Monopoly Regulation and Fair Trade Act. Notably, the Revised Notification strengthens the standards for calculating administrative fines to ensure the system operates more effectively against habitual, repeat offenders, preventing recidivism. |
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Korea’s New “K-Discovery” System Facilitating Evidence-Gathering in Disputes to Take Effect in Some Litigation Contexts in February 2028
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| Korea has introduced its first comprehensive system for evidence discovery in certain litigation contexts (the “K-Discovery” system) through promulgation of a landmark amendment to the Act on the Promotion of Mutually Beneficial Cooperation Between Large Enterprises and Small-Medium Enterprises on February 19, 2026. This evidentiary framework will take effect beginning on February 20, 2028. |
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Implementation of KFTC’s Revised Guidelines for Labeling and Advertising Concerning Recommendations and Endorsements
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Proposed Amendment to FSCMA Introducing “Fair Value” for Mergers of Listed Companies Passes National Policy Committee
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EU’s PPWR/ESPR Enforcement Countdown
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Enactment of End-of-Life Battery Act
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Korean Supreme Court Confirms Legality of National Tax Service’s Retroactive Real Estate Appraisal Program
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Amendment to Foreign Exchange Transactions Act – Mandatory Registration of Virtual Asset Transfer Businesses, Restructuring of Specialized Foreign Exchange Business Categories
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Summary of FSS’s 2026 Insurance Sector Financial Supervision Business Briefing
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Key Features and Implications of 2026 International Chamber of Commerce (ICC) Revised Rules of Arbitration
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Key Outcomes of US–China Summit in May 2026 and China’s Recent Foreign and Trade Policy Updates
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Update on Legislative and MOEL Regulatory Trends Regarding Comprehensive Wage Schemes
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Key Trends in Bargaining Disputes Following Implementation of Yellow Envelope Act
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Amendment to REITs Approval Guidelines to Revitalize REIT System
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Enhancement of EHS Regulations: Introduction of Safety and Health Information Disclosure System and Sanctions on Risk Assessment, Etc.
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Promulgation and Enforcement of Amendment to FSCMA Introducing Cornerstone Investor System
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Financial Services Commission’s Announcement of K-Transition Finance
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Supreme Court Ruling on Tax Deductibility of Disability Employment Levy
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KMCC Resumes Operations Following Establishment of “Six-Member Panel”
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