Weekly Korean Legal News From International Law Firm – IPG Legal for the Week of June 16, 2014

Weekly Korean Legal News From International Law Firm – IPG Legal for the week of June 16, 2014Korean Legal News Reported by the Media on the Week of June 16, 2014 Watchdog to Tighten Monitoring of Stock Trading by Paper Companies FSC, FSS Fight Over Authority Samsung and Korea’s Copy Culture Uzbekistan, South Korea Sign Declaration on Strategic Partnership Development Korea, China Discuss Maritime Border Most Recent Posts from The Korean Law Blog Korean Immigration Law’s 20% Rule Challenged Material

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Korean Immigration Law’s 20% Rule Challenged

Increased direct foreign investment to Korea is, facially, Park Gun Hye’s Administration’s top priority. However, according to the Korea Herald, it seems like the Korean bureaucracy is not following the Park Administration. The Korea Herald reported that foreign companies have increased complainants about the current Korean immigration law as exemplified in at a government-organized forum in Seoul last week.   The complaints have come, in part, because “[u]nder Korean immigration regulations, companies are allowed to employ a workforce with up

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Samsung’s Shareholdings Explained by Wall Street Journal

Mr. Lee Kun Hee, the Chairman of Samsung, was hospitalized, last month, reportedly from a heart attack. His death or total incapacitation may be imminent. A few commentators have noted that Samsung’s stock value may increase in value because of, inter alia, increased transparency within the Samsung family of companies.The Wall Street Journal has posted an interesting article, today, that details the present corporate structure of Samsung group. Unlike typical corporations throughout the world, the Samsung conglomerate (Chaebol) has a

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Finding a Distributor or Agent to Sell/Market Your Products in the South Korean Market

Finding a quality distributor for your products is not an easy task in Korea.  We regrettably have dealt with numerous issues related to distributors not paying invoices, misrepresenting products, violating intellectual property rights and even selling fake products alongside the real imported products. The major reason for these occurrences is the client to quickly rushing into “opportunities” without vetting out a distributor and poorly drafted distributions agreements. Many distributors in Korea are fantastic, others are mere order processors and some

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Weekly Korean Legal News From International Law Firm – IPG Legal for the Week of June 9, 2014

Weekly Korean Legal News From International Law Firm – IPG Legal for the week of June 9, 2014 Korean Legal News Reported by the Media on the Week of June 9, 2014 Global game makers oppose addiction bill ‘Korean firms should pay more attention to privacy’ Criminal justice in Korea: Interrogations and appointed attorneys< Criminal breach of duty (bae-im) under Korean law Law expert re-elected as judge on UN sea tribunal Most Recent Posts from The Korean Law Blog Samsung

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Korean Tax Laws on Entertainment Companies in Korea: Overseas Tax Deductions

Korean Tax Laws have been amended to tighten rules on exemptions for foreign and domestic companies and individuals.  I have reported on a number of this changes in this blog. One change that is having an impact on Entertainment Companies is the reduction in exemptions for companies selling movies and games overseas.  Additional information on this topic can be found at: The Korean Entertainment Law Blog. Before the amendment to this Tax Law, The Korean National Tax Service allowed Korean

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Korea in EU’s Hot Water: Korean Fishing Sanctions by EU

A delegation from the EU is in Korea investigating allegations that Korea is illegally fishing in European Union and surrounding waters. The Directorate General for Maritime and Fisheries of the EU will spend three days in Korea to determine if sanctions should be imposed on Korea for not cooperating with obligations under treaties. Sanction could lead to a ban on Korean fishing in the EU. Korea has, previously, been warned by the European Commission, along with Ghana and Curacao, that

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Korean Economy Strong this Year According to Moody’s

There is good news for foreigners who would like to invest in Korea. Moody’s has releases a positive economic outlook for Korea. In the report, “Korea: Economic Growth Fundamentals Remain Strong, Despite Challenges,” Moody’s notes that although Korea’s long term growth potential shall face some difficulties, it is likely that Korea will “outperform most high-income and advanced economies, both in the immediate term and further ahead.” Moody’s expects that Korea’s real GDP growth will be between 3.5% and 4.0%, with

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Weekly Korean Legal News From International Law Firm – IPG Legal for the Week of June 1, 2014

Korean Legal News Reported by the Media on the Week of June 1, 2014 Korean Firms Should Be Aware of the U.S Legal Attack Types of Legal Professionals In Korea EPO And KIPO Review Co-Operation To Support Innovation Korean Energy Firm Wins Suit Against Kazakhstan Company LG Group Companies Sue 12 Airliners For Fuel Surcharge Rigging Interdigital Pushes For Apple Patent Deal Most Recent Posts from The Korean Law Blog Is the Sewol Tragedy a “Korean Self Portrait?” by Tom

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Weekly Korean Legal News From International Law Firm – IPG Legal for the week of May 25, 2014

Korean Legal News Reported by the Media on the Week of May 25, 2014 Apple Inc. (AAPL) Seeks $203 Million Enhanced Damages From Samsung South Korea Offers Little In Way of Legal Recourse For Sunken Ferry Crew Vietnam, South Korea Cooperate In Copyright Protection South Korea Officials Enact De facto SOPA Law to Block Foreign Website New Mobile Handset Law to Go into Effect in October Most Recent Posts from The Korean Law Blog Is the Sewol Tragedy a “Korean

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