The Chair of the Legislation and Judiciary Committee in Korea proposed an Amendment to the Korean Act on Regulation and Punishment of Criminal Proceeds Concealment (hereinafter as “Act on Punishment of Criminal Proceeds Concealment”) on April 4, 2019. Some crimes shall be added to the list of “serious crimes” stated in the aforementioned Act. Amendment to the Act on Punishment of Criminal Proceeds Concealment The list of “serious crimes” (also “specific crimes”) as defined in Art. 2 (1) Korean Act on Punishment of Criminal Proceeds Concealment shall
Continue readingCategory: International Law
Korea Government Filed a Complaint with WTO Over Japan’s Export Restrictions on Korea
The South Korean government filed a complaint over Japan’s, recently imposed, export restrictions with the World Trade Organization, blaming Tokyo for taking a biased measure against Korea for political reasons. During a press conference in Seoul, the nation’s Trade Minister Myung-hee YOO said that the Japanese government’s export controls, focusing on Korea, was a direct violation of WTO regulations. Trade Minister YOO noted the Japanese government’s decision to restrict exports to Korea was, among other things, politically motivated and is harming both Korean and Japanese businesses and
Continue readingSean Hayes Invited to Chair Panel for Horasis Foundation
Sean Hayes shall chair a panel for the Horasis Foundantion’s Conference in Seoul, Korea. The Horasis Foundation shall hold the conference on September 22 to the 24th. The Conference is entitled: Entrepreneurship: Balancing Disruption and Consent. Participants at the conference shall include the Chairman of Hansol, the UN Special Envoy for Disaster Risk Reduction, Chairmen of two leading Indian pharmaceuticals, the Chief Investment Officer for IFC, a Vice Minister of Foreign Affairs, a former Prime Minister of Japan, a Former Prime Minister of Korea, the Vice Chairman
Continue readingSuing the Korean Government in Court Abroad: The Ashley Madison Saga Begins
Avid Life Media is suing the Korean Government and the Korea Communications Standards Commission for blocking its Ashley Madison website in Korea in a Canadian Federal Court. If it intends to enforce the judgment in Korea – Good Luck. Avid Life Media runs the Ashley Madison dating site. The site motto is “Life is Short. Have an Affair.” Seemingly, the Korean Government blocked the site, since the site is believed to facilitate adultery. Avid Life Media is arguing that the case may be heard in a Canadian
Continue readingCustom Clearance in Korea may be Getting Simplier for European Companies
Many of my clients have complained, over the years, that the Korean Customs Service (“KCS”) is much slower in clearing goods than other Asian customs departments. I have, also, run into instances where certain products were delayed significantly by the Customs Service in Korea because of inexperience with particular products. In the not-so-distant past, the KCS and other agencies were notorious for delaying clearance in order to allow Korean-made products to get to market first. Good news for companies and consumers. The Commissioner of the Korean Customs
Continue reading
You must be logged in to post a comment.