Below are the basic Korean start-up agreements, normally, necessary for doing business in Korea. The list is not exhaustive. We will be writing on all of these agreements over the next couple of months. Please note we have articles about Korean shareholder (JVC), distributor, license and other agreements already posted. Korean Stock Corporation (Chusikhaesa) Shareholder Agreement/Joint Venture Agreement Article of Incorporation Intellectual Property Assignment/License Agreement Confidentiality/Nondisclosure Agreement Employees and Management in Korea Employment/Contractor Agreements Work Rules Confidentiality Agreement Korean Customers/Vendors Service Agreement License Agreement Sales/Distributor Agreements
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Doing Business in Asia: Due Diligence, Agreements, Attorneys and Street Smarts
International attorneys mention in blogs, speeches, journal articles and in the press, frequently, that doing business in Asia is different and much more risky than in the West. Maybe we are not getting the word out clear enough. Understand, we are not trying to sell you anything you don’t need —-LISTEN UP – Get someone who works locally to execute these deals, get a carefully drafted agreement and engage in a little due diligence. If not, we love litigation, winding-up joint ventures and filing criminal complaints. These
Continue readingAsia Risk: KIKO in Korea
Quote from the Cover Story of the May 2009 issue of Asia Risk Magazine KO-ed in Korea Sean Hayes, foreign legal consultant, says that the firm’s key arguments will all be around mis-selling. Hayes makes a point of saying that Ahnse is not a typical plaintiffs’ lawyer – the firm’s clients are often foreign companies or large banks that need to defend themselves in Korea – and he himself had misgivings about the cases when Ahnse accepted them. “When I first looked at this, my general attitude
Continue readingEgyptian Cell Service Introduced in North Korea
I had the displeasure of visiting North Korea on a few occasions. Maybe on my next trip I will be able to use my cell phone. The Egyptian company, Orascom Telecom, announced that it is investing $400mil in North Korea to develop a 3G Mobile Network. CHEO Technologies, which is 75% owned by Orascom and 25% owned by North Korea, won a 25-year-license to operate the network. The network went online today. Orascom noted that service will be expanded to most major cities by the end of
Continue readingU.S. SOFA Korea not Reciprocal
It has been noted by my friend Brendon over at Korea Law Blog that: The Korea Times reports that in August Korean aircrews and planes will be training at Nellis AFB, Nevada for the first time. As for me, I am halfway hoping that one of the Korean military members gets into a traffic accident, or even flips out and commits some sort of crime. We are talking about servicemembers on temporary duty, so drunk driving seems the best bet. So why am I rooting for some
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