South Korea is an export-focused economy with a growing local service sector. Korea is one of the Top 10 largest economies in the world. IPG Legal is a leading internationally-facing law firm in Korea assisting companies entering and doing business with Korean companies. We work with clients on matters in North America, Korea, China and throughout Southeast Asia. Korea’s Top Exports Some of the largest exports from Korea include: Korea is a country whose economy relies heavily on exports with a growing local service sector and increasing
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Trade and Investment Opportunities for Indian Businesses in Korea
India and South Korea’s Comprehensive Economic Partnership Agreement CEPA is effective from Jan 2010, and the revised Double Taxation Avoidance Agreement-2015, contributed immensely to the expanded opportunities for investments and trade in goods and services for both countries. IPG Legal assists numerous companies entering the Korean market and we have a number of Indian clients doing business in Korea at this time. The bilateral trade, between India and Korea, grew 40% to $23.7 billion in 2021 with further increases expected. Exports from India to South Korea are
Continue readingTop Law Firms in Korea for English-Speaking Clients According to 10 Magazine
We are proud to note that 10 Magazine listed us in an article titled 10 Lawyers in Seoul for English-Speaking Expats in Korea. IPG is listed under the title Large/International Law Firms. Thanks for the mention 10 Magazine. We love your work. IPG Legal and many of our lawyers were listed as top attorneys by numerous legal rating services and magazines. Sean Hayes was, also, rated a top 100 Attorney. To learn more about IPG Legal please check out our website at: IPG Legal. The article by 10
Continue readingSelling in South Korea: For your Sales & Marketing in Korea – Distributor Needed? by Tom Coyner
Indirect selling can be one of the least expensive and lowest-risk strategies. Among American firms selling into Korea are offshore companies that use local distributors. Often, foreign companies organically grow their operations throughout Asia by contracting local companies before setting up a representative office and hiring their own local staff. This approach offers obvious advantages but also contains many hidden pitfalls. Before entering into any kind of international distribution agreement with a Korean distributor, for example, it may be wise to ask oneself just why one is
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
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