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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Korean Tourism Infrastructure Improving: Special Act for the Expansion of Tourism Accommodation
The Korean Tourism Organization under the leadership of a German-born non-ethnic Korean is the greatest reason for the increase in the number of tourists in Korea. The KTO has been transformed from a government black hole into a vibrant organization with a bold vision. One of the most significant issues for tourists visiting Korea, because of the drastic increase in tourism over the past few years, has been the lack of adequate accommodation. Seoul is notorious for having, during peak
Continue readingHow Sustainable is the Korea-Pop Music Phenomenon?
Among the many topics that have surfaced during the past two months as I traveled about Ireland and the US West Coast, I settled on the below, current report as I have been thinking for months of writing a column on just what the Korea Wave or Hallyu may actually be or not be. Samsung Economic Research Institute (SERI) does a decent job in describing what are the results of Hallyu around the world. The analyst provides a decent account
Continue readingStatus of Interns Under the Korean Labor Standards Act: Employees Entitled to Severance/Minimum Wage?
Interns in Korea may be considered Employees under the Korean Labor Standards Act, thus, entitling the interns to minimum wage, severance, and numerous other protections and benefits under the Act. The matter is having an impact on franchises, entertainment companies, and other SMEs. The, incredibly vague, Employment & Labor Ministry Guideline 826 (April 7, 2009) notes, in part, that: If a person is considered an employee under the Labor Standards Act shall be determined by considering the subordinate relations with
Continue readingSecond-Screen Legal Issues Addressed by Attorney Sean Hayes at MIPCOM in Cannes, France
The following article appears in MIPCOM. MIPCOM’s website may be found here. Primary Issues for Second Screen “The Second-screen format that enables viewers to interact with TV content via social media could be opening up a tangle of legal issues, concluded speakers at Second Screen – Legal Issues and Solutions. Organized by the International Association of Entertainment Lawyers, the speakers noted that viewers’ ability to access extra TV-related content on smartphones and tablets posed new legal challenges for broadcasters and
Continue readingK-Pop Star Psy and Currency Swaps – Interesting Article on the Continued Ascent of “Brand Korea”
Reuters, in a new article co-written by Se Young Lee and Christine Kim, has made out yet another case for the impressive popularity of “Brand Korea.” Korea’s government recently announced three currency swap deals worth more than USD 20 billion. What makes things truly remarkable about all this is that Korea is able to couple its economic prosperity with cultural influence in Asia and, now, even North America. The result, as we know, is a booming situation on the peninsula
Continue readingSean Hayes Attends American Bar Association’s Forum on Franchising
IPG has one of the leading practices in Franchise and Distribution in Asia. Sean Hayes will attend the American Bar Association’s Forum on Franchising. From the event’s brochure: Welcome to the 36th Annual forum on Franchising at the Rosen Shingle Creek Resort in Orlando, Florida on October 16-18, 2013. Starting on Wednesday, October 16, highly-experienced franchise attorneys will present Fundamentals of Franchising, the finest course available on the basics of franchise law. Two additional five-hour intensive programs will also be
Continue reading‘Meet the Lawyers’ Session at MIPCOM Features Sean Hayes
Along with the speech by attorney Sean Hayes at MIPCOM on October 8, 2013 – Sean participated in a session entitled ‘Meet the Lawyers.’ Sean discussed, during the session, issues related to the clearing and acquisition of intellectual property in Asia. In attendance were attorneys from Germany, Holland, Turkey, Korea, the UK and the US. Other articles that may be of interest that relate to MIPCOM: Sean Hayes Speech on Second Screen Legal Issues Reported in MIPCOM News October 9,
Continue readingSean Hayes will be Speaking at MIPCOM
MIPCOM promotional materials regarding Sean’s speech: As the popularity of second-screen apps and automated content recognition (ACR) grows, so do its legal and technical issues. Do these apps have the rights to use content from television programs? Who owns the digital fingerprints and who has the right to use them in conjunction with network programs? Who owns the second-screen experience and the relationship with the viewer? Our panel of experts will discuss the current law in the TV space and
Continue readingBusiness Opportunities in Korea for Entertainment Companies
I just read a blog post by my friends over at the China Law Blog that motivated me to write the following post. Korea is an excellent testing ground to determine the feasibility of your business for other Asian markets such as China or Japan. The country has, also, proven more profitable, for many businesses, than the often too hard to catch “Chinese Middle Class.” The following is a list of some industries that are successful in Korea: 1. Franchises.
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