Korea’s Amendment to the Act on the Arrival, Departure, etc. of Ships: Korean Shipping Law

Dangerous substances, illegal substances and other controlled substances are believed, in Korea, to be more often transported by ships into Korean waters. Thus, the Korean government has amended a giving act concerning Korean Shipping Law. To, among other things, increase transparency of what is being shipped, the Korean Act on the Arrival, Departure, etc. of Ships (hereinafter as “Act on Ships” or “Korean Shipping Act”) was amended. The Korean Act

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Korea Fully Legalizes the Usage of LPG as a Fuel for Vehicular Transportation

The Amendment to the Korean Safety Control and Business of Liquefied Petroleum Gas Act (“Liquefied Petroleum Gas Act” or “Act”) was proposed by the Korean Chair of the Trade, Industry, Energy, SMEs and Startups Committee on March 13, 2019 and shall become effective upon promulgation. The aforementioned Amendment enables the use of liquefied petroleum gas (“LPG”) as a fuel for vehicular transportation in the Republic of Korea via elimination of

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“Fine Dust” as Socially-Generated Natural Disaster – Amendment to the Framework Act on the Management of Disasters and Safety 2019

As a further reaction to the fine dust-issue in Korea, the Chair of Korea’s Public Administration and Security Committee proposed an Amendment to the Framework Act on the Management of Disasters and Safety (hereinafter a “Act on Management of Disasters”) on March 13, 2019. The regulation shall become effective upon promulgation. The major legal change is the “damages caused by fine dust” as a being defined as a “socially-generated natural

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Amendment to the Korean Protection of Military Bases and Installations Act 2019

The Amendment to the Protection of Military Bases and Installations Act of Korea was proposed by the Korean Chair of the National Defense Committee on April 4, 2019 and shall become effective in the autumn of 2019. The Amendment stipulates the extension of the scope of “protection zones” within a military base or installation in Korea and amends the process to remove the status as a “protection zone” with the

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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

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English-speaking Korean lawyers and International Lawyers at International Law Firm in Korea discussing issues of Korean Law

IPG Legal is a leading client-focused international law firm with offices in Korea that is, often, selected over the ubiquitous Korean Law Firms when success is essential and success depends on nuanced street-smart advice, proactive  and unconflicted representation. Our attorneys are, intentionally. different from the crowd.  From our retired judge partners to our junior associates, we are all trained with an intense focus on client success, lawyer proactivity, and to understand

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Korea’s Blundering Natural Resource Development Policy

The Korean government has aggressively attempted to secure oil, coal and other energy resources through aggressive acquisitions and explorations. However, in large part, the major ventures have failed because of a lack of foresight, inexperience and, most critically, the active use of inexperienced Korean advisors (Korean lawyers and consultants). Some of the projects sold to the Korean government were nothing more than scams. The Korean government is still hell-bent on

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UN Green Climate Fund to be Headquartered in South Korea

The United Nations has chosen Korea as the host nation of the Green Climate Fund.  Korea beat out Germany, Mexico, Nambia, Poland and Switzerland.  The U.N. Green Climate Fund was first initialized through the 15th Conference of Parties’ Copenhagen Accord.  The Copenhagen Accord led the way to the Cancun Agreement that created the fund and the 2011 UN Climate Change Conference that set the fund in motion. The official purpose

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Korea Aggressive Energy & Natural Resources Program: Locking Up Australia’s Rare Earth Minerals

Arafura, an Australian resources company, has reported that it has executed a non-binding agreement with a major Korean construction company to supply to the company rare earth minerals.   The company will provide, according to the company, a viable option to the Chinese rare earth minerals and the Chinese governments increasing grip over these resources.  Most involved in the energy and natural resources industry know who the Korean conglomerate is, but

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Korea’s Carbon Credit Inititative: Korea Fastest Growing Producer of Carbon in Developed World

Bloomberg posted an article today on the possibility of Korea passing a carbon trading bill.The Bloomberg articles notes that: We believe the bill will be passed” as long as lawmakers schedule a vote after the elections, Young Soo Gil, chairman of the Presidential Committee on Green Growth, told reporters today in Seoul. Lawmakers unexpectedly delayed voting on the bill on Feb. 27, even after Asia’s fourth-largest economy agreed to push

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Korea’s Proactive Energy and Natural Resources Policy: Another Failed Venture?

The Korean Administration has taken a great deal of flack from politicians, the media and the population because of many failed overseas energy and natural resources projects. The criticism is justified, but the bold efforts should be welcomed and fostered.   I wish the U.S. government would take a much more proactive stance as is being taken by China, Korea and India. The most recent efforts on the part of

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Bill Sought to Limit FDI in Key Sectors

Korea Times Feb. 22, 2007 By Kim Yon-seStaff ReporterA group of lawmakers and policymakers are moving to legislate a law aimed at placing restrictions on foreign investment in some key industries. The move is aimed at blocking takeover attempts in the weapons, energy and steel sectors and other high technology areas that have some comparative advantages.The Ministry of Commerce, Industry and Energy (MOCIE) is reviewing the bill in consideration of

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