Foreign Policy just put out an interesting article that might sour recent news that South Korea’s Defense Acquisition Program Administration (DAPA) was nearing a deal by which it would purchase F-35s from Lockheed Martin. The article, which primarily deals with the suspicion that the South Koreans may be stealing U.S. military secrets, had this to say about the F-35 program: “Right now, the dialogue between the two countries is focused heavily on the potential sale of the advanced F-35 Joint
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How I Discovered that Smoking Weed is Legal in North Korea – by Tom Coyner
A hat tip to a non-Korean artist friend who also has lived much or most of his life in Asia for forwarding this piece to me. Given the cost of tobacco and the ease of cultivating marijuana, I had heard from a foreign friend who had lived in North Korea that workers often resort to marijuana in the Korea North of the DMZ as a cheap substitute for tobacco. Perhaps only in the DPRK may one find that to be
Continue readingKorea Legal News for the Week of August 4, 2013
This Week’s Korean Legal News Reported by Media Gov’t to expand tax on plastic surgeries N.Korea’s uranium enrichment facility doubles in size U.S. trade commission may side with Apple over Samsung Japanese Embassy finds no temporary offices in Seoul Hyundai Motor workers end 10-month protest Effective tax rates for high income earners to sharply rise Income gap in N.Korea widens Prosecution raids Gwangju mayor’s office Park beats NK leader over Gaeseong Ministry seeks to open business center in Boston Most
Continue readingKorea Legal News for the Week of June 2, 2013
This Week’s Korean Legal News Reported by Media Two Koreas agree to hold talks to normalize ties Most listed Korean companies’ profits dwindle Collecting Fines from Ex-Pres. US, China, Japan Hail Koreas’ Moves to Hold Gov’t-level Talks Korea’s May trade surplus biggest in 32 months 1,000 women file complaint against Park’s ex-spokesman Korea to collect and recall U.S. wheat, flour imports from Oregon South Korea prepares contingency plan amid swings in bond market S.Korea, China pledge to expand military cooperation
Continue readingKorea Legal News for the Week of May 5
This Week’s Legal News Reported by Media Korea’s President seeks to shore up U.S. support Bank of China closes account of key North Korean bank Samsung C&T wins $483 mln order to build Mongolian coal railway Korea dept, discount store sales both fall in April GM plans no pullout from South Korea but workforce a worry: CEO quoted Samsung wind turbine test site plans backed by ministers LG takes No. 3 spot in smartphone market Korea May Jump on Rate
Continue readingKorea Legal News for the Week of April 28
This Week’s Legal News Reported by Media South Korea withdraws citizens from joint factory after North snubs talks North Korea’s trade with EU halves in 2012 Private equity firm to buy stake in Korea’s STX Energy LS Power completes part of Arizona Arlington Valley solar farm Korea, China agree on basic guidelines for FTA Korea-Turkey FTA to boost industrial exports Multinational firms flocking to Korea National Assembly OKs retirement age change Anti-corruption body to toughen law on bribery Korea BOK
Continue readingSouth Korean’s Aiding North Korean Hackers Arrested in South Korea by Seoul Central District Prosecutors’ Office
The Seoul Central District Prosecutors’ Office has announced that they have arrested the owner of a South Korean-based company and its employees for violation of the National Security Law. The owner of the company was arrested and detained and the owner’s older brother and the employees of the company were arrested, but were released pending further investigation. The arrests were, apparently, in relation to the recent cyber attacks by North Korea and, also, the alleged operation by the arrested of
Continue readingShould your Company in South Korea be Concerned About the Threats from North Korea
North Korea has ratcheted up its propaganda. The situation is the most tense, since I first came to Korea in the mid 1990s. However, most of my friends and colleagues, that have lived in Korea far longer than I, are not concerned. For these old Korean hats, North Korea is simply rattling its little saber, since the tension between the North and the South allows the North Korean population to have an increased sense of nationalism and loyalty to Kim
Continue readingKorea’s New President and the North Korean Issue by Tom Coyner
This week South Korea has a new beginning, with a new president who promises change – she is the nation’s first female head of government – while providing continuity as a member of the same party of the outgoing president. But as the old saying goes, “The more things change, the more things remain the same.” That is to say, in spite of contemporary events’ cosmetics, the fundamentals remain remarkably constant. I was reminded of this fact during my monitoring
Continue readingPersonal Data Protection in Korea under the Korean Information and Communications Network Act
Under the Korean Act on the Promotion of Information and Communications Network Utilization and Information Protection, Etc. (“ICNT”) a Government Notice, that entered into force last month, mandates all the major information services providers and data centers to become Information Security Management Systems certified. The Notice was a reaction to security breaches that may have revealed confidential information of users of various websites. The Notice requires all press agencies, on-line shopping malls, web portals and the like with revenue of
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