Korean Court Holds Startup CEO Personally Liable for Stock Repurchase: Implications for VC Contracts

A recent ruling by the Seoul Central District Court enforces a personal stock repurchase obligation against a startup CEO, potentially setting a precedent that may shift how venture capital agreements are structured in Korea. On July 16, 2025, the 46th Civil Division of the Seoul Central District Court (Presiding Judge Kim Hyeong-cheol) ruled in favor of a venture capital firm in a lawsuit concerning the enforcement of a stock repurchase clause. The suit (2024 Gahap 59259) was filed by Venture Capital Company A against Mr. B, the

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English-Speaking Business Lawyers in Seoul, Korea: Corporate Law & Compliance Team at IPG Legal

Sean Hayes and English-speaking Korean attorneys working for an international law firm in Korea author the Korean Law Blog. Sean Hayes is the author of this blog. Additionally, English-speaking corporate attorneys and Korean-savvy business professionals contribute articles to the blog. The blog is rated by the ABA one of the Top 100 Law Blogs in the world. Leading rating services rate IPG Legal as a leading law firm operating in Asia and North America. IPG serves mainly expat companies and individuals and, thus, has many English-speaking Korean lawyers with

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