Intending to execute a joint venture agreement with a Korean company? Buying a Korean company? Licensing technology to a Korean company? OEM with a Korean supplier? Selling to a Korean company?Before going to bed with a Korean company (or individual) do a little due diligence. The motivation for this article is an article by my friends over at the China Law Blog. Due diligence in Korea is not much different than due diligence in China. However, don’t forget what is said below: “get someone who truly knows what he or she is doing” to assist with the due diligence. We see too many Korean lawyers and Korean business professionals with a lot of ego, but little on-the-ground high-level Korean experience or an inability to think strategically and proactively. The few great due diligence professionals in Korea are, typically, not found easily at the ubiquitous Korean Law Firms, because of issues
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