Mergers & Acquisitions (M&As) lead to disputes around the world, many of which are complex and involve money that may change substantially the future of a company, shareholders, employees and other stakeholders. Korea is no different in this respect. Korea witnessed the number of its cross-border transaction disputes explode during the 1997 IMF crisis and continue to steadily increase ever since. Many of these issues ended in arbitration and many others lead to criminal charges and into the Korean courts.Continue reading
Tag: Korea Mergers.
Korean Merger Control and the Korean FTC
The Monopoly Regulation & Fair Trade Act of Korea (Fair Trade Act of Korea) is the main regulation governing mergers and acquisitions in Korea. In the majority of cases, reporting and approval is not required for a target company with a yearly turnover of less than KRW 20 billion. The specific jurisdictional thresholds shall be addressed in a followup article. This article is intended to, simply, provide a list of the main Merger Control issues . A more substantive articleContinue reading
Statutes & Regulations Governing Business Combinations in Korea: Korean Mergers & Acquisitions Basics
Most business combinations in Korea take the form of share transfer, asset transfer or a share subscription. All the typical forms of combinations, in Korea, including business transfers, cash-out mergers, triangular mergers, spin-offs, and the like are available in Korea under the Korean Commercial Code. However, the difficulty in getting a deal done in Korea is, often, frustrated, because of bureaucratic uncertainty and the varying laws that govern transactions. You will find, though, that most of the least political sensitiveContinue reading
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