Establishing Business with Korea via an Agent: Korean Agency Law Basics

For some companies wishing to establish business with Korea, the use of a commercial agency relationship may be an ideal way to establish your business presence in Korea. However, this type of agreement comes with risk. Please see: Termination of an Agency Agreement in Korea. https://www.thekoreanlawblog.com/2020/08/distribution-agreement-termination-korea-law.html An agent relationship is often ideal when a company seeks to sell its products in Korea, but wishes to first evaluate and familiarize itself with the Korean market prior to establishing a distributorship relationship

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Korean Jurisdiction and Choice of Law Issues in Korean Agency Agreements

In the drafting and negotiation of a Korean commercial agency agreement between a principal located in one country and an agent located in another country, proper consideration needs to be given to governing law and jurisdiction. For an article on the specifics of Korean agency law, please see: Establishing Business with Korea via an Agent: Korean Agency Law Basics. Jurisdiction determines which country’s courts will hear any proceedings that may be brought in relation to the agreement, whilst governing law

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