Suing Korean Directors for Company Loses Based on Breach of Korean Fiduciary Duties

It is getting easier for shareholders to obtain judgments against directors for breaching their fiduciary duties to Korean companies. We recommend all directors obtain director liability insurance and that all shareholders consider suing directors when disputes arise because of the lack of oversight or malfeasance by directors. For a more comprehensive article on this issue please see: Fiduciary Duties of Korean Directors, Representative Directors, and Controlling Shareholders of Korean companies. Director’s Fiduciary Duties to Korean Companies Article 382-3 of the

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