IPG Legal is one of the only law firms in Korea that caters to foreigners, the expat community and multinational businesses in Korea. IPG Legal is a well-known and highly-ranked law firm with a leading family law practice in South Korea. The firm’s family law practice is known for providing high-quality legal services to clients facing a wide range of family law issues in Korea. With a team of experienced attorneys in Korea who are committed to providing compassionate and effective
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Calculating Child Support in Korea
The following Korean Child Support Table is applicable as of March of 2022. The top green line of the table is the amount of earning per month for the mother and the father. The orange line on the left is the age of the child, while the amounts in yellow are the costs per child. To calculate you obligations you calculate the sum owed to the custodial parent by your share of the family income.. For example, if your child
Continue readingChanges to the Korean Immigration System means more Opportunities for Single Parents to Work in Korea
The Korean Times, recently, reported that the Ministry of Justice is looking at changes to the Immigration System to allow single parents to remain in South Korea with their adult children. The proposed changes are significant as it allows the provision for foreign residents to remain in the country provided they meet specific benchmarks for the resident F-2 visa. Migrants who were previously married to a Korean citizen will now be eligible for this visa, in the event of divorce
Continue readingKorean Intestate Succession Law: Inheriting Property from your Korean-National Parents
We assist numerous clients concerning intestate succession issues in Korea. Many of these clients are foreigners who are children of a Korean decedent who passed away without a will. Typically, the clients are in need of an asset scrub and assistance in the transfer of the assets to the name of the client and forwarding of the funds overseas. Please note this present article deals, solely, with Interstate Succession under Korean Law. If your parent was, solely, a national of
Continue readingGuardianship Law in Korea: The Lotte Family Conservatorship Saga Continues
With the news late in 2016 that the Seoul Family Court Appointed a Law Firm as Legal Guardian for Shin Kyuk Ho, founder of Lotte Group, and the negative effect the ruling had on his elder son’s efforts to regain control of the conglomerates, it is a good time for business owners and their families to understand what guardianship law may mean for businesses and families in Korea. For an explanation of Korean Guardianship Law, please see: Guardianship Law in Korea.
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