Korea is one of the most dynamic markets in Asia with a complex and ever-changing legal landscape. Korean regulators move quickly, Korean courts are sophisticated, and legal risk in Korea often shows up in places foreign businesses don’t expect: labor disputes that become criminal complaints, data incidents that trigger parallel investigations, shareholder conflicts in tightly held companies, or cross-border family and inheritance matters with assets in multiple jurisdictions. IPG Legal is built for that environment. We are an international law firm with a substantial practice in Korea
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Korean Pension Division in Divorces under Korean Law
Divorce in Korea raises complex legal questions regarding the division of real property, movable property, pensions, and retirement benefits. A recent decision by the Korean Constitutional Court has invalidated a pension-splitting formula under the Korean National Pension Act, ruling that this Korean law infringes on property rights. This landmark ruling by the Korean Constitutional Court has led to calls for legislative reform. For additional articles on Korean Divorce Law, please see: IPG Legal’s Divorce & Family Law Archive. The author of this article is the first non-Korean attorney to
Continue readingWhy are Legal Fees at Korean Law Firms Higher than New York and London: The Good, the Bad and the Ugly
I had a client note that their former Korean law firm was charging them double what they would have been charged in NY for a similar project. This is not rare and the situation is, often, worse when litigation is involved. A list of the best Korean law firms in Korea may be found at: 10 Best Law Firms in Korea. The Good: The Hourly Rates in Korea, normally, are Lower than Hong Kong, London, New York, Tokyo and Paris. Increased competition has brought down rates to
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