Being scammed or falling into a trap by fraudsters or scammers is one of the biggest nightmares for anyone. Unfortunately, it can happen to the best of us, but what you do afterwards is what sets you apart from others. You can take a legal action against your perpetrator in Korea and your case would either fall under the category of a civil case and/or a criminal case depending on the matter. In most cases, we believe it is advisable
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IPG Korea Dispute Resolution Law Firm of the Year
IPG’s Korean Office was awarded the distinction as the Korea Dispute Resolution Law Firm of the year by a well-known international business journal in the United Kingdom. The journal is known for producing tailored news and guides for multinational companies doing business in Asia, North America and Europe. IPG is thrilled that, based on feedback from a survey, our frankness, street-smart advice, non-conflicted advocacy and efficiencies created by a cutting-edge case management system was highly appreciated by our clients. For
Continue readingCivil Court Proceedings in Korean Courts: Korean Civil Litigation Basics
The following is a timetable-based outline of Korean Civil Court Proceedings at Korean Courts. Please note, this is the typical civil court proceedings and exceptions do and, often, exist at Korean civil courts. Korean civil courts are less procedure focused than U.S., British, German and other Western nations’ courts, thus, allowing more flexibility for judges and the parties. The proceedings at Korean courts of first instance is, typically, completed within one year from the filing the complaint to a district
Continue readingKorean Civil Litigation Pre-Judgment & Post-Judgment Interest Awarded by Korean Courts
So you are suing a defendant in a Korean Court or you won a judgment in a Korea court? How much interest shall you earn on this judgment? Korea awards different interest rates based in if the judgment is rendered or the judgment is not rendered. Additionally, it is, usually, advisable to include Penalty Damages Clauses to most type of Korean Contractual Agreements. Pre-Judgment Interest in Korea Pre-Judgment interest accrues from the date the payment is due. Unless otherwise
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