The Korean Supreme Court has reaffirmed that property gifted as compensation for long-term support or caregiving of a deceased parent may be excluded from special benefits subject to the calculation of the Korean legal reserve of inheritance, to the extent corresponding to such contribution. The ruling is based on the reasoning that since the retroactive effect of a Korean Constitutional Court ruling of unconstitutionality applies to cases pending in court at the time, even if the parties did not file a request for a constitutional review, the
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The Korean Law Blog by IPG Legal Law Firm
Updates by English-Speaking Korean Lawyers in Korea on Korean Law, Korean Legal System & Korean Law Firms. Dispute Resolution Law Firm of the Year. International Law Firm with offices in North America and throughout Asia.
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