Korea Legal News for the Week of June 30, 2013

This Week’s Korean Legal News Reported by Media CJ Group owner held for embezzlement, tax evasion Korea to host special ASEAN Summit next year Koreas to meet on Gaeseong S. Korea’s minimum hourly wage to rise for 2014 Government to boost service productivity Stock assets of S. Korea’s chaebol heads decrease more than 7 pct Foreigners’ net sell-off hits nearly 2-year high Yen’s sharp drop sounds alarm over Seoul’s exports S. Korea unveils measures to boost domestic service sector Hangeul

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Sales Can Largely Be a Matter of Attitude in Korea by Tom Coyner

The following article appeared in the American Chamber of Commerce in Korea Journal.  The article was written by IPG’s Senior Commercial Adviser – Tom Coyner.   Between the two of us, my partner and I have over a half century of successful sales experience.  Sometimes we were successful by simply being in the right place and time with the right product or service.  Sometime we were blessed to be coached by some remarkable sales managers as we learned and perfected

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Korea Legal News for the Week of June 23, 2013

This Week’s Korean Legal News Reported by Media China and South Korea reaffirm efforts aimed at North Kaesong manufacturers’ losses tallied at W706 billion Changwon’s monthly job fair aims to help 50,000 unemployed Parliament extends collection of fines from former leaders Kenya, Korea set to sign deals on taxation and investment Korea, Southeast Asia team up to boost tourism, jobs Tourism Malaysia makes impact at Korean travel fair Major websites down in both Koreas on war anniversary GM’s South Korea

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Selling & Marketing in Korea Through Distributors and Other Indirect Sales Channels

Indirect selling can be one of the least expensive and lowest risk strategies. Among American firms selling into Korea are offshore companies that use local distributors. Often, foreign companies organically grow their operations throughout Asia by contracting local companies before setting up a representative office and hiring their own local staff. This approach offers obvious advantages, but also contains many hidden pitfalls. Before entering into any kind of international distribution agreement with a Korean distributor, for example, it may be

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Korea Legal News for the Week of May 26

This Week’s Legal News Reported by Media Kim’s ‘world class’ ski resort: Would you ski in North Korea? Malawi defends South Korea labour deal S.Korean millers suspend US wheat imports as GM concerns fester Intel Scores Major Win in Samsung Galaxy Tablet Korea Factory Output Rises for First Time in 4 Months Korea suspends more nuclear reactors over unapproved parts Struggling Korean builders tell employees to show loyalty: buy apartments China calls on North Korea to enter nuclear talks North

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Korea Legal News for the Week of May 19

This Week’s Legal News Reported by Media Kim Jong-Un could give North Korea internet at the flip of a switch  Korea poised to import Colombian oil  Korean finance firms lag overseas  U.S. lawmakers send letters to ITC ahead of Samsung-Apple ruling  U.S. Air Force offering data for South Korea seeking to buy fighter jets  Park calls for ‘grand labor-management compromise’ to raise employment rate  Police to beef up war on sex crimes  Korea seeks resumption of free trade talks with

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One Korean Company in 2013 BrandZ Top 100: Samsung

Samsung was ranked in Millward Brown’s 2013 BrandZ Top 100 as the 30th most valuable brand USD 21 billion) with Apple ranking in the top spot way ahead of Samsung (USD 185 billion).  Samsung brand value, according to the report, increased by over 50% year-on-year with Apple’s brand value increasing by a mere 1%. The ranking methodology is interesting and may be found at:  2013 BrandZ Top 100 Ranking Method.  A great deal of the ranking is via subjective factors

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Korea Legal News for the Week of May 12

This Week’s Legal News Reported by Media North Korea names another new armed forces minister  U.S. law aimed at helping North Korean orphans  U.S. Firms see opportunities in South Korea  U.S. envoy says Korea investment attractive despite North Korea threats  South Korea apology for Yoon Chang-jung U,S. sex scandal  South Korean Spies accused of infiltrating Reddit-like site to manipulate election Korea to scrap diesel, petrol import tax break in July  Ministry to raise fund to help Korean firms win overseas

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Korea National Intelligence Service Caught Spying in Australia: Scooby Doo Where are You?

Newspapers throughout the world have been reporting that two South Korean spies have been caught trying to procure sensitive information from Australian government officials with access to information related to a proposed Korean-Australian Free Trade Agreement.  This is not the first time that the Korean government has been accused of spying see: Seoul Hotel Break in Has Making of a Spy Novel. What disappoints me is not that Korea is engaged in spying, but that they do it in such

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Getting a Marital Separation Agreement in Korea: Divorce Checklist

The following Korea divorce checklist may be useful for those negotiating a marital separation agreement in Korea. We highly recommend the utilization of a marital separation agreement, since the normal Korean judgment doesn’t consider some issues that may arise in the future including pension and social security that are addressed in a typical marital separation agreement. The average Korean lawyer that doesn’t handle many divorces for foreigners, often, is not aware of the reality overseas and, thus, often thinks the

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