Latest Legislative Trends in Korea Regarding AI
As artificial intelligence (AI) technology is rapidly advancing and the pace of development has far exceeded the expectations of experts,
Overview of Recent Changes to Merger Control in Korea
On August 7, 2024, the Korea Fair Trade Commission (KFTC) implemented amendments to the Monopoly Regulation and Fair Trade Act (MRFTA) on the reporting and review of mergers.
KOREA FAIR TRADE COMMISSION’S NEW ROADMAP FOR ONLINE PLATFORM REGULATION
On September 11, 2024, the Korea Fair Trade Commission (the KFTC) announced a new roadmap for the legislation of the online platform regulation.
FSC Unveils Network Separation Improvement Roadmap – Expanding the Use of Generative AI and SaaS in the Financial Sector –
On August 13, 2024, the Financial Services Commission (FSC) of Korea announced its 「Financial Sector Network Separation Improvement Roadmap」(the Roadmap). This initiative aims to enhance the competitiveness of the financial industry in the rapidly evolving IT landscape.
Selected 2024 Tax Law Amendment Proposals
On July 25, 2024, the Ministry of Economy and Finance released the 2024 proposed tax law amendment proposals (“Proposals”).
Recent Developments Regarding Attorney-Client Privilege in Korea
Attorney-client privilege has once again become a controversial topic in Korean legal practice as there have been reports that in recent criminal investigations,
FSC Announces Guidelines on Determining NFTs’ Status as Virtual Assets
On June 10, the Financial Services Commission (FSC) released the “Guidelines on Determining NFTs’ Status as Virtual Assets” (Guidelines).
KFTC Issues Administrative Notices for Merger Guidelines – to Implement Voluntary Commitments System and Reflect MRFTA Amendments –
In connection with the recently amended Monopoly Regulation and Fair Trade Act (“MRFTA”), which amendments will take effect from August 7, 2024 (the “Amended MRFTA”),
Lee & Ko Advised on the First Innovative Financial Service Involving the Trust Beneficiary Certificates Following the Announcement of the Guidelines on Security Tokens
Following the Financial Services Commission (FSC)’s announcement of the “Measures to Overhaul Regulations to Permit Issuance and Circulation of Security Tokens” in February 2023,
Landmark Ruling: Supreme Court Overturns PIPC Sanctions Against E-commerce Platform Operators
We are pleased to inform you of a landmark ruling by the Supreme Court of Korea which has significant implications for e-commerce platform operators within the country.