Partial Amendment Bill to the Electronic Financial Transactions Act passed by the National Assembly’s National Policy Committee
On May 11, 2023, the “Amendment Bill to the Electronic Financial Transactions Act” (the Amendment) passed the plenary session of the National Assembly’s National Policy Committee.
Latest Update to 「Guidelines for Workplace Risk Assessment」 to Impact Businesses in Korea
On 22 May 2023, the Ministry of Employment and Labor (MOEL) announced a significant update to its 「Guidelines for Workplace Risk Assessment」 (Guidelines), effective immediately. The latest changes to the Guidelines aim to improve and reform the existing workplace risk assessment system, a key means to self-diagnose and mitigate risks of employer liability for workplace …
Supreme Court of Korea Affirms Abuse of Dominance for Tying Patent Licenses and Engineering Services in the Shipbuilding Industry
Lee & Ko’s Antitrust & Competition Group successfully represented three major Korean shipbuilding companies in the court action involving Gaztransport & Technigaz SA (GTT), the exclusive holder of key patents in technology for manufacturing/constructing membrane storage tanks used on liquefied natural gas carriers (LNG Carrier).
IP Issues and Implications Relating to ChatGPT
ChatGPT is a conversational artificial intelligence (AI) service based on Generative Pre-trained Transformer (GPT),[1] a language model grounded in artificial neural networks, developed by OpenAI. Launched in 2022, ChatGPT is trained with voluminous text-based data sets of garden-variety nature.
Electricity Business License Approval Criteria – Stricter Standards to Apply
On March 8, 2023 the South Korean Ministry of Trade, Industry, and Energy (MOTIE) issued a legislative notice regarding proposed amendments to the “Detailed Evaluation Standards for Development Projects” (the Amended Evaluation Standards). The intent of the amendments is to enhance the effectiveness of project construction and operations, as well as to minimize disputes between …
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KFTC Proposes to Enhance Investigation and Deliberation Procedures
KFTC issues advance administrative notice on amendments to Investigation and Case Handling Procedures and on enactment of Guidelines for Filing Objections
Proposed Amendment of the Monopoly Regulation and Fair Trade Act
The Korea Fair Trade Commission (KFTC) issued an advance notice with respect to proposed revisions to the Monopoly Regulation and Fair Trade Act (MRFTA) which includes inter alia (i) expansion of merger notification exemptions and (ii) introduction of commitment procedures for merger control (the Proposed Revisions). There will be a public notice period until March …
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Second Major Amendment to the Personal Information Protection Act Passed by National Assembly (III)
On February 27, 2023, the National Assembly passed a bill containing a number of amendments to the Personal Information Protection Act (the Amended PIPA), Korea’s general data protection law. The Amended PIPA, which represents the second step of the Korean government’s multi-step amendment process for the PIPA following the passage of the first amendment in …
Major Amendment to the Personal Information Protection Act Passed by National Assembly (II)
On February 27, 2023, the National Assembly passed a bill containing a number of amendments to the Personal Information Protection Act (the Amended PIPA), Korea’s general data protection law. The Amended PIPA, which represents the second step of the Korean government’s multi-step amendment process for the PIPA following the passage of the first amendment in …
Second Major Amendment to the Personal Information Protection Act Passed by National Assembly (I)
On February 27, 2023, the National Assembly passed a bill containing a number of amendments to the Personal Information Protection Act (the Amended PIPA), Korea’s general data protection law. The Amended PIPA, which represents the second step of the Korean government’s multi-step amendment process for the PIPA following the passage of the first amendment in …