December 14, 2017

The Government of Korea announced its policy to handle the cryptocurrency in Korea on December 13, 2017, after the discussion among the relevant government agencies, including the Ministry of Law, Financial Services Commission and Fair Trade Commission.

According to the public release, the Government...

June 26, 2017

The plaintiff in Shinil brought a lawsuit seeking a non-validity or non-existence of shareholder meeting’s resolution based on that he was refrained from exercising his rights as a shareholder at the meeting. The plaintiff in this case bought the company’s stocks with the funds in a certain bank acc...

June 12, 2017

In April 2016, KIPO (Korean Intellectual Property Offices) officially announced the amendment of the Korean Patent Act which will enter into force on March 1 2017. The intents for this amendment were to prevent the unnecessary patent disputes and improve the credibility of the patent through the avo...

June 2, 2017

The medical device business in Korea is generally governed by Medical Devices Act, in which the business activities are categorized by four (4) categories: i) manufacturing business, ii) importation business, iii) repairing business and iv) distribution/leasing business.

A medical device manufacture...

June 1, 2017

The comprehensive amendment to the Korean Trademark Act was approved by the National Assembly and began to be effective from the September 1, 2016. According to the Korean Intellectual property Office announcement, the amendment was very comprehensive since 1990. In this post, we will address some n...

May 30, 2017

One of the incentives for the new and renewable energy is government loan. To promote this industry, the Korean government has offered a loan program, long term and low interest, to the energy producers so that they can reduce the financial burden. This loan program has three categories: facilities...

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