Blog

South Korea’s Geo-Political Risks and the Supply Chain. Are You Prepared?

Recently, a number of airlines have announced plans to cancel flights to South Korea due to the corona virus outbreak. Korean companies such as Samsung and LG have had to shut down production lines in some of their Korean based plants as well,

February 25, 2020

Reputational and Brand Risks- Are You Prepared?

Of all the risks facing companies in today’s business world, reputational risk is one of the most serious. Reputational risk can not only damage a company’s brand, but can even lead to the demise of the company. It is of primary importance

February 17, 2020

Re-examine your current risk management processes: Do they really work in today’s environment?

The recent outbreak of the Corona Virus is a perfect example of how risk, whether biological in nature, man-made, environmental or regulatory, can rapidly change a company’s business plan or effect the current global business outlook. As the virus continues to spread, business

January 31, 2020

Korea Amends its Personal Information Protection Act (PIPA)

Like some of its neighbors in Asia, South Korea has taken data protection very seriously and has implemented a general data protection law- the Personal Information Protection Act or “PIPA”. It first amended the PIPA in 2016 by adding additional regulations and requirements. Unlike

January 15, 2020

Controlling Outside Legal Spend- The Use of Risk Management Tools

Management of litigation, like management of most business processes, begins with a business plan and a budget. In this case, prior to trial, when a company seeks an appropriate law firm to represent it, it needs an acceptable litigation plan and budget. Law firms

January 10, 2020

So You Want a Board Seat at a Korean Company: The Duty of Care in Korea

Like directors in the US and elsewhere, directors in Korean companies have fiduciary related duties to protect and safe-guard the Company and the Company’s assets. Such duties are set forth in the Korean Commercial Code and include: • Duty of Care as a prudent

December 31, 2019

When Picking The Right Law Firm In Korea or Elsewhere Consider The Following Questions

Picking a law firm or the “right” law firm has been the topic of a number of articles and books. This is especially true in Korea. In Chapter 30 of his book, Doing Business in Korea, Tom Coyner describes the trials

December 24, 2019

What do Most General Counsel Look For in a Law Firm?

I am always asked by my younger colleagues how General Counsel or GCs pick law firms when deciding which law firms to use. Most GCs actually pick lawyers, not just law firms, when retaining outside counsel, but it is important that

December 19, 2019

Korea Amends Its Product Liability Law Allowing For Punitive Damages

In 2018, Korea amended its product liability law to allow among other things, punitive damages. These changes should be on the radar of every multinational manufacturer and supplier, selling or distributing products in Korea. A short summary of the changes is as

December 17, 2019

How Law Firms Can Benefit From Loss Control Processes

Law firms and other service oriented organizations are just beginning to realize that risk management concepts apply to them as well as manufacturing based organizations. Lately, consultants are advising law firms to implement project control methods, look at legal processes from a six

December 11, 2019

Crisis Management- It’s All About Communication

In the past I have commented on crisis management and the tools needed to handle such crisis in today’s business environment. Of course what companies are finding out is that international crisis are harder to handle than domestic ones. Why? In today’s

December 9, 2019

KFTC Creates Team to Probe Unfair Trade Practices in the ICT Industry

On November 19, 2019, the Korea Fair Trade Commission (the “KFTC”) announced it was creating a task force that would investigate unfair trade practices in the information, communication and technology industry- ie ICT Industry. . Although the KFTC had established a task force

December 4, 2019

As 2019 is almost over, it’s time to re-examine your current risk management processes: Do they really work?

The other day I had lunch with a friend who was lamenting the fact his company’s sales team continued to ink deals without any regard for risk. When he asked them why they continued to do so, the reply was “that’s the way we

November 29, 2019

Korea’s Cartel Leniency Regime

Leniency programs have been used quite successfully around the world to battle cartels. The same holds true in Korea. Since its introduction in 1997, Korea’s leniency program has become the most important and effective means of cartel discovery. Korea’s leniency program

November 29, 2019

Do You Understand Legal Risk Management?

Today, many in house lawyers and managers still think of risk management as the department that manages insurance policies. Some may in fact think that risk management also encompasses handling bad publicity or maybe even covers a disaster recovery plan. Many in

September 10, 2019

Do You Know Your Stakeholders?

Besides managing risk, risk managers must also have a knack for good stakeholder management. In fact, in order to provide effective leadership in today’s corporate world, risk managers and those who have a risk management function, must understand the significance of good stakeholder

September 5, 2019

Geo-political Risks- Are You Prepared?

The US-China trade dispute as well as the Japan-Korea dispute have to a certain extent caught many companies as well as investors off guard. Considering these political and economic events, many companies should consider reviewing old risk management policies and procedures, if they

August 14, 2019

When Managing Risk Think About “Change”

One of the main drivers of my success over the years has been the ability to “change”. If you look around you, change is everywhere. In fact, it is the only constant in life. Everything changes whether we like it or

August 6, 2019

Get Off The Beaten Path If You Really Want To Mitigate Your Risk

I found myself wandering around Seoul the other day. I stumbled across a backstreet filled with European restaurants, new coffee shops, boutique clothing stores with coffee shops, boutiques with restaurants and even a boutique that would take care of your dog while you

July 31, 2019

Electronically Stored Information- Document Retention Risks and Concerns

If a company is involved with litigation in the United States, it has a duty to locate all relevant information, data, and documents—including ESI that are relevant to the case. This can be quite onerous, as it requires: • Familiarity with document retention policies • Involvement with IT

July 24, 2019

Key Issues When Considering Reputational Risk

July 23, 2019

KPIs-Metrics To Manage Your Legal Risk

When I managed the law department of a company, having data in the form of KPIs (key performance indicators) helped me manage the department. It also showed the risks my department and therefore the company was facing. It was in a sense

July 11, 2019

Jul04

Geo-Political Risk: A Look At Korea

Recently, President Trump met with Kim Jong Un of North Korea for an impromptu talk. Expectations are high for a resolution to the nuclear dilemma, especially in South Korea. What the meeting of course amplifies, is the geopolitical risk facing those companies and organizations

July 4, 2019

Jul02

Korea’s Unfair Trading Practices Regulations: The New Position Of The KFTC

At a recent ECCK meeting, Ji Chul-ho, the Vice Chairman of Korea’s antitrust regulator- the KFTC, asserted that international companies doing business in Korea may face requests from the KFTC to review any international contracts or agreements they have with Korean companies. Ji said

July 2, 2019

May14

Legal Risk Management Processes – Manufacturing Concerns

Apparently a popular heart medication in the US may have been tainted with carcinogenic chemicals, prompting numerous lawsuits in the US , not only against the manufacturer but distributors as well.This can certainly result in class action lawsuits worth billions of dollars. Much of

May 14, 2019

Mar29

Korean 2019 Antitrust & Competition Law Reform Trends

Korea Fair Trade Commission Gets Serious in 2019 The Korea Fair Trade Commission (“KFTC”) has ramped up its regulatory enforcement beyond what was considered normal under past administrations. This enforcement philosophy permeates much of the legislative amendments being sought in the

March 29, 2019

South Korea’s Geo-Political Risks and the Supply Chain. Are You Prepared?

Reputational and Brand Risks- Are You Prepared?

Re-examine your current risk management processes: Do they really work in today’s environment?

Korea Amends its Personal Information Protection Act (PIPA)

Controlling Outside Legal Spend- The Use of Risk Management Tools

So You Want a Board Seat at a Korean Company: The Duty of Care in Korea

When Picking The Right Law Firm In Korea or Elsewhere Consider The Following Questions

What do Most General Counsel Look For in a Law Firm?

Korea Amends Its Product Liability Law Allowing For Punitive Damages

How Law Firms Can Benefit From Loss Control Processes

Crisis Management- It’s All About Communication

KFTC Creates Team to Probe Unfair Trade Practices in the ICT Industry

As 2019 is almost over, it’s time to re-examine your current risk management processes: Do they really work?

Korea’s Cartel Leniency Regime

Do You Understand Legal Risk Management?

Do You Know Your Stakeholders?

Geo-political Risks- Are You Prepared?

When Managing Risk Think About “Change”

Get Off The Beaten Path If You Really Want To Mitigate Your Risk

Electronically Stored Information- Document Retention Risks and Concerns

Key Issues When Considering Reputational Risk

KPIs-Metrics To Manage Your Legal Risk

Jul04

Geo-Political Risk: A Look At Korea

Jul02

Korea’s Unfair Trading Practices Regulations: The New Position Of The KFTC

May14

Legal Risk Management Processes – Manufacturing Concerns

Mar29

Korean 2019 Antitrust & Competition Law Reform Trends

Subscribe Today!

About

Recent Posts

Recommended Sites

Newsletter

Follow Me On

Blog

Jul04

Jul02

May14

Mar29

Subscribe Today!

Popular Tags

About

Recent Posts

Recommended Sites

Tags

Newsletter

Follow Me On