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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

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

Korea’s cryptocurrency environment still remains cloudy as ever. Although the Korean government has taken steps to regulate the use and sale of cryptocurrency by proposing six bills in the National Assembly, it remains to be seen which regulations will finally be implemented.

Picking a law firm in Korea has been the topic of a number of articles and books. In Chapter 30 of his book, Doing Business in Korea, Tom Coyner describes the trials and tribulations of picking the right

South Korea has taken data protection very seriously and has implemented a general data protection law: the Personal Information Protection Act, PIPA. Amended in 2016, PIPA places strict requirements on data privacy in sectors such as IT networks, credit card information, cloud

For those doing business in Korea or wanting to do business in Korea, it helps to have an understanding of the local antitrust laws and regulations. To begin with, the Korean antitrust regime is governed by the Monopoly Regulations and Fair Trade

Like directors in the US and elsewhere, directors in Korean companies have fiduciary-related duties. Such duties are set forth in the Korean Commercial Code and include: Duty of Care as a prudent manager Duty of Confidentiality Fiduciary Duty

There are many kinds of risks facing companies on a daily basis.  Geo-political risk is definitely one of them and it is a major risk that companies and countries alike must navigate. The geo-political risks in greater Asia have long been

After more than six months of review, the KFTC Task Force issued its final recommendations for improving Korea’s competitive legal enforcement system.  Recommendations covered three main areas: (i) Administrative Enforcement, (ii) Civil Enforcement, and (iii) Criminal Enforcement. Administrative Enforcement The Task Force announced in its interim

Though Korea’s fascination with cryptocurrencies continues, it remains to be seen whether the latest proposal will put a damper on cryptocurrency exchanges.  Recently, regulators announced policies to rein in the trading of cryptocurrencies over concerns that cryptocurrencies have been ballooning

With the boom in Bitcoin and other blockchain-based cryptocurrencies, industries of all sorts are seeking ways they can apply blockchain to automate transactions. As a cryptographic technology that provides for the validation of information without human input or review, blockchain has the potential to

  Anyone in an organization can take the lead on risk management, simply by posing the right questions to department heads and top executives before crisis arrives. You don’t have to be the CEO to make sure that your company is ready for one of

Korean media has recently reported that the Prosecutor’s Office in Korea is investigating a claim that  McDonald’s Korea may have violated  food safety rules based on the allegation by a family that their daughter contracted  hemolytic-uremic syndrome ( “hamburger disease”) after consuming a hamburger at