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 report that it was looking at increasing monetary penalties. […]
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 into a bubble. Sale of crypto-currencies in Korea through the exchanges increased by more than […]
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 revolutionize the practice of law, the concept of contracts, the insurance […]
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 the inevitable bumps and bruises that every company will eventually […]
In an effort to follow through on his populist promises, President Moon Jae-in and his administration have pledged to achieve “economic democratization” by rolling out changes to competition regulations and by strengthening the fair trade regulatory framework. These changes are likely to have a significant impact on compliance requirements and should be monitored closely by […]
Equifax, Credit Agencies and Risk (mis-) Management Recently, one of the largest credit reporting agencies in the US, Equifax, joined the long list of companies that have been the victim of a major data breach. Equifax is now trying to explain how over 143 million Americans — effectively most of the U.S. adult population — […]
