Compliance- A Shining City by the Sea Recently, Yonhap News of Korean announced that South Korea will conduct fuel efficiency tests on Volkswagen models that have been imported into Korea after the news that Volkswagen admitted to falsifying fuel emission tests results. It did this  by using software that activates emission controls only when the […]

Successful Risk Management Requires A View From The Top Not A View From The Trenches Today I was fortunate to visit a large electronics company in Seoul.  In fact, I was on the 39th floor of the company located in southern Seoul and had an amazing view of Seoul- as evidenced by the picture to […]

After The Dolgorae- The Sewol Ferry Disaster Revisited, A Risk Management Nightmare How a lapse in enforcing risk management processes once again resulted in a disaster.... The latest maritime disaster  in Korea once again not only raises the spectre of the Sewol disaster but once again reinforces the fact that risk management processes including compliance training  must […]

The Korea Fair Trade Commission (KFTC) has recently revised its unfair trade practices guidelines (UFP Guidelines) to protect consumers with regards to e-Commerce transactions.  The UFP Guidelines took effect as of August 20, 2015 and cover several new types of e-Commerce transactions.  The UPF Guidelines include recommended practices in the field of (i) social commerce […]

I visited Gyeongbokgung Palace in Seoul the other day with a friend who is quite knowledgeable not only about the Joseon Dynasty in general but about the palace in particular. What he pointed out was that the palace is built to certain specifications with the palace layout and structures reflecting the importance of symbols, rituals and […]

In Korea, it is vital that you take proactive steps to protect your trade secrets.  A properly drafted confidentiality agreement which contains a restrictive covenant can be an effective tool for preventing trade secret disclosure. But what is meant by the term "restrictive covenant?"