In a previous blog post, I have discussed certain updates to Korea's data privacy laws. The updates are in response to the credit card scandal of 2014 in which 3 major credit card companies faced a massive data breach.   Korean data privacy laws as well as its  regulations and guidelines have all been tightened in […]

Credit Insurance- Protect Your A/R These days, many companies are faced with numerous risks such as cyber security threats, government investigations, scandals, onerous litigation, etc.  These threats and others of course pose a great risk to the long term viability of a company.  Manufacturing companies as well as distributors face the added burden of dealers […]

When managing risk consider insurance Though most people don’t consider how risky everyday life can be, most companies and organizations understand that risk exists around every corner.  The trouble is that some companies still do not take adequate steps to properly manage risk.  Consider the recent incident of the executive who died via a treadmill […]

A number of countries have enacted strict policies when it comes to the protection of personal data as well as private data.  Such policies, though onerous, are supposed to provide a level of protection to society in general as well as instill confidence in a country’s marketplace and commercial sector.  South Korea enacted what was […]

South Korea and Corruption- A Renewed Focus On Corporate Compliance Currently, Park Guen Hye’s administration is caught up in a potential bribery scandal involving alleged pay outs to several of President Park’s top aides as well as other politicians connected with the ruling party. 

Recently, Korea’s government has been racked by a corruption scandal that has resulted in the resignation of Prime Minister Lee Wan-Koo.  The scandal threatens to engulf Park Geun Hye’s administration and may result in an early application of Korea’s new anti-graft law resulting in prison sentences for some government officials.  No one wants to be implicated […]