South Korea update introduces Cfius-style restriction

Author: John Crabb | Published: 27 Sep 2019

Amendments to an existing law in South Korea will ensure that industrial technology will not be leaked out of the country in the event that a foreign investor wants to acquire a company that is considered to be of national importance.

In line with the US a number of Asian countries are attempting to ensure that foreign direct investment (FDI) continues to flow into the region, while balancing this with the need to protect important trade secrets and technological advancements, and that companies do not relinquish too much control to foreign owners.

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