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  • Multiple trade unions can now exist within a single company. The move was designed to give employees more choice, but businesses leader have their doubts about how the system will work in practice
  • By Young-Seok Ki, partner, Shin & Kim
  • David Yu, general counsel of Diageo in South Korea, talks to Katherine Jo about how his company has managed to avoid conflict with the country’s famously strong unions and the challenges posed by new regulations
  • The retirement pension plan in Korea became available in 2005 when the Employee Retirement Benefit Security Act (ERBSA) came into force
  • Korean courts hold that economic substance now overrules legal substance when addressing foreign companies’ use of holding companies in third countries for Korean acquisitions. Lone Star marks the first precedent in this ruling, but other cases will determine how Korea’s National Tax Service will treat such holding companies in the future
  • Weon Jung Kim
  • Samil PricewaterhouseCoopers tax partner Henry An tells Katherine Jo about some of the uncertainties and tax issues that have arisen as a result of Korea adopting International Financial Reporting Standards
  • The M&A market in Korea has made an impressive recovery during the global downturn. Extensive revisions to the Korean Commercial Code should facilitate innovation and further boost growth
  • Kim & Chang
  • Peter Kang, division director at Macquarie Securities Korea, explains how the latest round of regulatory amendments have affected his role and explains what new deal structures may become possible