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  • 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
  • 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
  • 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
  • Young Sun Cho
  • By Jong Koo Park, senior attorney and Shin Kwon Lim, senior attorney, Kim & Chang
  • After seeing some turbulence after the 2008 financial crisis, last year saw important developments in capital markets. Revised regulations have opened up new opportunities and foreign investors are becoming increasingly confident
  • Provisions regarding consent orders were one of the notable features of the Korea-US Free Trade Agreement. Announced benefits include lightening the caseload of Korea’s Fair Trade Commission, the cutting of time and costs, and giving consumers a better deal. But will it catch on?
  • As the Korean economy expands, the country’s companies are being made to realise the importance of meeting corporate governance standards – and not just in Korea
  • Korea Fair Trade Commission director general Joong-weon Jeong gives his assessment on the development of competition law in Korea, and throws a spotlight on the internal workings of one of the most aggressive fair trade commissions in Asia