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Category: Insight
Dealing with a foreign country's corporate tax regime can be challenging, as national and local tax administration varies from country to country. Though that of Republic of Korea (the “Korea”) is fairly standard, as a foreigner interested in either establishing...
On January 9 2020, the South Korean National Assembly passed several consequential amendments to the country's most important pieces of data privacy legislation: the Personal Information Protection Act ('PIPA'), the Act on the Promotion of Information and Communications Network Utilization...
What are South Korea's main employment regulations and do they apply to foreign nationals working under the country's jurisdiction? Laws that pertain to employment matters are: Article 32 of the Constitution, which outlines the basic principles of employment law and...
Ranked 12th in the 2020 international GDP ranking, South Korea--only half a century ago a welfare state on par economically with Indonesia and Kenya--has come to be seen as one of the world's most opportune and reliable trading partners. As...
Thanks to the Foreign Investment Promotion Act of 1998 (FIPA), there are many advantages to making a foreign direct investment (FDI) in South Korea. Indeed, various forms of tax support, cash grants, and industrial site support render South Korea a...
While the world's largest economies brace themselves for a second wave, South Korea―ranked 9th out of 23 countries in level of economic recovery following the coronavirus outbreak by the TIGER index―is predicted to make a "K-shaped" economic rebound in the...
Each year, ALB invites an independent judging panel of senior and expert legal industry leaders from various sectors corresponding to the diverse list of award categories and selects outstanding law firms and in-house teams based on their evaluation. As a...