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[Deals & Cases] Establishment of a JV in Vietnam by a Korean company advised by Chaeum
Chaeum has successfully advised and represented a leading Korean entertainment platform company (the "Company") to establish a joint venture in Vietnam with a local Vietnamese partner. The Joint Venture was established by… -
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Types of Entities for Foreign Direct Investment (‘FDI’) in Korea
Foreign Investment Promotion Act is the basic law for foreign investment in Korea, which is designed to facilitate foreign investment and provide various benefits for foreign investors. Generally, a foreign investor has… -
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[Deals & Cases] Due Diligence in Korea & Legal Opinion for Hong Kong IPO
Chaeum's cross-border corporate transaction team has successfully advised the sponsor, a top-tier investment bank located in Hong Kong, in relation to initial public offering (IPO) and the listing of a Hong Kong-based… -
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Difference between Joint Stock Company and Limited Liability Company in Korea
Two most common types of a corporation are Joint Stock Company (“chusik hoesa” in Korean; JSC) and Limited Liability Company (“yuhan hoesa” in Korean; LLC). Set forth below is general information on… -
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Legal Validity of Digital Signatures in Korea
As technology develops, digitalized signatures are widely used replacing more traditional means such as seals and wet signatures. Under the Korean laws, digitalized signatures are deemed legally binding and effective pursuant to… -
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Obligation to Designate Domestic Agent under Network Act in Korea
Background As various global online services have emerged and been widely used, a number of cases where an overseas business entity has to process personal information of the Korean nationals has increased… -
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Korea to Tax on Cryptocurrency from 2022
The Ministry of Economy and Finance of Korea has announced on 1 December 2020 that it will impose a 20 per cent income tax on any profits made from trading cryptocurrencies such… -
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Limitation to Processing of Resident Registration Numbers in Korea
In Korea, all citizens and foreign residents (i.e. any foreign nationals who reside in Korea for more than 90 days) are obliged to register and are provided with the resident registration number.… -
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Acquisition of Stolen or Lost Movable Property in Good Faith in Korea
Pursuant to Article 249 of the Civil Act in Korea, if a person, who peaceably and openly was assigned a movable property, had possession of it in good faith and without negligence,… -
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[Deals & Cases] Garnishee’s Obligation to Make Statement in Korea advised by Chaeum
Chaeum has advised and represented a global online travel booking platform company before the court in Korea relating to an execution creditor’s request by submitting the Garnishee’s statement (제3채무자의 진술 의무 in…
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