Korean Law Explained | Attorney NOH UJIN

🌐 Language / 語言 / 言語 / Idioma: English 中文 日本語 Español 📋 Korean Law Insight | Korean Legal System By Attorney NOH UJIN | HANBYOL LAW LLC, Seoul Korean Family Law: Inheritance, Estate Planning, and Succession for Foreign Nationals For foreigners with assets in Korea — or Koreans with family members abroad — navigating Korean inheritance law can be a daunting task. Korea's Civil Act (민법) governs succession, and its rules differ markedly from those in common law jurisdictions such as the United States, the United Kingdom, or Australia. Understanding Korean inheritance law, forced heirship rules, and estate planning tools is critical for foreigners who own Korean real estate, hold Korean bank accounts, or have Korean family members. This guide provides a comprehensive overview of Korean inheritance law, with a focus on cross-border succession issues, forced heirship (유류분), the role of wills (유언장), and practical estate planning strategies for i...

🌐 Language / 語言 / 言語 / Idioma: English 中文 日本語 Español 📋 Korean Law Insight | Consumer Protection By Attorney NOH UJIN | HANBYOL LAW LLC, Seoul Product Liability Law in Korea: A Complete Guide for Foreign Manufacturers and Importers South Korea's product liability framework has evolved significantly over the past two decades, creating a complex yet navigable legal landscape for foreign companies that manufacture, distribute, or import goods into the Korean market. Understanding Korea's Product Liability Act (제조물 책임법, PLA) and its interaction with the Consumer Protection Act, the Framework Act on Consumers, and sector-specific regulations is essential for any foreign business operating in Korea. This guide provides a comprehensive overview of Korean product liability law, with particular focus on practical considerations for foreign manufacturers, importers, and distributors entering or already operating in the Korean market. 1. Leg...

🌐 Language / 語言 / 言語 / Idioma: English 中文 日本語 Español 📋 Korean Law Insight | Business Law / Foreign Investment By Attorney NOH UJIN | HANBYOL LAW LLC, Seoul Korean Securities Regulation and Capital Market Law for Foreign Issuers South Korea's capital markets rank among the largest in Asia, with the Korea Exchange (KRX) hosting more than 2,400 listed companies and a combined market capitalisation exceeding USD 1.8 trillion. For foreign companies, investment funds, and financial institutions seeking access to this dynamic market, understanding the Financial Investment Services and Capital Markets Act (자본시장과 금융투자업에 관한 법률, FSCMA) is indispensable. Enacted in 2009 and substantially amended multiple times since, the FSCMA consolidates Korea's previously fragmented securities laws into a single comprehensive statute and imposes rigorous obligations on market participants—domestic and foreign alike. This guide explains how foreign issuers c...