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Can a Representative Director Of a Company Donate Company’s Assets to Other...
According to the Korean Commercial Act, a transaction between a director and a company shall acquire an approval by the board of directors(Article 398 of the Commercial Act). This is for the purpose of...
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Is Defaulting Korean Supplier Liable for the Foreign Distributor’s Damages...
A U.S. distributor, or an agent, entered into a distributorship contract with Korean supplier (exporter) for certain goods. Of course, the U.S. distributor was thinking to resell the goods in U.S....
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Does Korean Court issue a Provisional Attachment Order in Support of the...
Let’s assume you file an action for a money judgment in the US court or any jurisdiction other than South Korea, and the defendant has significant assets located in South Korea. In that case, you might...
View ArticleCan a Representative Director Of a Company Donate Company’s Assets to Other...
According to the Korean Commercial Act, a transaction between a director and a company shall acquire an approval by the board of directors(Article 398 of the Commercial Act). This is for the purpose of...
View ArticleStarting a Korean Subsidiary or a Startup: Stock Company and LLC as the...
When you start a business in Korea, whether it is a Korean subsidiary or a startup, choosing the right business structure has huge implications for its operation, liability, and future investment. In...
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