The family behind the South Korean corporate giant Samsung has completed its payment of a 12 trillion won ($8bn) inheritance tax bill, the largest such settlement in the country’s history.
Chairman Lee Jae-yong and other members of the family, paid
The past year has been unusually active for dispute resolution in Korea. The most important developments concern attorney-client privilege, constitutional review of final court judgments, arbitration rules, and corporate-governance reforms that are likely to generate more shareholder and board-level disputes.
South Korea has become one of the fastest-growing defense markets on the planet. Korea’s defense exports reached $15.4 billion in 2025, surging 60% year-on-year, driven largely by major contracts with Poland and other NATO-aligned buyers. The country’s four largest defense
Since 1977, I have observed the rise and fall of many foreign companies in South Korea. I have witnessed the trials and tribulations as a bank employee, a high-tech salesman, a country manager, and as a business consultant of foreign
*This is a post by Tom Coyner from nearly two decades ago. We thought that, given recent employment law changes in Korea, the post would be a useful repost.
Even for so-called Old Korean Hands, knowing what to expect, without
The South Korean Ministry of Science and ICT has initiated the country’s first comprehensive survey of public-sector data holdings to identify and catalog datasets suitable for AI training. This nationwide census aims to address the fragmentation of existing data repositories
Sean Hayes and So Young Yoon appeared on CTV in a criminal matter in Korea, which IPG Legal is assisting with on a reduced-fee basis, as we believe is part of our duty to the Korean legal system and expats
South Korea’s Fair Trade Commission (FTC) has announced that advertisements featuring AI-generated personas, such as fictional doctors endorsing medical products, must clearly disclose their fictional nature to consumers. The FTC will conduct a public consultation on proposed revisions to its
The Supreme Court of Korea ruled that the withholding of customs clearance by a Korean customs office for the importation of “real dolls” into Korea was unlawful ( 2021du49857 ). The Korean customs office held that the prohibition was justified because,
