The amended M&A Review Guidelines (“Amendment”) of the Korea Fair Trade Commission (“KFTC”) took effect on December 30, 2022. Burden on competition authorities and parties to M&A transactions have been reduced in the Amendment. The most notable changes in the Amendment concerning foreign companies are as follows: 1. More specific criteria for simplified reviews for foreign M&A transactions with no impact in Korea

All Industries In December 2022, production of all industries in Korea declined for the first time in two months as retail sales rebounded but equipment and construction investments decreased. …

Dutch chip firm ASM to invest USD 100 mln in S. Korea for facility expansion S. Korea’s industry ministry said on Feb. 2 it agreed with Dutch semiconductor equipment supplier ASM to boost cooperation for the firm’s planned investment of USD 100 million to build a production factory and a…

Q. A foreign investment in the form of a long-term loan is not recorded as the amount of foreign investment on a certificate of registration of foreign-invested company. What is the reason? A. A foreign investment in the form of a long-term loan is recognized as foreign investment under Article…

With 2022 officially in the books and the New Year well underway, it’s only natural to wonder what kinds of changes we will see ahead. This year, Korea will gradually introduce various changes — some subtle, and some not — to its policy, economy and society that will affect all…

Do you want to set up an offshore company? Here are several things to consider while establishing offshore company in South Korea. An offshore corporation is one that was formed in a country other than the one where its headquarters are located. The offshore company’s location will be distinct from…

Korea’s financial regulator said Tuesday it plans to abolish the existing mandatory registration policy for foreigners investing in local stocks within this year, in line with efforts to meet global standards. The move comes as foreign investors are currently required to file personal information with the local authority before purchasing…

All Industries The index of all industry production in November 2022 increased slightly, supported by the rebound of public administration and mining and manufacturing industries. On the expenditure side, consumption indicators declined for three straight months while those of construction and equipment investment increased. In November, production in mining and manufacturing industries…

Q. Can the foreign currency funds remitted from a foreign country prior to notification of foreign investment be used in establishing a foreign-invested company? A. The Foreign Investment Promotion Act provides that a foreign investment made by a foreigner in the form of the acquisition of new or existing stocks…