IPO Penalty Clauses in South Korea
In South Korea a listing covenant is an obligation of means, not result. The Supreme Court set out when a failed IPO triggers a penalty payment.
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Using a Joint Work Without Consent in South Korea — No Crime, but Damages Nonetheless
In South Korea, using a joint work without a co-author’s consent is no crime but is civil infringement. Suwon High Court 2025Na13164 awarded damages.
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Rehiring After the Retirement Age in Korea
In South Korea, rehiring after the retirement age is the employer’s prerogative — unless an established practice has created a legitimate expectation.
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Employee Invention Compensation in South Korea
On June 24 and 25, 2026 the Supreme Court of Korea reversed four employee invention compensation cases. Internal rules setting triggering conditions and a review procedure fix a payment time subject to an uncertain time limit, so the ten-year period runs from that date.
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How to Dispose of Treasury Shares in South Korea
Effective March 6, 2026, South Korea requires cancellation of treasury shares within one year and pro rata disposal to all shareholders on equal terms. Learn the exceptions for third-party disposal and when a bylaws amendment is mandatory.
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Family Business Inheritance Deduction Reform in South Korea
South Korea’s 2026 tax reform raises the family business inheritance deduction cap to KRW 100 billion while lifting the management period to 30 years.
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Won at the Supreme Court, Lost on Remand: Direct Payment Agreements in Korean Construction
A direct payment agreement under Korea’s Framework Act on the Construction Industry transfers the construction payment claim to the subcontractor on the signing date, so later seizures fail. Yet the subcontractor lost on remand for failing to prove completed work.
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R&D Capitalization Liability in South Korea
Korea’s Supreme Court held an issuer, both co-CEOs, and a disclosure officer liable for capitalizing Phase 1 R&D costs as intangible assets, awarding investors 30% of their losses.
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Book Inspection Orders in South Korea: Why the Daily Penalty Often Never Accrues
A book inspection injunction with a fixed compliance window yields no daily penalty when indirect compulsion begins after it lapses. Supreme Court 2025Da218465.
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Debtor Death After Bankruptcy in South Korea
The Supreme Court of Korea held in 2024Geu834 that heirs are not deemed to have made a qualified acceptance when a debtor dies after a bankruptcy declaration. Learn the three-month deadline and the inherited estate bankruptcy option.