A guide to redeemable convertible preferred stock (RCPS), the most widely used instrument in Korean venture investment. Covers redemption triggers, redemption price and source, the SPA and SHA, and founder cautions, with the 2026 KVCA standard forms.
A clause-by-clause guide to the convertible preferred stock (CPS) Investment Agreement and Shareholders Agreement in South Korea. Covers preferred dividends, conversion rights, refixing, and consent rights, with the 2026 KVCA standard forms to download.
The 2026 revision of South Korea’s standard venture investment contracts (KVCA) splits the deal into a Stock Purchase Agreement (SPA) and a Shareholders Agreement (SHA). Here is what changed and why, with all eight contract forms available to download.
Under South Korean law, a “sales agency agreement” label does not make a party a commercial agent. Courts decide by substance: a party that resells on its own account is a distributor (Supreme Court 2011Da28342). Learn the differences in commission, inventory risk, and the compensation claim.
A Seoul court (2024Gahap21529) voided a notarial deed diverting a company’s KRW 680 million receivable to its representative director, holding that shareholder approval does not cure an abuse of representative authority or breach of trust under Korean law.
The Korean Supreme Court (2025Da219931) held that a shareholder-director cannot vote on a director compensation cap and that such shares are excluded even from the total issued shares used for quorum.
Can a creditor seize Bitcoin in South Korea? Learn how Korean courts attach a debtor’s withdrawal claim against an exchange under the Civil Execution Act, why exchanges and their banks are both named as third-party debtors, and how seized crypto is converted to cash.
A Korean lawyer explains shareholders’ voting agreements: why they bind the parties but not the company, and the remedies for breach under South Korean law.
When are consent and penalty clauses in South Korean investment agreements valid or void? A guide to the shareholder equality principle and court rulings.
Shareholders who win a derivative suit in South Korea can recover reasonable attorney fees from the company under Article 405. Key court rulings explained.
