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Dividing Private Company Shares in a Divorce in South Korea
Family Law · Property Division Dividing Private Company Shares in a Divorce in South Korea:The Buyout-First Rule Soyoung Park · Representative Attorney, Atlas Legal Supreme Court of Korea 2024Meu16033 · 2024Meu16040 Key takeaway: In a 2026 ruling, the Supreme Court of Korea held that when dividing unlisted (private) company shares on divorce, courts should generally…
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Construction Lien Possession Requirements in South Korea
Construction Lien · Real Estate Construction Lien Possession in South KoreaHow Much Control Is Enough? Soyoung Park · Representative Attorney, Atlas Legal Supreme Court of Korea, 2011Da44788 and related decisions Quick answer: Under the law of South Korea, possession for a construction lien (yuchigwon) means factual control that excludes interference by others. A lienholder need…
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Crypto Delivery Default Damages in South Korea — Seoul High Court 2024Na2025198 Explained
Virtual Assets · Breach of Contract Crypto Delivery Default Damages in South KoreaSeoul High Court 2024Na2025198 Explained Soyoung Park · Representative Attorney, Atlas Legal Seoul High Court 2024Na2025198 · Seoul Southern District Court 2022Gahap111340 Contents 1. What happens if a company breaks a promise to deliver crypto in South Korea? 2. Does a falling crypto…
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Used-Car Fraud and Unjust Enrichment in South Korea
Civil · Unjust Enrichment Used-Car Fraud and Unjust Enrichment in South KoreaWhat the Supreme Court’s 2025Da219380 Ruling Means Soyoung Park · Representative Attorney, Atlas Legal Supreme Court of Korea 2025Da219380 · Daegu District Court 2025Na301866 Contents 1. What did the Supreme Court actually decide? 2. How did a used-car sale become a fraud? 3. Why…
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Minor Life Insurance in South Korea: Void Death Coverage and Insurer Liability
Core Answer: Under South Korean insurance law, a death benefit policy on a minor’s life entered into by the parent as legal representative constitutes a conflict-of-interest transaction requiring the appointment of a special agent (teukbyeol daeriin) under Article 921 of the Civil Act. Changwon District Court 2025GaHap10707 held that the death benefit portion of such…
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Civil/Administrative | Corporate Disputes | Corporate/International | Employment & Labor | Int'l Transactions&Disputes
Bad Loan Employee Liability in South Korea
Table of Contents 1. What Standard of Care Do Financial Employees Owe in South Korea? 2. How Do South Korean Courts Calculate Damages for Bad Loans? 3. What Types of Misconduct Trigger Liability Under Korean Case Law? 4. How Do Courts Limit Employee Liability in South Korea? 5. When Are Supervisors and Approving Officers Personally…