Shadow Director Liability in South Korea
Under South Korean law, unregistered executives using titles like vice president can be held liable as directors. The statute of limitations is 10 years, not 3.
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Can a CEO Be Liable for Unknown Employee Misconduct? South Korea
South Korea’s Supreme Court (2024Da305421) ruled a CEO may face shareholder derivative suit liability for failing to build an effective internal control system, even without knowledge of employee wrongdoing.
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Complete Guide to Share Issuance Invalidation Lawsuits in South Korea: Legal Requirements to Practical Response
Comprehensive analysis of share issuance invalidation lawsuits in South Korea including legal basis, major grounds, procedures, and corporate practical response strategies. Complete guide based on South Korean Commercial Act Article 429 covering 6-month filing period, invalidation grounds analysis, differences from injunctions, and corporate compliance checklist