Franchise Law
Get key insights into franchise law in Korea, covering franchise agreements, regulatory compliance, dispute resolution, and expansion strategies. Pureum’s top franchise law experts provide practical advice and legal guidance to help franchisors and franchisees navigate the complexities of the Korean market effectively.
Failure to Register a Franchise Disclosure Document
Starting a franchise business in Korea involves strict legal requirements: you must register a disclosure document before offering or signing any franchise agreement.
Understanding Korean Franchise Fees: Types, Regulations, and Refund Rights
Entering the Korean market as a franchisor involves more than just signing a contract—understanding the legal landscape around franchise fees (known in Korea as "gamaeng-geum" 가맹금)…
Korean Franchisor Obligations: Key Legal Duties Under Fair Trade Law
If you're a franchisor operating or expanding into South Korea, understanding your legal responsibilities is crucial. South Korea enforces strict regulations to ensure fairness in franchise…
3 Protection Systems under Korean Franchise Law
South Korea's Franchise Business Act offers stronger protections for franchisees than many other countries. This guide explains three critical legal systems every franchisor and franchisee must…
Penalty Clause in Franchise Agreement
Pureum Law Office (PLO) is committed to providing practical and valuable legal information to our clients, so we delve into the intricacies of a penalty clause in…
Essential Goods & Franchise Business Uniformity: 2024 Franchise Business Act Update
Korea's Franchise Business Act has undergone several amendments due to the significant economic impact of the franchise sector.
Franchise Non-Compete Clause in Korea: When Is a Penalty Enforceable?
A Franchise Non-Compete Clause in Korea can prevent a franchisee from operating a competing business during the franchise relationship. But what happens when the franchisee violates…
Trademark Use After Franchise Termination in Korea: What Franchisees Must Know
Trademark Use After Franchise Termination can create unexpected liability for a franchisee even when there was a legitimate reason to end the franchise agreement. When a…
Essential Goods in Korean Franchise Law: Can Franchisors Require Purchases?
Essential Goods in Korean Franchise Law are an important issue when a franchisor requires franchisees to purchase products only from the franchisor or a designated supplier.…
