Korean Law for Foreigners
The 'Korean Law for Foreigners Blog' covers topics relevant to expats and foreign residents in Korea, as well as overseas Koreans and non-Koreans who need legal assistance in South Korea.
Pureum Law Office Welcomes Two Esteemed Partner Attorneys to Its Distinguished Team
Pureum Law Office proudly announces the addition of two esteemed partner attorneys to its distinguished team. Michael Park, boasting nine years of experience as the team leader of SPC's legal department, established the law firm Yeong in 2022, where he served as…
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. Korean franchise law generally restricts franchisors from unfairly limiting a franchisee’s choice of trading partners. However,…
Franchise Agreement Termination in Korea: Penalties and Franchisee Rights
Franchise Agreement Termination in Korea can become a serious financial issue when a franchisee needs to close a store before the contract expires. A franchise agreement may contain a substantial termination penalty, but the amount written in the contract is not necessarily…
Franchise Information Disclosure Document: When New Fees Can Be Charged
Franchise Information Disclosure Document requirements can become especially important when a franchisor introduces a new fee or financial obligation. Under Korean franchise law, simply adding a new charge to the disclosure document may not always be enough to make existing franchisees responsible…
Korea Inheritance Tax Advice in 2024 (How To Save It)
Korea Inheritance Tax Advice in 2024 Many of our foreign clients here at Pureum Law Office (PLO) have asked about Korea inheritance tax when we were assisting them with related legal issues. This blog post explains the rules and laws associated with…
Sex Crimes in Korea (2024 Korean Criminal Law)
Sex Crimes in Korea Since 2014, PLO has represented various foreign nationals in sex-related offenses. Let’s learn about sex-related offenses as categorized by South Korean criminal law and special acts, with a step-by-step guide for the necessary defensive measures. South Korean laws…
Franchise Sales Projections Korea: Avoid Costly Disclosure Mistakes
Franchise Sales Projections Korea rules require franchisors to be careful when providing prospective franchisees with expected sales or revenue information. Under Korea's Franchise Business Act, false or exaggerated information can create serious legal problems. This is particularly important when sales figures are…
Latest News on Exceptional Nationality Renunciation
It has been more than 2 months since the decree of Exceptional Nationality Renunciation was newly legislated on October 1st, 2022. However, the National Assembly Subcommittee is yet to enact the necessary Enforcement Degree or Enforcement Regulations that support Article 14 Clause…
Franchise Disclosure Document Registration in Korea: Essential Legal Guide
A business may qualify as a franchise even if the agreement is called a license, partnership, or education agreement. Under Korean law, the actual business relationship matters more than its name. For a broader overview, see our guide to Korean Franchise Law.…
