LAB PARTNERS EXPERTISE 08
Japan Practice
Businesses of Japanese companies in Korea are exposed to various complex risks. Successful joint ventures are on the decrease, but civil, criminal and administrative responsibilities of CEO and management at headquarters as well as local subsidiaries are more stringent than ever before. Labor and employment regulations which have traditionally been a difficult area to navigate are becoming reinforced under the current governmental policies introducing new policies, including shorter working hours.
Transactions between local subsidiaries and subcontractors or agencies come under stricter fair trade regulations while protection and benefits are close to non-existent. Local subsidiaries are now expected to abide by the strict rules of compliance on trade secret and data privacy at the same level as is required at the headquarters. Local CEOs are in strong need of legal advice and protection to cope with unexpected incidents, and the need for a practical measure in local management is on the rise.
Key Practice Area
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[In-Bound legal service]
One-stop service advising and supporting Japanese company’s expansion and operation in the Korean market One-stop service advising and supporting Japanese company’s expansion and operation in the Korean market – Investment (Foreign investment, JV, M&A, Licensing) – Business transaction (Partners and subsidiaries, Agent, Fair trade and Financing) – Management (Corporate in general, Labor & Employment, Trade Secrets, Data Privacy, Withdrawal of bonds) – Compliance (Internal Investigation) – Dispute settlement – Settlement, liquidation and disinvestment |
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[Out-Bound legal service]
Comprehensive legal service to Korean companies seeking business in Japan in liaison with distinguished Japanese law firms and accounting firms. |