We are currently representing a foreign client which exported almonds and walnuts to Korea. The payment terms were Documents Against Payment such which are governed by the International Chamber of Commerce Uniform Rules on Collection 522 (URC 522). Documents Against Payment also known as (DAP or D/P) is of course a method of payment like […]
Author: Mark Benton
Like I said, Korea as an export economy depends on its ability to sell and buy components. It’s the big companies such as Samsung, LG, Hyundai, etc, that have also been hit hard, but they have the cash reserves to absorb that hit. Another facet to Korea’s economic response is that it has a debt […]
One of the reasons I wanted to describe how Covid had affected Korea and its public health responses is that this has also had an impact on the vaccine rollout. As Korea has been relatively unaffected in terms of Covid, there’s been a certain amount of vaccine reticence. The rollout of the vaccine has also […]
AHNSE Law Offices Add New Practice Area Commercial Litigation to their IR Global Membership
AHNSE Law Offices, our exclusive Corporate Law Member in South Korea, are pleased to announce the addition of Commercial Litigation to their IR Global membership. This new position adds further strength to their membership and offers support for fellow members in the area. If you have a requirement in this area, please get in touch with […]
Foreword by Andrew Chilvers Despite these uncertain times, expanding overseas can be a key driver for future growth for an ambitious business. International expansion can breathe new life into a company, drive huge value and set it on a path of continued success. Expanding a business overseas is a strategic opportunity that will help diversify […]
Foreward by Andrew Chilvers As companies continue to look for opportunities in global markets, directors from diverse jurisdictions are hired to serve on the boards of foreign businesses as well as domestic ones that have operations and assets in other countries. Enterprises across the world look for directors from other jurisdictions for any number of […]
Introduction Korea is generally considered to have dealt with COVID 19 very well (so far). There has been no lockdown as such and life has carried on relatively normally. However, the disease has obviously had and will continue to have far reaching consequences. Absent a vaccine, it is not yet known for how long the […]
Introduction A deal can be analysed from the perspective of both commercial and legal risk: one impinges on the other. A well thought out Distribution Agreement will accordingly tend to underpin a good deal; however, a good agreement may do little to ameliorate a bad deal. The purpose of this piece is to highlight some […]
QUESTION ONE – Which techniques are typically used by international counterparties in your experience to overcome challenges in the negotiation process? The aphorism that the business culture is different but the same commercial considerations always apply would be relevant. Like many cultures, Korea is a relationship-based society. This is reflected a certain extent in attitudes […]
Mark is IR Global’s exclusive Corporate Law member in South Korea (www.irglobal.com/advisor/mark-benton). Mark has worked with Ahnse since 2013 with the firm’s foreign clients – in bound and out bound. Ahnse is committed to providing high quality legal advice at a fair price with a broad corporate and commercial practice having both local and foreign […]
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