The following article was originally published on June 7, 2017, and first appeared in the April 2017 edition of "Value Chain," the Monthly Magazine of the Korea Business Leaders Alliance. It was written by Terry Kim and Sun Chang of Lee & Ko.
Suppose that you own a franchise business. It can be of any type. Let us say that your franchise business offers Kansas City spareribs in ways that are truly unique. Through careful planning, development, and hard work, you developed “Kansas City BBQ” into a franchise business that is widely-known and enjoyed by your patrons of all ages. After many years of successfully operating your franchise business, you believe that time has come to look beyond your borders and introduce “Kansas City BBQ” abroad so BBQ enthusiasts from around world can experience the authentic taste of Kansas City spareribs.
You decide that Korea is an attractive market. Since you are cost-conscious, at this point in your thought process, you might ask yourself the question: what would be the most aggressive franchise arrangement for introducing “Kansas City BBQ” to Korea that is both legally compliant and inexpensive?
This article was originally published on May 24, 2017 and written by Rodney J. Johnson.
Introductions to the worldwide cybersecurity incident largely known publicly simply as “WannaCry” can be found all over the web. Wikipedia defines the incident like this: “The WannaCry ransomware attack was a worldwide cyberattack by the WannaCry ransomware cryptoworm, which targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin cryptocurrency. The attack started on Friday, 12 May 2017, and within a day was reported to have infected more than 230,000 computers in over 150 countries.”
This article was originally published on May 16, 2017 and written by Bryan Hopkins.
A Wake Up Call To The Risk Management Industry and Legal Community.
The recent global cyber-attack emphasizes the growing risk of cyber-attacks around the world and the issues facing the risk and resilience community. Not only do cyber-attacks threaten businesses and organizations on a daily basis but the addition of ransomware to the mix underlies the threats facing organizations, businesses and governments on a worldwide basis.
This article was originally published on March 7, 2017 and written by Rodney J. Johnson.
Convergence is an evolutionary process where multiple different systems merge toward performing similar or overlapping functions. Multiple technologies may come to serve the same roles. Multiple machines or devices may come to fill the same uses. Multiple industries may come to offer the same value propositions, either with or without knowledge of overlapping ones offered by adjoining industries.
This article was originally published on February 8, 2017 and written by Michael Chang and Joongil Cho.
Icarus in Greek mythology has long symbolized mankind’s longing for the sky. Mankind finally accessed it thanks to the Wright brothers. Today the development of drones enables ordinary people with little or no expertise to access the skies.
This article was originally published on February 2017 by Young Mo Kwon and Un Ho Kim.
Under Korean patent practice, the elements recited in a preamble of a patent claim or description of related art of the patent specification was often considered as prior art. Specifically, the Supreme Court in 2005 held that the description of related art is presumed to be prior art (Supreme Court Decision 2004Hu2031Decided December 23, 2005).
This article was originally published on February 9, 2017 and written by Rodney J. Johnson.
There is an enormous amount of value in being able to see the future. If we can see what is coming around the corner, we can make better decisions, prepare better, and get a jump on our competitors. Considering how much money there is to be made, and how much advantage to be gained by being able to see the future, you’d think we’d work harder on being better at it. The problem is that there isn’t much to practice. Predicting the future is more art than science. It requires a god’s eye view, encompassing all the data available, and we rarely have that.
This article was originally published on February, 2017 and written by the Vietnam Practice Group of Lee & Ko.
For the transaction between Vietnamese subsidiary and the Korean parent company, the Vietnamese company withholds taxes on royalty, service fee and interest income and send the tax invoice to Korean parent for the calculation of the corporate income tax in Korea.
This article was originally published on February 2, 2017 and written by Rodney J. Johnson.
1. Asia is no longer the future of your business. It is the here and now.
2. Asia is already the center of the business world, now rules are solidifying, markets are maturing, and investors are committing.
3. Asia is more important to global companies than ever before. That creates both opportunities and risks.
This article was originally published on September 28, 2014 and written by Rodney J. Johnson.
For many businesses, entering new markets is not an option. It is a market imperative for continued survival in our ultra-competitive world today. Unfortunately, establishing a foothold and thriving in new markets is easier said than done. Besides all of the increased risk we face when we do so, there are also some tough competitive realities we have to come to grips with. The following 25+1 principles outline some of the many concerns and some of the ways to address them.