We advise many foreign companies wishing to build local presence in Korea, and, when building such presence rather on a small scale, they prefer to set up a branch office in Korea and then move on to establishing a local subsidiary if the Korean operations could expand on a larger scale.

Editor's Note:

Often we are asked by our firm’s foreign clients about the possible situations where any criminal penalties would be imposed on an employer in relation to employment termination.

We provide below a few examples of prior court cases where the employment termination by reason of poor performance was at issue.

On April 30, 2008, at the 2nd Conference of the Special Presidential Committee for National Competitiveness under the supervision of new president LEE, Myung-Bak (whose administration was inaugurated last February), the Korean National Competitive Council made resolutions to substantially open the door to globally talented people.