[THE KOREA TIMES_김상준 회계사] If a grandfather pays grandchild’s overseas study expenses, should he pay…

If a grandfather pays grandchild's overseas study expenses, should he pay gift tax? By Kim Sang-jun In general, the following rules are well known: a gift tax shall be imposed on any property that a person has received as a gift from another person; and the maximum value of property that a person can receive… Continue reading [THE KOREA TIMES_김상준 회계사] If a grandfather pays grandchild’s overseas study expenses, should he pay…

[THE KOREA TIMES_박주홍 변호사] Eco-friendly automobile regulation in Korea

By Park Ju-hong There is growing interest in environmentally friendly vehicles worldwide. Manufacturers at both ends of the market, from premium brands such as Mercedes Benz and BMW, to Chinese automakers, are developing eco-friendly cars. The public and private sectors of South Korea, the world's sixth largest producer of automobiles, are promoting eco-friendly automobiles. According… Continue reading [THE KOREA TIMES_박주홍 변호사] Eco-friendly automobile regulation in Korea

[AMB CRYPTO] SIGEF 2018 – Horyou aimed high and took its participants right where technology…

SIGEF 2018 – Horyou aimed high and took its participants right where technology pledges inclusion and sustainability With its fifth edition of SIGEF, which was staged for the first time in Asia/Singapore, Horyou aimed high and took its participants right where technology pledges inclusion and sustainability.     From its opening remarks through to its closing… Continue reading [AMB CRYPTO] SIGEF 2018 – Horyou aimed high and took its participants right where technology…

[THE KOREA TIMES_심창현 변호사] Getting a refund in the sharing economy

By Sim Chang-hyun Canceling a reservation and getting a refund is one of the most common problems a consumer faces. Many of us have stories of hassles encountered while trying to get our money back. In the sharing economy, too, the number of issues reported regarding cancelations and refunds has been increasing as more people… Continue reading [THE KOREA TIMES_심창현 변호사] Getting a refund in the sharing economy

[THE KOREA TIMES_손가람 변호사] International trends in personal information control

By Shon Ga-ram In May 2017, Baidu announced its policy that only users with real-name accounts could use its services. This decision by Baidu, one of China's largest portal websites, has become a big topic for discussion. In fact, the company took this action to comply with the Chinese Network Security Act (NSA), enforced from… Continue reading [THE KOREA TIMES_손가람 변호사] International trends in personal information control

[THE KOREA TIMES_김동욱 변호사] Issue of punitive damages over BMW fiasco

By Kim Dong-uk Diesel-fueled BMW cars have been catching fire repeatedly in Korea this summer, and some car owners have filed damages claims against the German manufacturer and its Korean agents. A product recall is being carried out because the problem is not just isolated instances of damage caused by accidental and short-term defects, but… Continue reading [THE KOREA TIMES_김동욱 변호사] Issue of punitive damages over BMW fiasco

[THE KOREA TIMES_송심근 변호사] Can phone app developers insist on access to all your personal data?

By Song Sim-geun Last week I downloaded a healthcare app to my cell phone so I could check the status of my health. I launched the app and became frustrated. This particular app required permission to access a wide range of functions and personal data that seem irrelevant to the app's use. I was asked… Continue reading [THE KOREA TIMES_송심근 변호사] Can phone app developers insist on access to all your personal data?

[THE KOREA TIMES_신채은 변호사] Can Korea’s ‘Lemon Law’ save BMW owners?

By Shin Chae-eun BMWs catching fire on the road are the talk of the town right now. Thanks to this strange phenomenon, "Lemon Law" comes up as a related search term on the internet. What is a Lemon Law? It is not about selling or importing the yellow citrus fruit, but about defective motor vehicles.… Continue reading [THE KOREA TIMES_신채은 변호사] Can Korea’s ‘Lemon Law’ save BMW owners?