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Should a Performance Bonus be Paid to an Executive Who Changed Jobs to a Competitor? Case Background Company A (a credit card company) has a "Long-term Performance Incentive Operation Regulation" that stipulates as an exclusionary reason for long-term performance bonus payment, "actions that hinder the company's business activities or are against the company's interests." Executive X resigned from Company A in January 2020 and joined a competitor. In August 2020, Company A held .. 더보기
Can an executive be dismissed at any time? I. Conclusion Many companies fail to accurately distinguish between executives and employees. Despite being formally registered as an executive of a stock company, there are numerous cases where individuals claim to be "employees" and report the company's CEO for not paying their salary or file a lawsuit to invalidate their dismissal. In companies, when it comes to issues like non-payment of com.. 더보기
Is it possible to discipline an applicant for honorary retirement after the scheduled retirement date? I. Conclusion What action should the company take if misconduct is discovered right before the expected retirement date of the applicant for honorary retirement? The company must 'refer the resignation applicant to disciplinary procedures and place them on a waiting list' immediately upon the discovery of the misconduct. The applicant for retirement must be disciplined promptly but in compliance.. 더보기
K&P Law firm has entered into a legal advisory contract with the Incheon Tourism Organization. K&P Law firm has entered into a legal advisory contract with the Incheon Tourism Organization. The Incheon Tourism Organization undertakes various tourism-related endeavors, including the promotion of Incheon's flagship attractions, island and marine tourism, the development of tourism content such as festivals and events, domestic and international tourism marketing, digital marketing, and medi.. 더보기
Advice on investment contracts -Corporation establishment, paid-in capital increase, bonus issue, etc. K&P Law Firm advised on the investment in which investor B gives investment money to A in exchange for 50% ownership in the corporation, and A establishes a corporation using the money. The Stock shares are divided 50:50 between A and B. In the following, matters are simplified for the convenience of understanding, and the amount of investment, etc., is stated differently from the facts. A's ori.. 더보기
Should executives who transferred to competing companies be given bonuses? case Company A (Credit card company)'s 'Long-Term Performance Incentive Operation Rules' stipulates 'in case of interfering with the company's business activities or acting against the company's interests' as a reason for excluding long-term incentive payments. X served as an executive of Company A, but left on January 2020 and moved to a competitor. Company A held an Evaluation and Compensation.. 더보기
English-Speaking Criminal Defense Lawyer in Korea: Your Guide to Legal Representation If you are a foreigner facing criminal charges in Korea, it can be difficult to find a lawyer who can communicate in English. This is why we are here to help. Our law firm is committed to providing legal services in English to foreign clients. Our lead attorney Taejin Kim is a former prosecutor with extensive criminal defense experience and can communicate in English with clients. We have dealt .. 더보기
Contract consulting case K&P Law Firm provided advice on and drafted an agreement in which a Singaporean company and a Korean company set up a joint venture in a third country and the Korean company exports goods to the joint venture. We will explain a few important issues below. Application of the United Nations Convention on Contracts for the International Sale of Goods To date, many countries have joined the United N.. 더보기