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South Korea places few outright prohibitions on foreign ownership of real estate. Foreign individuals and corporations can generally acquire land, apartments, and commercial buildings on substantially the same terms as Korean nationals. Parties also enjoy broad freedom of contract, so features familiar from U.S. practice, such as financing or diligence contingencies and escrow-style closings, can be negotiated into a Korean purchase agreement. The default rules differ, howeve

Strategic Claims Enforcement: Securing Your Assets in South Korea Securing a court judgment or an arbitral award is only half the battle. The true measure of success is the actual recovery of funds. In South Korea, the Civil Execution Act provides a structured, court-driven process for the compulsory enforcement of claims. For creditors—especially those managing cross-border transactions—understanding the transition from "litigant" to "judgment creditor" is vital. Here is a

Navigating Financial Recovery: A Guide to South Korea’s 2026 Rehabilitation Procedures For many businesses and individuals, "insolvency" feels like an end. However, in South Korea, the legal framework is designed specifically to view financial distress as a pivot point rather than a terminus. The Debtor Rehabilitation and Bankruptcy Act (DRBA) —updated with significant changes for 2026—provides robust mechanisms to restructure debt while maintaining operations. Whether you ar

A presentation and post-discussion reception by Export Controls and Economic Sanctions Committee members and LMD Trade Law PLLC....