K&P Law Firm - International Law Firm in Incheon, South Korea

1.                 Current Situation Hanjin Shipping Co Ltd (“Hanjin Shipping”), applied for Court Rehabilitation to the Seoul Central District Court (Bankruptcy Division 6). On 1 September 2016 the said Court issued a decision accepting Hanjin’s application, thereby commencing the rehabilitation proceedings (“Rehabilitation”). 2.                 What is Rehabilitation? Rehabilitation is the procedure whereby debtor’s debts are adjusted by a Rehabilitation Plan which is admitted by the court under the “Debtor Rehabilitation and Bankruptcy Act” Under the Rehabilitation Plan, a debtor’s debts can be reduced, payment can be delayed, and interest rate can be lowered. 3.              As a creditor, is there anything I need to do to get involved in the Cour...

Company research is one of our expertise. Our lawyers and staffs have in-depth knowledge and experiences in company research and profound understanding in dynamics of Korean business environment, culture and economics.  For more information about us, please visit our website at http://kimnpark.com/eng/index/ Our expertise and attention to detail have aided in keeping many agencies or companies on track regarding their search and debt collection works.     Our primary function of company research is to facilitate our clients' search process by providing essential information of the targeted company, agency, or organization, while offering various resources to help our clients effectively in their debt collecting works. Our service includes search of Company Registry, Financial Report and other resources publicly opened.   Further, upon client's request, we take legal actions including but not limited to Arbitration, Mediation, Litig...

K&P Law Firm in Songdo, Incheon, south Korea is t a law firm which provide an English legal service in Incheon. We provide various advice for foreigners. Tel. +82 32 864 8300 Email: info@kimnpark.com Please Visit our Website:  www.kimnpark.com                 our new blog:  https://knplawfirm2.tistory.com/

In cases where foreign investment satisfies certain conditions, the central and local governments of Korea provide cash grant for the construction of a new factory, etc. In the process, the Korean government takes into account whether the relevant foreign investment accompanies high technology, the effect of technology transfer, the size of job creation, whether the foreign investment overlaps with domestic investment, the propriety of the location in which the foreign investment is made, etc. 1. Qualifications and Purposes of Cash Grant 2. Cash Grant Application Procedure 3. Follow-up Management of Cash Grant 2-1 Overview of Cash Grant (1) Qualifications and Purposes of Cash Grant  Foreign investment shall meet the following requirements and its foreign investment ratio shall be over 30% to be eligible for cash grant.  In case of new construction or expansion of factory facilities (workplaces for non-manufacturers) to be engaged in the industry su...