Inheritance Estate Division Agreements Involving Heirs Residing Overseas
When an inheritance arises while one or more family members are living overseas, the heirs residing in Korea generally cannot validly complete the division of the estate by…
Joowon Law · Insights
Overseas Korean Matters
Clear notes for companies entering Korea and overseas Koreans managing matters here. Read the context, then decide the next move.
Practical guidance, in plain English
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Forced Heirship Claims in Korea — What If an Heir Living Overseas Did Not Receive Their Statutory Reserved Share?
It is not uncommon for an heir living overseas to discover that they were effectively excluded from the division of a parent’s Korean estate, or that substantial real…
Gifting Korean Real Estate to a Child Residing Overseas
When legitimate inheritance or gifting takes place across borders, poor planning can result in excessive taxes, procedural errors, and unnecessary financial loss. Gifting Korean real estate to a…
A Practical Guide for Overseas Koreans Seeking Recovery After Property Crimes
When an overseas Korean becomes the victim of an investment scam, real estate fraud, embezzlement by relatives, or another property crime, two of the greatest obstacles are time…
What Can an Overseas Parent Do When the Other Parent Takes a Child to Korea?
When one parent takes a child to Korea without the other parent’s consent, the parent remaining overseas may feel an overwhelming sense of helplessness due to the physical…
Business Succession: Key Legal Issues When a Second-Generation Overseas Korean Inherits Shares in a Korean Family Company
Passing shares in a successful Korean family business to a second-generation child living overseas is far more than a simple transfer of wealth. It is a complex legal…
Korea-U.S. Estate Tax: How Much Tax Could You Pay If Your Parents Own Assets in Both Korea and the United States?
If your parents own real estate, stocks, bank deposits, or other assets in both Korea and the United States, their estate may potentially be subject to estate or…
Can I Sell Inherited Real Estate in Korea Without Traveling to Korea?
When parents pass away leaving real estate in Korea, such as an apartment or land, children living overseas may find it difficult to travel to Korea because of…
Can Korean Assets Be Passed on Through a Foreign Trust?
Overseas Koreans and Korean Americans who have lived for many years in common-law jurisdictions such as the United States often use Living Trusts, including Revocable Trusts, or Irrevocable…
How to File a Criminal Complaint in Korea for Fraud While Living Overseas: A Guide for Overseas Koreans
Fraud targeting overseas Koreans has become increasingly common, particularly in cases involving real estate investments, personal loans, and business investments. Offenders often exploit the fact that the victim…