Joowon Law · Insights
Clear notes for companies entering Korea and overseas Koreans managing matters here. Read the context, then decide the next move.
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Most international couples who sign a prenuptial agreement abroad treat the document the way it would function in the country where they signed it: a binding, court-enforceable allocation…
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…
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…
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…
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…
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…
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…
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…
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…
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…
