As uncertainties in the global trade order deepen, a joint legal seminar was held to assist South Korean companies expanding abroad and to enhance their legal risk management capabilities. On May 14, the Ministry of Justice, in collaboration with the Korea Chamber of Commerce and Industry and the World Bank, hosted a seminar aimed at presenting the latest international regulatory trends and practical strategies for companies venturing overseas.
This seminar was organized to explore effective legal solutions that businesses face on the ground due to geopolitical conflicts and increased regulations in various countries.
Approximately 120 attendees, including Kang Jun-ha, Director of the International Legal Affairs Bureau at the Ministry of Justice; Lee Hyung-hee, Vice Chairman of the Seoul Chamber of Commerce and Industry; and Lisa Miller, Director of the Integrity Vice Presidency at the World Bank, showed significant interest in the event.
The seminar consisted of four specialized sessions focused on practical information sharing. Key topics included: global compliance standards, recent enforcement trends of the U.S. Foreign Corrupt Practices Act (FCPA), critical points regarding changes in U.S. customs and trade policies, and legal risks and response strategies related to the situation in the Middle East, covering the latest international legal issues faced by South Korean companies.
In his welcoming remarks, Director Kang stated, "Today, our companies are facing unprecedented uncertainty and crises, but if the government and businesses work closely together, 2026 will be recorded not as an economic crisis but as a new opportunity for South Korea." He emphasized that the Ministry of Justice will be a strong supporter to help South Korean companies thrive on the global stage.
The Ministry of Justice plans to strengthen its collaboration with the Korea Chamber of Commerce and Industry to provide multifaceted support, enabling more companies to adapt flexibly to changes in the Middle East and establish compliance management systems.
Through these efforts, the Ministry aims to serve as a practical legal ally for South Korean companies, helping them overcome uncertainties in the international trade order and secure competitiveness in the global market.
* This article has been translated by AI.
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