Korean Desk Newsletter

Dear Recipient,

We hope you and your dearest are safe and sound amidst the pandemic. Although the past year has been challenging for all of us, many of you are turning crisis into opportunity. We want to be part of this forward thinking movement and are pleased to present to you the latest edition of our Taylor Wessing Korean Desk Newsletter.

We hope you enjoy reading it!

감사합니다

Your Taylor Wessing Korean Desk

 

2021 is the Year of the White Cow. The cow is the second sign of the twelve zodiac signs. It stands for diligence, dedication, sincerity, determination and ambition - all you need for a successful year ahead!

To ensure the success of your undertakings, preparation is essential. We have hand-picked a collection of topics that may be of interest to you.

What is the “Next Normal Legal”? Learn more about The Legal Situation in Germany after Covid-19. We at Taylor Wessing have been particularly concerned in recent months with the question of which Corona-related economic and legal challenges companies have to face in the “Next Normal Legal” scenario. We wanted to know how players from different industries would react to the new situation, how they would adapt and possibly even emerge from the crisis stronger than before. We have therefore conducted thorough research and numerous expert interviews with our Taylor Wessing partners from all areas of law with a diverse industry and regional focus. We asked them to shed light on the “Next Normal Legal” situation in Germany from their perspective and to identify opportunities and risks for their clients.


If you are planning to invest or further expand your investment strategies in Germany, be aware that “The new year begins with a further tightening and expansion of the German investment screening regime”. Find more details on what lies ahead in 2021 for investments in Germany here.

“Brexit” is another hot topic that has been keeping everyone on their toes. Find out What’s the deal for business? and learn about the key commercial aspects of the Trade and Cooperation Agreement (TCA), the foundation of the UK´s future relationship with the EU. Also Brexit and Data Protection Law is a combination you should be prepared for, which only adds to the workload caused by the CJEU’s judgment Schrems II. On this occasion, check if you are in actual adherence to the GDPR and that everything is not just “paper compliance”.  


Speaking of Data Protection, in this paper our experts analyse Connected cars, cyber security and data protection challenges. With the advance of electric cars, connectivity and related services will become more and more important. In this context, more personal data will be processed while data protection regulations are becoming stricter worldwide. To cope with this challenge, it is crucial to plan a data protection compliant set up from the start. Mapping your processes and what kind of personal data you already own, can reveal new opportunities and also help streamline your work processes. This will lay the foundation for your Step Plan to GDPR Implementation. 

Digital commerce is another big issue for the automotive industry. This legal compass will help you gear up your automotive ecommerce strategy for “Driving your digital sales”. 

Lastly, stay updated with our PULSE newsletter, where we bring you the latest legal news and updates. 

If you want more information on any topic or should you have any questions, do not hesitate to contact us. 

The Taylor Wessing Korean Desk

With its Korean Desk Taylor Wessing provides Korean clients one-stop-shop legal support services in all relevant areas of the law tailored to our clients needs – also in Korean language!