The Legislative Process of Shop Key Money in Korea

(Lecture in Korean)

Business professional's handshake, 2014; cropped. CC BY-SA 2.0.

Hyang Yeon Kim, Public Prosecutor, Seoul Central District Prosecutor's Office, The Republic of Korea

Tuesday, November 21, 2017
11:00 AM - 1:00 PM

10383 Bunche Hall
UCLA

In September of 2014, the Korean government submitted the final amendment of the Commercial Building Lease Protection (CBLP) Act. This aimed to guarantee the opportunity to recoup the business investment of the commercial tenant. The CBLP Act legalized the definition and protection system of shop key money and the standard form of contract and appraisal regarding shop key money. In May of 2015, the amendment passed the Parliament, and thus shop key money that had been dealt in practice without the law, would now be protected and reclaimed by the law. In this presentation, Hyang Yeon Kim will review the legislative process, background and main contents of the CBLP Act, and to study its legal issues.

Lecture will be in Korean.

This event is exclusive to CKS Visiting Scholars, graduate/undergraduate students, and faculty.

koreanstudies@international.ucla.edu

Sponsor(s): Center for Korean Studies