After amending its laws to strengthen protections against sexual harassment, South Korea has made legal changes to address workplace bullying. The changes have serious ramifications for multinationals with employees in South Korea.
Much media attention has been focused lately on the EU’s General Data Protection Regulation, but South Korea also has some of the world’s strictest privacy laws. Here's what you need to know to comply.
Bloomberg reports that Apple has offered Tesla employees “$250,000 signing bonuses and 60 percent salary increases.” And it must be noted that this employee pilfering — and the attendant transfer of trade secrets and other valuable information — has in this case been a two-way street. Employee poaching between US-based blue chip rivals like Apple and Tesla grabs the headlines, but it’s a scenario that’s being played out at all levels of industry and in virtually all countries. For smaller firms, the double whammy of a loss of talent and a leak of intellectual property can be disastrous. In the face of this trend, employers of all sizes increasingly want to prevent defection through a tightly worded employment contract.
In this week's Global Glance we look at Chinese culture and the fine wine market; a British expat jailed for making wine; and expat drinking in general and “marting” in South Korea.
The ad hoc development of e-commerce policies for value-added taxes (“VAT”) has resulted in a hodgepodge of inconsistent tax regulations that vary widely by country. Recognizing the growing importance of e-commerce, the confusion resulting from current systems, and the magnitude of frequently forgone VAT revenue, many countries as well as the Organization for Economic Cooperation and Development (“OECD”) have set out to clarify, systematize and coordinate VAT regulations. These changes, many of which have been or are being implemented in 2015, have significant implications for businesses with e-commerce operations. Understanding and complying with these VAT laws is important to success in international e-commerce.
Today’s technology has brought us the so-called “sharing economy,” and it is growing by leaps and bounds, not only in the West but around the world. Simple in concept, the sharing economy is also disruptive and has the potential to change the nature of work and careers. Here’s an overview of trends to look out for in two important global economic regions, Europe and Asia.