Shin & Kim Law Firm hosts seminar on overseas subsidiary risk management

Shin & Kim Law Firm recently concluded a seminar focused on managing legal and operational risks associated with misconduct by employees at overseas subsidiaries. The session, part of a global corporate legal series, addressed the increasing importance of internal controls as South Korean companies expand their international presence.

Presented by attorney Gil Young-min, the seminar covered common types of misconduct, including embezzlement, misappropriation of funds, leakage of technology and information, and labor-related issues. The discussion emphasized the necessity of establishing robust internal control systems—such as the separation of duties and regular inspections—to detect irregularities early, as overseas branches can be difficult for headquarters to monitor effectively.