Ministry of Justice and Korea International Trade Association to Hold Legal Seminar on Middle East Situation

Supporting Overseas Companies Facing Difficulties Due to Geopolitical Instability

The Ministry of Justice and the Korea International Trade Association announced on June 17 that they will hold the "Legal Risk Analysis and Response Strategies for the Middle East Situation Seminar" to support companies operating abroad that are facing difficulties due to geopolitical instability in the Middle East and the ongoing Russia-Ukraine war.

Ministry of Justice Building, Gwacheon-si, Gyeonggi Province. Photo by Yonhap News

The seminar, which will be held online from June 17 to 18, is designed to review legal risks arising from the recent geopolitical instability and uncertainty in the Middle East and to propose countermeasures for key issues. In particular, the seminar will focus on three main sessions: the impact of Middle East-driven geopolitical risks on international contracts and response strategies; contractual liability issues in the event of disruptions to maritime transport such as the closure or restricted passage of the Strait of Hormuz; and practical considerations for companies regarding Middle East risks, payment settlements, and dispute resolution.

In addition, on June 18, the Ministry of Justice will co-host the "Legal Support Seminar for Korean Companies Entering Ukraine" with the Embassy of the Republic of Korea in Ukraine. This seminar will provide information to companies that have entered Ukraine or are seeking to participate in future reconstruction projects, covering topics such as legal risks during wartime, asset protection and compensation for war damages, and opportunities to participate in reconstruction projects.

Topics have been selected to be of practical help to companies, including strategies for managing legal and regulatory risks during wartime, compensation and legal responses for war-damaged assets, and a practical roadmap for investing in Ukraine. In conjunction with the seminar, one-on-one consultation sessions will be held, in which legal experts will provide tailored legal advice to participating companies.

This seminar will be conducted in a hybrid format, connecting locations in Korea, Ukraine, and Poland online, taking into account the current local situation in Ukraine. The Ministry of Justice in Korea will host the seminar and consultation sessions with domestic experts, while the Embassy in Ukraine will organize events with local experts and companies in Ukraine and Poland.

Kang Junha, Director General of the International Legal Affairs Bureau at the Ministry of Justice, stated, "At a time when the international situation is changing rapidly, it is crucial for the government, companies, and private sector experts to communicate and cooperate closely." He added, "The Ministry of Justice will continue to support Korean companies through various means, including the International Legal Support Team for Overseas Expansion."

This content was produced with the assistance of AI translation services.