The cover of a quarterly English-lan-guage magazine about korea's legal system published by the Minstry of Justice to support foreign investors. |
By Park Si-soo
Staff reporter
The Ministry of Justice said Thursday it has published an English-language journal on major foreign investment-related articles, court rulings, immigration rules and other information foreign investors need to know.
The ministry will initially publish 500 copies and distribute them to embassies, law schools and justice ministries in countries with an interest in Korea. It plans to publish more if deemed necessary.
The magazine, titled "Recent Trends of Law and Regulation in Korea: Focusing on Business and Investment," will be published on a quarterly basis, it said.
This is a response to chronic complaints from foreign investors who have struggled with a lack of credible sources of information about Korea's legal system, the ministry explained.
"We expect the book will help deepen investors' knowledge and understanding about Korean law," said Lee Ki-young, a ministry official. "This will also serve as the most credible source for overseas researchers and experts."
Lee said the ministry will gradually extend the scope of issues covered by the magazine and also shorten the period of time for updates to make it possible for foreign investors to get access to up-to-date information as quickly as possible.
The government has paid greater attention to providing legal information in foreign languages, particularly English, with the strong belief that this will help boost the country's international competitiveness.
Along with the justice ministry, the Ministry of Government Legislation (MOLEG) is also translating Korean laws and regulations into English.
MOLEG has run a website (oneclick.law.go.kr) providing basic legal information on six major subjects in English to support English-speaking foreigners here ― foreign investment, foreign workers' employment, foreign students, interracial marriage, overseas Koreans and transportation/driving.
It also recently published a "Korean-English Glossary of Legal Terms" and "Green Growth," a book promoting the government's eco-friendly policy in English.
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