Korean Bar Exam result released

Review criteria for passing the lawyer exam Justice Department, six subcommittees ... Activities until August Announcement of the 8th successful applicants 1,691 ... Pass rate is 50.78% The 1691 students who passed the 8th lawyer examination this year were finally decided. The passing rate is 50.78%. Last year, the passing rate dropped to 40% for …

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ICO tax savings through non profit corporation

In the case of ICO in Singapore, there are two legal entities, Private Limited Company and Companies Limited by Guarantee, which will form an actual block chain platform. This structure model is called Foundation - OP model. Private Limited Company is a for-profit corporation, and Companies Limited by Guarantee is a non-profit corporation. It is …

Foreign Exchange Transaction Law and ICO

Many block-chain project teams recognize ICO (Cryptographic Decommissioning) as a necessary step to raise funds for development, such as platforms. But in Korea, ICO is banned virtually, and the ICO team faces foreign exchange problems since the Foreign Exchange Transactions Act can be applied. According to the regulatory definitions and interpretations of the authorities, business …

ICO in Singapore

Singapore's position on ICO is that it does not put restriction on ICO if it is a bona fide business. In this regard, Singapore's ICO regulatory authority, the Monetary Authority of Singapore, issued several guidelines and announced ICO-related regulations and procedures in Singapore. (You can see the Singapore's government website for consumers.) The SFA applies …

Reverse ICO

1. Definition Reverse ICO refers to companies that already offer a platform or service that is commercially available. Reverse ICO is an alternative form of ICO in which tokens are offering on the back of an existing business/intellectual property rights etc. This contrasts with the typical form of ICO where the business is often in …