Legal advice on the issue of cross-border solicitation, marketing and sales of reinsurance products for H.

With respect to H plans to sell reinsurance products with Korean insurers as the ceding companies, Lee & Ko was asked to advise on the applicable restrictions on solicitation. In principle, face-to-face business and marketing activities are prohibited in the context of a foreign insurer’s sale of reinsurance products. Under such circumstance, there have been attempts from foreign insurers to sell insurance products directly to local residents in an effort to expand business opportunities.

Lee & Ko conducted a rigorous analysis on the applicable laws and assessed the regulatory trends with the assistance of leading experts with first-hand experience in working for financial authorities, and provided concrete, precise advice on the regulations applicable to the client’s domestic activities.