Daeryun strengthens cross-border risk management for mid-sized and small businesses...Segmentation of advisory areas

With the recent expansion of K-brands into the global market, the establishment of overseas corporations and technology exports by domestic small and medium-sized companies is increasing, and the resulting 'cross-border (cross-border) risk' is also increasing.

According to the results of a survey by the Korea Federation of Small and Medium Businesses, 9 out of 10 exporting small and medium-sized enterprises are virtually giving up on seeking relief even when overseas IP disputes arise due to the pressure of excessive litigation costs. In addition, the majority of small and medium-sized companies find it difficult to operate a large in-house legal team like large corporations, so the probability of being exposed to legal disputes when expanding overseas is relatively high.

In order to respond to these risks, Daeryun Corporate Legal Center announced on the 6th that it has subdivided the cross-border advisory area in earnest.

The main areas of support include △reviewing and drafting international transaction agreements (NDA, licensing agreements, etc.) △checking regulatory risks related to the establishment of overseas local corporations △local labor law and tax advice △protecting core technologies and trademark rights. The policy is to reduce unnecessary friction that companies may experience by checking complex overseas legal requirements in advance.

In particular, we have also systematized the response process for 'non-payment to customers' and 'unauthorized use of trademark rights', which occur most frequently in the course of overseas business.

Daeryun supports recovery of funds using local provisional seizure procedures and international arbitration provisions for non-payment of export payments that occur in Southeast Asia and other countries. In addition, we provide immediate legal action against local brokers' malicious preemption of trademark rights, including prompt invalidity trials and applications for injunctions prohibiting infringement.

Kim Kuk-il, CEO of Daeryun Law Firm, said, "For successful overseas expansion, not only product competitiveness but also thorough risk management based on local laws must be supported. By taking full advantage of the accessibility of a large law firm with a nationwide branch network, we will spare no effort in providing legal assistance to small and medium-sized businesses located in the metropolitan area as well as other regions to enable them to conduct business stably on the global stage."

Reporter Kwon Byeong-seok (bsk730@fnnews.com)

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Daeryun strengthens cross-border risk management for mid-size and small businesses...Segmentation of advisory areas (link)