Press Coverage

Independence Hall visit confirmation certificate, corona positive test text falsified. Candidate about to take the 2nd exam for certified public accountant. Ulsan District Court Chief Judge Kim Jeong-jin said, “We take into account the fact that he is a first-time offender and a college student who has just started his social life.”A ruling was made to postpone the prison sentence for a soldier in his 20s who falsified records and left his work station without notice for the purpose of avoiding work. Ulsan District Court Criminal Division 8 Chief Judge Kim Jeong-jin suspended the sentence of six months in prison on July 16 for Mr. A, a man in his 20s, who was indicted on charges of hierarchies for the purpose of avoiding work under the Military Criminal Act, unauthorized departure, obstruction of official duties under the Criminal Act, and using forged electronic records. According to the prosecution's indictment, Mr. A falsified records for the purpose of avoiding work around January 2023. He was charged with interfering with the execution of official duties and leaving without permission. Mr. A decided to take advantage of the system that allows him to receive consolation leave when visiting the Independence Hall of Korea, and went on leave by forging a visit confirmation certificate from a fellow soldier. Mr. A, who had never received a vacation order, committed a crime of interfering with the performance of public officials' duties by accessing the Defense Personnel Information System system and arbitrarily inputting vacation periods. In addition, during the vacation period in the same year, he falsely reported infection even though he did not test positive for the coronavirus, and left his workplace by failing to return to his unit. Ulsan District Court Chief Judge Kim Jeong-jin, who heard this case, said for the reason of sentencing, "The defendant pretended to visit Independence Hall to receive vacation and was infected with the coronavirus. “It is difficult to view the guilt of leaving the workplace without permission under false pretense as a light one,” he said, but added, “We took into account the fact that the defendant is a first-time offender and is reflecting on his mistakes, that he is a college student who has just started his career, and that his family and acquaintances are pleading for leniency.” Kim Jin-won, a lawyer at Daeryun Law Firm (Limited) who represented Mr. A in this criminal trial, said, “The defendant passed the first exam to become a certified public accountant and is about to take the second exam.” In the case of an accountant, if two years had not passed since the end of the probation period after being sentenced to imprisonment, he or she would be disqualified,” he explained. [View full article] Law Leader - Court suspends prison sentence for a man in his 20s who forged official documents while serving in the military and went on vacation several times (View full article)

Why Timev? ARS(autonomous restructuring)Did the court go to Timev?(Timon, WeMakePrice)applied for ARS(Voluntary Restructuring Program)About last 2A decision has been made to approve the job. Provisions for restructuring through voluntary consultation with creditors 13About a month was given.. In fact, in a situation where the Q10 Group has been disintegrated, there is no clear plan for survival other than attracting external investors and raising funds..■ARSis virtually impossible…PBuying Time to Get a Plan Usually, when a company experiences a temporary liquidity crisis or its debt reaches an unsustainable level, it seeks to survive by filing for rehabilitation in court.. It usually takes about a month from when you apply for rehabilitation to the process starting.. ARSis a system that allows you to utilize this time interval.. During this period, the company and creditors are given the opportunity to autonomously negotiate restructuring..The table below is ARS This is the rehabilitation procedure flow chart.. When a company applies for rehabilitation, ARS If you declare your intention, the court will decide ARS Make an approval decision. From this point on, the consent of the creditor must be obtained.. Companies must prepare a preliminary plan containing debt repayment plans and obtain the consent of creditors.. Unanimity is the rule. If the agreement is unanimous ①As in the case, the rehabilitation application is canceled and restructuring is carried out according to the preliminary plan.. After unanimous consent of creditors ARSHow many successful cases are there?. 2018Years since this system was introduced ARSThe total number of cases that applied for 22It was just a place. Total of these places 10The place is ARSIt is considered a success story of. Summarizing the characteristics of these companies, '10less than one creditor'exists or 'A small number of creditors hold most of the bonds' This is the case. Convince a small number of creditors ARSIt is estimated that it was successful in.In contrast, Timev's combined creditors are approximately 11It is estimated that there are 10,000 people. It is virtually impossible to obtain unanimous consent from these creditors.. If some creditors oppose the pre-plan plan, ARSwill be stopped and rehabilitation procedures will begin again..Resumption of rehabilitation procedures does not mean that the general rehabilitation procedure course will be followed again.. if ARS In the preliminary plan prepared during the period 2of 1 If creditors holding the above amount of claims agree, the court will allow rehabilitation procedures to proceed according to the preliminary plan.. This PIt's called a plan.. These steps are shown in the table above ②This is the case.In reality, Timon and WeMakePrice ②I think we will consider this case. 11This is because it is virtually impossible to obtain the consent of all of the 10,000 creditors.. Inho Jeong, lawyer specializing in corporate rehabilitation(Daeryun Law Firm)Is "PIf you move on to the plan, ARS Since the preliminary plan prepared during the process becomes the rehabilitation plan, you can proceed with the rehabilitation process quickly."as "Timev probably knew that unanimity was impossible. Pconsider the plan ARSI think he applied for"said. mudfish "ARS The period is about 13It's about a month, but it seems like it's a measure to buy time."added.■Timon, The reason why WeMakePrice has no choice but to walk alone to survive. Each affiliate has a different survival strategy to resolve this sales non-settlement situation.. Koo Young-bae, CEO of Q10 Group, said: 1Through an interview with a Japanese media outlet "Merge Timon and WeMakePrice K-We will launch commerce"He said. 10We are considering converting bonds worth over 100 million won into investments so that the seller can become a shareholder.. And after merging the two companies, merged corporation 20252026They even announced their goal of listing it by 2018..However, it is said that there is considerable internal opposition to CEO Koo's plan.. Zoom held last weekend(Zoom) There are also stories that shouting was exchanged between some executives during the video conference.. especially "The focus should be on how to settle the unsettled sales proceeds, but can conversion to stocks be the fundamental compensation?"It is said that there was an executive who said that.As the executive said, the key now is what to do with unsettled sales proceeds.. If an equity-to-equity conversion is made, the unsettled amount(bond)Since it is converted into stocks, your money is effectively tied up.. Sellers who are desperate for cash have no choice but to rebel.. The former representative 20252026The goal is to be listed in 2018, but the possibility is significantly low..Ryu Gwang-jin, CEO of Timon, said, K-We clearly voiced our opposition to the commerce plan.. Representative Ryu has been "We must seek independent survival as Timon’s representative.", "M&AI am communicating and working hard to attract investment.", "Timon, It is difficult for WeMakePrice to get approval for the merger and the possibility of its realization is low." They have expressed their intention to take an independent path..Especially in the case of Timon, It is understood that independent routes were being considered before this incident.. According to the industry, a few days before the non-settlement of sales proceeds occurred, Timon, A It is said that he visited an e-commerce company and asked about its intention to acquire it..A E-commerce officials "Two days before non-settlement of sales price occurred, Timon has asked about its intention to acquire"as "It seems that they were probably anticipating this situation and were considering an acquisition."said.In the meantime "Under the premise that it will help victims recover K-We can cooperate in commerce"It is understood that WeMakePrice, which has expressed its intention, has also recently changed its position.. CEO Ryu Hwa-hyun said through a phone call with Money Today Broadcasting: "There is a feeling of absence of a control tower."as "K-A lot of preparation is needed for commerce to succeed, but it is currently insufficient."said. mudfish "ARS After approval, There are acquisition offers coming from several investors. 3Considering sale"It was stated that.This is the time when Timon and WeMakePrice took their own route. ARSIt is also deeply related to. At the time, the rehabilitation court "The first step is to reduce the number of creditors."It is said that an order was given.. Reducing the number of creditors 'ARS Solve the problem of non-settlement of sales proceeds as much as possible during the period'It also means to.It is a self-evident fact that Timon and WeMakePrice have no money.. To solve this situation, we have no choice but to raise funds from outside.. This is also the reason why Timon and WeMakePrice have no choice but to take their own paths..WeMakePrice currently collects the unsettled amount from sales. 3500100 million4000billion won, Number of unsettled sellers 6It is estimated at 10,000 people.. Of these 100About sellers under 10,000 won 5It is estimated at around 10,000 people.. That's why about 500billion won(10010,000 wonx510,000 people)The position is that if new funds come in, the urgent fire can be put out immediately..CEO Ryu "500When billions of won come in 78Among sellers expected to suffer damage in January 7080%, 1000About 100 million won 95% repayable"as "remaining amount(2500100 million3000billion won)is a top seller and is considering a long-term repayment plan."said.If CEO Ryu's plan is implemented, the number of creditors is expected to decrease significantly.. It is presumed that the reason Timon is looking for external investors is the same as WeMakePrice.. After raising new funds and settling sales proceeds from small sellers,, This is a long-term repayment method through negotiation with top sellers.. [View full article] - [Issue check] Timev ARSis in fact 'impossibility'…There is only one alternative (Go to)

Prosecutors, 3rd search and seizure on the 5th... The key to securing a mobile phone for the head of finance is identifying the financial crisis... It has been reported that the prosecution, which is investigating the delay in settlement of sales proceeds by Timon and WeMakePrice, has secured two years' worth of call records from the head of the finance division, who oversaw the flow of funds between affiliates. While attention is being paid to whether this will be the smoking gun that will reveal the fraud and breach of trust of management, including Q10 Group CEO Koo Young-bae, the legal community points out that internal documents or statements must be released to make a clear judgment. According to the legal community on the 5th, the Seoul Central District Prosecutors' Office Timon and WeMakePrice's dedicated investigation team (Chief Prosecutor Lee Jun-Dong) sent prosecutors and investigators to three locations, including the Q10 Technology, Timon, and WeMakePrice offices in Gangnam-gu, Seoul, to conduct the third search and seizure starting this morning. proceeded. Q10 offices were searched and seized on the 1st and 2nd, but it was reported that the search was conducted to secure additional accounting data related to the unsettled situation. The prosecution is said to have secured the mobile phone of Lee Si-jun, head of Q10 Group's financial headquarters, through three seizures and searches. Director Lee is known as CEO Koo’s closest associate. The prosecution plans to summon CEO Koo as early as this week after investigating how the 'TimePrice unsettled situation' occurred, changes in financial situation, and when the group's management became aware of it, based on the contents of Lee's phone call with CEO Koo and other executives. The legal community believes that the key to the prosecution's investigation will be identifying when the parent company, Q10 Group, and executives of Timon and WeMakePrice became aware of the serious financial crisis. In order to be guilty of fraud, it must be proven that the transaction was made by intentionally deceiving the other party while knowing that the transaction did not have the intention or ability to fulfill the obligations agreed upon at the time of the transaction. On the other hand, CEO Koo and others are expressing that this incident was an unavoidable event that occurred while making aggressive investments to secure market dominance due to the nature of the platform business. The intention is that although they were aware of the accumulated financial crisis, there was no intention to intentionally deceive them. The prosecution plans to secure a variety of human and material evidence to overcome this logic. Attorney Bang In-tae of Daeryun Law Firm, who represents the victims, said, "Timon and WeMakePrice were not substantial companies due to capital erosion. It is reasonable to assume that they were aware of (the financial crisis) in advance," but added, "In order to prove with objective evidence that they were aware of it at some point, internal reporting documents or insider statements will need to come out." [View full article] Asia Today - “Internal documents and statements must be released to prove Koo Young-bae’s fraud and embezzlement” (View full article)

Konkuk University Law School shares specialized theories in patent litigation and dispute resolution, links with practical experience, and strengthens expertise in intellectual property rights and entertainment and sports groups by sharing academic researchDaeryun Law Firm (Liuhan) announced on the 31st that it signed an MOU with Konkuk University Law School (School of Law). At the MOU signing ceremony held in the faculty conference room of Konkuk University Law School on the 24th, Daeryun Law Firm (Lihan) CEO Chan-Woo Jeong, attorney Jeong Sang-hyuk, and director In-seok Choi, and Konkuk University Law School Dean Kim Jae-yoon, Vice Dean for Academic Affairs So-hyun Yoon, Dean Han-sam Jeong, Professor Yun-cheol Choi, Key officials, including Administrative Office Director Kim Doo-han, attended. Through this MOU, Daeryun Law Firm (Lihan) and Konkuk University Law School plan to further strengthen their expertise by ▲ strengthening expertise in the field of dispute resolution, ▲ nurturing legal talent, and ▲ improving the quality of legal education. Konkuk University Law School is an outstanding player in the fields of litigation and dispute resolution, including winning the patent litigation argument contest and an MOU with KISA to train next-generation dispute mediation experts. It is known to be nurturing legal experts with expertise and, in particular, professional knowledge and practical skills in real estate. Daeryun Law Firm (Limited) is achieving outstanding results in litigation and dispute resolution in various fields by continuously strengthening the expertise of 23 groups, including construction and real estate groups. Through this MOU, Daeryun Law Firm (Limited) will provide opportunities for practical experience, such as in the field of dispute resolution, to students at Konkuk University School of Law, who will lead the domestic legal field. plan. Konkuk University Law School students can strengthen their practical capabilities through internships and practicums at Daeryun Law Firm (Limited). In addition, both sides will share legal-related research results and academic information to strengthen their expertise. By sharing academic research in the field of dispute resolution, Konkuk University Law School will enable Daeryun Law Firm (Yuhan) to provide more reliable legal advice. Director Kim Jae-yoon of Konkuk University Law School said, “We are pleased to be able to cooperate with Daeryun Law Firm (Yuhan), which is creating trends in the legal market.” He added, “We hope that our students will become creative, future-oriented legal experts who pursue peace and happiness in the community through Daeryun’s help.” “Daeryun is making efforts to improve the domestic legal culture and service level by nurturing talent,” said Chan-Woo Jeong, CEO of Daeryun Law Firm. [View full article] - Daeryun Law Firm and Konkuk University Law School, MOU to strengthen expertise in ‘dispute resolution’ (Go here)

<Anchor>Following Timon and WeMakePrice, the damage continues to spread to Q10's other affiliates. Services are being discontinued or payment settlements are being delayed, but it is still unclear whether the parent company, Q10, will be revived. Reporter Rodong-gyu reported this. <Reporter> The book sales site operated by Interpark Commerce, an affiliate of Q10, has stopped. This is because Kyobo Bookstore, the exclusive store that has not received payment for sales, has stopped trading. [Kyobo Bookstore official: We were keeping an eye on it due to the Timon and WeMakePrice incidents, but we temporarily suspended the service yesterday due to the failure to settle the book. [That is a natural course of action now that the situation is in full swing.] In Interpark shopping, major stores such as Lotte Department Store and Amore Pacific are leaving one after another. Due to the Timeef incident, some PG companies and simple payment companies have tied up Interpark's sales payments, and the crisis is spreading to places that were operating normally. Likewise, at another affiliate, AK Mall, the situation is prolonging and it is becoming difficult for sellers to hold on. For example, electronics stores. In the case of stores, as offline customers have almost disappeared, they have been actively doing business with these sites that advertise the lowest price discounts, but they have been hit hard. [Yongsan Electronics Store Merchant: (Settlement of TimePrice payment) If you get it, it will be 70 days. May is now gone, but June and July are still left. It will be enormous.] As the court began to consider whether to initiate corporate rehabilitation, angry sellers sued Q10 executives to the prosecution, saying they were not qualified to talk about corporate rehabilitation that requires concessions to victims. [Attorney Won Hyeong-il/Representing victims of Timeef: In order to receive a judgment from the investigative authorities to see whether Q10 Group executives are truly qualified to use the corporate rehabilitation system and whether they have any personal responsibility... .] Timon and WeMakePrice said they would normalize business under court supervision, but there is no specific plan on how they will repay. [Youngbae Koo/CEO of Q10: (Where are the sales proceeds now?) As far as I know, there is currently no capital left in the company.] In the end, it is difficult to trust self-rescue efforts, and it is pointed out that the investigation must be speeded up to reduce damage as much as possible by tracing the missing sales funds. [View full article] SBS - Spread of ‘unsettled’ affiliates… Q10 management sues for "not qualified for rehabilitation" (Shortcut) YTN - 'TimePrice' seller also participates in criminal complaint... Aiming at 'illegal traces' MBC - 'TimePrice' is not the end...'Happy Money' virtually suspended (Shortcut) KBS - Even Interpark Commerce and AK Mall... Spread of damage due to ‘settlement delay’ (Click here) Yonhap News TV - ‘Timeef’ incident spreads in all directions… Where is the sales proceeds? (Go here)

In front of the Seoul Central District Prosecutors' Office in Seocho-dong, Seoul, Daeryun Bang In-tae Law Firm,circular day,Shin Jong-su and Jeong Sang-hyuk‘ A lawyer is holding a press conference.. Daeryun Timef Law Firm IncidentTF Representatives Judo-gu Young-bae, Mok Ju-young, Ryu Gwang-jin, and Ryu Hwa-hyeon sued"Misappropriation of money to be paid to customers…Settlement delay occurs""mass production of victims…Not eligible to apply for rehabilitation" Sellers affected by delays in settlement and refund of Timon and WeMakePrice filed a criminal complaint against parent company Q10 CEO Koo Young-bae and Q10 Korea.. Daeryun Corporate Law Group and Timef Incident Task Force representing Timef victims(TF)Is 31work afternoon 2Q10 CEO Koo Young-bae and Q10 Korea CEO Mok Joo-young visited the Seoul Central District Prosecutors' Office., Gwangjin Ryu, CEO of Timon, Ryu Hwa-hyun, CEO of WeMakePrice, etc. 4The person was accused of fraud, embezzlement, and breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes..On this day, Won Won-il, head of the corporate legal group, “It appears that Q10 Group representatives misappropriated money that should have been paid to customers in the process of acquiring e-commerce companies such as Wish.”as “This resulted in a delay in settlement, resulting in current damage.”explained.The day before, Representative Koo appeared at the National Assembly Political Affairs Committee's inquiry on pending issues. “Funds used to acquire Wish 400Temporarily borrowed 100 million won from Timon and WeMakePrice, I repaid this within a month”It was revealed that. Group Leader Won believes that charges of breach of trust are also applicable..Group leader Won “Q10 applied for corporate rehabilitation. Are the executives eligible for rehabilitation?, I filed a complaint on behalf of my client to see if I, as a businessman, should be personally responsible for producing multiple victims.”as “It is expected that there will be a just judgment from the investigative agency.”said.past 28Two companies, Il Timon and WeMakePrice, recently filed for corporate rehabilitation in court, claiming that they were unable to recover their financial situation on their own due to large-scale refunds and customer withdrawals..Corporate rehabilitation is a process for creditors of companies facing bankruptcy due to financial difficulties., It is a system that promotes efficient rehabilitation by adjusting the legal relationships of various stakeholders, such as shareholders and equity holders..Daeryun believes that the most effective way to seek relief for damages is to file a civil claim for damages due to illegal acts against those responsible, including CEO Koo Young-bae..Group leader Won “In the case of civil lawsuits, it will not be easy to file once the rehabilitation application is accepted.”as “We are reviewing ways to provide relief to victims within the rehabilitation process.”He explained that.The day before, the rehabilitation court issued a preservation order and comprehensive ban on Timon and WeMakePrice..Preservation measures and comprehensive injunctions are unfair between stakeholders., This is a measure to prevent debtor rehabilitation from becoming difficult due to management chaos and difficulties in corporate survival..court is coming 2It is expected that the decision to initiate rehabilitation will be examined through questioning of representatives of Timon and WeMakePrice.. If there is a decision to initiate rehabilitation procedures in the future, the debtor's right to perform business and the right to manage and dispose of property will be transferred to the administrator.. In addition, interested parties are prohibited from exercising their individual rights against the debtor.. [View full article]Edaily - Sellers affected by Timef, Koo Young-bae filed a complaint with the prosecution…Charges of fraud, embezzlement, and breach of trust (Go to)Chosun Biz - Timon and WeMakePrice dealers, Q10 Korea sued for fraud, breach of trust, and embezzlement (Go to)Yonhap News - Press conference to submit complaint to Timon and WeMakePrice executives (Go to)Herald Economy - “Timef is not eligible for corporate rehabilitation.…have moral responsibility” Class action lawsuit for stores (Go to)Asian Economy - Timon·WeMakePrice Sellers, Koo Young-bae sued for fraud, embezzlement, and breach of trust (Go to)iNews24 - Timev' Sellers were angry…Representative Koo Young-bae files a complaint to the Seoul Central District Prosecutors' Office (Go to)Newsis - timef sellers, Koo Young-bae and others accused of fraud, embezzlement, and breach of trust (Go to)ITshipbuilding - timef sellers, Q10 Korea sued…Charges of fraud, breach of trust, and embezzlement (Go to)newspim - Timef non-settlement situation' Criminal complaint filed with Q10 prosecutors (Go to)KBS - Sellers affected by Timon and WeMakePrice, Koo Young-bae and others accused of fraud, embezzlement, and breach of trust (Go to)Opinion News - Timev' Damaged stores, Koo Young-bae, CEO of Q10, etc. 4sue (Go to)Money Today - Sellers affected by Timef, Koo Young-bae and others filed a complaint with the prosecution…Charges of fraud, embezzlement, and breach of trust (Go to)Asia Today - Sales companies located in Timon and WeMakePrice, Class action lawsuit initiated (Go to)news1 - Timef store, Management including Koo Young-bae 'Breach of trust, embezzlement, fraud' accused of (Go to)Kyunghyang Shinmun - Timon and WeMakePrice sellers, Criminal complaint filed against executives including Koo Young-bae…Charges of fraud, embezzlement, and breach of trust (Go to)daily - Timev' sellers, Koo Young-bae filed a complaint with the prosecution…Charges of embezzlement, breach of trust, and fraud (Go to)CJBCheongju Broadcasting - Timon WeMakePrice dealer 'plaint' submit...First case of seller lawsuit (Go to)TVshipbuilding - Timon·WeMakePrice Seller, management Prosecutors complaint…"Are you eligible for rehabilitation?" (Go to)Yonhap News - "Suspicions of embezzlement, breach of trust, and fraud in the Timef incident" Complaints and accusations every day (Go to)Financial News - Timev' Sellers also sue prosecutors...bar "fraud, seizure, Applicability of breach of trust" (Go to)moneyS - Detective Koo Young-bae sues Timef sellers "Not eligible for rehabilitation" (Go to)kbcGwangju Broadcasting - timef sellers, Q10 criminal complaint.."Charges of embezzlement, breach of trust, and fraud" (Go to)Korean economy - Timev' Damaged sellers sue CEO Koo Young-bae, etc.…Charges of fraud, embezzlement, and breach of trust (Go to)Jeonnam Ilbo - Timef sellers also end up suing… Koo Young-bae and others sued for fraud, embezzlement, and breach of trust (Go to)World Biz - timef sellers, Koo Young-bae and others sued…First case of seller lawsuit (Go to)Seoul Economic Daily - Complaints and accusations one after another…‘Timev incident’ Will there be a large-scale investigation? (Go to)Hans Economy - Timev' In addition to damaged consumers, sellers also...Q10 CEO Koo Young-bae sues others (Go to)YTN - "Damaged by the Timef incident"...Sellers also filed complaints (Go to)Daejeon Ilbo - Timef settlement delay situation' sellers, "our funds, Were acquisition funds misappropriated?" (Go to)OBS - "Timev, Embezzlement and breach of trust"…Seller files complaint (Go to)World Biz - ‘Concerns become reality’…Interpark Commerce·AKPayment delay to mall (Go to)Consumer Times - Timev incident' hold accountable…A series of complaints and accusations against management (Go to)JoongAng Ilbo - Youngbae Koo “no money”Ethymeph sellers file a collective complaint with the prosecution (Go to)Legal Broadcasting News - timef sellers, Koo Young-bae and others accused of fraud, embezzlement, and breach of trust (Go to)Hankook Ilbo - "Misappropriation of acquisition funds with money given to seller"... A series of Timeef complaints (Go to)Loishu - defense team, "Suspicions of embezzlement, breach of trust, and fraud in the Timef incident" Complaints and accusations every day (Go to)MBC - "Suspicions of embezzlement, breach of trust, and fraud in the Timef incident" Complaints and accusations every day (Go to)News Tree Korea - Timev' Discount event before non-settlement situation...Was it the intention to prevent cash return?? (Go to)OBS - Timef going through rehabilitation process…victims, class action lawsuit (Go to)Yonhap NewsTV - Sellers affected by Timon and WeMakePrice, Successive complaints against management (Go to)Segye Ilbo - timef sellers, Q10 CEO sued on charges of fraud, embezzlement, and breach of trust…Chairman of the Financial Services Commission “Resolve the situation quickly” (Go to)YTN - "Damaged by the Timef incident"...Sellers also filed complaints (Go to)Etoday - [editorial] “They are stabbing the people in the back.”Timef is raising resentment (Go to)moneyS - Timef seller's first criminal complaint… "Youngbae Koo, Charges of embezzlement, breach of trust, and fraud" (Go to)current affairs journal - Only after the time bomb explodes 'evidence' The government that was found…"disaster aggravated" (Go to)Asia Today - prosecution, ‘Settlement delay’ Simultaneous search and seizure of Timon and WeMakePrice (Go to)My Daily - [Timev incident] “public and private, Victim relief begins in earnest through group dispute mediation and criminal prosecution” (Go to)tomorrow newspaper - prosecution, Mandatory investigation into Timon and WeMakePrice begins (Go to)Asia Today - regeneration? bankruptcy? Timef at the crossroads…seller, Is damage relief possible? (Go to)Asia Today - Timev ‘refund’ It started but… Until actual payment ‘mountain beyond the mountain’ (Go to)Hankyoreh21 - The red light came on, but it eventually exploded. ‘Timev incident’ (Go to)

During his tenure as a prosecutor, he was appointed as the head of the drug response group in the violent department, which dealt with drug and gangster crimes... Daeryun Law Firm, which is strengthening its competitiveness in the field of drugs and violent crimes, announced on the 30th that it has recruited attorney Kim Myeong-seok, a former chief prosecutor of the High-ranking Public Officials Crime Investigation Office (hereinafter referred to as the Corruption Investigation Office). Attorney Kim began his career as a prosecutor at the Changwon District Prosecutors' Office in 2001, and served as a deputy chief prosecutor at the Uijeongbu District Prosecutors' Office and the Seongnam Branch of the Suwon District Prosecutors' Office. In particular, he served as the first head of the investigation department of the Corruption Investigation Office in October 2022, and last year. In October, he also took on the role of Director of Human Rights Investigation Policy. Attorney Kim, who expressed his intention to resign, joined Daeryun Law Firm after accepting his resignation. He worked at the prosecution for about 16 years and was regarded as a representative 'strong force' in the prosecution by demonstrating his expertise in violent crimes such as drugs and gangsters, as well as cognitive investigations such as bribery and embezzlement investigations and recovery of hidden crime proceeds. In addition, he was certified as a certified professional prosecutor in the drug field, and his abilities were recognized internally and externally by receiving a presidential commendation, a commendation from the prosecutor general, and a commendation from the Minister of Justice. Law firm Daeryun appointed Attorney Kim as the head of the drug response group, and plans to strengthen the competitiveness of the drug response group and add expertise under Attorney Kim's supervision. Attorney Kim said, "I am happy to be appointed as the head of the Daeryun drug response group," and added, "I will be a reliable helper in resolving the client's case and provide the optimal legal result." Daeryun CEO Kim Kuk-il said, "With the recruitment of attorney Kim, who has abundant experience and expertise in violent crimes, Daeryun “The drug response group is expected to double its capabilities,” he said. “Daeryun will continue to recruit experienced talent and focus all its capabilities to provide quality legal services to customers.” Meanwhile, Daeryun Law Firm is a law firm with the largest number of offices in Korea and said it operates a constant response system, including consultation reception, 24 hours a day, 365 days a year, under the principle of ‘customer-centered management.’ [View full article] Law Newspaper - Kim Myeong-seok, former chief prosecutor of the Corruption Investigation Office, joins Daeryun Law Firm (go to the link) Jose Ilbo - Kim Myeong-seok, the former head prosecutor of the Corruption Investigation Office, joins the Daeryun Law Firm (go to) TV Chosun - Attorney Kim Myeong-seok of the Corruption Investigation Office joins the Daeryun Law Firm... “Strengthening drug case capabilities” (Go to) News 1 - ‘Strong Tong’ Kim Myeong-seok, former chief prosecutor of the Corruption Investigation Office, joins Daeryun Law Firm (Go to) Legal Times - [Law firm iN] Daeryun Law Firm recruits Kim Myeong-seok, former Chief Prosecutor of the Corruption Investigation Office (Go to)

['Timev' Application for corporate rehabilitation]◆ If a seller's bankruptcy is declared and the rehabilitation procedure is agreed to, there is no other option than bankruptcy if the bond freeze is canceled for the time being. The possibility of additional damage increases for either party. Government support measures become virtually useless. Timon and WeMakePrice are responsible for delays in large-scale seller payment settlement and buyer refunds. 29It is expected that it will become more difficult for victims to receive relief as they apply for rehabilitation to the Japanese court.. corporate rehabilitation(court receivership)If you apply, the court will issue a comprehensive injunction. In this case, financial claims will be blocked until the start of court receivership is decided., This is because all receivables, including commercial receivables, are frozen and sellers cannot receive their unsettled payments back.. For this reason, it may not be easy to obtain consent for court management from creditors, including the seller.. If court receivership fails due to opposition from creditors, it is highly likely that Timon and WeMakePrice will go bankrupt unless Koo Young-bae, CEO of Q10, the parent company of Timon and WeMakePrice, steals his personal assets.. Either way, it will be difficult for victims to receive payment or refunds..According to the industry on this day, as Timon and WeMakePrice applied for court receivership, the damage to sellers and buyers was bound to snowball.. On this day, immediately after applying for corporate rehabilitation, Timon and WeMakePrice released a statement. “In order to prevent the current vicious cycle and minimize damage to sales members and consumers, we have applied for rehabilitation.”as “New autonomous restructuring support(ARS) Instead of applying for the program and immediately starting mandatory rehabilitation procedures, we plan to review whether it is possible to raise funds through the creation of a restructuring fund.”said. ARS The program is a system in which the court suspends the initiation of mandatory rehabilitation procedures and supports companies and creditors to autonomously negotiate restructuring first..However, contrary to the explanations of Timon and WeMakePrice, the damage to sellers and consumers is likely to increase further.. In order for court receivership to be successful, creditors 3of 2, secured creditor 4of 3 The above consent is required, but it is unlikely that creditors will agree.. Even Timon and WeMakePrice cannot properly determine the extent of the seller's damage, so it may take a considerable amount of time to determine the number of creditors and the size of the bonds.. A lawyer specializing in court management said “Among the sellers who are on the verge of bankruptcy due to Timon and WeMakePrice, who would agree to court receivership?”pointed out.In fact, the amount of damage to the seller estimated by the government was originally 1000As of today, at the level of billions of won 2134increased to billions of won. Settlement deadline remaining 67Including monthly transactions 89The size of monthly unsettled payments is expected to increase further.. Previously, at Timon's office, the total amount of damage was 1A memo from an employee was discovered predicting that it would be worth more than trillion won..There is also an analysis that if the court receivership fails and CEO Koo does not contribute his personal funds, bankruptcy is the only option for Timon and WeMakePrice.. If Timon and WeMakePrice file for bankruptcy, compensation to victims will become more difficult.. This is because it is unlikely that there will be any assets remaining in Timon and WeMakePrice, which are in a state of complete capital erosion.. If this happens, small and medium-sized sellers will hardly be able to get their settlement money back, raising concerns that serial bankruptcies will become a reality.. It is highly likely that the seller is a senior creditor.. In the case of the buyer, it appears that other relief procedures, such as a lawsuit, will have to be taken..Even if court receivership is accepted, damage is inevitable.. When court receivership commences, payments are frozen for a period of time.. This means that many of the sellers who are at risk of bankruptcy due to non-settlement of payments are being driven further to the brink.. Bang In-tae, an attorney at Daeryun Law Firm who is reviewing a class action lawsuit for victims of the Timon and WeMakePrice incidents, said: “Going through corporate rehabilitation procedures means applying for rehabilitation and converting bonds into stocks for those who previously lent a lot of money., In this way, debt is forgiven by giving up some of the bonds.”He said “Currently, the damage compensation claims that the victims of the Timon and WeMakePrice incidents were trying to process are claims that were already incurred before the rehabilitation application, so they will not be affected by the rehabilitation application, but it is highly likely that it will take a long time to be repaid.. It seems that litigation response strategies will also change a lot.”mentioned.The government released this day following the application for court receivership by Timon and WeMakePrice. 5600Financial support measures worth billions of won have become virtually useless.. An industry insider said “There has already been strong criticism that the government's measures are peeing on frozen feet.”as “What’s the point of getting a loan at a low interest rate or extending a loan if you can’t get the payment settled?”He raised his voice..Sellers who had said that the only solution would be for Timon and WeMakePrice to come forward and settle the sales price were shocked.. There was criticism that Timon and WeMakePrice had no intention of paying money from the beginning.. A seller who has not received payment “Currently, the sellers are all dying after hearing the news of the rehabilitation application.”He said “Just this morning, you said you would donate your own money to settle the settlement, but does it make sense to apply for rehabilitation in the afternoon?”He raised his voice.. mudfish “I am worried that I will not receive all my money if I go through rehabilitation procedures.”as “settlement amount 10~20% There is also a rumor going around that you can only get this much.”I was concerned. [View full article] Seoul Economic Daily - Relief for victims increasingly distant…"I had no intention of giving money from the beginning." dander (Go to)Asia Today - Timon·WeMakePrice, Apply for corporate rehabilitation in court…Victim Compensation ‘In the fog’ (Go to)Seoul Economic Daily - In the morning, he was robbing his company, and in the afternoon, he applied for corporate rehabilitation.…Victims' blood and tears (Go to)

■ Mr. A, in his 70s, had his personal information exposed during an unauthorized live broadcast by a YouTuber. ■ The court said, "As YouTube's influence is large, the damage is enormous...there is no justification." As the controversy surrounding so-called 'cyber wreckers' who create provocative content containing false information and profit from it as an excuse continues, voices calling for stronger legal punishment against them are growing. On the 29th, Prosecutor General Lee Won-seok ordered Suwon District Prosecutor General Kim Yoo-cheol to receive a report on the status and plans of the ‘Cyber ​​Rekka’ investigation and to strictly respond to the distribution of malicious content, threats, and extortion committed by Cyber ​​Rekka, which inflicts extreme defamation and insults on both celebrities and the general public by inciting hatred for profit-making and commercial purposes, and deprive them of the proceeds of crime.” In the case of criminal punishment in the cyber racka crime, if you extort money by threatening the other person, you can be charged with blackmail, and if you publicly revealed another person's private life for the purpose of slander, you can be charged with defamation under the Information and Communications Network Act. Victims may also file separate civil litigation procedures. Compensation is received by claiming compensation for physical and mental damage caused by malicious content. In fact, a court recently issued a ruling holding YouTubers who filmed videos without their consent liable for damages. On the 3rd, the Daejeon District Court's Civil Division 13 (Chief Judge Kang Gil-yeon) ruled in favor of the plaintiff in a lawsuit seeking compensation filed by a man in his 70s against two YouTubers, saying, "The defendants must jointly pay 13 million won to the plaintiff." In 2022, the YouTubers sneaked into the dog shop run by Mr. A, pretending to be customers, and conducted a live broadcast. During the live broadcast, Mr. A's face, home address, vehicle license plate, and the interior and exterior views of the silk shop were exposed, and the scene of them swearing at Mr. A was also broadcast as is. They later edited and processed the video and reposted it, and even after the silk shed was demolished, they visited Mr. A's residence again and continued filming without permission, raising donations from viewers. Mr. A applied for a temporary injunction seeking the deletion of the video and a ban on posting it, and received a decision from the court, but they did not delete the video even after several months. The court said, “The defendants posted a video containing content insulting and criticizing the plaintiff, claiming that the plaintiff was slaughtering dogs illegally, but there appears to be no evidence to prove that the plaintiff actually slaughtered dogs illegally.” He also pointed out, “Even if the plaintiff committed an illegal act, beyond reporting it to the competent government office, posting a video on their personal YouTube channel and making insulting and threatening remarks cannot be considered justified in terms of the means and methods.” He added, “We took into account the fact that YouTube, due to the nature of the Internet medium, has a large impact, so the damage is serious, and the posting period of the video can be as long as about 1 year and 7 months.” Daeryun Law Firm (Lihan), which served as legal representation for the plaintiff, explained, “The victim is experiencing considerable mental pain due to the defendants’ acts of violating portrait rights, insults, and defamation,” and added, “It appears that the court also reflected this.” In addition, he said, “Recently, as the number of YouTubers has rapidly increased, various damages are occurring due to filming and broadcasting without consent. In the case of YouTube, once a video is posted, it can be reproduced continuously, so the ripple effect is bound to be large, so there is an urgent need to improve awareness.” [View full article] Sports Seoul - YouTuber held responsible for ‘unauthorized filming’ of ordinary people… Court: “Compensation of 13 million won is required” (Shortcut)

Confirmation posts one after another on SNS… “Withdrawal after changing personal information to false information” Legal experts advise, “Information leakage and illegal trading occur frequently… mandatory provisions must be established” The aftermath of the delayed settlement of Timon and WeMakePrice (TimePrice) is leading to a procession of website withdrawals. This is due to concerns that personal information may be leaked or sold illegally if the security management of a company on the verge of bankruptcy is lax. According to Asia Today's coverage on the 29th, since the so-called 'TimePrice Incident', posts have been appearing one after another on social media providing information on how to certify withdrawal from TimPorn and WeMakePrice or completely disconnect from other SNS such as Naver and Kakao. As it became known that some personal information of subscribers may be kept even if they leave the website due to site regulations, some are advising subscribers to change all personal information to false before withdrawing. Recently, Chinese e-commerce platform AliExpress provided personal information of Korean users to Chinese sellers, coupled with a large-scale information leak in the e-commerce industry, which increased consumers' anxiety. As the controversy grew, the Personal Information Committee confirmed the status of personal information processing through the personal information protection officer (CPO) of Q10 Technology Co., Ltd., which was entrusted with the personal information management of Timon and WeMakePrice, on the 26th and announced, "To date, no problems with personal information processing have been found." However, the legal community agrees that strict monitoring by the government and consumers is necessary as personal information leaks and illegal sales frequently occur in actually bankrupt companies. Law Firm Bang In-tae, senior lawyer at Daeryun's Corporate Advisory Center, said, "In principle, personal information held by a company is not transferred to creditors when it goes bankrupt," but added, "There are actually cases where information is leaked due to poor management of a company in danger of bankruptcy, and in the process, third parties illegally purchase so-called 'profitable' personal information." Attorney Bang said, "However, such cases should be severely punished according to the Personal Information Protection Act, and all those who engage in such acts should be severely criminalized." Kim Myung-joo, a professor at the Department of Information Security at Seoul Women's University, also emphasized, "In the event of a company's bankruptcy, all assets, including personal information, are monitored by debtors, and there are many cases in which they hand them over when they say, 'I will give you more money if you hand over the information data in the system as well.'" He added, "Because the personal information protection obligation is not specifically defined for companies that are in the process of going out of business or have already been dissolved under the Personal Information Protection Act, it is urgent to prepare legal provisions to regulate this." Professor Kim emphasized, “Currently, the Personal Information Protection Committee needs to monitor the bankruptcy process in more detail,” and added, “Consumers should also continue to be alert.” [View full article] Asia Today - Selling personal information... ‘Timeef’ continues to withdraw (Shortcut)