Press Coverage

A man in his 30s who was put on trial for allegedly omitting the purchase price in the process of selling a used cell phone was found not guilty. According to the legal community on the 11th, the Gwangju District Court found Mr. A, in his 30s, not guilty in February on charges of embezzlement on the job. While working at a mobile phone dealer in Gwangju in 2022, Mr. A sold a used mobile phone he received from a customer for 150,000 won, and was sued by the president for not depositing the amount into the company account. Mr. A denied the charge, claiming that he had forgotten to re-deposit the money into the company account after selling the device. The prosecution concluded that Mr. A had an intention to embezzle and indicted him briefly with a fine of 300,000 won, but Mr. A requested a formal trial. “When I was working at the dealership, I had continuously handled the business of selling used devices. Nevertheless, there was a problem only in this one case,” he said. The court also ruled that there was no intention of embezzlement and declared the person not guilty. The court said, “We did not find any suspicious circumstances other than this case,” and ruled, “We cannot rule out the possibility that it was a simple omission, as the defendant claimed.” Kwak Ji-yeon, a lawyer at Daeryun Law Firm who represented Mr. A, said, “Mr. “There was an omission in the delivery of the sales payment by mistake while disposing of the mobile phone,” he explained. “After hearing about the omission from the complainant, he promised to return it, but the complainant immediately filed a complaint.” He also said, “Mr. A had no intent to embezzle, and there was no other evidence to prove it. Therefore, in this case, he was acquitted because there was no proof of a crime.” Reporter Jeong Eui-jin (jej88@ikbc.co.kr)[View full article] Man in his 30s accused of embezzlement for missing deposit of 150,000 won, found not guilty

The court ruled that even if the facts are not detailed in the notice of dismissal, it does not matter if the person concerned is fully aware of the reason for dismissal. According to the legal community on the 10th, the 2nd administrative division of the Daejeon High Court recently ruled that the plaintiff lost in the administrative lawsuit to cancel the retrial decision for unfair dismissal relief filed by pig farming company employee A and others against the National Labor Relations Commission. Mr. A and others were indicted on charges of selling pork containing pus to a meat packaging company in 2017 and received suspended sentences. Sentenced. Afterwards, the company dismissed Mr. A and others ex officio in accordance with the company's personnel policy that states, "Anyone who has received a sentence of imprisonment or worse cannot be appointed as an employee." In protest, Mr. A and others filed two applications for relief from unfair dismissal to the Labor Relations Commission. However, when all were dismissed, an administrative lawsuit was filed seeking cancellation of this decision. At the trial, Mr. A and others argued that there were procedural problems in the dismissal process. The dismissal decision was not approved by the personnel committee, and the company only provided notice of dismissal and did not provide final notice of dismissal. The management countered that in the case of dismissal due to ex officio dismissal, only a 30-day advance notice is required according to the regulations. The first trial ruled that the National Labor Relations Commission's dismissal of the application for relief was correct, saying, "According to the personnel regulations, in the case of dismissal for disqualification, there is no need to go through a resolution by the personnel committee. Additionally, a 30-day advance notice of dismissal and written notification of the reason and timing of dismissal is sufficient. However, since the company sent a preliminary notice of dismissal, it cannot be considered that there is a procedural illegality." Then, Mr. A and others appealed, saying that there was still a procedural problem because the reason for dismissal in the notice received only included the phrase ‘a sentence higher than imprisonment is confirmed’ and no specific facts were stated. However, the appellate court also ruled that there was no problem with the dismissal procedure. The appellate court ruled, “Considering that Mr. A and others were notified of dismissal after the confirmation of probation and continued to appear at the Labor Relations Commission to apply for relief, and that they had not committed any other crimes before receiving the notice, it is reasonable to assume that they knew that the criminal judgment in the case was used as a reason for dismissal,” adding, “Even if the reason for dismissal was briefly stated, it cannot be considered that there was a procedural defect.” In this case, Lee Ki-jun, an attorney at Daeryun Law Firm who represented the company as an auxiliary defendant, said, “Dismissal was dismissed. “If the person concerned knew the reason for the dismissal and was able to respond, it cannot be said to be a notice of dismissal in violation of the Labor Standards Act even if the reason was not stated in detail, and the fact that Mr. A and others were clearly aware of the reason by actively responding after receiving the notice was accepted, so it could be recognized as a legitimate dismissal procedure.” Reporter Jeong Cheol-wook[View full article] In response to the claim of “unfair notice of dismissal without stating the facts,” the court said, “Recognition of the reason is sufficient” (Shortcut)

“The strongest response to corporate rehabilitation and bankruptcy”… Daeryun Law Firm brings together a large number of practical experts. As the economic downturn continues, including a long-term slump in domestic demand and high exchange rates, the risk of bankruptcy for domestic companies has increased. According to data from the monthly court statistics, the number of corporate bankruptcy applications reached 1,940 last year, the highest number in the past 10 years. This is a 17.08% increase compared to the previous year (2023), and has been steadily increasing since 2021. Daeryun Law Firm announced on the 9th that it will strengthen the Rehabilitation and Bankruptcy Center in preparation for the financial crisis of companies due to increased uncertainty in the economic environment. The Daeryun Rehabilitation and Bankruptcy Center is comprised of experts with extensive experience in the legal field. Attorney Won-sang Kim, a core member of the center, is a corporate expert who has handled many famous corporate cases and rehabilitation procedures for mid-sized companies, including Pizza Hut Korea and DLL & C. Attorney Il-woo Jeong, who runs the center with Attorney Kim, is a corporate bankruptcy expert who has served as a bankruptcy trustee and a member of the Suwon Rehabilitation Court for many years. Attorney Minsoo Kim, who belongs to the same center, is also a former bankruptcy trustee, and suggests optimal solutions through analysis appropriate to financial situations. The two lawyers have experience successfully handling everything from representing applications for initiation of corporate bankruptcy procedures, such as applications for bankruptcy and applications for rehabilitation, to obtaining approval for rehabilitation plans. In addition, he has accumulated sufficient experience in the field of corporate rehabilitation and bankruptcy, including handling claims settlement litigation that is problematic in bankruptcy procedures. Attorney Choi Seong-moon of the Rehabilitation and Bankruptcy Center also has experience as a bankruptcy trustee. He has excellent expertise in the field of bankruptcy, having successfully led over 1,000 trustee cases. Another team member, attorney Sangwan Oh, is a bankruptcy attorney registered with the Korean Bar Association and has handled major cases such as the rehabilitation of corporate debtors worth 1 billion won. In addition, lawyer Seoyoung Kim, who provides advice to companies in management crisis and has been in charge of bankruptcy and rehabilitation procedures for companies of various sizes from small to medium-sized companies, also joined. In addition, accountant Wonchan Park, a finance and accounting expert, is also affiliated with the Rehabilitation and Bankruptcy Center. Based on his experience in performing numerous accounting audits at large corporations and public institutions, Accountant Park plans to actively assist in management consulting and business legal advice beyond rehabilitation and bankruptcy. The center specifically provides △ assistance in the rehabilitation of companies in financial crisis △ presentation of rehabilitation and bankruptcy solutions appropriate for each company's size △ corporate M&A that can enhance the company's value such as mergers and acquisitions within the rehabilitation process △ resolution of disputes arising from labor relations. Our policy is to provide full legal support in all areas of corporate law, including assistance, advice on relieving tax burdens, support for various corporate registration practices, and other individual rehabilitation and bankruptcy applications. In particular, in case of corporate-related cases, we are strengthening our expertise and providing high-quality legal services in connection with Daeryun Corporate Legal Group. The Rehabilitation and Bankruptcy Center and the Corporate Legal Group plan to continue to provide customized legal support based on their respective capabilities. Attorney Won-sang Kim said, "Due to the difficult economic situation, inquiries about rehabilitation and bankruptcy are rapidly increasing not only for individuals but also for companies," and added, "For companies experiencing financial difficulties, prevent measures such as provisional seizure and seizure due to the immediate financial crisis to secure cash liquidity and receive a certain amount of debt reduction to pay operating profits earned through future business activities in installments over several years. “Corporate rehabilitation that enables long-term development through payment is the most appropriate system,” he emphasized. “Specialized lawyers with extensive legal experience will directly respond to this corporate rehabilitation system and provide customized solutions to quickly respond to the company’s financial crisis.” He also emphasized, “Our center’s greatest goal is to thoroughly analyze the company’s financial structure and establish a strategy to increase the possibility of rehabilitation based on accurate financial data.” Reporter Park Jun-sik (parkjs@wowtv.co.kr)[View full article] Korea Economic Daily TV - "The strongest person in responding to corporate rehabilitation and bankruptcy"... Daeryun Law Firm, with a large number of practical experts (click here) Seoul Shinmun - Daeryun Law Firm strengthens response to corporate rehabilitation and bankruptcy... Expert ‘One Team’ customized solution (Go here) Sejeong Ilbo - ‘Daeryun’, a law firm strong in corporate rehabilitation and bankruptcy… Strengthening the Rehabilitation and Bankruptcy Center Team due to the increase in corporate bankruptcies (Click here)

Today, the Korean legal market is at a crossroads where structural change is inevitable, beyond simple internal competition. Sustainable competitiveness can no longer be achieved simply by taking on more cases or securing talent. What is needed now is a decision and implementation as to whether to stick to the existing office-centered, individual performance-centered traditional structure or to reorganize into an integrated system that meets global standards. In a situation where large American law firms have already been institutionally allowed to enter the country through the Korea-U.S. Free Trade Agreement (FTA), unless changes are made, there will be no place for Korean law firms in the next stage of competition. Nevertheless, many domestic law firms still look like one organization on the outside, but in reality, they are adhering to a ‘separate system’ structure in which overall operations such as case acceptance, profit distribution, and cost management are separated by partner units. This is a structure in which the appearance and substance of the organization are inconsistent, and has structural limitations in collaboration, integration, and brand management. On the other hand, the ‘regional distributed-operation integrated model’ commonly adopted by large global law firms is a structure in which offices are integrated and operated under one system even if they are dispersed by region. However, due to a lack of understanding of this, there are many cases in Korea where it is misunderstood as an unfamiliar and inefficient system, or appears in a distorted form as a ‘network law firm’ that only imitates its appearance. Meanwhile, resistance to the transition to this global system is expressed in the form of regulation through regulations or misleading the media. However, such resistance is inevitably powerless in the face of the huge flow of the global market. The moment large foreign law firms enter the domestic market in earnest, the market order and competitive landscape will be quickly reorganized. This is similar to the case in the past when the iPhone appeared in the domestic market, where existing mobile phone brands immediately took the lead. Therefore, rather than rejecting the introduction of the global system, we must first accurately understand it and implement and operate it ourselves to take the lead. Daeryun Law Firm was the first to detect this trend of change and set a clear strategic direction in line with it. Daeryun's goal is not to survive domestically, but to grow into a large global law firm. To this end, we have learned and interacted with the systems of major law firms around the world, and while preparing to open Daeryun's New York office, the author also visited the New York headquarters of Milbank LLP and saw first-hand the practical integrated operating system in which partners of different nationalities jointly handle one case. Based on this experience, Daeryun has established an integrated operating system between offices across the country, a case sharing system, and a centralized risk and accounting management system that meets international standards. In addition, we are actively reviewing and preparing for implementation of various forms of practical global cooperation, such as strategic partnerships with foreign law firms, joint brand building, mutual investment, and mergers and acquisitions (M&A). The reality facing Korean law firms is not a matter of choice. Having a structure and system that meets global standards is a necessary condition for survival, and furthermore, rather than passively accepting the standards, we must actively design them to fit our reality and materialize them in a way that can actually operate. Daeryun Law Firm was the first to detect these changes and is actually creating a structure appropriate for them. Through this, Daeryun hopes to become a standard that suggests the direction in which Korean law firms should move.[View full article] [Contribution] Korean legal market in crisis, must move forward to meet global standards (Click here)

A man in his 60s, who was at risk of being sent to trial on charges of receiving insurance money by issuing a false medical certificate, was cleared of the charges after a supplementary investigation. According to the legal community on the 8th, the Hyehwa Police Station in Seoul recently decided not to send Mr. A, in his 60s, who was booked on charges of violating the Special Act on Prevention of Insurance Fraud. Mr. A was booked and investigated by the police on charges of receiving insurance benefits by issuing a false medical certificate at a hospital in 2021. The insurance company sued Mr. A, believing that he had obtained insurance money by collaborating with the hospital and receiving the treatment in multiple installments. However, Mr. A denied the charges, saying that he received normal treatment according to the doctor's recommendation to treat his disease. At the same time, he claimed that since he received the insurance money after going through the insurance company's review process, if there was a mistake, it was the insurance company's fault. Initially, the police believed that Mr. A was guilty and sent the case to the prosecution with a recommendation for prosecution. However, the prosecution decided that a more detailed investigation was necessary and requested a supplementary investigation. After a supplementary investigation, the police confirmed that Mr. A had received multiple medical certificates and submitted them to the insurance company, but determined that he had been treated according to the doctor's opinion without any medical expertise. In addition, since the procedure and re-treatment were normally recorded in the medical record, it was ruled that it could not be said that he received a false medical certificate or colluded with the doctor. Mr. A's representative, Soo-hwon Kim, a lawyer at the Daeryun Law Firm, said, "In order to be guilty of insurance fraud, you must receive insurance money based on a false medical certificate, such as by intentionally extending the treatment period. However, during the investigation, we were able to avoid punishment by emphasizing the fact that Mr. A received a normal procedure to treat the disease he suffered from." Reporter Jeong Cheol-wook[View full article] Man in his 60s booked for insurance fraud with false medical certificate… After supplementary investigation, the case was not transferred (link)

False advertisements make you feel like you have met the legal requirements for recruiting members and purchasing land, but you can lose your life savings... Victims petition for strict punishment A man in his 50s who stole 2.5 billion won from four victims under the pretext of granting them membership in a local housing cooperative was sentenced to prison. The 32nd Criminal Division of the Seoul Central District Court sentenced Mr. A, who was put on trial in February on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes, etc., to 7 years in prison. According to Article 3 of the Act on the Aggravated Punishment of Specific Economic Crimes, etc., the profits obtained from crimes are more than 500 million won. If the amount is less than 5 billion won, you can be sentenced to imprisonment for a fixed term of 3 years or more. Mr. A, a construction worker, stole a total of 2.55 billion won from victims by suggesting to his acquaintances, “If you pay a certain amount, you will be able to receive an apartment at a lower cost than ordinary union members.” However, as a result of the investigation, it was found that Mr. A had never established the union itself and had never secured land or approved a business plan. It was confirmed. At the trial, Mr. A denied all charges, saying there was no intention to deceive. The court sentenced him to prison considering the nature of the crime and the degree of damage. The court stated the reason for the sentencing, saying, “The scale of the damage was significant, and no special efforts were made to recover the damage suffered by the victims, so the nature of the crime is very poor.” Attorney Park Seong-yoon of Daeryun Law Firm, who served as the legal representative for the victims, said, “Even if Mr. A received money from the victims, he had no intention or ability to grant union membership or sell an apartment,” and added, “As a result of checking the account details, the misappropriated money was used for personal purposes such as food expenses or for other business expenses.” “It was discovered that it was used,” he explained. He continued, “In particular, Mr. A committed the crime by taking advantage of the trust that came from his personal relationship with the victims, and some of them even lost their life savings.” At the same time, he added, “Mr. A did not stop the secondary assault, including threatening and urging an agreement under the pretext of repaying the damage,” and added, “The victims’ plea for severe punishment for Mr. A was recognized and the prison sentence was handed down.” Reporter Kim Jong-cheol (jckim99@sportsseoul.com)[View full article] False advertisements make you feel like you have met the legal requirements for recruiting members and purchasing land, but you can lose all your life savings... Victims petition for severe punishment (link)

Reduction of damaging posts online 'Volleyball Empress' last game abuse of fan sentiment Professional baseball also ramps up ticket scalping by hundreds of thousands of won Number of reports of ticket scalpers 10 times in 4 years in 2024 Even if caught on-site, fine is only 200,000 won Even if caught on-site, the fine is only 200,000 won It is not easy to prove the use of macro "The system needs to be improved, including raising the level of punishment." Lee, a volleyball fan in his 20s, attempted to reserve a ticket to watch volleyball player Kim Yeon-kyung's retirement game on the 8th, but failed. He wanted to get tickets even if he had to pay extra, so he posted “I’m looking for tickets” on social networking service (SNS) X (formerly Twitter). Mr. Lee soon received a call saying he would sell the ticket, and although the price was more than double the regular price, he decided to buy it. Mr. Lee sent money to the seller's account, but never received the ticket. By the time he raised the issue, the seller had already gone into hiding. Seongdong Police Station in Seoul began an investigation after receiving a ticket fraud complaint filed by Mr. Lee. As the domestic professional baseball season opens and festivals and concerts heralding spring continue, ticket scams are rampant. The method of ticket scalping fraud, which is usually carried out through transactions between individuals, is simple, but the number of damage cases continues to increase every year. Experts suggest that institutional improvements are needed, such as increasing the level of punishment for ticket fraud and activating reporting centers. On this day, it was easy to find posts complaining about damage from ticket fraud along with inquiries about seeking tickets to Kim Yeon-kyung's retirement game in online communities. Mr. A, who said his cousin was a victim of a ticket scam, expressed his resentment, saying, “I deposited 360,000 won to purchase tickets for the 5th game at Joonggonara, but was blocked by the scammer.” He added, “The scammer is changing his ID and repeatedly posting the same posts.” Ticket scalping is also a chronic problem in professional baseball, which recently opened and set a record of over 1 million spectators with the fewest games ever (60 games). Last year, scalped tickets for the Korean Series were well over 10 times the regular price, and weekend ticket scalpers worth hundreds of thousands of won are continuing this season as well. The Korea Baseball Organization (KBO) is also working with the 10 clubs in the league to come up with measures to strengthen response to minimize damage from ticket scalping. Ticket scalping fraud in professional sports is increasing every year. According to the Ticket Scam Reporting Center operated by the Ministry of Culture, Sports and Tourism, the number of reports, which was only 6,237 in 2020, jumped more than eight times to 51,405 as of August last year. The total number of reported cases last year is estimated to exceed 60,000 for the first time ever. Crimes are mainly committed online by collecting the ticket price from buyers and then disappearing, or sending fake tickets. There are also cases where a large number of tickets are purchased using a so-called ‘macro (automatic repeat entry program)’ and then sold through scalping to make a large profit. Eunhee Lee, a professor of consumer studies at Inha University, explained, “As ticket purchases and transactions are all done online, the damage to consumers has increased significantly compared to before,” adding, “Criminals are making money more easily.” Measures to eradicate ticket scalping are insufficient. Above all, it is pointed out that the severity of punishment under the current law is weak. On-site ticket scalping is subject to a fine of less than 200,000 won under the Misdemeanor Punishment Act, which is far less than the profits from scalping. Regarding the punishment of scalpers, which are rampant online, since last year, those who use macros can be subject to a maximum of one year in prison or a fine of up to 10 million won, but investigative agencies are having difficulty proving that macros were used. Attorney Shin Yong-hoon (Daeryun Law Firm) said, “There are strong concerns that the level of punishment is lower than the profits in the case of some scalpers.” He emphasized, “There must be a means to deprive people of benefits through regulations.” Professor Lee Eun-hee said, “This is not a problem that can be solved simply by increasing the number of public officials who monitor,” and advised, “We need to consider activating a reporting center that collects ticket trading activities and linking it with the police.” Reporters Jang Han-seo and Byun Se-hyeon[View full article] “Kim Yeon-kyung disappeared after receiving 360,000 won in tickets for her retirement game”… Even though ticket scalping and fraud are rampant, punishment is mild (link)

Established in 2005, contributing to the revitalization of the Jeju bio industry and economic development by providing legal advice on e-commerce for member companies and assistance with legal risks for overseas expansion, Daeryun Law Firm announced on the 8th that it had signed an MOU with the Jeju Bio Enterprise Association, an incorporated association. The signing ceremony was held at the headquarters of the Jeju Bio Enterprise Association on the 3rd, with key officials including Chairman Kim Seong-hoo of the Jeju Bio Enterprise Association, attorney Daeryun Ko Seung-seok, attorney Jeong Jin-seong, and head of counseling Kim Gyeong-wook attending. The Jeju Bio Enterprise Association was established in 2005 and has been contributing to the revitalization of related industries and economic development by collecting problems and exchanging information with bio companies in the province. The ‘Jeju Product Direct Market’ operated by the Jeju Bio Enterprise Association sells Jeju special products such as agricultural and livestock products, processed foods, and cosmetics in cooperation with the association’s member companies. In addition, it participated in the New York Excellent Product Exhibition in 2017 and held a drive-through promotional event with Jeju Techno Park in 2020. The two companies decided to cooperate in various fields, including legal assistance in transactions between companies. Through this agreement, Daeryun plans to provide legal services in areas such as △ legal advice on e-commerce for member companies △ prevention of legal risks when entering overseas markets △ corporate labor and tax advice. Jeju Bio Business Association Chairman Kim Seong-hoo said, “For the past 20 years, the Jeju Bio Business Association has worked to revitalize the bio industry in the province,” and added, “Under the motto of common value of regional coexistence, we will work with Daeryun to explore routes such as our own mall and overseas customers.” “We will create synergy for Daeryun,” said Kim Kook-il, CEO of Daeryun Management, adding, “Daeryun has competitive lawyers working as a team within the corporate legal group and medical pharmaceutical group, and legal assistance related to overseas transactions is also available.” He added, “Through this MOU, we will spare no effort in providing legal assistance to help the Jeju Biotechnology Industry Association pioneer overseas markets and establish itself as a competitive product mall.” Reporter Cheon Ju-young (young1997@mydaily.co.kr)[View full article] Jeju Bio Industry Association signs MOU with Daeryun Law Firm (Click here)

The Fair Trade Compliance Program (CP) refers to an internal compliance system to voluntarily comply with the laws and regulations under the Fair Trade Commission. For the competition authorities, it has the advantage of minimizing administrative costs due to ex post sanctions, and for companies, it not only prevents the burden of investigations and sanctions, but also prevents the corporate image from being tarnished. Above all, if CP is introduced and its operation performance is evaluated as excellent, there is a benefit of receiving a fine reduction of up to 20%. CP, which was introduced in 2001, was abolished in 2014 due to criticism that it was being abused for the purpose of reducing fines. However, it became a more effective system by establishing the basis for fine reduction incentives in the law in 2023. Recently, the Fair Trade Commission has issued an administrative notice on the revision of the CP notice and is collecting opinions, and the main changes are the evaluation stage, additional points, and evaluation procedures. First of all, the order of the evaluation stages is There has been a change. The existing evaluation was conducted in the order of documents, on-site evaluation, and in-depth interviews, but starting this year, face-to-face (interview) evaluation will be conducted after document evaluation. Afterwards, the evaluation process and work will be somewhat simplified as on-site evaluations will be conducted only for companies that have recorded (scheduled) a face-to-face evaluation score of 85 or higher. In particular, systems excluding rating invalidation, rating withholding, and rating invalidation during rating adjustment during the evaluation process will be abolished. Rating withholding refers to a system of withholding ratings when inappropriate reasons arise for assigning a rating due to concerns about compromising the fairness and reliability of the CP system, such as when a case is being submitted for alleged violation of fair trade-related laws. Grade correction is a system where measures are lowered if a violation of the law occurs before or after the grade is assigned. Starting this year, if you are punished for interfering with investigative activities or are evaluated in a false or fraudulent manner, such as by submitting false data, your evaluation will be invalidated. The most important thing in the CP rating is the CEO's will. The areas where the CEO's will can be quantified include △whether CP is introduced, △appointment of a compliance manager, △dedicated organization and budget support, △education, △prior monitoring and whistle-blowing, △incentives, and △effectiveness evaluation. In particular, it is recommended to enter the CEO's participation and the number of reports and approvals in most of the detailed measurement indicators. Strengthening the capabilities of the CP department is essential. In particular, in the case of additional points, the capabilities of the CP department become important. The evaluation items consist of 48 for large companies and 40 for medium-sized and small-sized companies, but the CP department cannot fill these items through independent efforts. However, since the points factors can be accomplished through CP's own efforts, strengthening capabilities is essential. Most companies that received AA to AAA ratings last year are operating as a team directly under the CEO, such as appointing vice presidents and other relevant leadership. In particular, you must pay attention to the introduction and operation of CP by other companies (partners) with the highest points (4 points). Analysis of best practices is also important. This is because the number of evaluation targets more than doubled last year compared to the year before, making qualitative evaluation through comparison with other corporate cases inevitable. Therefore, it is necessary to persuade internal stakeholders, such as the CEO, by referring to best practices and, if possible, receive assistance from external experts with extensive CP consulting experience. Small and Medium Business Team[View full article] Recent changes to the fair trade compliance program and response strategies (link)

Establishing a global growth partnership through legal support such as import/export legal advice and patent application assistance Daeryun "We will spare no effort in supporting Hwanghae to establish itself stably in overseas markets." Daeryun Law Firm announced on the 7th that it signed a business agreement (MOU) for entry into the global market with venture company Hwanghae EDA Co., Ltd (hereinafter referred to as 'Yellowhae'). This agreement ceremony was held at Hwanghae's headquarters in Gangnam-gu, Seoul on the 3rd, and was attended by CEO Kim Kuk-il and lawyer Kim In-won from Daeryun's side, and CEO Park Jong-chan and former Incheon Mayor Ahn Sang-soo from Hwanghae's side. Hwanghae is a company that is developing and disseminating an eco-friendly farming method that combines nanotechnology with the chlorella farming method demonstrated by the Rural Development Administration. Recently, it is also expanding its environmentally friendly energy business through cooperation with large-scale emitting companies such as KEPCO and POSCO based on carbon dioxide recycling technology. Through this MOU, Daeryun plans to provide professional and prompt legal support for all legal issues that may arise during Hwanghae's global expansion and business expansion. Specifically, it plans to provide comprehensive legal services including international trade and import/export legal advice, intellectual property protection and patent applications, and domestic and international litigation and arbitration response in the event of a dispute. Park Jong-chan, CEO of Hwanghae, said, “In the process of preparing for overseas expansion, it is necessary to systematically manage various legal issues such as patent protection, review of investment contracts, and response to regulations in each country,” and expressed expectations, “Through the agreement with Daeryun, we will be able to further strengthen our global competitiveness.” Kim Kuk-il, CEO of Daeryun Law Firm, said, “Daeryun provides comprehensive legal services in collaboration with not only lawyers but also accountants, labor attorneys, tax accountants, and customs experts, and we provide diverse support to companies preparing to enter the global market based on overseas branches and networks. We will continue to provide full legal support to help Hwanghae secure a stable position in overseas markets.” Meanwhile, Daeryun Law Firm is collaborating with a number of companies by providing customized legal solutions in areas such as corporate legal affairs, overseas expansion consulting, and intellectual property protection. With this MOU, it is expected to serve as a reliable legal partner in Hwanghae's global growth journey.[View full article] Daeryun-Yellow Sea EDA business agreement signed... Legal assistance for international trade, patents, etc. (Go here)