Signed an MOU for business cooperation with Jeju Y Credit Union

Daeryun Law Firm (Limited) has begun providing legal services for the introduction of digital systems and expanding networking in the financial sector.

Daeryun Financial Law Group, a law firm, announced on the 19th that it signed an MOU for digital financial system conversion with Jeju Y Credit Union on September 13, 2024. The MOU signing ceremony held at the credit union's head office was attended by Daeryun Law Firm's CEO Kuk-il Kim, attorney Seung-seok Ko, and Gyeong-hoon Oh, Jeju Y Credit Union Chairman Yeo Hye-sook, Managing Director Bu Gyeong-nam, and branch manager Jin-hee Kim, among other officials.

The two companies plan to hold seminars and training and continue discussions on digital utilization plans and legal considerations.

Jeju Y Credit Union is a non-profit cooperative financial institution operated to improve the status of the working class and the middle class and provides financial services for members and local residents.

Daeryun resolves legal issues that may arise in digital financial transactions and provides legal advice on building digital financial services. This agreement is expected to expand the network in the financial market and strengthen business expertise.

Specifically, Daeryun will provide Jeju Y Credit Union with ▲IT system construction for digital financial services ▲data security ▲regulatory environment ▲dispute resolution, etc. We plan to provide professional legal advice. Through this, Jeju Y Credit Union increases customer satisfaction along with system innovation.

Jeju Y Credit Union Chairman Yeo Hye-sook said, "In a financial environment where digital transformation is taking place, we place the highest priority on the safety and trust of our members and customers." “Through Daeryun Law Firm’s legal advice, we will create a more trustworthy financial environment for our customers. We look forward to overseas cooperation through Daeryun’s global legal services,” he said.

Kook-il Kim, CEO of Daeryun Law Firm, said, “The recent financial environment is driven by fintech, “We are facing a period of upheaval due to regulatory changes due to the development of digital technologies such as blockchain and artificial intelligence,” he said. “Daeryun will be able to conduct video consultations between the Jeju office and the headquarters, and through this, we will create a stable financial environment for Jeju Y Credit Union.”