Signed MOU for business cooperation with Kyobo Steel

Daeryun Law Firm announced on the 28th that it signed an MOU for legal advice with Kyobo Steel on October 24, 2024.

The business agreement ceremony held in the conference room of Daeryun headquarters was attended by Daeryun CEO Kim Kuk-il, Lee Gyeong-min, Won-il Won, Park Jeong-gyu, lawyer Kim Hyeong-jin, Kyobo Steel CEO Kim Mi-seong, and auditor Kim Bong-ho, and other officials.

Kyobo Steel Co., Ltd. is a steel manufacturing company established in 2013. Currently, it is operating a structural pipe with an annual capacity of 14,000 tons and a 60,000-ton slitting process line at the Gwangyang National Industrial Complex in Jeollanam-do, and plans to expand the factory in the second half of this year. As of October 2024, it is a large law firm with 240 lawyers and is expanding its scope by strengthening its corporate legal group.

Through this agreement, the two organizations will conduct a legal review related to the steel business. We plan to cooperate with each other in △sharing ESG management strategies △advising on various contracts △promoting education and seminars for exchange.

Kyobo Steel CEO Kim Mi-seong said, "The steel industry is in line with ESG management trends. “We are facing a turbulent time, and other steel companies are also joining in to achieve carbon neutrality,” he said. “We want to respond more systematically with the help of experts, and we hope that Daeryun is the best law firm to form a partnership with.” style="background-color:rgb(255,255,255);color:rgb(48,48,56);">Daeryun CEO Kim Kuk-il said, "Requests for legal advice related to eco-friendly business have recently increased. As eco-friendly process conversion is a rising issue in the steel industry, we will provide optimal advice to Kyobo Steel, which is planning to expand its plant," and added, "In order to provide consulting on overall matters within the company, in addition to lawyers within the corporate legal group, we will hire accountants, “Professional personnel such as tax accountants and labor accountants will utilize all resources to help both companies develop,” he said.