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Press Coverage

Numerous media outlets recognize the expertise of Daeryun Law LLC.
Explore interviews, legal commentary, and columns by Daeryun lawyers.

2 places including Asia Economy
2024-08-16
[로펌은 지금]법무법인 대륜, 고품질 법률 서비스로 지속 성장
[Law Firm Now] Daeryun Law Firm continues to grow with high-quality legal services
Headquarters-centered management of all cases, customer satisfaction, actively recruiting experts such as accountants and labor attorneys in addition to top-tier lawyers every year, improving ‘service quality’, a chronic problem at networked law firms, operating a Customer Satisfaction Center… Daeryun Law Firm (Limited), which reflects customer feedback in real time, is showing continuous growth by providing high-quality legal services and realizing customer-centered management, its core value. According to the legal community on the 16th, Daeryun has narrowed regional gaps in legal services and upgraded legal services as case management is centered on the headquarters, which is the control tower, and each regional office can provide high-quality services. This is in contrast to the negative perception of the lower quality of legal services, which has been considered a chronic problem of existing network law firms. In particular, Daeryun is the first law firm to operate a customer satisfaction center since October of last year and is striving to provide better services by reflecting customer feedback in real time. The purpose is to listen to the voices of actual customers and make improvements. In addition, we are accelerating the recruitment of various experts to provide systematic legal services. We are actively recruiting professional talents active in various fields, including accountants, tax accountants, labor attorneys, and qualified evidence investigation experts. However, there are also negative views within the legal community regarding Daeryun's rapid growth. There is concern that quality management of legal services may be neglected as the size grows. A legal representative said, “Daeryun has branch offices in major regions across the country and is taking on many cases. It is also actively advertising, so small lawyer offices are struggling.” He added, “If we want to resolve the question of ‘whether service quality is good compared to growth,’ which is a chronic problem for network law firms, we will need to show a clear strategy to improve quality.” Contrary to such concerns, Daeryun has maintained a one-team principle and further strengthened the nationwide office cooperation system, showing different actions from other network law firms. The reason the one-team system is possible is because judges, former prosecutors, and key lawyers who have been active in the region reside in major offices and branch offices across the country. In addition, the company moved its headquarters to Yeouido early this year, breaking the mold of a typical law firm with its headquarters located near Seocho-dong, where the court is located. He also received attention for his actions. The relocation of the headquarters was carried out to increase accessibility to corporate customers while expanding the scope of activity to corporate cases. Kim Kuk-il, CEO of Daeryun Law Firm, said, "I understand that many officials are voicing concerns about law firms that take on relatively more cases due to the saturation of the legal market. We are making improvements through continuous monitoring of areas of concern." He added, "Daeryun will not neglect customer-centered management in the future so that customers can conveniently enjoy legal services without worrying about time and place." Concerns raised by some are raised. Regarding the voices, CEO Kim emphasized, “We will continue to manage and repair issues that are considered chronic problems,” and added, “We will continue to think about the quality of legal services with our members in proportion to our growing scale.” Daeryun is operating the largest number of offices nationwide by benchmarking the advanced systems of American law firms. In order to become a global law firm, we are planning to enter Japan this year. [View full article] Asia Economy - [Law Firm Now] Daeryun Law Firm continues to grow with high-quality legal services (Go here)Law Leader - Daeryun Law Firm, leading the legal market with high-quality one-stop legal services (Click here)Money S - “Customer satisfaction is the top priority”... Daeryun Law Firm changes legal market trends (Go here)
Gangwon Ilbo
2024-08-15
강원일보-법무법인 대륜 ‘법률자문 협력관계 업무협약’ 체결
Kangwon Ilbo and Daeryun Law Firm conclude ‘Legal Advisory Partnership Business Agreement’
Systematic legal service support for Kangwon Ilbo's rights and interests Daeryun Dae-Ryun's policy of providing customized legal advice by specialized lawyers in each field Systematic legal advisory services are supported to protect the rights and interests of Kangwon Ilbo. Kangwon Ilbo (CEO: Park Jin-oh) and Daeryun Law Firm (Representative Attorney: Kook-il Kim) signed a 'Business Agreement for Legal Advisory Cooperation' at the Gangwon Ilbo conference room on the 14th. This business agreement is with Gangwon Ilbo. Daeryun Law Firm was established to provide prompt and accurate advice on legal issues that arise while employees are performing their duties. According to the agreement, Daeryun decided to provide legal advice across all business areas of the company through experts in related fields such as lawyers, accountants, and tax accountants at the request of Gangwon Ilbo. Daeryun is the best law firm in Korea composed of lawyers from courts, prosecutors, and police with more than 20 years of legal experience. A team of professional lawyers in each field with unrivaled experience are developing customized legal strategies to protect the rights and interests of clients. In particular, it is possible to provide optimized consulting services by operating a total of 22 specialized centers in each field, including corporate law, taxation, finance, intellectual property rights, criminal affairs, civil affairs/damage compensation, evidence investigation/forensics, and legal counseling. In addition, we have over 40 branches nationwide, including the Seoul headquarters, Chuncheon, and Wonju, the largest number among law firms, and are establishing a specialized legal consultation system anywhere in the country. In the future, we plan to establish overseas corporations, including a Tokyo branch and a New York branch, to grow into a global law firm. Kim Kuk-il, the representative attorney at Daeryun Law Firm, said, “This is our first legal advisory business agreement with a newspaper company, and we will strive to ensure that our win-win cooperation with the Gangwon Ilbo will lead to an improvement in the quality of Daeryun’s local legal services.” Park Jin-oh, president of Gangwon Ilbo, said, “The signing of this business agreement means that Gangwon Ilbo is the best daily newspaper in the country, and Daeryun is a world-class daily newspaper.” “We expect this to be a stepping stone to our growth as a law firm,” he said. [View full article] - Kangwon Ilbo and Daeryun Law Firm conclude ‘Legal Advisory Partnership Business Agreement’ (Go here)
Korean economy
2024-08-13
"왠지 소름 돋아요"…3개월차 신입, 퇴사 고민 빠진 이유가 [법알못]
“It gives me goosebumps for some reason”… A new employee with 3 months of experience is worried about leaving the company [I don’t know the law]
Reason for complaining of new employee after 3 months: “Is it okay if I get a consent form?”... Is there any illegality in 'employee PC surveillance'? When checking messengers such as KakaoTalk using 'screen recording', "There is a high possibility of violating 'secret infringement' under the Internet Act" "Camera recording" for working from home is also illegal. "Consent is not enough... Be sure to check the 'scope of purpose'" "I feel like I am working while being watched. It gives me goosebumps for some reason." Netizen A, who said he had been with the company for three months, recently asked on an online community, "Is there any company that monitors employees' computer screens in real time like this?" He said, “I have to share not only all the files on my personal computer (PC) but also KakaoTalk chats,” and “I’m wondering whether I should continue working for this company.” As telecommuting has emerged as a new type of work environment after COVID-19, demand for programs that monitor employees' PCs in real time is gradually increasing. However, despite the advantages of effective attendance management and security maintenance, it is pointed out that some functions have a high risk of violating current laws, such as invasion of privacy. "There is a high possibility that it will be used for expedient 'messenger surveillance'" The 'camera recording' function for working from home is also controversial. A program that can check, record and save the PC screen in real time during work hours can be operated under current law with employee consent, but the problem is the personal messenger used by employees. This is because if personal messenger content is exposed in real time through screen relay, it may violate Article 49 (Protection of Confidentiality, etc.) of the Information and Communications Network Act. This provision states that one must not infringe, steal, or leak other people's secrets that are processed, stored, or transmitted through information and communications networks. If you violate this, you may be punished by imprisonment for up to 5 years or by a fine of up to 50 million won pursuant to Article 71 of the same law. In fact, monitoring company A openly advertises on its website that it can check messengers such as KakaoTalk, Telegram, and Line used by employees. This is all through real-time screen recording. Regarding this, an official from the company said, "It is possible to 'shade' a specific messenger through settings," but "the authority lies with the administrator." Choi Hyun-deok, lawyer at Daeryun Law Firm, said, "It is of course legal for a company to check 'business conversations' later for the purpose of confirming whether an employee has committed misconduct," but explained, "However, it is difficult to immediately determine whether the messenger conversation captured in the real-time screen recording was for personal purposes. In fact, there is a high possibility that it will amount to wiretapping of personal conversations." Kim Byeong-jun, a lawyer at the Inguayul Law Firm, also analyzed, "As it is technically difficult to check conversations directly through the messenger program server, screen recording-type monitoring seems to have become established." He added, "Expedient monitoring of messenger conversations clearly has an illegal aspect." In addition, as the number of people working from home has recently increased, concerns have arisen about the 'camera recording' function, which was created for the purpose of checking attendance and work attitude. Through this function, companies can check employees working from home in real time through a separate video camera or the camera built into the laptop. It is of the opinion that the camera used for this function may be considered a video information processing device under Article 2 of the Personal Information Protection Act. Previously, famous pet trainer Kang Hyeong-wook was also caught up in suspicions that the company he ran monitored employees through video information processing devices, commonly known as closed-circuit (CCTV) TVs. Attorney Choi Hyun-deok said, "The camera recording function of the monitoring program can be interpreted as a mobile CCTV. According to Article 25, Paragraph 2 of the Personal Information Protection Act, such devices are prohibited from being installed in areas where privacy is violated when collecting information through wired or wireless Internet. 'Inside the house' is judged to be a private area." Experts advise that even if you agree to monitoring, you need to check whether the program is being operated according to its actual purpose and scope of use. In fact, in 2009, the Supreme Court ruled that in order for a company to check messengers and e-mails, even if an employee consents, there must be a justification for the purpose and circumstances that can specifically and reasonably suspect a crime. Attorney Choi emphasized, "In a situation where the form and scope of employee surveillance is controversial, recent lower court results show that the courts are basically becoming increasingly strict with the viewing and leakage of personal information. Even if consent is given, there is a need to carefully consider whether the program was used within the scope that exactly fits the purpose of collecting personal information, such as attendance management and security maintenance." He added, "This issue is still a matter of intense debate in the legal community," and added, "As Supreme Court precedents regarding employee surveillance using new technologies such as real-time recording programs accumulate, clearer legal standards are expected to be established." [View full article] - “It gives me goosebumps for some reason”… 3-month new employee, the reason why he was worried about leaving the company [I don’t know the law] (Shortcut)
2 places including Edaily
2024-08-13
법무법인 대륜, ‘대학생 서포터즈’ 발대식 개최
Daeryun Law Firm holds inauguration ceremony for ‘College Student Supporters’
Daeryun Law Firm (Limited) announced on the 13th that it held an inauguration ceremony for the ‘1st College Student Supporters’ and began full-fledged activities by drafting a selection letter and conducting research on precedents for 20 university students. At the inauguration ceremony held on the 12th, Daeryun Law Firm CEO Kuk-il Kim, CEO Dong-il Park, CEO Chan-woo Jeong, and Chairman Jae-guk Shim attended the inauguration ceremony. In the first group of college student supporters, 20 college students were appointed as publicity supporters and will support Daeryun Law Firm's publicity activities for three weeks. This support group recruited applicants to provide college students with an opportunity to develop legal expertise and social responsibility. The 20 supporters appointed at the launch ceremony will develop their legal expertise by participating in various programs such as △production of promotional content △practice writing drafts △study of actual cases and precedents △blog posting of winning cases and latest precedents △trial observation △interviews with lawyers. In particular, it is expected to be an opportunity for students considering entering law school through mentoring by professional lawyers, including guidance on the LEET test, physical fitness know-how, time management strategies, and law firm selection criteria. All first-generation college student supporters will be paid a small activity fee, and benefits such as issuance of a certificate of completion will be provided upon completion of the activity. Only those with excellent program participation and activity will be selected and issued a certificate of excellence. Kim Kuk-il, CEO of Daeryun Law Firm, said, "We sincerely welcome the supporters selected for the first group. We have held this program to foster experts who will lead the legal field. We hope that they will grow into legal experts by combining field experience and theoretical learning through supporter activities." Meanwhile, Daeryun Law Firm, which has the largest number of offices in Korea, operates 39 branch offices across the country to resolve legal blind spots and provides uniform legal services anywhere in the country. [View full article] Edaily - Daeryun Law Firm holds a launching ceremony for ‘College Student Supporters’ (Go to here) Law Leader – Daeryun Law Firm holds a launching ceremony for ‘College Student Supporters’ (Go to here)
Seoul Newspaper
2024-08-13
줄 서는 ‘무상’ 소방교육, 돈 내면 즉각 출동… ‘안전’ 파는 소방관
‘Free’ firefighting training to stand in line, immediate dispatch if you pay… Firefighters selling ‘safety’
When some proposed an external lecture and paid 150,000 won for 2 hours, they immediately accepted it. The Fire Department said, “If you report the lecture, there is no problem.” The legal profession said, “If you don’t report, there is a job-related compensation.” “We must strengthen internal regulations to prevent lectures.” Mr. Kim (55), who runs a small business in Seoul, inquired at a fire station in Seoul to receive ‘on-site fire safety training’, but unlike previous years, received an answer that “you have to pay the fee.” When Mr. Kim, who had been receiving education for free, asked about the exact cost, the answer was, “Please set it within a reasonable range.” In the end, Mr. Kim offered 150,000 won for a 2-hour lecture, and the fire department immediately accepted. According to the Seoul Shinmun coverage on the 12th, it was found that some firefighters are pocketing the lecture costs by diverting the on-site fire safety education, which is supposed to be provided free of charge, to external lectures. This is an abuse of the fact that waiting or schedule adjustments are required to receive free education. The National Fire Agency's position is, “We do not collect lecture fees exceeding the amount set by the Anti-Graft Act, and there is no problem as long as you report after the lecture.” However, as this training is free in principle and contains content directly related to safety, such as fire evacuation methods and CPR, it is pointed out that misuse should be prevented in advance. According to the National Fire Agency, front-line fire departments are forming training teams of 3 to 4 people to provide related training, including on-site fire safety training. Although on-site fire safety training is not mandatory, it is in high demand because it allows you to learn practical fire response methods such as evacuation drills. Just looking at the Seoul Fire and Disaster Headquarters, 221,115 people received training in 2022 and 391,161 people last year. The National Fire Agency said, “Basically, on-site fire safety training is provided free of charge, but if you receive a request for an external lecture, etc., you must report it within 12 days.” “According to the Anti-Graft and Corruption Act, the lecture fee is not a problem as long as it does not exceed 400,000 won per hour or 600,000 won per day.” “I don’t,” he said. However, if the lecture fee is not reported after receiving the training, measures such as caution, warning, and completion of cyber training will be taken along with refund of the lecture fee. An official from the Ministry of Personnel Management explained, “If a firefighter requests training costs without reporting it to his or her agency, it may be a violation of the civil servant’s duty of good faith.” However, since course registration can be made by phone rather than the Internet, it is not easy to catch training that has not been reported. Choi Hyeon-deok, a lawyer at Daeryun Law Firm, said, “Safety training can be seen as a firefighting job for the sake of prevention. If the money was unilaterally requested or not reported after an external lecture, it can also be seen that the public official received money related to his job.” Fire safety experts believed that internal regulations should be strengthened to fundamentally block the induction of paid lectures and the level of disciplinary action for unreported training should be raised. The purpose is to increase reliability and transparency in education. Lee Young-joo, a professor in the Department of Fire and Disaster Prevention at Kyungil University, said, “Accepting even a small amount of money can create a false perception by lowering the credibility of education.” Kim Gyeong-jin, a professor in the Department of Industrial Safety and Fire Protection at Woosuk University, said, “The fire department needs to manage the training schedule uniformly so that free training can be given priority.” [View full article] - ‘Free’ firefighting training while waiting in line, immediate dispatch if you pay… Firefighters selling ‘safety’ (link)
lowrider
2024-08-09
법원, 군복무 중 공문서 위조해 수차례 휴가 간 20대···‘징역형 선고유예’
Court suspends prison sentence for a man in his 20s who forged official documents while serving in the military and took several vacations
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)
Asia Today
2024-08-06
“구영배 사기·횡령 입증하려면 내부 문건·진술 나와야”
“In order to prove Koo Young-bae’s fraud and embezzlement, internal documents and statements must be released.”
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)
Money Today Broadcast
2024-08-06
[이슈체크] 티메프 ARS는 사실상 '불가능'…대안은 딱 하나
[Issue Check] Timef ARS is virtually ‘impossible’… There is only one alternative
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)
4 places including SBS
2024-08-01
'미정산' 계열사 확산…"회생자격 없다" 큐텐 경영진 고소
Spread of ‘unsettled’ affiliates… Q10 management sued for “not qualified for rehabilitation”
<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)
lowrider
2024-08-01
법무법인 대륜ㆍ건국대 로스쿨, ‘분쟁 해결’ 분야 전문성 강화 MOU
Daeryun Law Firm and Konkuk University Law School, MOU to strengthen expertise in ‘dispute resolution’
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)
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