Press Coverage

Recently, terrorist threats about installing explosives in multi-use facilities such as department stores and parks used by an unspecified number of people have been spreading throughout the country like a trend. According to Yongin Eastern Police Station, on the morning of the 13th, a fax was sent to the Daejeon Immigration Office saying, “We will blow up Everland Resort,” and the police launched an emergency search. Previously, a fax was received stating that explosives were installed at a department store in Gwangju Metropolitan City on the 11th and at the Olympic Park gymnastics stadium on the 10th. Terrorist and crime warnings are also prevalent online. On the 5th, an article was posted on an Internet community saying, “Explosives were installed at the main branch of Shinsegae Department Store and will be blown up at 3 p.m.,” causing an evacuation commotion. The author of the article was found to be a middle school student living in Jeju Island. This phenomenon increased rapidly after the stabbing incident at Seohyeon Station in Bundang in 2023, and at that time, the National Investigation Headquarters of the National Police Agency conducted special security activities for two months starting in August and conducted intensive crackdowns. As a result, 571 reports of violent crimes were discovered during the period, 298 people were arrested, and 28 of them were detained. However, due to the limitations of applying charges in such investigations, the suspects were only punished lightly, such as fines. Regarding this, legal experts analyzed that the requirements for establishing a crime varied depending on interpretation, making application difficult. Attorney Kim Dong-jin of Daeryun Law Firm (Limited) said, “In the past, in the past, “Because I was not familiar with the crime without asking, I thought it was difficult to trust the murder notice and that it was unlikely to be realized,” he said. “As the motive for enacting the crime of intimidation did not include a post warning of murder, it was difficult to punish the author of the post for this crime.” He continued, “Various charges such as obstruction of official duties by hierarchy, cyberstalking, preliminary crime of murder, and creating anxiety under the Information and Communications Network Act may be applied, but as seen earlier, crimes such as crime notices are not possible.” “Because it is not a crime that was envisaged and legislated, there is a problem that it does not fully fit these crimes,” he said, adding, “In particular, since it is difficult to easily determine intentionality, the crime of public intimidation is a supplement to this.” In fact, the ‘public intimidation crime’ has been implemented since March of this year to ensure that strong punishment is imposed on crimes that threaten an unspecified number of people. The crime of public intimidation stipulates that if a person threatens to harm the life or body of an unspecified number of people, he or she will be punished by imprisonment for up to 5 years or by a fine of up to 20 million won. In addition, such a crime carries civil liability in addition to criminal punishment. This is because most of the threats and reports are found to be false, leading to a waste of administrative power. Attorney Kim said, “If a person is found guilty through a criminal court, they will be liable for damages caused by illegal acts under Article 750 of the Civil Act,” and “If the perpetrator is a minor, their parents and other supervisors will be responsible for damages under Article 755 of the Civil Act.” However, Attorney Kim is of the position that it is difficult to view civil action as a realistic solution. He analyzed, “If at least hundreds of millions of won in administrative power is wasted due to the deployment of police, it is virtually impossible for one family to shoulder the national cost, so it is difficult to see it as a realistic recovery measure.” Reporter Kwon Byeong-seok (bsk730@fnnews.com)[View full article] What is the legal application for ‘series of bomb threats’? (Shortcut)

“The fact of whether it is RCPS or common stock has nothing to do with the application of Article 54, Paragraph 1” Shinyoung Securities “Ordinary transaction in line with market price… Not subject to application as an unlisted company” Controversy has arisen after it was revealed that executives and employees used internal information to purchase stocks of startup companies in which Shinyoung Securities had invested in the past in the name of their family members at low prices. Shinyoung Securities maintains that “it is not subject to the Capital Markets Act as it is an unlisted company,” but controversy is growing over whether it violates the Capital Markets Act, with some pointing out that this is an act of financial institution executives and employees taking unfair profits by using internal information. The company in question is Aall Korea, which manufactures metal-organic framework (MOF), a new dehumidifying and antibacterial material. In November 2021, Aall Korea attracted a total of KRW 22 billion in new stock investments from K-Net Unicorn Development Investment Association (KRW 4 billion), Woori Shinyoung Growth Cap No. 1 Private Equity Partnership (KRW 6.5 billion), Shinyoung Securities (KRW 1.5 billion), and NH-Iris ESG New Technology Investment Association (KRW 10 billion). Woori Shinyoung Growth Cap No. 1 is a private equity fund (PEF) established by Woori PE and Shinyoung Securities in 2018, and is currently a financial industry-based investment asset management company with Shinyoung Securities as the representative. In July 2021, the same year, Shinyoung Securities decided to invest 13,428 shares in Aol Korea at 595,800 won per share, worth about 8 billion won. However, during this process, it was confirmed that on June 28, 2021, a Shinyoung Securities executive used internal information to purchase 200 shares of common stock in the name of his family at 350,000 won per share. Then, on July 30, 2021, another employee also purchased 800 shares of common stock at the same price in the name of his spouse. This is about 40% lower than Shinyoung Securities’ official investment price. After the incident occurred, Shinyoung Securities did not file a separate complaint with the Financial Supervisory Service, but only punished the relevant officers and employees with a ‘salary reduction’ in accordance with internal ethical standards. Shinyoung Securities' position is, "We don't know how the executives and employees knew about it and bought the stocks." A Shinyoung Securities official said, "As a result of the investigation from a risk perspective, what Shinyoung Securities acquired was RCPS (Redeemable Convertible Preferred Stock), and what the employee purchased was common stock, which was a normal transaction that matched the market price at the time." He added, "Because it is an unlisted company, it is not subject to the Capital Markets Act." Despite this explanation, the legal community believes that it is difficult to avoid suspicion of violating the Capital Markets Act, as it is judged that executives and employees of the financial institution pursued unfair profits by utilizing internal information. Attorney Ji Min-hee of Daeryun Law Firm said, “For Article 54, Paragraph 1 of the Capital Markets Act to be applied, the following requirements must be met: ‘He must be an executive or employee of a financial investment business, the information must have been known in the course of his duties, the information must have not been disclosed to the outside, and the information must have been used for his/her own/third party’s benefit.’ In this case, since the executive or employee used internal information to purchase the product at a low price in the name of a family member, he or she may be held liable for violating Article 54 of the Capital Markets Act and the obligation to prohibit the use of job-related information.” explained. He continued, “The fact of whether it is RCPS (Redeemable Convertible Preferred Stock) or common stock has nothing to do with the application of the above provisions, and whether it is a reasonable price must be examined. However, even if it is a fair price, it does not affect the fact that internal information was used. Regarding the use of internal information, the decision is made by taking into account various circumstances such as the impact/contribution of the relevant information on the judgment and decision regarding the transaction, the economic situation of the relevant person, the transaction period, and the form or method of the transaction.” In addition, “In the case of Article 174 (prohibition of use of undisclosed important information) of the same Act, the principle is that Article 174 does not apply because it is an unlisted corporation. However, if the unlisted corporation is scheduled to be listed within 6 months or is scheduled to merge with a listed corporation, Article 174 applies,” he said. “Even if it is a corporation to which Article 174 applies, as in the judgment of Article 54 above, common stocks and whether they are at a fair price are important to be undisclosed in and of themselves.” “It does not affect the decision on whether to use the information,” he said.[View full article] [Exclusive] Shinyoung Securities, executives and employees suspected of ‘insider trading’… Purchase of stocks at a low price in the name of a family member (link)

Forming a regular working council for AI-based procurement innovation... Building a long-term cooperation model "We will increase the global competitiveness of domestic companies by combining legal expertise and AI technology capabilities" Daeryun Law Firm announced on the 14th that it has signed a business agreement (MOU) with the Korean Association of Purchasing and Procurement and will begin to establish a professional cooperation system to innovate the domestic procurement system and enter the global market. At the signing ceremony held at Daeryun's Seoul headquarters on the 12th, CEO of Daeryun Kim Kuk-il, representative lawyer Choi Yi-sun, attorney Shin Jong-soo and Korean Association of Purchasing and Procurement Association Hyeong-nam Moon attended the signing ceremony. The president of the academic society, academic committee chairman Lee Chung-hyung, and planning committee chairman Choi Bong-hyuk were in attendance. The Korea Purchasing and Procurement Society, established in 2003, is the only academic organization specializing in procurement and purchasing in Korea. It is leading the way in improving the transparency and efficiency of procurement administration through academic research and policy proposals in the fields of public procurement, purchasing policy, and contract system. In particular, it is active in AI and big data-based procurement data analysis, international procurement system research, overseas procurement network construction, and support for domestic companies' participation in overseas public bidding. Through this MOU, Daeryun plans to form a regular working-level consultative body and establish a long-term cooperation model such as AI-based procurement innovation, international procurement system research, and global partnership expansion. Specifically, ▲ research on laws and policies related to public procurement and purchasing systems ▲ joint development of AI-based procurement data analysis and contract risk prediction system. ▲We plan to cooperate in various fields, including holding policy forums, seminars, and academic conferences. Hyeong-Nam Moon, President of the Korea Purchasing and Procurement Society (Dean of the Global Convergence College at Sookmyung Women's University), said, "Innovation in public procurement begins with the combination of technology and policy. In particular, by utilizing cutting-edge technologies such as AI, a data-based, transparent and efficient procurement system can be implemented." He added, "This agreement will be an important turning point in improving the competitiveness of our companies on the global procurement stage." The management representative said, "By combining Daeryun's legal expertise in the procurement and purchasing field with AI technology, we will help domestic companies demonstrate competitiveness in the global market together with academic societies. We will lead to actual strengthening of competitiveness through data-based preliminary inspection and risk management." Meanwhile, Daeryun provides customized advice in specialized fields such as public procurement, international contracts, and intellectual property rights, and provides integrated legal solutions to strengthen the competitiveness of domestic and foreign companies. Reporter Kim Nam-ha (skagk1234@dailian.co.kr)[View full article] Dailyan - Daeryun, MOU with Korea Purchasing and Procurement Society... “Combining legal expertise and AI technology capabilities” (link) NSP Communications - Korea Society of Purchasing and Procurement signed MOU with Daeryun Law Firm (Click here)

Daeryun Corporate Law Group announced on the 14th that it signed a business agreement (MOU) with Bridgecode, a financial advisor specializing in M&A for small and medium-sized venture companies, to strengthen corporate financial services. The signing ceremony was held at the Daeryun Seoul headquarters and Yeouido branch office on the 12th, and key figures including Daeryun CEO Kim Kuk-il, CEO Choi Yi-seon and Bridgecode Director Lee Jun-myeong attended. Bridgecode targets companies. It is a financial company that provides M&A services and has a network in 9 global countries, including Japan, Singapore, and India. In addition, it supports an automated brokerage platform through the M&A exchange, and during the corporate acquisition process, experts from large financial institutions such as Mirae Asset Securities and Samsung Securities and accounting experts are deployed to provide customized M&A solutions throughout the entire process, including △ corporate value assessment △ transaction structure design △ buyer discovery. 1,600 cases per year. Bridge Code, which has more than 1.9 trillion won in M&A inquiries and 1.9 trillion won in sales advisory performance, also obtained the highest grade, S, in the M&A advisory agency evaluation hosted by the Ministry of SMEs and Startups in January of this year. Daeryun Corporate Law Group has specialized centers for corporate mergers and acquisitions (M&A), corporate advisory, and asset management, and professional lawyers with abundant experience and practical skills in fields such as corporate law, intellectual property rights, and finance provide customized legal services to customers. We plan to provide comprehensive advisory services for the development of Bridgecode's global business, and help build an upgraded advisory process by combining legal services and financial expertise. Through this agreement, the two companies will share insights on M&A-related work such as corporate due diligence, valuation, and accounting advice, and provide △ legal advice on contracts, investments, and negotiations △ legal due diligence support in the investment, acquisition, and sale process △ corporate finance legal and tax risk management. We plan to △hold legal, tax, and accounting education seminars for customers △cooperate in joint advancement into domestic and overseas markets. Bridge Code Director Lee Jun-myeong said, “I am very excited to have signed a business agreement with Daeryun, one of the major domestic law firms,” and added, “I am glad that through this agreement, we will be able to more systematically manage legal risks that may arise during the M&A process. We will provide safer and more successful M&A solutions to customers by utilizing the expertise of both companies.” Daeryun CEO Kim Kuk-il said, "M&A is an area where legal stability is as essential as financial analysis. By combining Bridge Code's overwhelming M&A advisory capabilities with Daeryun's innovative system, we will become a strong partner for corporate customers." Eunhye Lee (zhses3@joseilbo.com)[View full article] Daeryun Law Firm signs MOU with Bridge Code... Strengthening corporate financial services (click here)

Forced physical contact and kissing at company dinners... “It was just a matter of encouragement,” refuted, “It is difficult to believe the specificity of the statement,” Objected to the decision not to send it… The prosecutor's prosecution and trial department said, "The victim's statement is consistent in major parts... the will of promotion was exploited and the crime was bad." A public official in his 50s who molested a subordinate at a dinner party was sentenced to prison. On the 12th, the Daejeon District Court Cheonan Branch sentenced a man, Mr. A, who was indicted on charges of forcible harassment to six months in prison. In addition, he was ordered to complete a 40-hour sexual violence treatment program and be restricted from employment at child and youth-related institutions for two years. Mr. A, who was working as a team leader at a government-affiliated organization, was accused of pulling the hand of Mr. B, a subordinate, and placing it on his thigh at a dinner party in 2023, and asking, “Can I kiss him?” At the time, Mr. B was talking about promotion with Mr. A and said, “If there is anything I don’t know, please let me know. Team leader.” He claimed that he made a statement to the effect of “Please help me,” and that Mr. A approached him, whispered, and asked, “Can I give you a kiss?” He also emphasized that even when the two of them were alone after the company dinner, Mr. A asked for physical contact under the pretext of a promotion, saying, "Please show me your faith. I will do my best only if you show me your faith." Mr. A completely denied the charges. At the time, the company dinner was for some employees, including the victim, who was discouraged by missing out on promotions, and he explained that Mr. B, who was sitting next to him, suddenly grabbed his hand and tapped the back of his hand once or twice as encouragement. At the same time, he explained that he did not mention the kiss to Mr. B. The police who initially investigated the case decided not to send the case. The reason was that there was not enough evidence. The police explained the reason for the acquittal by saying, “The victim’s statement was not specific, and it was unnatural based on experience for the suspect to hold the victim’s hand and offer to ‘kiss’ while his colleagues were sitting across from each other, and the colleagues did not see the damage either.” Mr. B, who did not accept this, filed an objection. Immediately after the incident occurred, Ms. B talked to her husband on the phone and told the company in detail about what happened at the company dinner, and immediately reported this to the company the next day. The purpose is that this contains specific details that cannot be stated unless one has directly experienced it. The prosecution, which took over the case, found Ms. B's statement credible and sent Mr. A to trial. The court sentenced Mr. A to six months in prison and placed him under court custody. The court said, “The victim provides detailed statements about the circumstances of the incident, the circumstances of the damage, and the defendant’s actions, and the main parts of the content are consistent.” He also added, “Even if you look at the phone call between the victim and his spouse immediately after the crime, it contains the statement, ‘The defendant asked to kiss.’” The court continued, “Although it appears that the employees across from him were unaware of the defendant’s actions, the hands of the defendant and the victim were under the table, so there is a possibility that the witness’ gaze could be obstructed by the table.” At the same time, “The defendant tried to take advantage of the victim’s desire for promotion, so the crime was bad and there was no serious reflection, and the victim also did not show any serious remorse.” “We are pleading for severe punishment.” He stated the reason for the sentencing. Attorney Daeryun Yoon of the law firm representing Mr. B said, “The Supreme Court believes that the credibility of the statements of sexual crime victims should not be rashly rejected unless the main parts are consistent and there are no irrational or contradictory parts compared to the rules of experience, and there is no motive to make false statements against the defendant.” He explained, “I was able to receive a prison sentence after indictment by emphasizing that there was no reason to make an unfavorable statement against Mr. A in a situation where he was trying to get promoted.” Reporter Kim Jong-cheol (jckim99@sportsseoul.com)[View full article] A boss who harassed a subordinate who wanted a promotion by asking, “Can I kiss him?” Sentenced to 6 months in prison (link)

Recently, the domestic construction industry is literally in a dilemma. According to the '2025 Revised Economic Outlook' announced by the Bank of Korea in June, the growth rate of construction investment this year was predicted to be -6.1%. This is the lowest figure since -13.2% during the 1998 foreign exchange crisis. This is also revealed in the scale of wage arrears. The amount of wage arrears in the construction industry, which had been decreasing until 2021, turned to an increase in 2022 when the construction economy slowed down, and increased by about 49% to 436.3 billion won in 2023 compared to the previous year. In this reality, the current Labor Standards Act imposes heavier responsibilities on the main contractor considering the subcontracting structure of construction sites. A representative example is Article 44-2 of the Labor Standards Act. This provision stipulates that even if a subcontractor other than the construction business fails to pay wages, the immediate subcontractor is also jointly and severally liable. This is a ‘no-fault liability’ structure that holds the original contractor responsible even if there is no direct fault. Because of this, the main contractor takes on unpredictable legal risks in areas that are difficult to directly manage and supervise. For example, let's assume that construction company A, the main contractor, entrusts the construction to company B, and then subcontracts it to company C, a human resources company that is not registered as a construction business. If Company C, which actually recruits and manages construction workers, fails to pay wages due to management difficulties, responsibility extends beyond Company B, which signed a contract with Company C, to Company A, the highest-ranking contractor. As Company A, it is shackled to be responsible for the wages of workers with whom it has no direct contractual relationship. Ultimately, in order for the main contractor to survive in such a tight legal liability network, much more specific and realistic defense measures are needed beyond simply writing a good contract. The following three options must be considered: First, actively utilize the direct payment system for subcontracting payments. Second, clearly establishing a unit price adjustment process according to price fluctuations. Lastly, it is important to carefully review the subcontractor's financial soundness before signing the contract. First and foremost, the direct payment system for subcontracting is an effective device that allows the main contractor to prevent legal disputes due to non-payment of wages or non-payment of payments in advance by paying subcontracting payments directly to workers or material and equipment suppliers rather than to intermediate recipients. In addition, in private construction, even if it is not a contractual obligation, the chain of joint liability that may arise in the future can be broken through the direct payment system. In addition, by checking the actual number of days worked and wage payment details of workers in real time through an electronic commuting system or mobile wage management platform, it is possible to fundamentally prevent payment omissions or delays. Second, if the burden on subcontractors increases due to design changes or a surge in raw material prices during construction, it is important to prepare a unit price adjustment process in advance to reflect this. By regularizing cost review meetings every quarter and specifying in the contract that unit price negotiations will automatically begin when material prices rise above a certain standard, the possibility of disputes over increased construction costs can be greatly reduced. In addition, by introducing a unit price adjustment model based on risk and comprehensively scoring the above items, a more reasonable and predictable contract is possible. Lastly, it is fundamental to thoroughly review whether the supplier is registered as a construction business and its financial soundness. In order to understand this, it can be prevented by mandating the submission of a construction business registration certificate and setting up wage payment guarantee insurance as a mandatory requirement of the contract. This goes beyond simply avoiding legal responsibility. This is because joint liability for non-payment of wages is not a one-time cost that damages one line of the main agency's financial statements, but a serious management risk that directly leads to long-term loss of trust and decline in brand value. In the construction industry, as the construction period is long and stakeholders are complexly intertwined, a single non-payment incident will affect the competitiveness of receiving orders and financial creditworthiness for years to come. Therefore, in order to prevent unpredictable financial losses and protect the trust of the field, organization, and market, 'prevention' is the best defense strategy and the only survival strategy. Small and Medium Business Team[View full article] Construction industry in 'historic recession'... What is the agency’s risk response strategy? (Shortcut)

A driver in his 30s who was accused of insurance fraud by an insurance company after colliding with a co-worker's car that slipped and was parked while stopped on a downhill road was acquitted. Gangwon Hongcheon Police Station was found not guilty on charges of violating the Special Act on Prevention of Insurance Fraud on the 10th of last month. A decision was made not to send the booked man, Mr. A, in his 30s, without charges. Previously, Mr. A stopped his cargo vehicle at a construction site in Hongcheon, Gangwon-do in November 2024. However, the vehicle with the ignition on slid downhill and hit the vehicle of Mr. A's colleague, who was parked in front of him. There were no casualties in this accident, but Mr. A's cargo vehicle was severely damaged, resulting in property damage amounting to 16 million won. Accordingly, Mr. A reported the accident to Insurance Company B for insurance processing, and Insurance B reported that Mr. A intentionally caused the accident to receive insurance money and sued Mr. A. Insurance Company B sued Mr. A. It was based on the National Forensic Service's appraisal report. It is said that the appraisal report contains analysis results showing that there is a high possibility of an intentional accident. Mr. A denied all charges, claiming, “Insurance Company B filed the complaint without conducting a proper investigation into the situation at the scene or the circumstances surrounding the accident at the time of the accident.” The police also decided not to forward the case, finding that Mr. A was not guilty. The police said, “There is no special evidence that can be considered insurance fraud.” Lee Ji-yeon, a lawyer at Daeryun Law Firm who represented suspect A, explained, “After proving the cause of the accident based on the results of analysis of the situation just before the vehicle collision, the reason the impact was alleviated, and the area of the collision, we were able to conclude that there were no charges.” Attorney Lee Ji-yeon also said, “As Mr. “If the insurance company had conducted an accurate investigation into the accident, they would have immediately known that this accident was not intentional,” he added. Law Leader Reporter Son Dong-wook twson@lawleader.co.kr Man in his 30s sued for insurance fraud suspected of intentional traffic accident... ‘Not guilty’ (Shortcut)

Startup Company A receives investment funds and invests in Bitcoin... Afterwards, startup company B filed for bankruptcy, received investment from a VC, and then moved its business partner to a representative private corporation, effectively making the bankrupt venture industry “a case of violation of the duty of good faith… It must be resolved.” Startup company A is in the middle of a lawsuit with a venture capital (VC). This is because Company A used the investment funds to purchase cryptocurrency such as Bitcoin, contrary to the contractual purpose. VC filed a civil suit against Company A, requesting restoration of funds and compensation for damages. The criminal case filed charges of embezzlement or breach of trust. Previously, VC signed an investment contract with company A that imposed joint and several liability, joint guarantee liability, penalty for breach of contract, etc., but it was not enough to prevent the misappropriation of investment funds. After receiving investment from VC, startup company B transferred all clients of the existing corporation it pioneered to its new corporation. Investors filed civil and criminal lawsuits for violation of non-competition obligations and trade secret obligations, saying that as a result, the existing corporation's debt rapidly increased and it eventually filed for bankruptcy. According to the venture investment industry on the 13th, the worries of VCs and investors are deepening as some startups have recently intentionally filed for bankruptcy after using investment funds for personal purposes. This is because when a corporation goes bankrupt, the corporation and its debts disappear together, making it difficult to recover the investment. Kim Won-sang, senior attorney at Daeryun Law Firm, said, “There are often cases where corporate bankruptcy is filed for the purpose of seizing the corporation’s assets.” Attorney Kim said, “As long as it falls under legal excess debt (debts are greater than assets), the corporation can be declared bankrupt, and the corporation’s debts are extinguished as there is no separate exemption decision (decision that the remaining debt must be repaid). “It is abuse,” he explained. Although he did not intentionally file for bankruptcy, there are cases where the moral hazard of the individual representative was an issue. ‘Noda Lab’, a big data-based B2B trade transaction platform established in 2021, is planning to go through bankruptcy procedures. This is because the CEO fled abroad after using the investment funds without going through legal procedures. A VC who previously invested in Noda Lab believed that the company CEO had misappropriated the funds for personal purposes and raised the issue with the representative. The CEO reportedly returned the funds, claiming that he had used them for the company and not for personal purposes. However, the CEO is still absent, preventing the corporation from going through bankruptcy procedures. In 2023, Yoo Jeong-beom, CEO of Vroom operator Mesh Korea, withdrew and spent a total of 3 billion won without permission from the board of directors or court while the company was undergoing corporate rehabilitation procedures due to worsening liquidity. In July of this year, the court sentenced CEO Yoo to four years in prison on charges of breach of trust. The problem is that if the moral hazard of startups continues, the trust of VCs and investors will decline, which will likely weaken investment sentiment. One startup official said, “Investment in startups is just expanding, and I am concerned that the moral hazard of individuals will decrease the trust of VCs and weaken investment sentiment.” There is also a view that it is just a deviation of some individuals. An official familiar with the startup industry said, “With the launch of Korea Venture Investment since 2005, the government’s management and supervision functions have been strengthened, and in the private sector, accelerators (ACs) have emerged and close management is in place.” He added, “As most startup CEOs are conscientiously focusing on the growth of their companies, I hope that some cases are not seen as the whole.” Experts point out that individual self-purification is more important than supplementation through systems. One venture capital official said, “The CEO “If the duty of good faith is not fulfilled, the VC that manages the risk has no choice but to tighten the management,” he emphasized. “As this ultimately imposes sanctions on the founder’s active start-up activities, personal self-purification is necessary.” Reporter Kim Jeong-eun (xbookleader@chosunbiz.com)[View full article] Buy coins with investment money and file for bankruptcy... VCs hit hard by ‘intentional bankruptcy’ startups (Shortcut)

A construction company that was suspected of concluding a subcontract without the contractor's permission was cleared of charges. The Suncheon Police Station in South Jeolla Province decided not to forward Mr. A, the representative of a construction company in his 50s, who was booked on charges of violating the Framework Act on the Construction Industry on the 7th of last month. After receiving a subcontract for a new logistics center construction project from a construction company in 2022, Mr. A was accused of subcontracting to another construction company without the supplier's permission. According to Article 29, Paragraph 3 of the Framework Act on the Construction Industry, subcontracting is prohibited in principle, but when there is a need to increase construction efficiency, subcontracting is possible as an exception with written consent from the contractor. The Busan Regional Construction Management Office of the Ministry of Land, Infrastructure and Transport reported that Mr. A did not receive written consent during the subcontracting process and requested a complaint from the relevant agency. Mr. A reimburses in the event of non-payment of payment by the supplier when signing a subcontracting contract. He denied the charge, saying that he had received a payment guarantee agreeing to the method, but that this in fact amounted to written consent. The police accepted Mr. A's claim and decided not to forward the case. The police said, "The Framework Act on the Construction Industry prohibits subcontracting and requires written consent as an exception, but does not even stipulate a form or format for consent," and added, "It is confirmed that the supplier knew and approved it as a subcontract, even in the contents written in the guarantee, so the suspect is suspected. “There is not enough evidence to admit it.” Oh Sang-wan, a lawyer at Daeryun Law Firm who represented Mr. A, added, “Since the Framework Act on the Construction Industry only stipulates ‘agreement in writing,’ implied consent may also be permitted.” He added, “Even if the ‘agreement to subcontract’ content is not directly stated in the warranty, the obligation to agree in writing can be seen as being satisfied because the intention to agree to this was included.” Go Woori (wego@ikbc.co.kr)[View full article] Construction company acquitted on suspicion of subcontracting... "There is no set format for 'written consent'" (Shortcut)

Daeryun Law Firm (Limited) is attracting attention by providing legal support for young people who have been harmed by crimes by impersonating them. According to the legal community on the 11th, Daeryun submitted a letter of appointment as a lawyer to the Daegu Seongseo Police Station on behalf of Mr. A, in his 20s, who was recently a victim of fraud on a second-hand trading platform. Mr. A suffered fraud while disposing of a luxury bag through Carrot Market, a second-hand trading platform, around June of this year. The unidentified buyer contacted Mr. A through an external channel. Mr. A, who had induced a transaction and needed to quickly dispose of the product at the time, responded to the offer and was defrauded worth 8 million won. The problem is that while looking for a law firm for legal action, Mr. A fell victim to a fraudster impersonating Dae-ryun again. The other party is known to have impersonated a Dae-ryun counselor and embezzled money under the pretense of accepting a civil or criminal case. After hearing Mr. A's sad story, Dae-ryun took on Mr. A's case. We decided to provide legal support. Attorney Young-kyung Ko of Daeryun's Gwangju branch office, who represented Mr. A, said, "I couldn't help but be angry when I heard that Mr. A, who had been going through a difficult time due to fraud, suffered secondary damage from an impersonator who impersonated our company." He added, "I want to make every effort to take additional procedures to alleviate Mr. A's injustice." Daeryun will continue to provide legal support to victims of crimes impersonating Daeryun, such as Mr. A. The plan is to provide a variety of legal support to young people and the underprivileged who are experiencing difficulties. Go Woori (wego@ikbc.co.kr)[View full article] Daeryun Law Firm helps victims of ‘Daeryun impersonation fraud’ (Click here)