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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.

Money S
2025-04-03
20여차례 교통사고 내 보험금 1400만원 챙긴 30대… 법원 '무죄'
A man in his 30s who received 14 million won in insurance money after 20 traffic accidents... Court 'not guilty'
A man in his 30s who was put on trial on charges of causing about 20 traffic accidents over 10 years and stealing 14 million won in insurance money was found not guilty. Criminal Division 5 of the Jeonju District Court found Mr. A (34) not guilty on the 19th of last month on charges of violating the Special Act on Insurance Fraud. Around February 2023, Mr. A is accused of intentionally hitting Mr. B's vehicle, which violated a red light, at an intersection in downtown Jeonju, causing an accident, and pocketing millions of won in insurance money from insurance companies. As a result of the investigation, it was confirmed that Mr. A was involved in a total of 27 traffic accidents over a 10-year period, and that the insurance money received by Mr. A was over 14 million won. Mr. A denied the charges and pleaded not guilty. Mr. A's side emphasized, "The accident was only caused by the other vehicle violating the Road Traffic Act," and "There were almost no accidents other than this incident that were caused by Mr. A's negligence." The court also accepted Mr. A's claim and declared him not guilty. The court ruled, "The fact that the frequency of accidents is somewhat higher than that of ordinary car insurance policyholders does not mean that Mr. A has an intention to evade insurance money." Mr. A's legal representative, attorney Cho Won-jin of Daeryun Law Firm, said, "Mr. A's accident was a common accident that can occur in everyday life, and the other vehicle's fault ratio was much greater." He explained, “I may have been negligent in failing to fulfill my duty of care as a driver, but I did not cause the accident to collect insurance money.” He added, “We were able to safely be found not guilty by emphasizing that there was no intention to evade insurance money.” Reporter Hwang Jeong-won (jwhwang@mt.co.kr)[View full article] A man in his 30s who received 14 million won in insurance money after 20 traffic accidents... Court 'not guilty' (link)
Seoul Newspaper
2025-04-03
대륜, “법률 서비스 질 향상”…송무본부 신설·글로벌 로펌 시스템 도입
Daeryun, “Improving the quality of legal services”... New litigation headquarters established and introduction of global law firm system
Daeryun Law Firm announced on the 3rd that it will establish a new Litigation Management Headquarters and advance its operation method by benchmarking advanced overseas legal systems. The purpose is to differentiate itself from network law firms, which have been controversial due to issues such as excessive fees, and to provide optimized services to individual and corporate customers by minimizing errors that may occur during the case process. Since opening as Daeryun General Law Office in 2016, Daeryun has entered the top 10 law firms based on sales in the shortest period of 9 years. Last year's sales amounted to 112.7 billion won, a 60% increase over the previous year. Daeryun believes that this growth has been possible by introducing lawyers dedicated to counseling, assisting with team-based cases, and establishing a system that leads to customer satisfaction. Daeryun has introduced and is operating a one-firm system in which the main office manages cases filed at branch offices across the country. When a consulting lawyer communicates directly with the client and accurately analyzes the contents of the case, an optimized lawyer is assigned to each case, and a dedicated team is also formed when necessary. Through this system, Daeryun's policy is to utilize the expertise of each lawyer and simultaneously increase client satisfaction. In addition, by recently establishing the Litigation Management Headquarters, we are focusing on improving the quality of legal services. The Litigation Management Headquarters is a group that commands and supervises the overall litigation administration. It is comprised of three management departments: civil affairs/departmental affairs, criminal affairs, and housekeeping/litigation service management. If a case is designated as a litigation guidance management case under the ex officio authority of the head of the division, the group's lawyers participate in the role of the actual general division head, preventing poor defense, missing information, and lack of progress explanations, which are problems in some law firms, and minimizing communication errors with clients. Daeryun also transplanted the system of Baker & McKinsey, the world's largest law firm, to suit domestic circumstances in order to establish a global forum infrastructure. Senior lawyers in the entire department are directly involved in cases, including attending investigations and appearing in court, and operate in a structure similar to the case handling process of large American law firms. Based on this strategy, we have established cooperative relationships with leading overseas law firms. Representative examples include signing MOUs with Korini, an American real estate comprehensive solution platform, and Verivest, a large Japanese law firm. Based on this, we are increasing customer accessibility and convenience by setting up offices in major cities around the world. We also plan to provide a special lecture on management strategies utilizing this experience to law school students within the year. Kim Kuk-il, CEO of Daeryun Management, said, “Some law firms often borrow only the name of a lawyer, but Daeryun takes charge of the entire process in many cases.” He added, “Through the main office management system, you can receive high-quality legal services anywhere in the country, and we will do our best with the goal of 100% client satisfaction in the future.” Reporter Jeong Cheol-wook[View full article] Seoul Shinmun - Daeryun, “Improving the quality of legal services”... Establishment of a new litigation headquarters and introduction of a global law firm system (Click here) Legal News - Daeryun Law Firm establishes Litigation Management Headquarters (Click here)
Chungcheong Newspaper
2025-04-03
[Q&A] 대법 판례 바뀐 통상임금, 우리 회사도 영향 받을까?
[Q&A] Will our company be affected by the change in the Supreme Court precedent on ordinary wages?
In December 2024, the Supreme Court's plenary ruling ruled to abolish the 'fixity' requirement of ordinary wages. As a result, various allowances, such as regular bonuses and regular bonuses with conditions of employment or working days, that were previously excluded from ordinary wages, can now be included in ordinary wages, which is expected to have a significant impact on both employers and workers. From the company's perspective, overtime, night, and holiday work allowances, annual leave allowances, etc. must be recalculated based on the new standard. There has been a burden, and we are in a situation where we need to overhaul the existing wage system on a large scale. In particular, industries with a high proportion of allowances, such as manufacturing and finance, are expected to see an increase in both legal risks and labor cost burdens. On the other hand, workers are expected to see wage increases in the short term, but in the long term, they may face new risks such as job instability or a shift to a performance-based compensation structure. Chungcheong Newspaper met with Kim Jeong-beom, an attorney specializing in labor law at the Daejeon branch office of Daeryun Law Firm, and started with the basic concept of ordinary wages. The impact of the change in Supreme Court precedent and the specific response measures that companies should take in practice were summarized in a Q&A format.Q. The terms ‘compensation for small-time work’ and ‘fixity’ are unfamiliar. What does it mean if you summarize it in an easy-to-understand way for the general public?A. 'Predetermined work compensation' refers to the compensation that workers receive for the hours they promise to work (prescribed working hours), that is, basic pay and regular allowances. 'Fixity' refers to an amount determined in advance without certain conditions, and with this ruling, this requirement has been excluded, allowing it to be included in ordinary wages even if employment conditions are attached. Q. If the normal wage range is expanded, will it also affect the minimum wage calculation?A. Although there is no direct impact, the wage items included may vary when determining whether or not to comply with the minimum wage. In the case of the performance-based salary system, whether or not ordinary wages are included depends on the volatility and fixity, and the wage peak system may require recalculation of allowances based on the reduced wage. Q. Which industries will be most affected by this ruling?A. This includes manufacturing, finance, transportation, and health care industries. These industries have a high proportion of regular bonuses and allowances and frequent shift work, so if the method of calculating normal wages is changed, the burden of increased labor costs is high.Q. Does this precedent have an impact on labor-management negotiations?A. Of course. Reorganization of the basic salary-centered wage system, attempts to expand performance bonuses, and negotiations over past unpaid allowances may occur. Conflicts between labor and management may increase over the reorganization of wage items.Q. Is this ruling unconditionally favorable to workers?A. In the short term, it may be advantageous due to an increase in statutory allowances. However, if a company pursues a response strategy such as reducing overtime or converting to performance bonuses, long-term wage stability may decline.Q. What countermeasures should a company consider first?A. Examining the wage system and reviewing whether allowances include regular wages Recalculating statutory allowances such as extensions and night allowances Revising employment rules and collective agreements Establishing a mid- to long-term wage structure reform strategy Strengthening sufficient communication with workers Q. What role does Daeryun Law Firm’s ordinary wage task force play?A. The TF team, launched immediately after the ruling in December 2024, is composed of labor lawyers and labor attorneys and is focusing on minimizing legal risks for companies. It provides all-round support, including diagnosis of ordinary wages, advice on recalculation of statutory allowances, consulting on wage system reform, support for labor-management negotiations, and response to legal disputes. Reporter Kim Mi-young (kmy@dailycc.net)[View full article] [Q&A] Will our company be affected by the change in the Supreme Court precedent on ordinary wages? (Shortcut)
My Daily
2025-04-02
법무법인 대륜, 눈에미소안과의원과 MOU 체결
Daeryun Law Firm signed an MOU with Nune Smile Eye Clinic
Daeryun Law Firm announced on the 3rd that it signed a business agreement (MOU) with Nunemiso Ophthalmology Clinic. This agreement was held at the headquarters of Nunemiso Ophthalmology Clinic on the 1st with the attendance of key officials including Daeryun Kim Kuk-il, attorney, Park Seong-dong, Nunemiso Eye Clinic CEO Koo Jin-jin, and Director Kim Min-sook. Nunemiso Ophthalmology Clinic is a representative medical institution specializing in vision correction with extensive experience and high level of expertise in the field of Smile LASIK surgery. We are providing patient-centered medical services based on technology. Through this agreement, Daeryun plans to provide legal advice to Nunemiso Eye Clinic, and Nunemiso Eye Clinic has decided to provide discounts on vision-related medical services to Daeryun executives and employees. Hyeong-jin Koo, CEO of Nunemiso Eye Clinic, said, “We are pleased that the agreement with Daeryun is based on legal trust,” and added, “In particular, based on the know-how accumulated in the field of Smile LASIK, Daeryun will provide discounts on vision-related medical services.” “We will provide the best medical services to our executives and employees,” said Kim Kuk-il, CEO of Daeryun Management. “Daeryun has a medical pharmaceutical group with a large number of medical lawyers, including doctors, oriental medicine doctors, and pharmacists, and a corporate legal group that can provide comprehensive advice on hospital management.” He added, “We will work with experts in each field to deliver customized legal services for medical institutions and help Nunemiso Eye Clinic operate a stable medical service.” To keep up with demand, we have significantly strengthened the pharmaceutical rebate response team and medical pharmaceutical group by recruiting legal experts familiar with various fields such as pharmaceuticals, bio, healthcare, and fair trade. Reporter Cheon Ju-young (young1997@mydaily.co.kr)[View full article] Daeryun Law Firm signed an MOU with Noone Smile Eye Clinic (Click here)
Maeil Ilbo
2025-04-02
[기고] 수사초기, 어떻게 방어할 것인가
[Contribution] How to defend yourself in the early stages of an investigation
The criminal case process is largely divided into the investigation stage and the trial stage based on the prosecutor's indictment. The investigation stage is further divided into before and after the case is transferred to the police, and progresses into the police stage and the prosecution stage. In practice, you often come across clients who seek a lawyer only after they have already been investigated by the police. The person in question considers it as simply a one-time investigation, but from a lawyer's perspective, there are many cases where a major turning point in the case has already been passed. Since the trial begins with the prosecution's indictment, the general public often overlooks the importance of responding early to the investigation. But the reality is not like that. There are many cases where the outline and direction of the case are largely determined at the beginning of the investigation, especially at the police stage. Whether or not to admit the charges, what statement to make and how to make it, and the attitude and expression of each statement have a great impact on whether or not to be prosecuted and future defense strategies. In particular, if the statement is inconsistent or inconsistent, the credibility of the person's entire statement is bound to be shaken. In fact, even though it was a similar case, there are many cases where the person received legal assistance in the early stages to organize the facts, submitted a written opinion to the investigative agency, and continued to make consistent arguments, resulting in a disposition of ‘no charges’ or ‘suspended prosecution.’ Conversely, if the suspect has been investigated alone several times and then belatedly hires a lawyer, the unfavorable statements have already been recorded and the room for defense is greatly reduced. In some cases, out of embarrassment, a person recklessly denies the charges, but later changes his position and admits to the crime, thereby losing the important sentencing element of ‘cooperating with the investigation from the beginning.’ In this way, the initial response to the investigation is completely different from the perception that “all you have to do is undergo the investigation.” Once a statement is made, it cannot be easily taken back, and a single expression written in the record can have a significant impact on legal interpretation. Therefore, before engaging in an investigation by an investigative agency, it is advisable to clearly organize one's position and make a statement after receiving a sufficient explanation of the legal structure and issues of the case. Therefore, it is necessary to recognize that it is necessary to receive legal assistance before being investigated. The sooner you start your defense strategy, the better, and it is important to remember that the criminal process begins before the investigation, not after the indictment.[View full article] [Contribution] How to defend yourself in the early stages of an investigation (Shortcut)
Loishu
2025-04-02
억울하게 뒤집어 쓴 성범죄, 변호사 조력으로 혐의 벗어나야
Sexual assault committed unfairly, must be avoided with the help of a lawyer
Mr. A, an office worker living in Busan, was implicated in a sex crime after drinking and falling asleep with a coworker with whom he was close. A co-worker filed a complaint against Mr. A, and the prosecution handed Mr. A over to trial based on the victim's statement. However, the Busan District Court found Mr. A not guilty, saying there was insufficient evidence. Sexual crimes vary slightly depending on the case, such as forcible molestation, quasi-rape, and rape, but they are generally punished strongly as they are included in the 'three major violent crimes.' Even for the crime of quasi-forcible molestation, a person can be sentenced to imprisonment for up to 10 years or a fine of up to 15 million won, and for rape, the sentence consists only of imprisonment without a fine for a fixed term of more than 3 years. However, since sexual crime cases mainly occur in closed places, it is difficult to secure objective evidence in most cases. Therefore, the victim's statement is often the only evidence, and it is also difficult for the suspect to prove his innocence when he is placed in an unfair situation. If he is unfairly accused even though he did not commit a sex crime, a response strategy must be systematically developed. Above all, it is important to argue logically. Even those claiming innocence must have their credibility recognized by investigative and judicial authorities through consistent statements. In addition, they must secure as much data as possible to clear the charges. The key is to collect data that can prove the circumstances of the incident, such as CCTV, message records, and phone call recordings, and to find any parts that contradict the victim's statement. In addition, if you are charged with sexual harassment, you must claim that there was no intention. The court determines guilt by considering the location of the crime, the reason for physical contact, the surrounding circumstances, and the circumstances of the report. Accordingly, it must be proven that the contact was unavoidable through verification of the situation, such as a specific simulation. In the previous case, Mr. A consistently denied the charges with the help of a sex crime lawyer. In addition, the circumstances of exchanging messages with the victim as usual immediately after the incident were presented as evidence. In addition, he was able to get rid of the charges by emphasizing that there were contradictions between the victim's statement and the witness's remarks. Attorney Lee Seung-ho of Daeryun Law Firm's Busan headquarters branch office said, "If you are involved in a sex crime, you need a careful approach and strategic response from the early stage with an expert. Furthermore, if it is revealed that the charge originated from a false claim, you can also receive legal response related to false accusation." “It’s good,” he said. Reporter Gayoung Jin (lawissue) (news@lawissue.co.kr)[View full article] Sexual crime wrongfully accused, must be relieved of charges with the help of a lawyer (Shortcut)
lowrider
2025-04-02
‘초기 진단부터 정확하게’···대륜, ‘법률 종합병원’ 모토로 법률서비스 차별화
‘Accurately from the initial diagnosis’...Daeryun differentiates legal services with the motto of ‘general legal hospital’
Systematic case diagnosis and assignment of customized experts like a general hospital... Establishment of an ‘integrated law firm’ system “Strengthening expertise in all fields... We will spare no effort in providing thorough legal support from initial consultation to resolution” The paradigm of legal services is changing. In the past, it was common for an individual lawyer to take charge of the entire litigation process from consultation to trial, but now, as the complexity of cases increases, such as civil disputes turning into criminal cases or corporate disputes being linked to violations of the Fair Trade Act, the need to provide comprehensive legal solutions is emerging. In this trend, nine years ago, Daeryun Law Firm emerged with a differentiated positioning as a ‘general legal hospital’ and attracted the attention of the industry. Just as in a general hospital, multiple specialists collaborate to comprehensively diagnose and treat the patient's condition, Daeryun also has a system in which various experts come together to provide customized legal services in a one-stop manner. Based on this, Daeryun ranked 9th in the law firm industry's sales in 2024 within 9 years of its establishment and became one of the 'Top 10 Law Firms'. Kim Kuk-il, CEO of Daeryun Law Firm, said, "General hospitals provide medical services for accurate disease diagnosis. “Emergency medicine and pathology doctors identify the patient's symptoms through consultation and assign a specialist accordingly,” he said. “Because early diagnosis is important in legal matters, we are focusing on accurately understanding the essence of the problem, and analyzing the characteristics of each case and assigning the right expert.” In fact, within the law firm Daeryun, a lawyer who only provides legal consultation is in charge of the first consultation in order to accurately and quickly identify issues in the early stage. This is a method in which a lawyer with experience in cases in various fields accurately diagnoses the case and suggests the optimal solution. CEO Kook-il Kim said, “Through consulting attorneys, you can not only provide solutions but also proactively receive legal advice on related legal risks.” In addition, law firm Daeryun has established itself as an “integrated law firm” by reorganizing its own dividend system. After the consulting attorney's diagnosis of the case is completed, experts specialized in each field, including civil and criminal affairs, as well as corporate legal affairs, finance, intellectual property rights, and debt collection, are assigned to help resolve the case. The system has been reorganized so that customers, including corporations, can receive all necessary assistance within the law firm without having to move to multiple law firms. The advantage is that a comprehensive response is possible in a wide range of fields based on the expertise secured by recruiting experts in various fields such as taxation, accounting, and international trade. Furthermore, by establishing a close collaboration system between the main office in Yeouido and 42 branch offices nationwide, the direct distribution system through the main office control tower has been advanced so that experts specialized in the case are assigned even if consultation is received from anywhere. This is a system that was established from the beginning of the law firm Daeryun's establishment in order to overcome the limitations of the existing legal market, where there is a gap in the quality of legal services between Seoul and other regions. “The purpose of customers coming to the law firm is to win their cases through legal support,” said Ko Byeong-jun, CEO of the law firm Daeryun. “It is a system for customers who were previously limited in the choice of lawyers within a small region to optimally match an experienced and professional lawyer to their case beyond regional limitations.” “At Daeryun, among hundreds of lawyers, a single team that includes the lawyer who is best suited to the client’s case takes charge of the case, establishes a progress strategy, and proceeds.” said Go Byeong-jun, the general manager and managing attorney, “Daeryun considers the rights and interests of clients as its top priority, and with the motto of being a ‘general legal hospital,’ we have made Daeryun what it is today by continuously strengthening our expertise so that we can resolve cases in any field in one place at Daeryun.” “We will become a legal partner that clients can trust and rely on by providing thorough legal support until resolution,” he said.[View full article] ‘Accurately from the initial diagnosis’...Daeryun differentiates legal services with the motto of ‘General Legal Hospital’ (Go here)
KBC Gwangju Broadcasting
2025-04-02
사내 지원금 부정 수급 근로자 해고 조치..노동위 '부당해고'
Dismissal of workers who illegally received in-house support...Labor Committee calls it ‘unfair dismissal’
The Labor Relations Commission ruled that if a worker commits an illegal act by mistake, it cannot be considered a serious misconduct. According to the legal community on the 2nd, the Jeonnam Regional Labor Relations Commission ruled in February in a lawsuit filed by a man in his 40s, A, a man in his 40s, against transportation company B for relief from unfair dismissal. It also ordered the company to reinstate Mr. A and pay him the wages he did not receive during the period of dismissal. Last year, Mr. A received about 100,000 in-house support funds for people assigned to non-affiliated areas. He was notified of dismissal for receiving 20 million won illegally. The company claimed that Mr. A, who had been separated from his family after his appointment, had received support money without informing the company even though he had moved back in with his children. However, Mr. A refuted that he only had his children stay at his home while sharing child care with his spouse and that he had no intention of embezzlement. He also returned all the illegally received money, and compared to the suspension in similar cases in the past, this was excessive. He emphasized that the disposition was taken. The committee ruled in favor of Mr. A. “There is no objective data to show that the worker did not live with his family, so the act of illegal receipt is recognized.” It said, “There is no clearly defined standard for ‘living with family’, which is the reason for loss of subsidy eligibility, so it cannot be said that workers are clearly aware of the standard.” It went on to say, “It is difficult to say that it was carried out with malice because workers may have misunderstood the criteria for the reason for loss and judged it differently.” “The full amount has been recovered, and it is inconsistent with the disposition made in similar cases,” he said, explaining that it constitutes an unfair dismissal. Lee Ki-eun, a lawyer at Daeryun Law Firm on Mr. A’s side, said, “In order for a worker to be dismissed, there must be an act of misconduct on the part of the employee that makes it impossible for the employee to continue the employment relationship according to social norms. In Mr. A’s case, it is difficult to say that an unlawful act of misconduct exists because he had his children stay at home for a certain period of time and took care of them.” Reporter Jeong Eui-jin (jej88@ikbc.co.kr)[View full article] Dismissal of workers who illegally received in-house subsidies...Labor Committee's 'unfair dismissal' (link)
international newspaper
2025-04-02
‘대표 계정 로그인해 이메일 열람’ 직원…法 “비밀침해 아냐” 무죄
‘Log in to main account and view email’ employee… Law: Not guilty as it was not an infringement of secrets
Employee suspected of accessing portal mailbox without permission: “I only checked the list for recruitment purposes” Court: “Information shared… no intention” A person in his 20s who was indicted on charges of logging into another person’s account without permission and checking e-mail was found not guilty. On February 20, the Ulsan District Court found Mr. A, a teacher at a children’s center who had been put on trial on charges of violating the Information and Communications Network Act, not guilty. In 2021, Mr. A accessed the portal site account of Mr. B, the representative of the children’s center where he worked, without permission. He was accused of logging in and viewing the email list. At the time, Mr. A was found to have committed this crime in response to a colleague's request to check the list of applicants during the process of recruiting new employees. Mr. A denied the charge. The reason was that the CEO shared the account with employees for work reasons, and the account was set to auto-login, so anyone could access it. At the same time, he emphasized that he only checked recruitment-related emails and did not read personal emails. The court ruled that Mr. A was not guilty. The court ruled, “The victim shared her ID and password with employees, including the defendant,” and “There was no intention that the defendant did not have legitimate authority to access the email or broke into the account by exceeding the permitted authority.” He continued, “He only accessed the email and checked the list, but did not click on a specific email, so it cannot be said that he found out the contents.” He added, “Whether or not the resume was received cannot be considered a matter to be kept confidential.” Daeryun Law Firm, which represented Mr. A. Attorney Jeon Hyeon-joo explained, “The crime of detecting contents of electronic records, etc., is established when the contents of electronic records that have become secret devices are discovered using technical means,” adding, “In this case, the court accepted that a crime cannot be established because the email was accessed while automatically logged in without any method such as hacking.” Digital Content Team[View full article] ‘Log in to main account and view email’ employee… Law: Not guilty as it is not an infringement of secrets (Shortcut)
5 places including Edaily
2025-04-02
"티메프 사태 재연 우려"…법무법인 대륜 '발란' 회생 TF 출범
“Concerns about a repeat of the Timev incident”… Daeryun Law Firm ‘Balan’ Recovery Task Force Launched
Daeryun Law Firm "Needs preemptive response" to the rehabilitation application for 'Balan', which led civil and criminal lawsuits during the Timeef incident. Daeryun Law Firm announced on the 2nd that it has formed a legal support task force (TF) to support victims in response to the rehabilitation application for the online luxury goods trading platform 'Balan'. Through this TF, Daeryun plans to develop a multifaceted legal response, including relief for damage to consumers and sellers, analysis of the platform's fund management structure, review of criminal liability, and class action lawsuits. The TF will involve more than 10 professionals including lawyers, accountants, tax accountants, and IT legal experts from the Daeryun Corporate Legal Group. Regarding the launch of this TF, attorney Daeryun Son Gye-jun, who is in charge of the head of the corporate legal group, said, “The Balan incident is an example that shows the structural risks that can occur in a typical consumer trust-based platform,” and emphasized, “It is necessary to carefully examine complex legal issues such as the platform’s fund management method and the illegality of its terms and conditions beyond the simple refund issue.” The TF is headed by Attorney Son, who is an expert in the field of corporate law and taxation and has also played an active role in the ‘Tmon and WeMakePrice (TimePrice) incidents.’ Attorney Shin Jong-su joined. In addition, △Attorney Bang In-tae, a labor lawyer and corporate litigation expert registered with the Korean Bar Association, △Attorney Won-sang Kim, a corporate rehabilitation and bankruptcy expert with experience participating in the Korea Pizza Hut lawsuit, △Attorney Min-hee Ji, a former in-house lawyer with extensive experience in fair trade and patents, △Attorney Jeong Sang-hyeok, a human resources and labor expert who has served as a member of deliberation and investigation committees for numerous companies, △An investigation by the Fair Trade Commission, etc. Attorney Hee-gon Cho, who has extensive experience in corporate litigation and consulting, △ Attorney Seo-young Kim, who has handled numerous rehabilitation and bankruptcy cases as an insolvency lawyer registered with the Korean Bar Association, and △ Attorney Young-jae Nam, a former head of legal affairs at a POSCO Group affiliate, will join the task force. In addition, △ Labor attorney Seo-hye Nam, who has provided labor law advice to numerous companies including IT, service, and distribution, △ Many large corporations and public institutions. Accountant Park Won-chan, who has experience conducting accounting audits, will take a comprehensive response by reviewing areas such as accounting and labor. Daeryun has led civil and criminal lawsuits on behalf of sellers who suffered damage from non-payment of settlement payments during the ‘Timeef Incident’ last year. At the time, Daeryun received attention for his proactive response, including suing Q10 Group executives on charges of fraud and breach of trust. Daeryun believes that this Balan incident also has similar structural problems and believes that a preemptive response is needed. Through this TF, Daeryun plans to review not only the problem of delayed refunds by consumers, but also the problem of unsettled payments by sellers, credit card cancellation refusals, and violations of terms and conditions, as well as all other issues. In addition, we plan to carry out group response procedures in parallel depending on whether the damage spreads. Attorney Son said, “Following the Timeef incident, the Balan incident occurred, and the unclear settlement system and fund management method of e-commerce platforms is emerging as a major problem.” He added, “Through this TF, we will not only provide practical legal assistance to the victims, but will also strive to prepare institutional improvement measures for the overall platform industry based on advice from Daeryun experts.” Meanwhile, Balan attracted investment funds on the 31st of last month. Due to setbacks and a liquidity crunch, the company applied for corporate rehabilitation procedures at the Seoul Rehabilitation Court. As a result, problems with settlement delays occurred, raising concerns that the Timef incident might be repeated. Balan said, “No financial damage has occurred to general consumers, and the amount of unpaid commercial receivables is less than Balan’s monthly transaction amount,” and announced that it would attract a buyer before rehabilitation approval and repay the full amount of unpaid receivables. Choi Oh-hyun (ohyo@edaily.co.kr)[View full article] Edaily - "Concerns about a repeat of the Timef incident"... Daeryun Law Firm ‘Balan’ Recovery Task Force Launched (Click here) Korea Economic Daily TV - "We must prevent the second Timef incident"... Daeryun forms an Avengers team to provide legal support for the ‘Balan incident’ (link) Asian Economy - ‘Concern about a second Timeef’ Balan non-settlement situation, Daeryun legal support TF launched (Go here) Segye Ilbo - Luxury goods platform ‘Balan’ applies for corporate rehabilitation… Daeryun launches legal support task force (link) Jikseol - Daeryun launches legal support task force for ‘balan incident’ (link)
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