Daeryun Law Firm signs legal advisory MOU with Kyobo Steel

Plans for cooperation in various fields, including sharing ESG management strategies

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

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

Kyobo Steel Co., Ltd. is a steel manufacturing company established in 2013. Currently, we are operating a structural pipe with an annual capacity of 14,000 tons and a slitting process line with a capacity of 60,000 tons at the Gwangyang National Industrial Complex in Jeollanam-do, and we are planning to expand the factory in the second half of this year.

Daeryun is a large law firm with 240 lawyers as of October 2024 and is expanding its scope by strengthening its corporate legal group.

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

Kim Mi-seong, CEO of Kyobo Steel, said, "The steel industry is facing a period of upheaval in line with the ESG management trend. Other steel companies are also joining in to achieve carbon neutrality. Various legal issues are arising related to ESG management, and we would like to respond more systematically with the help of experts. We thought Daeryun, which is investing heavily in corporate legal affairs, was the best law firm to form a partnership with. We hope to have many exchanges for mutual development in the future."

Daeryun CEO Kim Kuk-il said, "Requests for legal advice related to eco-friendly business have recently increased. As the transition to eco-friendly processes is a rising issue in the steel industry, we will provide optimal advice to Kyobo Steel, which is planning to expand its plant. In order to provide consulting on overall matters within the company, in addition to lawyers within the corporate legal group, professional personnel such as accountants, tax accountants, and labor attorneys will utilize all resources to help for the development of both companies."

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