Daeryun Law Firm takes a leap forward as a global business partner...All-round support for overseas companies entering the domestic market

Panax Japan selects Daeryun as an advisor for its expansion into Korea... Advice on review of content industry regulations, etc.
Daeryun “We will provide solutions tailored to the characteristics and industries of each country’s companies... and become a global investment partner.”

Daeryun Law Firm is attracting attention from the industry as it is expanding its influence as a ‘global business partner’ that helps overseas companies enter the domestic market.

According to Daeryun Law Firm, Japanese digital content distributor ‘Panax Japan’ signed a legal advisory contract with Daeryun Law Firm last month. Previously, Panax Japan submitted a letter of intent for investment worth 10 billion won to Goyang-si, Gyeonggi-do in June 2024 and began entering the domestic content market in earnest. Panax Japan selected Daeryun Law Firm, a law firm with a high level of understanding of global corporate advisory and content industry, as the final advisor among many legal advisors that signed an MOU with Goyang City at the time.

Daeryun Law Firm provided a wide range of legal services, including content industry regulation review, copyright law and business-related licensing advice, during Panax Japan's foreign investment company (FDI) advisory process, helping to enable smooth domestic business activities.

Daeryun Law Firm operates a customs and international trade group and is actively helping overseas companies advance into Korea. Multi-disciplinary experts belonging to the customs and international trade group, including lawyers, tax accountants, labor accountants, and customs experts, received attention by providing actionable services that go beyond legal advice and come up with practical solutions.

Specifically, we provide comprehensive consulting ranging from professional interpretation and advice on foreign investment-related laws such as the Foreign Exchange Transactions Act, Foreign Investment Promotion Act, and Restriction of Special Taxation Act, as well as local government licensing, tax reduction, and design of cooperation structures with domestic partners.

In particular, Daeryun Law Firm is strengthening its global network by promoting the opening of an office in New York, USA in the second half of this year, so it is possible to respond more flexibly in communication and collaboration with overseas foreign companies.

“Foreign companies’ entry into Korea is a comprehensive project that requires an understanding of complex systems and practical design,” said Kim Kook-il, managing director of Daeryun Law Firm. “Daeryun is serving as a partner that opens the door to global investment in Korea by providing customized legal solutions tailored to the characteristics and industrial groups of companies in each country.”

[Law Leader Reporter Son Dong-wook twson@lawleader.co.kr]

[View full article]
Law Leader - Daeryun Law Firm takes a leap forward as a global business partner... All-round support for overseas companies entering the domestic market (Go here)
Sejeong Ilbo - Daeryun Law Firm focuses on all-round support for overseas companies entering Korea (Shortcut)
Seoul Newspaper - Daeryun Law Firm advises ‘Panax Japan’ on its domestic expansion... “Leap forward as a partner for foreign companies” (Shortcut)