Daeryun Signs MOU with the World Korean Venture Network…Cooperation on Legal Support for Global Venture Companies' Overseas Expansion

Linking a network of Korean entrepreneurs worldwide
Strengthening legal support for venture companies' global expansion
"Expanding one-stop services linked with New York"

Daeryun Law Firm is joining hands with the Venture Business Association's World Korean Venture Network (INKE) to help venture companies expand overseas.

Daeryun announced on the 21st that it had concluded a business agreement (MOU) with INKE for global venture company support and overseas-expansion cooperation.

The signing ceremony, held on the 19th at Daeryun's main office in Seoul, was attended by Daeryun Representative Park Dong-il, Daeryun Attorneys Yoon Kyung-won and Ahn Dong-jun, INKE Global Chairman Park Ho-sun, INKE Toronto Chapter Chair Michelle Kim, and INKE Headquarters Director Park Tae-geun, among others.

INKE is a global network organization under the Venture Business Association that supports domestic venture companies' overseas expansion by connecting Korean entrepreneurs worldwide with domestic companies.

Since its establishment in 2000, it has built 44 chapters in 27 countries around the world, including the United States, Canada, Japan, China, and Vietnam, and is centered on Korean venture entrepreneurs and investors active in each country.

In addition, it is actively carrying out various global localization businesses—such as investment, market research, local corporation establishment, marketing, and mergers and acquisitions (M&A)—centered on strategic industry fields such as data, artificial intelligence (AI), healthcare, fintech, and bio.

Taking this agreement as an opportunity, the two organizations will cooperate in various fields, including: △country-specific legal risk advisory for overseas-expanding companies △legal support related to global investment and mergers and acquisitions (M&A) △local corporation establishment and contract review △legal support for companies linked to the overseas network △operation of global-expansion seminars and advisory programs.

In particular, INKE is pushing to form expert advisory groups in each field to stably operate its global network and strengthen its overseas business support system. Through this agreement, Daeryun plans to take on the role of a core legal advisory group, providing prompt and accurate solutions to the various legal issues companies face.

INKE Global Chairman Park Ho-sun said, "As demand for domestic venture companies' overseas expansion rapidly expands, the importance of responding to country-specific legal risks is greater than ever," adding, "Through cooperation with Daeryun, we expect that companies will be able to receive more substantive legal advice and comprehensive local response support in the process of entering the global market."

Daeryun Representative Park Dong-il said, "Recently, corporate overseas expansion is expanding into a domain that requires comprehensive legal review—beyond simple investment or contracts—including local permits and licensing, regulatory response, and dispute prevention," adding, "We will strengthen our cross-border one-stop legal services so that venture companies struggling in the process of entering overseas markets can settle more stably into the global market."

Meanwhile, Daeryun has secured local expertise centered on its New York partner law firm SJKP, and is continuously pursuing the expansion of its cross-border business through cooperation with local partner law firms and institutions in major overseas markets such as Japan, Vietnam, and China.

Reporter Kim Jin-ryong (kim.jinryong@mk.co.kr)

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