Corporate management is more complex than ever. Laws and regulations go through changes and even newly enacted with the start of a new administration and these changes often lead to unexpected issues, and laws that fail to reflect changes of the era or measures based on erroneous interpretation even deter effective corporate activities. Against this backdrop, it has become more important to fundamentally prevent inefficient restriction-related risks and legal disputes in advance by managing various legislation-related risks and responding to restrictions as well as effectively incorporating actual on-site demands in the policy-making process.

Our Legislation Consulting Team assists clients from interpretation of various legislations to coming up with strategic measures to improve laws and systems and providing comprehensive services for enactment or amendment of laws and regulations so that our clients’ policy demands can be reflected in legislative bills and to come up with the best possible results. The team also provides professional advisory services with respect to parliamentary inspection conducted by the National Assembly, government hearings and government demand for submission of various materials. Accordingly, we provide customized government relation services to respond to investigations carried out by major government agencies, including the Korea Fair Trade Commission, Financial Services Commission, and the National Tax Service.

The Legislation Consulting Team is made up of experts who have accumulated practical knowledge, experience and networks in their respective fields while working with the Korean court system, public prosecutors’ office, administrative offices and the National Assembly. Through the organic cooperation among these experts, the team provides systematic and multi-faceted services with respect to building strong relationship with the National Assembly and other government offices, coming up with reasonable logic for legislation, and creating positive public consensus. We provide legislation consulting services that are different from those provided by other firms as we establish and implement effective communications strategies in cooperation with teams that deal with public opinion as well as assist such teams in creating public consensus.

We strive to provide solutions best possible solutions to our clients based on our expertise and diverse experiences.

Advice on Enactment and Amendment of Laws
- Analysis of currently enforced laws and advice on foreign laws and regulations
- Providing understanding of legislative purpose and preparation of legislation drafts and explanatory materials
- Analysis of effect and provision of alternative measures
- Providing comprehensive opinion, including analysis of interested persons and government policy trends

National Assembly and Government Legislation Consulting
- Advising companies and groups on each stage of the legislation process and on overall legislation process
- Tasks concerned with legislation enforcement and response thereto
- Assisting interested persons on submitting opinion with respect to legislation notice
- Submitting opinion to persons in charge of legislation matters within the government or National Assembly members
- Analyzing and establishing measures concerning major issues expected to arise in the legislation process

Response to Regulations and Assistance for Objection Procedure
- Providing understanding of legislation for control and amendment trend, and analysis of effect thereof
- Focused monitoring of and response to major legislative fields, including finance, taxation and fair trade
- Providing review in terms of law and policies and advice on regulatory matters
- Submitting opinion in response to administrative dispositions
- Assisting and representing in objection procedures, such as filing objections or filing against any administrative adjudication

Consulting on Authoritative Interpretation
- Providing assistance on authoritative interpretation of relevant administrative authority with respect to any law or regulation
- Providing assistance on authoritative interpretation of any subsidiary law handled by individual administrative departments
- Providing assistance on authoritative interpretation of any ordinances or self-governing rules of regional municipalities

Response to BAI (Board of Audit and Inspection of Korea) Audits
- Advising on claim for audit, request for materials, etc.
- Advising on filing objections and measures following audit results

Public Affairs Services
- Publicizing issues as a strategy and assisting on media and public affairs
- Establishing and enforcing communications strategies
- Providing services on gathering opinion from primary persons concerned
- Conducting tasks on coming up with alternative solution plans by way of filing complaints, etc.
- Taking part in opinion gathering procedures, such as policy debates and meetings so as to express clients’ views and position

- Presented report on “Macroeconomic Effect of Family Business Inheritance Tax and Measures to Improve Special Tax Treatment System for Family Business Succession,” jointly with AHPEK (AHPEK)

- Provided legal advice on proposal to enact Defense Industry Promotion Act (Ministry of Trade, Industry and Energy)

- Advised on proposal to partially amend the Act on the Support for Improving the Quality of Lives of Tenants in Long-Term Public Rental Housing (Ministry of Land, Infrastructure and Transport)

- Advised on proposal to amend the Monopoly Regulation and Fair Trade Act to correct excessive regulation (represented company S)

- Advised on proposal to amend the Act on Promotion of Information and Communications Network Utilization and Information Protection for introduction of a system to protect digital heritage (National Assembly Office)

- Advised on legislation on new businesses, including autonomous cars (Ministry of Land, Infrastructure and Transport)

- Provided advice on partial amendment of the Act on Reporting and Using Specified Financial Transaction Information (Financial Services Commission)

- Took part in creation of draft of the Initial Exchange Offering (IEO) Guidelines (Korea Blockchain Industry Promotion Association, Cryptocurrency Research Center of Korea University)

- Took part in the public hearing to enact law on P2P loans as debate panelist (National Assembly Office)

- Presented legislative findings on MOJ’s proposal to amend the Act on Security over Movable Property and Claims and amendment bill for introduction of collective enforcement system (The Supreme Court of the Republic of Korea and Association of Korean Civil Judgment Enforcement Law)

- Carried out services to study overseas laws and regulations on methods of enforcing blanket security interest (Ministry of Justice)

- Giving topic presentation at a public hearing held with respect to the proposal to wholly amend the Family Litigation Act (Ministry of Justice)

- Provided several services and provided advisory services on legislation consulting