Address
5F, 526 Nonhyeon-ro,
Gangnam-gu, Seoul, Korea
Cha & Kwon Law Offices recently provided legal advice to a client regarding the definition of “virtual asset” under the Virtual Asset User Protection Act. The primary focus was on interpreting the phrase “electronic token (including all rights related thereto)”…
As the competition between the U.S. and China over artificial intelligence and cryptocurrency intensifies, David Sacks, the White House’s advisor on AI and crypto policy, warned that the technological gap between the two countries is narrower than previously thought. Speaking…
A “hard fork” in cryptocurrency refers to a major update to a blockchain system that is not backward-compatible with previous versions. In a hard fork, the original coin remains unchanged, while a new coin with upgraded features is created. Examples…
Executive Summary Cha & Kwon is a leading Korean law firm specializing in cryptocurrency and Virtual Asset Service Provider (VASP) regulations. We provide comprehensive legal support for foreign entities seeking to access Korean virtual asset exchanges including Upbit, Korbit,…
WEMIX has once again been delisted from major cryptocurrency exchanges after the court dismissed its injunction request to suspend the delisting decision. The court cited delays in disclosing a hacking incident and insufficient explanation from Wemade as reasons for the…
Managing Partner Ohoon Kwon of Cha & Kwon Law Offices provided legal advisory services to Korean startup A Company on its corporate flip to Luxembourg. This strategic restructuring supported the company’s expansion into Europe, focusing on complex tax issues faced…
The requirement for virtual asset exchanges to disclose their Proof of Reserves (PoR) is voluntary, rather than mandatory by law, leaving gaps in investor protection. For example, GOPAX did not release its PoR report for Q4 2024, citing a lack…
Managing Partner Ohoon Kwon at Cha & Kwon Law Offices provided structural design advice on a SAFT (Simple Agreement for Future Tokens) transfer, paving the way for the project’s planned token listing. Startup Company A sought to assign its SAFT to Company B, a KOSDAQ‑listed firm, while…
Blockchain specialist company Dunamu has launched a new integrated data analytics platform for crypto investors, called Upbit Data Lab. This newly revamped service builds on the existing UBCI (Upbit Cryptocurrency Index) and brings together four key categories: indices, sectors, market…
The South Korean government is preparing to implement a comprehensive regulatory framework for the domestic virtual asset industry. Min Byung-duk, a member of the Democratic Party of Korea, has announced plans to introduce the Digital Asset (Virtual Asset) Basic Act…
Hong Kong’s rental housing market is regaining momentum, driven by the growth of the crypto and hedge fund industries. Since the government began actively supporting the virtual asset sector in 2022, more than 1,000 crypto-related companies have entered the city,…
Ohoon Kwon, Managing Partner at Cha & Kwon, advised several domestic and international blockchain projects (“Project Companies”) on token listing agreements with a major global cryptocurrency exchange (“Exchange”). The Project Companies sought to renegotiate several unfavorable provisions, including the timing…
Client A, an entertainment management company, sought to develop a so-called “fan platform” that enables direct communication between artists and their fans. In particular, the client aimed to integrate emerging technologies, such as blockchain, into the platform to identify and…
Attorney Ohoon Kwon, the managing partner of Cha & Kwon Law Offices, delivered a presentation on “Conflicts of Interest in Virtual Asset Exchanges” on March 24, 2025, in the 8th Conference Room of the National Assembly Members’ Office Building in…