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The Digital Asset Exchange Joint Consultative Association (DAKSA) has released a “User Deposit Fee Rate Calculation Model Standard” to help cryptocurrency exchanges reasonably set customer deposit fee rates. The standard is a response to the Virtual Asset User Protection Act…
With the Democratic Party of Korea supporting the abolition of the financial investment income tax, the taxation of crypto assets related to it is likely to be delayed until 2027 or later. The government has already submitted a bill to…
Cha & Kwon Law Offices‘ partner attorney Ungchae Jung is an experienced real estate lawyer specializing in conducting litigation, advising on development stages, and advising on PF in real estate projects. In this criminal case, the defendant was charged with…
Bank deposit and lending rates have been moving in opposite directions since the Bank of Korea cut its key interest rate. While major banks are lowering their deposit rates to reflect the rate cut, lending rates are rising due to…
Client A wanted to create promotional content and award a small gift to the winner. In the process, they wanted to allow users to participate by paying a small amount of money or purchasing tickets. However, depending on the structure…
The client suffered a loss caused by Company A a long time ago and obtained a compensation agreement, but did not receive the promised settlement. As a result, the client filed a claim in court and the judgment was confirmed.…
Cha & Kwon Law Offices successfully conducted a comprehensive legal review on a new service introduced by an innovative digital platform company. The matter involved a variety of legal issues. Our offices comprehensively reviewed the E-Commerce Act, Consumer Protection Act,…
Cha & Kwon Law Offices successfully conducted a comprehensive legal review and consultation for a major Korean education technology company in connection with its expansion into the digital textbook business. This was a highly specialized case involving a complex interplay…
Cha & Kwon Law Offices recently conducted a legal review of a hardware/firmware development service contract for an IT company. The case involved complex legal issues regarding the demand for additional costs due to development delays, attribution of intellectual property…
Cha & Kwon Law Offices recently conducted a comprehensive legal review and advised a major Korean education technology company on its digital textbook business expansion. The case required a high level of expertise for it involved a complex interplay of…
Gopax’s offer to reimburse GOFI investors at last year’s January rate (28 million won per bitcoin) has been met with strong investor opposition, complicated by Binance’s negotiations to sell its stake in Gopax as it approaches the December deadline for…
The Personal Information Protection Commission (PIPC) has fined WorldCoin 1.14 billion KRW and issued a corrective order for violating the Personal Information Protection Act. Worldcoin Foundation and Tools for Humanity (TFH) were found to have illegally collected and transferred iris…
Vice Prime Minister Choi Sang-mok held a “Macroeconomic and Financial Conference” on September 19, 2024 to review the impact of the U.S. Federal Reserve’s decision to cut interest rates and discuss ways to respond. The US Federal Reserve cut its…
Cha & Kwon Law Offices have conducted legal review on musical contracts and provided legal opinions. Client A, a producer of musicals, has requested us to draft a contract for producing a creative musical and to review an existing contract.…