Case Studies
[Consultation] Employment Agreement with Flexible Working Hours, Employment Contract, Company Rules, Personal Information Usage Consent Form, etc. provided.
Law firm Veat prepares and provides selection of flexible working hours agreement, employment contract, company rules, and personal information utilization consent forms. Veat has introduced big data technology and responds to the request of A, a company that is continuously growing in the digital advertising • marketing market, and provides detailed guidance on implementing a selection of flexible working hours system in compliance with the Labor Standard Act and related enforcement regulations. It also prepares and provides a selection of flexible working hours agreement. Furthermore, Veat provides selection of flexible working hours agreement, employment contract, company rules, and personal information utilization consent forms in line with A’s employment form. Selection of flexible working hours system is a system that allows employees to work 40 hours in a week, averaging over 40 hours in one week, within the scope that does not exceed 40 hours per day or 8 hours per day, by mutual written agreement with the employee representative for employees whose start and end times are decided by the employees, with a settlement period of no more than one month. It is a system applicable when a company intends to implement a self-managed attendance system in accordance with the Labor Standard Act. Due to the recent increase in companies introducing flexible working hours system including self-managed attendance system due to the implementation of maximum 52 hours of work and the COVID-19 issue, the Ministry of Employment and Labor and related ministries are paying close attention to ensure the proper operation of this system. Law firm Veat provides optimal legal advice by understanding the latest revisions of the Labor Standard Act and related laws and the latest trends of the Ministry of Employment and Labor and related ministries. If you need legal advice on selection of flexible working hours system, employment contract, company rules, etc., please contact Law firm Veat. Thank you. Law firm Veat.
[Consultation] Legal issues regarding compensation and condolence payments to departing employees.
Veat provided legal advice regarding measures to minimize legal risks related to the compensation paid to retired executives by a company. A Corporation inquired about compensation paid to retired executive B following his long-term employment, particularly concerning the fact that the compensation was paid without approval from the board of directors and shareholders’ meeting. In response, Veat reviewed ▲the legal nature of comfort money or bonuses paid by a company, ▲whether the payment of retirement compensation to a retired executive constituted a breach of fiduciary duty or breach of trust under the Companies Act, ▲and whether a breach of trust could be established for a retired executive. It also presented
[Law firm Veat] The legal review of the Terms of Use and Privacy Policy is necessary.
“Electronic Commerce Act et al. Consumer Protection Act” (hereinafter referred to as the Electronic Commerce Act) requires operators of telemarketing or telemarketing intermediaries to display “Terms of Use,” and the “Act on Promotion of Information and Communication Network Utilization and Protection of Information.” (hereinafter referred to as the Information and Communication Network Act) obliges information and communication service providers to post “Personal Information Processing Policy” on their websites. It stipulates the content that must be included in “Terms of Use” and “Personal Information Processing Policy.” Even if “Terms of Use” and “Personal Information Processing Policy” are posted, if the required notations are not included, it is considered unlawful, or if the content is unilaterally favorable to the business operator (e.g., unilateral/unconditional liability clauses), it is deemed unfair terms and its effectiveness is not recognized. Furthermore, focusing heavily on preparing “Terms of Use” and “Personal Information Processing Policy” can lead to overlooking essential aspects such as obtaining consent for the collection and use of personal information, and in the case of app service providers, consent for accessing phone functions. Therefore, these aspects also require careful consideration. The Fair Trade Commission can issue recommendations or orders for correction regarding unlawful clauses in the contract, or impose penalties such as imprisonment for up to 2 years or a fine of up to 100 million won, or a fine of up to 50 million won depending on the type of violation. To achieve successful service launch and operation, it is essential to prepare necessary formats such as “Terms of Use” and “Personal Information Processing Policy” that match the service content. The key Cases related to “Terms of Use” legal advice provided by Law Firm Veat are as follows: - Providing legal advice for reviewing and amending the Terms of Use of S, a new AI-based service launch, and notifying the Terms of Use change - Providing legal advice for reviewing the Terms of Use and Location-Based Service Terms of Use of P, which provides a used car purchase service - Providing legal advice for the Terms of Use with added regulations related to the Purchase Safety Service of an e-commerce platform operator S - Providing legal advice for the Terms of Use and Personal Information Processing Policy of E, which operates a telemarketing intermediary - Providing legal advice for the Terms of Use with added regulations related to the convenience payment service of fintech A, which operates Electronic Financial Transaction business, etc. Law Firm Veat helps you to draft “Terms of Use” suitable for telemarketing or telemarketing intermediaries based on an analysis of the services provided by your company, and provides opinions on the extent to which individual regulations can be recognized as having actual effect. In addition, it assists in implementing a process to obtain legal consent during the collection and use, and provision of personal information. Law Firm Veat maintains prompt and efficient communication in line with your schedule and provides professional and efficient legal advice while offering reasonable legal advice costs. If you need legal advice on “Terms of Use” and “Personal Information Processing Policy,” please contact Law Firm Veat. Thank you. Law Firm Veat Dream
[Consultation] Trademark infringement issues when using identical or similar businesses in other registered trademarks.
Law firm Veat reviewed the matter of whether the use of a name registered as a trademark by another party is infringing trademark rights when used in the same type of business. A Co. Ltd. inquired about potential legal risks if they used a trademark registered by another party in a related business sector while operating an O2O platform utilizing IT technology. In the case of A Co. Ltd., as the inquired trademark is a commonly used noun, we requested a multi-faceted review to determine whether it could be used, and Law firm Veat thoroughly reviewed relevant laws and regulations, including the “Trademark Act,” and related case law concerning trademark infringement. The “Trademark Act” protects trademarks that meet requirements such as identifying features, such as the mark’s origin, and these are considered to be trademark rights. The lack of identifying features is a reason for refusal of trademark registration or cancellation of trademark registration. In the case of “common names,” which are names that are recognized by the trade community as referring to the product, because they lack identifying features and are words used by anyone, they cannot be registered as trademarks in principle. Even if a trademark is registered, it may not be protected under the Trademark Act or the scope of its protection may be limited if identifying features are not recognized. Recently, a legal issue arose regarding the unauthorized use of trademark rights when a famous shopping mall used a trademarked brand name as a product name. As trademarks represent the value and image of a brand, they are inevitably sensitive issues. Law firm Veat is providing professional and effective assistance based on its experience in handling disputes related to trademarks and copyrights. If you need legal advice regarding trademarks and copyrights, please contact Law firm Veat (02-576-8990). Thank you. Law firm Veat.
[Platform] Startup Experts in One Place, ‘Startup Online Conference 2020’
Veat representative attorney Seongho Choi will participate in the Startup Lively Startup Online Conference 2020, hosted by Events, on June 9th. The conference will focus on legal issues for startups, as well as accounting issues, Google Analytics functionality, and service planning – all for startup representatives and members. The conference will explore startup legal issues through real-life startup cases, led by Veat. In addition, the content covers accounting issues, Google Analytics functionality, and service planning – all for startup representatives and members. Please refer to the full article at Platum Article. Thank you. Veat Best Regards
[Consulting] Review of investor rights issues arising from stock transfers.
Law firm Veat reviewed the issue of investor rights resulting from A Company’s share transfer. A Company sought to confirm whether investor rights, such as joint sale rights under the investment agreement, automatically transferred due to the share transfer. Accordingly, Veat thoroughly examined ▲ whether investor rights under the Commercial Code automatically transferred with the transfer of shares ▲ and whether rights could be transferred according to the share transfer agreement and the principles of the Civil Code. Law firm Veat provides optimal advice based on its extensive experience advising corporate investors, examining various regulations and investment agreements. If you need contract review or other legal advice related to corporate investment, please contact Law firm Veat. Thank you. Law firm Veat
[Consultation] Review of employment contract setting a duty of non-compete and a duration of service]
Law firm Veat received a commission from Company A to develop mobile application software and provided English employment contracts with drafting and review. Non-compete clauses are provisions that prohibit working in a competing industry when a labor contract is established. They refer to clauses that prohibit high-level managers, technical staff, or employees who know the company's trade secrets from taking employment with competing companies or starting businesses in the same industry. These non-compete clauses are a basic means of protecting trade secrets to prevent the leakage of corporate and core technologies. However, if the non-compete agreement excessively restricts the occupational freedom and labor rights of labor rights guaranteed by the Constitution, or excessively restricts free competition, it may become invalid. Therefore, it must be regulated considering the interests of both the company and the employee. In this case, Veat drafted and provided an English employment contract, complying with the Labor Standards Act while adhering to Company A’s request for non-compete obligations and the length of service, and considering the terms requested by A. Law firm Veat provides assistance with various contracts, such as employment contracts, non-compete agreements, and other contracts, through its expertise gained while dealing with trade secret protection and employment contract cases, and offering solutions that satisfy both the company and the employee, and minimizing the possibility of disputes when unforeseen situations arise. Please contact Law firm Veat if you have any related inquiries. Thank you. Law firm Veat
[Korea Economic] Law firm, autonomous driving·game 'Yel-gong'... Increasing recruitment of graduates from engineering schools.
A small but strong specialized law firm Law firm Veat was featured in the Hankyung.com article, “Law firms, self-driving cars · game ‘Yeolpong’ … Engineering major graduates increased” Through this article, the vibrant atmosphere of Veat, where young lawyers in their 30s specializing in IT fields come together, was introduced, and the achievements of the ‘Regulatory Sandbox Team’ were also highlighted. Detailed information can be checked from the full article. If you need legal assistance regarding IT-based businesses, please contact Law firm Veat. Thank you. Law firm Veat
[Central日报] “Simply arguing for deregulation isn’t enough” – A to Z explained by a Regulatory Sandbox Specialist Lawyer
Law firm Veat’s interview regarding the regulatory sandbox was published in JoongAng Ilbo. Regulatory Sandbox refers to… a system that provides exceptional authorization for businesses that are difficult to obtain authorization under the current law. This interview thoroughly covered the current regulatory sandbox system, from explanations of the sandbox's progress to various issues within academia. Partner Attorney Songdo-yeong explained, based on more than 200 regulatory sandbox consulting experiences, the problems frequently encountered by companies during the application process and the necessary preparations for final selection. Furthermore, he introduced various sandbox support schemes for startups, sharing useful information with companies considering applying for a sandbox. Partner Attorney Songdo-yeong stated, “Regulations are not simply negative if they are naively negative,” and “After building a foundation through schemes like the regulatory sandbox, we should pursue comprehensive regulatory relaxation.” Read the full interview is available through the link. For companies needing assistance with regulatory sandbox applications and business model reviews related to launching new businesses, please contact Law firm Veat. Thank you. Law firm Veat Dream
[Consultation] Review of issues related to the anonymization of user IP addresses and public disclosure
Law firm Veat reviewed the issue of A’s ‘user IP address anonymization and public disclosure’ regarding the game-related community software development company. A contacted us to inquire about whether they could take measures to anonymize part of their IP addresses and then publicly disclose them, regarding their efforts to manage malicious posts and comments within their bulletin boards. In response, Law firm Veat reviewed the re-identification potential of anonymized IP addresses, providing advice on ▲ reducing the disclosure scope from public disclosure to administrator disclosure ▲ requiring confidentiality agreements for IP address administrators ▲ adding relevant content to their personal information processing policy. Furthermore, we concurrently reviewed necessary forms, including confidentiality agreements, in response to the views of agencies such as the Ministry of Interior and Safety. We provide our clients with optimal advice by keeping abreast of the latest legal trends and the positions of relevant authorities. If you need legal review regarding corporate personal information management, please contact Law firm Veat. Thank you. Law firm Veat