Case Studies
[Special Article] Veat Law Firm Partner Attorney Songdo-yeong, "Current Status and Development Strategies of Cell Culture Food"
Law firm Veat’s special article for Food & Drinks News’ 26th Anniversary, featuring Partner Dong-yeong Song of Veat, discusses the global status and development strategies of cell-cultured food. ‘Game changer’ future food, requiring manpower & capital for large-scale production Increased meat consumption due to population growth & environmental protection as an industrial development driver Future livelihood… Cell-cultured meat 4500 billion USD market share by 2040 Support beyond technological leadership requires regulatory support for standards & safety labeling Need to check regulatory trends in various countries and collect data through industry consolidation Source : Food & Drinks News (http://www.thinkfood.co.kr)_Special article by Partner Dong-yeong Song of Law firm Veat In this article, Partner Dong-yeong Song of Law firm Veat anticipated fierce competition for technological leadership in cell-cultured meat, based on the changes in the market and policy environment surrounding cell-cultured meat. Furthermore, he stated that for the development of the cell-cultured meat industry and market, establishing standards and specifications is a mountain that must be overcome for the development of related industries. Although the South Korean government is accelerating the improvement of laws and regulations for the development of the cell-cultured meat industry, as there is still no established safety standard or specifications, or social consensus regarding cell-cultured meat, hasty legislation could lead to more drawbacks than benefits. For now, it is best to carefully examine the level of technological development and specific issues, while managing the industry’s development through temporary standards and specifications. Given that sufficient empirical data may not be available for amending related standards and specifications, it is necessary to quickly gather data through industry clustering, such as applying for “Regulatory Freedom Special Zone and Regional Specialized Development District Act” and related areas, and based on this data, to establish related standards and specifications. Law firm Veat’s special article for Food & Drinks News’ 26th Anniversary is available at the link below. Food & Drinks News_Special article by Partner Dong-yeong Song of Law firm Veat_Global status and development strategies of cell-cultured food
Law firm Veat participated in the "4th Industrial Revolution Festival 2022 of the Republic of Korea" One-Stop Consultation Booth for ICT Regulatory Sandbox.
From September 15th-16th, a ‘4th Industrial Revolution Festival 2022 of the Republic of Korea’ was held at the Coex in Seoul, and Law Firm Veat’s One-Stop Consultation Booth for ICT Regulatory Sandbox provided direct consultations to companies requesting regulatory sandbox support. Veat’s Partner Attorney Baek Seung-cheol and Partner Attorney Songdo-yeong were involved. Veat’s Partner Attorney Songdo-yeong, as the Head of the Regulatory Sandbox Team, followed up the successful completion of the ICT Regulatory Improvement Consulting Project and is currently performing consulting services related to regulatory sandbox/legislation consulting. Notably, Partner Attorney Songdo-yeong received the ‘Information and Communications Technology Day Commemorative Government Award’ in 2020 for contributing to the growth of startups through the establishment and expansion of the regulatory sandbox system. Veat’s Partner Attorney Baek Seung-cheol is recognized as a “IT Specialist Attorney” after passing through the stringent review of the Korean Bar Association’s Specialized Field Review Committee and is currently performing numerous regulatory sandbox legal consulting projects as the PM for the Information and Communications Technology Promotion Agency’s 2019 ICT Convergence Regulatory Improvement Consulting Project and the Korea Institute of Industrial Technology’s 2020 Industrial Convergence Sandbox Legal Consulting Service Project PM. Please feel free to contact Law Firm Veat if you require legal review related to regulatory sandbox. Thank you. Law Firm Veat Dream
“[Lecture] Songdo-yeong Representative Attorney, Lecture on Personal Information by the Korea Welfare Information & Navigation Service”
Veat Law Firm’s Partner Attorney, Songdo-yeong (39th Batch), conducted a lecture on personal information related topics for employees of the Korea Welfare Information Service on June 6th. This lecture was held for personal information protection personnel from affiliated institutions of the Ministry of Health and Welfare (civil servants) and other public institutions, totaling approximately 80 people, covering key aspects of personal information protection and international legislation. Partner Attorney Songdo-yeong is the Team Leader of Veat Law Firm’s Regulatory Sandbox Team and Personal Information Protection Team. Following the successful completion of a consultancy project for ICT regulatory improvement, he is currently conducting consultancy services related to regulatory sandbox/legislative consultation. Specifically, Partner Attorney Songdo-yeong was recognized for his contribution to the innovative growth of startups through the establishment and expansion of the regulatory sandbox system and received the Minister of Personnel and Labor Commendation at the ‘2020 Science & Information Technology Day.’ Veat Law Firm’s Personal Information Protection Team performs advisory services and personal information protection system establishment consulting to ensure compliance with personal information protection regulations. Specifically, the law firm provides advice on legal issues related to personal information and data protection, including the preparation of personal information consent forms, personal information protection policies, responses to on-site inspections by the responsible ministry, crisis management in case of breaches and leakage, and comprehensive advisory services for overseas businesses providing services to comply with the European General Data Protection Regulation (GDPR) enacted on May 25, 2018. Please contact Veat Law Firm if you require a lecture on personal information. Thank you. Veat Law Firm Dreaming
"5th Digital Economy Forum (DEF2022) Hosted and Registration Information"
Organized by the Ministry of Economy and Finance and hosted by Korea Startup Forum, the ‘5th Digital Economy Forum (DEF2022)’ will be held simultaneously online and offline on September 22, 2022. The theme of DEF2022 is <Toward Dynamic and Innovative Digital Economy>. It will examine regulatory reform measures for the growth of startups, which have emerged as a pillar of the digital economy, and explore venture investment policies, and identify agendas for securing the sustainability and competitiveness of the digital economy society. We ask for your interest and participation. Offline and online registration is possible through the website: https://def.or.kr/. Thank you.
[Legal Times] Choi Seong-ho Partner, Selected for Leading Lawyers 2022 TMT Sector
Legal Times covers Corporate and M&A, fair trade, labor and employment, taxation, securities · finance, construction · real estate, international arbitration, insurance, marine, litigation, IP, TMT, etc., in 12 fields, primarily focusing on corporate lawyers who operate within law firms. They spotlighted exceptional corporate lawyers as part of the ‘2022 Leading Lawyers’ feature. In particular, as the Fourth Industrial Revolution progressed, lawyers specializing in IT and TMT (Technology, Media & Telecommunications) were highlighted within the TMT sector, and Cho Sung-ho, head partner of Veat Law Firm, was selected for the 2022 Leading Lawyers TMT sector. Cho Sung-ho, head partner of Veat Law Firm, graduated from Seoul National University’s Department of Computer Science and Engineering and passed the 50th Judicial Examination, completing the 42nd Judicial Training Program. He possesses a high understanding of technology and, through a broad network in the IT industry, has gained business insights, accumulating diverse legal advisory experience and litigation case studies that are essential for companies dealing with the latest technologies. Furthermore, Veat Law Firm has been providing litigation and legal advisory services related to new technologies driving the Fourth Industrial Revolution and IT since its establishment in 2015. These constantly evolving technologies often involve unfamiliar legal disputes that were previously unknown. Veat Law Firm’s accumulated expertise in both the IT and legal fields will be of great help in solving the legal issues of innovative companies leading the new era. Thank you. Veat Law Firm Dream
[Consultation] Review of Legal Terms in Joint Development Agreement “Veat”
A, an AI software development company, develops AI software, and B manufactures hardware to produce the final result. The two companies drafted a joint development agreement. A requested a comprehensive review of all clauses concerning the final development result, and entrusted the review to Veat Law Firm. In response, Veat Law Firm conducted a full legal review of the joint development agreement, at A’s request. Specifically, Veat Law Firm conducted legal review to ensure that A’s patent rights for each hardware and software, and the patent rights for the final result, did not disadvantage A. Veat Law Firm is a specialized IT law firm comprised of IT-focused lawyers selected by the Korean Bar Association and engineers from technical backgrounds, providing professional legal advice based on a fundamental understanding of IT software. Please contact us anytime if you need legal advice regarding the joint development agreement. Thank you. Veat Law Firm
[IB토마토] (IB&피플)Anilun Law firm Veat partner lawyer
Veat partner attorney An Il-won was introduced as a notable attorney in the IT M&A market and the blockchain industry by IB&People, a media outlet affiliated with IB Tomato. He was also described as increasing investment trends in the IT industry, including M&A, with IB Tomato reporter Yoon-arim. Attorney An Il-won graduated from Yonsei University’s Department of Computer Science and worked as Head of the Search Development Center at Naver Corporation. He also conducted research and development on document ranking systems (search engine ranking systems) and distributed databases. He also achieved 7th place (silver medal) in the ACM-ICPC Korea Regional Finals, the world’s largest and most prestigious coding competition for university students, and actively participates as a member of the Open Source Software License Expert Community of the Korea Copyright Committee. He is solving legal issues based on his technical understanding of software and intellectual property. For more details, please refer to the link. Thank you. Law Firm Veat
[202207] Monthly Veat July Issue_Virtual Asset Business ISMS Pre-Certification System Introduction etc.
Law firm Veat https://stib.ee/DMj5
[Legal Times] Veat Law Firm Representative Attorney Choi Seong-ho, Selected for the Leading Lawyers 2022 Corporate and M&A Sector
Legal Times divides its activities into 12 fields, including Corporate and M&A, Fair Trade, Labor & Employment, Tax, Securities & Finance, Construction & Real Estate, International Arbitration, Insurance, Marine, Litigation, IP, TMT, etc. It mainly focuses on outstanding corporate lawyers who operate within law firms. Among these, Veat Law Firm’s Representative Lawyer, Choi Seong-ho, was selected for four consecutive years in 2022, following his selections in 2019, 2020, and 2021. Choi Seong-ho, Representative Lawyer of Veat Law Firm, graduated from Seoul National University’s Department of Computer Science and Engineering and passed the 50th National Judicial Examination, completing the 42nd Judicial Training Program. Based on a high understanding of technology, and business insights gained through a broad network in the IT industry, he has accumulated diverse legal advisory experience and litigation cases concerning the latest technologies, which are essential for companies dealing with them. Furthermore, Veat Law Firm has been providing litigation and legal advisory services related to new technologies leading the 4th Industrial Revolution since its establishment in 2015. These rapidly evolving technologies often involve novel legal disputes that were previously unknown. Veat Law Firm’s accumulated expertise in both the IT and legal fields will undoubtedly be of great help in resolving legal issues for innovative companies leading the new era. Thank you. Veat Law Firm Dream
Republic of Korea 4th Industrial Revolution Festival 2022, ICT Regulatory Sandbox One-Stop Center Consultation Booth Operation
안녕하세요, 법무법인 비트입니다. From September 15th (Thursday) to 16th (Friday), 2022, at the ‘Republic of Korea 4th Industrial Revolution Festival 2022’ held at Samsung Coex in Seoul, a one-stop center consultation booth for ICT regulatory sandbox will operate. The ‘Republic of Korea 4th Industrial Revolution Festival 2022’ is an exhibition event that allows you to view the current and future of Korea’s 4th Industrial Revolution in one glance. For companies or individuals who have difficulty with the market launch of ICT new technologies during this event and have inquiries regarding current regulations and the ICT regulatory sandbox system, you can receive consultations through the ICT Regulatory Sandbox Homepage Consultation Application. For companies or businesses who are scheduled to visit the ‘Republic of Korea 4th Industrial Revolution Festival 2022’ and require legal consultation regarding ICT regulatory improvement, please refer to the above information. Thank you. Law Firm Veat