[LAW.ASIA] Korea Law Firm Awards 2024 TMT section Law firm Veat selected

Law firm Veat was selected as a law firm in the Technology, Media & Telecommunications (TMT) category at the ‘Korea Law Firm Awards 2024’ announced by Asia Business Law Journal. This award recognizes the firm’s expertise and contribution to the TMT field amidst a rapidly growing legal market.

​Asia Business Law Journal annually presents the ‘Korea Law Firm Awards’ to select four noteworthy law firms in various legal fields, recognizing excellence across different categories. Veat’s award is considered a testament to the firm’s accumulated know-how and differentiated expertise in the technology, media, and telecommunications (TMT) fields.

Law firm Veat (representing attorneys Song Do-young and Choi Sung-ho), specializing in the TMT field, provides professional legal services related to technology, media, and telecommunications, including personal information and information security, artificial intelligence (AI), blockchain & NFT, metaverse (Metaverse), games, and others, in keeping with the firm’s motto of "Venture and Technology." In particular, Veat’s ‘Regulatory Sandbox Team’ boasts the highest level of expertise and track record in the ‘regulatory sandbox’ area, dedicated to improving regulations that hinder the development of new industries and services.

A major highlight of Veat’s work in 2024 was playing a pivotal role in enacting the “Promotion of Metaverse Industry Act,” which legally defines and promotes the first-ever "metaverse" in the world. In addition, the firm provided legal advice on the display obligations of metaverse game companies, reviewed copyright agency and brokerage of metaverse creations, analyzed trademark infringement and unfair competition prevention law for broadcasting platforms, and legally reviewed the electronic financial business registration requirements of subsidiaries.

Song Do-young, representing attorney at Law firm Veat in charge of the TMT department, has been providing the largest volume of regulatory sandbox consulting and advisory work in Korea since beginning ICT regulatory sandbox consulting in 2019, and currently serves as a member of the Financial Committee’s ‘Innovative Financial Review Committee,’ leading regulatory innovation in the technology, media & telecommunications field. Attorney Song also serves as a member of the Broadcasting and Communications Committee’s ‘Policy Research Deliberation Committee,’ Secretary of the Korean Association of Information Privacy Experts (KAPP), member of the Korean Internet Promotion Agency’s ‘Online Advertising Dispute Mediation Committee,’ and member of the Korea Metaverse Industry Association’s self-regulation committee, and has received recognition for these expertise and efforts, receiving the Prime Minister’s Commendation in 2020 and the Ministry of Science and ICT’s Commendation in 2024.

​Law.asia noted attorney Song Do-young's accomplishments as the background for Veat’s award. Attorney Song Do-young of Law firm Veat is actively engaged in emerging technologies and regulatory innovation fields such as metaverse, online advertising, and smart cities, and demonstrates a unique presence in the TMT field through various activities, including serving as a member of the Korean Internet Promotion Agency’s Online Advertising Dispute Mediation Committee and the Korean Bar Association’s IT & Blockchain Special Committee.

​Law firm Veat deeply appreciates the unwavering trust and support of its clients for this award. The firm will continue to play a leading role in the TMT field, keeping pace with changing technologies and regulatory environments.

​The firm will continue to provide innovative legal advice to meet the changing dynamics of the legal market in the technology, media, and telecommunications fields, and will strive to provide its clients with the best legal advice.

​Thank you.

Law firm Veat