[Consulting] Foreign exchange reporting assistance for the acquisition of shares in Korean subsidiaries by foreign shareholders.

Law firm Veat undertook a reporting process for A Cryptocurrency Exchange’s request to acquire shares of a Korean subsidiary of a foreign shareholder.

A Cryptocurrency Exchange A required foreign currency reports and regulatory reports related to the acquisition of shares by foreign shareholders in the process of corporate restructuring and acquisition of Korean companies. It also included reports for past unreported cases.

Accordingly, Law firm Veat completed approximately 9 related foreign currency reports and regulatory reports, including the acquisition of shares by foreign shareholders in the process of corporate restructuring and acquisition of Korean companies, as well as past unreported cases. It also provided comprehensive consulting services and foreign currency reporting business related to the acquisition of foreign shareholder’s shares.

Notably, this case required a detailed legal review of “Foreign Exchange Transaction Act” and “Foreign Exchange Transaction Regulations” due to differing opinions among branches of the National Bank of Korea, and Law firm Veat’s extensive experience in foreign currency reporting agency business was able to be utilized.

Foreign currency reports are regulated by “Foreign Exchange Transaction Act” and “Foreign Exchange Transaction Regulations,” and often require communication with relevant institutions such as the National Bank of Korea during the preparation process. Therefore, it is advisable to receive assistance from experts with abundant experience and know-how to prevent unnecessary time and manpower consumption.

Law firm Veat conducts various foreign currency reports and provides one-stop services related to foreign currency reports, including legal review of required reporting items, preparation of necessary documents, receipt of report forms, and report agency.

If you need foreign currency reports and regulatory reports for various matters such as the acquisition of Korean company shares by foreigners or the acquisition of shares of overseas companies, please feel free to contact Law firm Veat FX Center at Law firm Veat Foreign Exchange Center, and a dedicated attorney will promptly review the matter and provide assistance.

Thank you.

Law firm Veat.