Law firm Veat selected as a leading boutique law firm in the [2023 TMT sector league table] by LegalTimes.

Recently, Veat was selected as the leading boutique law firm in the ‘2023 TMT League Table’ published by Legal Times.

Since the enforcement of the Personal Information Protection Act revised on March 14, 2023, which came into effect in September 15, the legal market has undergone significant changes, including the unification of regulations, a shift from punitive fines to economic fines, and the streamlining of penalty provisions. Furthermore, the implementation of the Act on Support for Mobility Innovation and Activation led to the further activation of mobility regulatory sandbox schemes. Continued changes are expected in the mobility market and regulatory environment.

Legal Times has been paying close attention to Veat’s professional and active performance in the fields of technology, media, and telecommunications (TMT) – a key factor in its selection for the 2023 Legal Times TMT League Table. This selection recognizes Veat’s distinct expertise and results in line with the firm’s legal environmental changes.

Building Trust in the TMT Field Based on Regulatory Sandbox Expertise

Veat has provided regulatory sandbox legal consulting in various emerging technology fields, including TMT, as well as ICT, smart cities, regional innovation zones, and mobility, through collaborations with organizations such as the Korea Information & Communications Technology Industry Promotion Agency, the Korea Institute of Science and Technology, and Gyeongbuk TechnoPark. The firm has gained significant experience in major projects and consulting work, including the review of over 150 cases of temporary permits and experimental treatment provisions, and provided over 800 consultations and advice, including telephone and face-to-face consultations and reviews of over 300 rapid processing cases.

Recognized for these achievements, Partner Songdo Young was awarded the Minister of Science and ICT Commendation on the ‘Korea Information & Communications Technology Day’ in 2020. Veat also received the Commendation of the Minister of Science and ICT for the ‘2023 Korea Digital Innovation Award’.

Enhanced Expertise in the TMT Field

Veat has also begun providing regulatory sandbox consulting related to the Mobility Special Act, which is being implemented under this act. Based on its deep expertise in regulatory sandbox areas, Veat is providing professional and outstanding services in the TMT field. Leveraging a deep understanding of legal issues resulting from the latest technology changes and practical experience, Veat will continue to play a leading role in regulatory sandbox and TMT areas, striving to provide the best legal advice in a changing legal environment.

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