Woosuk Song
Senior Foreign Attorney
About
Education
- Juris Doctor, University of Wisconsin Law School
- B.A. in Public Administration, Yonsei University Credentials
Credentials
- State Bar of Wisconsin
Experiences
- Senior Advisor, Binance Holdings Limited
- Vice President of Legal, Jeju Shinhwa World (Representative Director of Landing Casino)
- Foreign Attorney, Yoon & Yang LLC
- Head of Legal, Japan Tobacco International Korea
- In-house counsel, GS Engineering & Construction
- In-house counsel, Korea International Trade Association New York Office
- Office of Legal Affairs, United Nations
Career
Key experience
- Legal Advisor, Korea Blockchain Cooperative (2023-)
- Director, Korea Casino Association(2017-2020)
- Director, In-House Counsel Forum (IHCF) (2014-2020)
- Expert Member, Listing Committee at a cryptocurrency exchange (2024-)
- Member, blockchain travel-rule association (CODE) (2024-)
M&A / Investment Key work case
- Advised on Series B-1 investment (KRW 120 billion) of a major Korean venture capital in a contents platform business
- Advised an aquaculture farming technology startup on issuance of RCPS
- Advised a Korean game company in its acquisition of shares of a U.S.-based game research startup by conducting legal due diligence, reviewing investment agreements, processing foreign currency exchange report, etc.
- Advised a Korean private equity in acquiring shares (KRW 10 billion) of a Dutch meat substitute company by conducting Volcker Rule review, establishing a SPV, reviewing investment agreements, processing foreign currency exchange report, etc.
- Advised a global cryptocurrency exchange in its acquisition of a local-licensed cryptocurrency exchange by conducint legal due diligence focusing on anti-money laundering (AML)
- Advised a blockchain startup in a crypto investment by a gobal blockchain accelarator
Key work case
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Blockchain:
- Supported token issuers in listing their cryptocurrencies in major Korean cryptocurrency exchanges by drafting legal opinion letters;
- Advised global cryptocurrency exchanges in entering Korean market (i.e., approval/license, due diligence, external audit, contracts, disputes);
- Advised Korean blockchain businesses in glocal expansion (i.e., establishment of overseas entities, contracts, advice on legal/contractual issues)
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Game:
- Advised on regulations relating to gaming, gambling, operation of a casino, elements of social casino, license requirements, criminal liabilities;
- Reviewed game software development service agreements, game publishing agreements;
- Advised on legal issues involving Web3 games and game launchpad (e.g., NFT marketplace, exchange of game points with cryptocurrencies)
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Entertainment, Performance:
- Represented local promotors by advising on contract drafting and negotiation for concerts of global artists in Korea;
- Represented local entertainment agencies for global tour concerts
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Healthcare, Cosmetics, Consumer Goods (FMCG):
- Represented local/foreign companies in drafting, reviewing and advising on strategic allicance, joint development, research & development, marketing, OEM/ODM, exclusive distributorship, etc.
Awards
- Top rank (casino sector), Comprehensive Anti-Money Laundering (AML) Assessment by Korea Financial Intelligence Unit (KOFIU) of Financial Supervisory Commission (2015, 2016, 2017)
- Tourism Promotion Award by Minister of Culture, Sport and Tourism (2017, 2018, 2019)
- Chairman's Award, Korea Federation of SMEs (2024)
Training and Lectures
- English webinar on “Crypto Regulations in Korea” (2021, hosted by VEAT Law Firm)
- Legal consulting on regulatory sandbox to foreign startups (2021, hosted by Gyeonggi Creative Economy Innovation Center)
- Lecture on "Legal Issues of NFTs" (2021, hosted by Korea Blockchain Industry Cooperative)
- Lecture on "Initial Coin Offering in Korea" (2022, hosted by Korea Blockchain Industry Cooperative)
- Moderator of "Legal Issues of Real World Assets (RWA)" at Global Summit (2024, Korea Blockchain Week)
- Regular Cast Member on Maeil Business TV’s Crypto NOW (2026)