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Overview
The financial industry is not immune to digital transformation that is rapidly taking place across all industries. Convergence of finance and digital is no longer a choice but an essential requirement. The financial landscape is witnessing rapid-paced development of digital technology, which is leading to more challenging and complex legal issues. Against this backdrop, financial companies need to comprehensively and proactively address such legal issues.
Yoon & Yang’s Digital Finance Center, which is comprised of attorneys with extensive legal expertise in the field of digital finance, provides legal advisory service for platform companies and big tech & fintech companies seeking to launch to financial businesses (i.e., P2P) as well as matters pertaining to the overall financial industry and the financial data industry center on digital economy. Based on accumulated experience in advising a number of financial companies as well as extensive knowledge related to the platform business/electronic finance/data industries, the Digital Finance Center offers advisory service in an effective and efficient manner by attorneys well-versed in regulations and senior advisors and experts who have experience working at financial regulatory bodies working together as one team.
Yoon & Yang’s Digital Finance Center, which is comprised of attorneys with extensive legal expertise in the field of digital finance, provides legal advisory service for platform companies and big tech & fintech companies seeking to launch to financial businesses (i.e., P2P) as well as matters pertaining to the overall financial industry and the financial data industry center on digital economy. Based on accumulated experience in advising a number of financial companies as well as extensive knowledge related to the platform business/electronic finance/data industries, the Digital Finance Center offers advisory service in an effective and efficient manner by attorneys well-versed in regulations and senior advisors and experts who have experience working at financial regulatory bodies working together as one team.
Key Services
- Advising on laws and regulations related to digital finance
- Advising on licenses & permits and approvals of financial supervisory body
- Advising on data protection and use
- Advising on regulations pertaining to electronic finance
- Advising on cloud and business consignment (entrustment of information processing)
- Advising on information security and compliance issues
- Advising on innovative financial service, P2P, and crowdfunding
- Advising on virtual assets and blockchain
Representative Cases
- Advised a global IT company on the payment business
- Advised a major domestic e-commerce company on the payment business
- Advised a major bank, a credit card company, a credit information company (Company CB, etc.) on the My Data business
- Advised a financial public agency on the My Data support project
- Advised a major P2P financial company on registration and business regulations
- Advised a major financial company on the financial supervisory authority’s inspection related to data protection and security
- Advised a securities firm and an internet company on innovative financial service designation
- Advised an internet-only bank on business models
- Advised a financial group on the issuance of an electronic prepayment means
- Advised NAVER and other major platform companies on financial services
- Advised a combined financial/non-financial corporate group on the establishment of a big data platform
- Advised KOFIA on the amendment of its standard form of consent to use information and the terms and conditions of electronic financial transactions
- Advised a major virtual asset exchange on its overall business
