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International Contracts

Delivery of the Final English Sponsorship Agreement

USDT Sponsorship Agreement Review and Successful Contract Execution with an Overseas Participant

The client was preparing a digital asset industry event in Korea and planned to enter into booth operation and sponsorship agreements with domestic and overseas exchanges, projects, and other participating…

International Contracts

Delivery of Revised Agreement

Fintech Business Partnership Agreement Risk Review and Contract Revision Advisory

A Korea-based fintech startup was preparing to expand its services overseas and planned to enter into an agreement with a business development support provider responsible for identifying and introducing…

International Contracts

Delivery of Reviewed Agreement

USDT Escrow Payment Agency Agreement Review and Advisory on Payment Structure

The client planned to pay development fees to an overseas developer using USDT. Under the proposed structure, the USDT would be transferred to a third-party payment agent, which would convert or liquidate the…

Finance & Regulation

Legal Opinion Provided

Regulatory Review of an Overseas Crypto Exchange Referral Business: Whether VASP Registration Was Required in Korea

The client was operating a referral-based business involving an overseas virtual asset exchange. Under the business model, the client published and promoted a referral code issued by the overseas exchange…

Company Formation

Provision of a Legal Review Memorandum

Legal Advisory on an Overseas Incorporation Structure for a Virtual Asset Auto-Trading Service

DECENT Law Firm was retained by a startup operating a subscription-based auto-trading software service that connects to virtual asset exchange APIs and executes algorithm-based trading strategies. The client…

Finance & Regulation

Delivery of a Legal Review Opinion on Virtual Asset Distribution and Transaction Structure

NFT & Virtual Asset Distribution Structure: Legal and Tax Advisory

Decent Law Firm's Virtual Asset Practice represented a company operating in the Web3 ecosystem — providing planning, branding, distribution, and monetization consulting for creators' original works through…

International Contracts

Delivery of a Legally Structured Consulting Agreement for Crypto Arbitrage Service Infrastructure

Legal Advisory on a Contract for Crypto Arbitrage Infrastructure Consulting Services

The client, a virtual asset consulting service provider (Mr. A), requested legal review and drafting of a consulting agreement for a service designed to help customers build an environment for cryptocurrency…

Finance & Regulation

No Referral to Prosecution (No Charges Filed)

No-Charge Decision in Alleged Unregistered Virtual Asset Business Case Related to Crypto Referral Activities

The client was an individual engaged in a cryptocurrency exchange referral (affiliate marketing) program when they unexpectedly became involved in a criminal investigation. The complainant had been recruited…

Finance & Regulation

Provision of a legal review opinion

Legal Review Opinion on the Compliance of a Crypto Asset Exchange Service (Kimchi Premium Arbitrage)

The client operates a business overseas and had been utilizing a cryptocurrency arbitrage strategy commonly known as the “Kimchi Premium” in order to reduce remittance costs when transferring funds to Korea.…

Business

Suspended Sentence

Foreign Defendant in Voice Phishing Case — Suspended Sentence Achieved

A, a foreign national who entered Korea for tourism, began exchanging Tether (USDT) after being approached by an acquaintance through Telegram. Unbeknownst to A, the role was actually part of a voice phishing…

Business

Successfully Secured the Inheritance of 800 Million KRW in Cryptocurrency

Recovery of 800 Million KRW Worth of Virtual Assets in the Bittrex Exchange Bankruptcy

In 2023, Bittrex, one of the world’s largest cryptocurrency exchanges, declared bankruptcy, putting the inheritance of Ethereum (ETH) 166 and Bitcoin (BTC) 2 at risk for our client. The total value of the…

Finance & Regulation

Legal Review Opinion for Token Listing and P2E Services Provided

Legal Review Opinion on Domestic P2E Service for Overseas Token Projects

Decent Law Firm was commissioned by an overseas cryptocurrency foundation to provide a legal review opinion on its token project, particularly regarding its Play-to-Earn (P2E) services in South Korea. The…

Finance & Regulation

Comprehensive Legal Risk Assessment of Large-Scale Foreign Currency Transactions

Legal Review of Arbitrage Trading via Kimchi Premium and Cross-Border Remittances

The client planned to execute foreign remittances worth several hundred billion KRW monthly. Such large-scale remittances are subject to rigorous monitoring by regulatory authorities, and failure to adhere to…

Finance & Regulation

Securities Compliance Review and Listing Opinion Provision

Legal Opinion and Review for Token Listing and Securities Law Compliance

A token foundation established in the British Virgin Islands (BVI), a jurisdiction known for blockchain-friendly regulations, sought to list its issued tokens on a domestic cryptocurrency exchange. The…

International Contracts

Provision of Review for AI Automated Trading Bot Program Contract

Legal Review of AI Trading Bot Program Utilizing Cryptocurrency Exchange API

The client is a business that develops and sells cryptocurrency trading programs. They planned to offer an automated trading bot service based on specific algorithms using the Open APIs of domestic and…

International Contracts

Provision of Korean/Russian Translation Review for Purchase & Operation Outsourcing Contract

Review and Legal Advisory on Contract for Proxy Purchase and Management of Cryptocurrency Mining Equipment

The client, engaged in a Bitcoin mining business, considered outsourcing the purchase and operation of mining equipment to another company. After multiple meetings, they proceeded with contracts involving a…

International Contracts

Review of Scope of Copyright Usage and Legal Risks

Legal Advisory on Copyright Risks for Overseas NFT Projects

They requested a review of potential legal risks associated with using copyrighted works from an overseas NFT project owned by a domestic corporation to promote their services. This includes examining whether…

International Contracts

Legal Opinion Delivered

International Aircraft Sale Agreement: Reviewing Contract Validity and Representative Authority under Korean Law

For a Korean company that entered into an aircraft sale agreement with an overseas company, we reviewed the purchasing corporation’s authority to enter into the agreement and its internal approval procedures,…

International Contracts

Shareholders’ Agreement Drafted

Investment at the Incorporation Stage, Key Considerations in Drafting a Shareholders' Agreement

The client was a prospective founder preparing to establish a new company and secured a total investment of KRW 100 million from a personal acquaintance. While welcoming the investment, the client was…

Investment & M&A

Investment Report Filed

Foreign Investment Report Filing for a Japanese Corporation Acquiring Shares in a Korean Company

Decent Law Firm's International Practice Group represented a Japan-based company in completing the foreign investment reporting process under the Foreign Investment Promotion Act for the acquisition of shares…

Finance & Regulation

Listing Opinion Delivered

Preparation of a Legal Listing Opinion for the Domestic Exchange Listing of an Overseas-Issued Utility Token

An overseas blockchain project company (“Company A”) sought to list its utility token on a domestic virtual asset exchange in Korea. The token issued by Company A was designed for functional use within a Layer…

Business

Proof of Claim Filed

Attorney Advisory Case on Filing Proof of Claim in U.S. Bankruptcy Proceedings

The client invested a substantial amount through an overseas platform in a U.S.-based corporation. Subsequently, the corporation experienced financial distress and filed for reorganization under the U.S.…

International Contracts

License Agreement Revised

Legal Review of an International Brand License Agreement

The client was preparing to enter into a license agreement with a well-known international brand and sought a thorough legal review to identify potential dispute risks and structural vulnerabilities, even in…

International Contracts

Risk Report & Redlines Delivered

Legal Review & Risk Assessment of US Joint Venture Supply Agreements

Our client, a Korean parts manufacturer with strong technical expertise, recently began discussions to supply components to a U.S.-based joint venture ("A Corp") formed by a global automaker and a battery…

Investment & M&A

Due Diligence Report Delivered

Japan–Korea Cross-Border Acquisition: Legal Due Diligence for the Korean Subsidiary

A Japanese manufacturing company sought to acquire its long-term Korean partner through a share transfer structure to ensure stable supply-chain operations. Because Japanese M&A transactions often raise issues…

International Contracts

Supply Agreement Drafted

Drafting and Reviewing an English Supply Agreement for an Overseas Corporation

A domestic supplier engaged Decent Law Firm to draft and review an English-language supply agreement with a Swiss corporation. The client requested a thorough review of the agreement's terms and an…

International Contracts

Exhibition Contract Reviewed

Review of Overseas Exhibition Business Contract

This legal advisory case involved a contract between an institution and international exhibition artists/teams. The institution sought a comprehensive review of the agreement, covering areas such as exhibition…

Business

Term Sheet Reviewed

Legal Review of Term Sheet Drafting Between Corporations

The client, an overseas company A, sought to expand its products and brand into the Korean market through a contract with Korean company B. To this end, company A prepared a term sheet in English, outlining…

From Legal Review to Execution

Practical legal support for foreign businesses and investors entering and operating in Korea.

01/ KOREA MARKET ENTRY

Korea Market Entry & Investment

Legal support for foreign companies establishing, investing in, and operating businesses in Korea.

02/ TRANSACTION & REGULATORY

Transactions & Regulatory Compliance

Legal review of transaction structures, foreign investment filings, and applicable Korean regulations.

03/ CONTRACT REVIEW & NEGOTIATION

Contract Review & Negotiation

Drafting and reviewing commercial agreements, negotiating key terms, and addressing contractual risks in cross-border transactions.

04/ ONGOING LEGAL ADVISORY

Ongoing Business Advisory

Continued legal support for commercial contracts, compliance, and business operations in Korea.

Services

01

Company Formation in Korea

We provide end-to-end legal support from entity structuring to incorporation and ongoing operations.

02

Foreign Investment

We develop filing strategies based on the investment structure and support the process through registration.

03

M&A

Our cross-border attorneys provide strategic legal advice throughout the transaction.

04

Investment Agreements

We structure and draft investment agreements tailored to each transaction.

05

General Counsel Services

We provide ongoing legal advice on a retainer basis to support stable business operations and sustainable growth.

06

Crypto

We provide legal opinions and compliance advice to foreign crypto projects pursuing listings on domestic Korean exchanges.

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Hyeonsu “Elliot” Jin Managing Partner

Cross-border · Dispute Resolution Crypto VC · Financial Advisory

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Legal Insights

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Legal Insights Finance & Regulation

Perpetual Futures Regulation: Reviewing Referral Activities for Overseas Exchanges

Based on the Financial Services Commission’s October 16 warning on perpetual futures, this article summarizes high-leverage risks, limitations on investor protection, and legal review points for referral-code…

Legal Insights International Contracts

Sales Agency and Distribution Agreements in Japan: Exclusivity, Minimum Purchases, and Termination

When a Japanese distributor sends an agreement offering to act as your exclusive distributor in Japan, it is easy to begin negotiations with exclusivity and commissions. However, it is also important to…

Legal Insights Finance & Regulation

Personal Data Transfers to the UK: Equivalence Review and Preparations for Businesses

The Personal Information Protection Commission announced that it would begin reviewing recognition of the equivalence of the UK’s personal data protection framework in October 2026. The commencement of a…

Legal Insights Finance & Regulation

Crypto Transfers to Self-Hosted Wallets: What Changes Under Korea’s Travel Rule in 2027?

Transfers from a Korean crypto exchange to a self-hosted wallet (personal wallet) such as MetaMask are not currently treated in the same way as Travel Rule transfers between virtual asset service providers…

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