The Legal Times, a leading monthly magazine based in Seoul focusing on the legal industry, featured SEUM in their special 11th anniversary Issue dated November 14, 2018. The article discussing SEUM and its highly regarded startup practice is titled “Our Law Firm in 2018 – “Leading Law Firm for Startups” SEUM” (2018 올해 우리 로펌은…’스타트업 자문 1호’ 세움 in Korean).
SEUM advised NAVER Corporation, Korea’s leading internet portal and mobile company, in connection with Naver’s recent contribution of KRW 99 billion (~USD 88 million) into a 100 billion won venture capital fund devoted to fostering and investing in startups. The SEUM team was comprised of managing partner Hoseok Jung and corporate partner Hyemi Kang; as well as associate Jaewoo Sim.
SEUM recently advised Cube Intelligence (“CUBE”) with respect to its Initial Coin Offering (“ICO”) of 43.2 million tokens (representing 60% of all tokens issued). The public sale for the CUBE tokens (ticker symbol AUTO), which were also offered for sale by reservation and pre-sale, successfully closed within 24 hours of its launch.
On March 28, 2018, as part of its blockchain seminar series, SEUM will host a discussion regarding “Issues Related to Reverse ICOs.” SEUM’s fourth blockchain seminar will be held at the Korea Foundation for Advanced Studies, 18th floor. Managing Partner Hoseok Jung will share insights and thoughts on variety of matters.
What we do
General Corporate Our general corporate team provides clients with the legal services they need to conduct their business operations smoothly, while minimizing risks and complying with Korean law. Our team handles common issues that arise in day-to-day operations such as commercial contracts, intellectual property, real estate and employment issues as well as regulatory issues such as data privacy, fair trade, consumer protection and anti-bribery. The general corporate team also handles deal-based work such as stock acquisitions, business transfers, joint ventures, and venture capital and private equity investments.
Commercial Litigation If our client is unable to resolve a dispute with a counterparty, our commercial litigation team will advise on the remedies available under law and work skillfully and relentlessly to ensure the best outcome if there is litigation. Our litigation team has worked on a wide range of cases for clients including contract disputes, shareholder disputes, and IP litigation. Our team frequently represents clients in government administrative proceedings before agencies such as the tax authority and fair trade commission as well as in white collar criminal defense cases.
Corporate Services Our firm provides incorporation services which covers setup and registration of corporations, LLCs, branch offices and liaison offices. Our corporate services team will also handle registration that is required in cases such as a change of address, change in the board of directors, or issuance of new securities.
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Deals & Cases >
- SEUM Advises AI Startup Skelter Labs on KRW 10 Billion Financing & Follow-on Round 2018. 11. 14
- SEUM Advised Internet Portal Giant NAVER In Connection with KRW 99 Billion Contribution Into Startup Fund 2018. 10. 31
- SEUM Advises AI Education Platform Elice on KRW 2.8 Billion Funding Round 2018. 8. 13
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