SEUM Law has been selected by Asian Legal Business (ALB) as one of the “Best Boutiques” in Asia for 2017. In the August 2017 issue, ALB presented its inaugural list of game-changing law firms, featuring SEUM Law as one of two outstanding boutiques based in Korea. The ALB highlighted that SEUM’s clientele “includes both investors such as 500 Startups, Legend Capital, Hanwha Dreamplus, FuturePlay and Fast Track Asia, as well as technology companies. Managing Partner Hoseok Jung is on the mentor panel for the Korean government's K-Startup programme, as well as the advisory committee of the Korea Creative Content Agency.” The full article can be read here - https://asianlegalbusiness.uberflip.com/i/858349-alb-august-2017.
SEUM has advised Santa Fe Group A/S, a UK-based relocation service provider, in the sale of its records management business in Korea to Iron Mountain Inc., a NYSE-listed information management company. Santa Fe's sale of its Korea business to Iron Mountain was part of a global transaction covering multiple countries in Europe and Southeast Asia.
A year after its initial launch, 500 Startups and SEUM shared an updated version of the "START Docs" at an event held at WeWork Gangnam. In 2015, 500 Startups and SEUM collaborated to develop a standardized contract form for startup investment which resulted in the creation of the START Docs. The updated version reflects various changes to the language, style and formatting of the documents.
SEUM was selected by the Ministry of ICT to represent seven Korean conglomerates - Samsung Electronics, Hyundai Motor Company, SK Telecom, KT, LG Electronics, Naver and Hanwha Life - in establishing a joint venture company that will focus on conducting R&D on artificial intelligence. The Artificial Intelligence Research Institute will be a platform for collaboration between the conglomerates to develop B2B solutions utilizing AI technology.
SEUM has advised BrainCommerce, the company operating the company database and job posting site called JobPlanet, on the issuance of new shares to VC investors Hanwha, Union, Altos and Qualcomm. BrainCommerce plans to use the new funds to continue domestic growth and to expand its business overseas.
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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