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Overview
In September 2022, YOON & YANG LLC launched the GRC Center by combining the existing Policy Analysis TF Team, Legislative Consulting Team, and the CVC Investment Consulting Team. The GRC Center aims to offer new services that are different from other law firms, based on accumulated expertise over past decades in successfully undertaking tasks in conventional regulatory fields (i.e., criminal, fair trade, finance, HR and labor) as well as utilization of personnel networks to enable smooth communication with a number of relevant government officials, policymakers, local government bodies and industrial players,
Of particular note, Yoon & Yang’s GRC Center seeks to think outside of the traditional litigation and arbitration means and coordinate various interests through a more diversified and creative method of resolving disputes. In so doing, this will maximize efficiency in handling legal matters by resolving disputes in a prompt manner at a more affordable cost for clients.
Of particular note, Yoon & Yang’s GRC Center seeks to think outside of the traditional litigation and arbitration means and coordinate various interests through a more diversified and creative method of resolving disputes. In so doing, this will maximize efficiency in handling legal matters by resolving disputes in a prompt manner at a more affordable cost for clients.
Key Services
Statutory & regulatory advisory service
- Review grounds for establishment & amendment of statutes, ordinances, regulations, etc. by the central and local governments and the National Assembly; advice on analogical interpretation as to unreasonableness thereto
- Identify establishment & amendment trends of statutes and ordinates pertaining to the government’s policy stance and various regulations; present ways to preemptively respond thereto
- Lay out strategical measures customized to handle issues related to the National Human Right Commission and the Board of Audit & Inspection
- Offer comprehensive policy services as per the industry/sector that clients engage in, status, and demand
- Convey client’s request when proposing campaign pledges; analyze policy changes; advise on risk management for each client
- Review client needs & requests and make policy suggestions to coordinate varying interests in advance
- Coordinate and handle matters on request for summoning of witnesses (i.e., check selection of witnesses and review likelihood of witnesses recanting testimonies)
- Handle matters on appearance by witnesses (i.e., identify questions that may be presented, review testimonies, and prepare explanatory materials)
- Respond to follow-up measures taken by the National Assembly (i.e., review feasibility as to nonappearance by witness and filing of complaint on perjury)
- Review measures and present optimal solutions to enable reasonable coordination between the client and various interested parties/groups
- Provide accurate cause analysis materials via direct communication with government officials, policymakers, public agencies, and local government bodies
- Present effective alternative solutions other than conventional dispute resolution methods (i.e., litigation and mediation proceedings that tend to consume a lot of time)
- Assist clients in dealing with the media in an efficient manner (i.e., analyze & provide media trends and latest information)
- Present solutions on relief and preventive measures related to negative press
Representative Cases
- Advised on the amendment to the Distribution Industry Development Act pertaining to limiting business hours of multi-complex shopping malls
- Advised financial institutions (i.e., Industrial Bank of Korea) on the formation of an internal control committee for protecting financial consumers
- Advised major financial companies related to public audit channel of the Board of Audit & Inspection
- Advised holding companies (i.e., GS and Hyosung) as to establishment and registration of CVC
- Advised on arbitration of a dispute between a shipping company and public enterprise
- Advised on license & permit procedure related to a power generation project
- Advised on softening regulations of businesses under the Broadcasting Act
- Advised on easing regulations on online advertisement of medical businesses
- Advised on softening regulations on advertisement of credit businesses
- Advised on improvement & deregulation of the Debit Rehabilitation & Bankruptcy Act
- Advised on tax law amendments for tax credit to golf country clubs
- Advised on a number of issues related to inspection of government administration (i.e., selection of witnesses affiliated with a tourist company and handling complaints)
