Yulchon Law Firm Expands Expertise with Launch of Digital Asset Center

Yulchon Law Firm has officially unveiled its newly established "Digital Asset Center" as of September 17, signaling a milestone in the firm’s commitment to advancing digital financial services. This move builds upon Yulchon’s groundbreaking establishment of South Korea’s first Blockchain and Virtual Asset Team. With this reorganization, Yulchon aims to address the complexities of the fast-evolving digital finance landscape with greater precision and systematic support, reinforcing its leadership in the field.

Comprehensive Scope of Services for Digital Finance

The Digital Asset Center embodies a significant expansion of advisory capabilities, moving beyond blockchain and digital assets to cover the entirety of modern digital finance. Key areas of focus include:

• Regulatory compliance strategies tailored to evolving guidelines.
• Licensing support for digital financial services and platforms.
• Infrastructure development for digital finance ecosystems.
• Introduction of digital financial investment products, including asset tokenization.
• Expertise in Tokenized Securities Offerings (STO) and Real World Assets (RWA).
• Advisory on direct and indirect digital asset investments.
• Specialized guidance on mergers and acquisitions within the digital finance space.

By integrating these diverse services into one cohesive framework, the Digital Asset Center ensures streamlined support for clients navigating the intricacies of digital finance. This robust advisory approach addresses a wide array of needs, positioning Yulchon as a strategic partner in digital financial innovation.

A Team of Industry Experts

The Digital Asset Center boasts a formidable lineup of over 40 seasoned professionals. This dynamic team includes leading experts in blockchain and digital assets, former regulators from the Financial Services Commission (FSC) and Financial Supervisory Service (FSS), and specialists spanning numerous areas such as:

• Tokenized securities and fractional investments.
• Stablecoin solutions and payment technology.
• Structured finance within the digital realm.
• Capital markets and foreign exchange strategies.
• Taxation, accounting, and inheritance planning for digital assets.
• Dispute resolution for regulatory and financial matters.

The center operates via eight dedicated task forces (TFs), each specializing in crucial areas of digital finance:

Specialized Task Forces

1. Regulatory Compliance Task Force: Focuses on navigating complex regulatory landscapes to ensure full compliance.
2. Stablecoin and Token Securities Task Force: Delivers insights into tokenized securities and stablecoin frameworks.
3. Investigation and Dispute Resolution Task Force: Offers solutions for legal disputes and regulatory investigations.
4. Digital Structured Finance Task Force: Develops innovative structured finance solutions within the digital sector.
5. Accounting, Tax, and Inheritance Task Force: Addresses financial planning and asset management challenges.
6. Cross-Border Advisory Task Force: Specializes in international compliance and cross-border financial operations.
7. Legislative and Policy Strategy Task Force: Leads on shaping legislative initiatives and policy development.
8. Digital Deals Task Force: Advises on mergers, acquisitions, and strategic financial transactions.

With this multifaceted structure, the Digital Asset Center offers specialized responses to both emerging regulatory hurdles and swiftly evolving market opportunities, ensuring comprehensive support for clients.

Leadership and Expertise at the Helm

The Digital Asset Center is spearheaded by co-leaders Kim Si-Mok and Kim Ik-Hyun, who bring outstanding credentials and deep expertise in financial regulation and digital asset advisory.

Kim Si-Mok

As a former Financial Services Commission (FSC) official, Kim Si-Mok possesses extensive experience in areas such as financial licensing, sanctions, and legislative development. His current roles include:

• Legal Advisor to the Financial Services Commission.
• Deliberation Committee Member for Kosdaq Market Listing at the Korea Exchange.
• Sanction Review Member for Anti-Money Laundering initiatives under the Financial Intelligence Unit.

Kim Ik-Hyun

Kim Ik-Hyun has provided pivotal advisory services on key regulations such as the Specified Financial Transaction Information Act, Virtual Asset User Protection Act, and Capital Markets Act. These contributions have directly supported major domestic digital asset exchanges and related businesses.

“Yulchon Digital Asset Center’s greatest strengths lie in our vast experience built over years across diverse fields and our unique structural integration through eight specialized task forces,” notes Kim Ik-Hyun, emphasizing the firm’s competitive edge.

Meanwhile, Kim Si-Mok commented, “By staying ahead of changes in regulations and market dynamics, we are committed to driving financial innovation through digital assets, further enhancing our leadership in this space.”

Strengthening Leadership in Digital Finance

The launch of the Digital Asset Center is a testament to Yulchon Law Firm’s forward-thinking approach and dedication to advancing digital finance expertise. By blending regulatory know-how with cutting-edge innovation, Yulchon positions itself as a trusted partner for clients navigating the challenges and opportunities presented by digital assets and finance transformation. Through this ambitious initiative, the firm continues to establish itself as a vanguard of South Korea’s dynamic digital finance industry.