On the 4th, the law firm Jiphyeon announced the launch of a "Global Risk Response Center" to comprehensively address the global risks faced by corporations.
The Global Risk Response Center was established to provide comprehensive solutions for management strategies and legal and policy issues that may arise concerning cross-border transactions such as formulating global strategies, business restructuring, and export/import and overseas investment.
The center will be led by Jeong Cheol, a lawyer from Jiphyeon with extensive experience in international transaction advice for domestic and foreign corporations, as well as in general corporate and international investment matters. Also, lawyer Park Hyo-min, an expert in global management risk and international public law with experience in the Ministry of Foreign Affairs and the Ministry of Trade, Industry and Energy, will serve as deputy director alongside Jeong Min, who manages GPS (Government & Public Service) and market entry services at the Jiphyeon Management Consulting Center.
Additionally, attorneys Kim Beom-hee, Min Chang-wook, and Lee Ji-hye, foreign lawyers Lee Seung-min and Oh Kyu-chang, patent attorney Kim Dong-joo, specialist Han Jae-jin, and chief PL Lee Ju-mi will participate as key members. Former Financial Services Commission chair Kim Seok-dong and lawyer Lim Seong-taek, who serves on the trade policy advisory committee of the Ministry of Trade, Industry and Energy, along with representative lawyer Lee Haeng-kyu, who oversees corporate advisory work at Jiphyeon, will support the center as advisors.
The center will provide services focusing on ▲establishing global management strategies and business reorganization ▲overseas regulation and supply chain risk management ▲government and policy response and external affairs ▲new overseas entry and investment strategies ▲international trade and trade remedy tasks. It will adopt a two-track strategy for responding according to the nature and timing of the risks, including proactive prevention through risk management and consulting, as well as emergency advice and dispute resolution for post-event responses. Especially, it plans to present practical alternatives and solutions through cooperative channels with key government ministries such as the Ministry of Economy and Finance, the Ministry of Trade, Industry and Energy, and the Ministry of Foreign Affairs.
Director Jeong Cheol stated, "The Jiphyeon Global Risk Response Center will be the first contact and response point that corporations can turn to when faced with unexpected risks, encompassing all tasks and business strategies related to international trade, tariffs, economic sanctions, export controls, overseas regulations, and external affairs, thus becoming a reliable one-stop control tower."