From left: Kim Nam-ho and Kim Geun-jae, attorneys; Choi Seong-ho, advisor; Kim Sil-geun, tax accountant. /Courtesy of YulChon

YulChon said on the 6th it expanded and reorganized its existing "Board of Audit and Inspection response team" into the "Board of Audit and Inspection pre-consulting & audit diagnosis team" to comprehensively support corporations' administrative risks.

When ministries, local governments, or public institutions find that laws are out of touch with reality or that statutes and regulations are unclear and face difficulties in decision-making, they can seek opinions from the Board of Audit and Inspection. By using this Board of Audit and Inspection pre-consulting system and handling affairs as the board suggests, they are not held personally responsible with measures such as disciplinary action or warnings.

On the 4th, the Board of Audit and Inspection revised and implemented its operating rules so that corporations and stakeholders can also apply for pre-consulting through their affiliated organizations or associations. As a result, cases of private corporations using the pre-consulting system are expected to increase.

Using the pre-consulting system can be applied across all areas of administrative work, including development projects, public procurement, investment attraction, private investment projects, new and expanded factory construction, industrial complex creation, urban development, environment, energy, electricity, and national and local government tax. It is useful when differences of opinion or disputes arise during permitting processes such as bidding, contract or design changes, and project approvals.

YulChon's Board of Audit and Inspection pre-consulting & audit diagnosis team provides corporations and others with ▲ Board of Audit and Inspection, central ministries, local governments, and public institutions pre-consulting and audit and investigation diagnosis ▲ proactive administration and internal control advisory ▲ corporations' administrative risk pre-diagnosis services.

The Board of Audit and Inspection pre-consulting & audit diagnosis work is led by attorney Kim Nam-ho, head of the real estate and construction group, attorney Kim Geun-jae, head of the taxes group, adviser Choi Seong-ho (former secretary general of the Board of Audit and Inspection), and tax accountant Kim Sil-geun. Kim, a tax accountant, served as Inspector General in the Board of Audit and Inspection's Local Administration Audit Bureau, Public Institution Audit Bureau, Fiscal and Economy Audit Bureau, and Special Investigation Bureau, gaining experience across the full range of administrative affairs.

Attorney Jeong Won in defense and public contracts and procurement, attorney Kim Tae-geon in private investment projects and construction administration, attorneys Jeong Yu-cheol and Song Min-gyeong in construction claims, attorney Lee Gang-man in urban maintenance and development, and tax accountant Lim Jeong-hun in national tax pre-diagnosis and tax audit response are also participating.

A YulChon official said, "The YulChon Board of Audit and Inspection pre-consulting & audit diagnosis team has built the optimal response system that corporations and public institutions can rely on."

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