The client is a financial fintech company that provides real-time market price and collateral value estimation for various types of real estate. To launch a comparison service for real estate-secured loan products, the client requested Cha & Kwon Law Offices to process the application for online loan solicitation company registration.

For any corporation that intends to broker the sale of loan products online, the CEO or the executive must complete education on loan products and financial consumer protection. It must also deposit a security deposit or sign up for an indemnity product to compensate financial consumers for damages, in addition to meeting the requirements such as the installation of software based on the standards, before applying for registration with the Financial Supervisory Service.

Cha & Kwon Law Offices provides professional consulting on all matters related to the financial industry, such as financial business licensing, reporting, and approval, as well as preparing issues regarding the Act on the Protection of Financial Consumers, inspecting, and responding to sanctions.