Company A, which operates a pre-calculation service where affiliates can check daily sales and receive settlement payments at the time of settlement, sought legal consulting from Cha & Kwon Law Offices. The client inquired about the legal basis for the new business model and whether it is in violation of the Specialized Credit Finance Business Act.

After reviewing the client's business model and related legal relationships, Cha & Kwon Law Offices found that the company was subject to rapid regulatory review, and hence, prepared the relevant application for the client.

Cha & Kwon Law Offices is currently supporting various fintech companies. In particular, in line with the rapidly changing fintech market environment and institutional policies, our firm assists our clients with matters related to, but not limited to, registration, regulatory sandbox, and rapid regulatory review.