What's Happening?
Law firm Jipyeong has announced the establishment of the Global Risk Response Center on September 4, aimed at addressing global risks faced by companies due to rapid technological changes, geopolitical conflicts, climate change, pandemics, and artificial intelligence. The center is designed to provide comprehensive solutions for management strategies and legal and policy issues arising from cross-border transactions, including global strategy establishment, business reorganization, import and export, and overseas investment. The center will leverage the expertise of legal professionals and collaborate with Jipyeong's Technology Center, ESG Center, and patent corporation to offer differentiated services.
Why It's Important?
The launch of the Global Risk Response Center is significant as it provides a strategic response to multifaceted global risks that impact industries, regulations, policies, and international affairs. This initiative is crucial for companies seeking sustainable growth amid complex international challenges. It offers practical support to mid-sized and small companies, as well as K-culture, beauty, and fashion companies entering the global market. By providing a one-stop control tower for international trade, customs, economic sanctions, and export control, the center aims to enhance companies' ability to navigate and mitigate risks effectively.
What's Next?
The center plans to implement a two-track strategy for risk management, focusing on prevention through consulting and follow-up through emergency advice and dispute resolution. It will collaborate with major government ministries to diagnose situations quickly and accurately, linking them to specific action plans. The center will continue to develop practical alternatives and solutions to support companies in managing supply chain, regulatory, and policy-related risks.
Beyond the Headlines
The establishment of the Global Risk Response Center highlights the growing need for legal and strategic expertise in navigating international business environments. It underscores the importance of integrating legal, policy, and management strategies to address complex global challenges. This development may lead to increased collaboration between legal firms and government entities, fostering a more resilient business landscape.
