Although U.S. style class action system is currently only implemented in securities related lawsuits in Korea, many foresee that it will be widely applicable to lawsuits related to fair trade, consumer protection and personal information protection in the future. Class action system has its merits when victims can receive extensive damage relief after incidents causing collective damage occurs. Meanwhile, the increase of class action cases brings out the need for legal advice for companies to respond to these claims as well.

Hannuri led Korea’s first winning judgment for plaintiffs in a stock related class action. With its extensive experience, knowledge, resources and passion, Hannuri will responsibly provide comprehensive legal services related to class actions.