Debt Collection Attorney in Seoul – Barun Law LLC
Barun Law LLC is a premier law firm in South Korea offering effective risk-free debt collection services, positioning the firm as the go-to partner for debt recovery in the country; established in 1998, it is an exclusive Debitura partner offering No Cure No Pay debt collection based on Debitura's risk-free standard terms and pricing, with accolades from Legal 500 and Chambers and Partners, and serving multiple countries including the USA, Japan, and China.
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Company description
About Barun Law LLC – Legal Debt Collection in South Korea
Barun Law LLC, established in 1998, is a distinguished law firm located in Seoul's Gangnam Business District. With over 250 attorneys, the firm provides comprehensive legal services that address complex client needs across South Korea and beyond.
Proven Results
Barun Law LLC has garnered significant acclaim, particularly in dispute resolution. The firm was acknowledged at the 4th Korea Legal Awards for its exceptional litigation work, which involved a successful case for the Korea National Oil Corporation regarding an international dispute. This recognition highlights their capability to achieve groundbreaking outcomes. Additionally, the firm's consistent rankings by Legal 500 and Chambers and Partners underscore its standout proficiency in the legal sector.
Meet the Team
Barun Law LLC employs a formidable team of 512 legal professionals, including 263 attorneys. Renowned figures such as Managing Partners Dong Hoon Lee, Young Hee Lee, and Do Hyung Kim lead the charge, each bringing extensive experience and expertise. With many team members having served as judges and prosecutors, the firm boasts an unparalleled depth of legal acumen, enabling it to deliver strategic insights and tailored advice to a diverse clientele.
Services & Industries
As a premier debt collection attorney in Seoul, Barun Law LLC specializes in pre-legal, risk-free debt collection services, adhering to Debitura's No Cure No Pay model. The firm exhibits expertise in industries like construction, finance, and digital assets, among others. Its extensive service offerings, like civil litigation and cross-border arbitration, fortify its capability to handle diverse and challenging legal matters effectively. For further context, see Debitura's South Korea debt-collection guide, which outlines local regulation and best practices.
PRICING MODEL
As an exclusive partner, Barun Law LLC provides pre-legal debt collection under Debitura’s Standard Debt Collection Agreement and pricing.
This means no upfront costs for pre-legal recovery. Clients only pay a success fee if Barun Law LLC successfully recovers the claim.
If Barun Law LLC does not recover the claim, clients pay nothing, known as “No Cure No Pay” debt collection.
What success fee applies?
The success fee depends on debtor location, claim size, and claim age. Newer and larger claims have lower fees.
View pricing details here: https://www.debitura.com/pricing
Legal Action
In certain cases, legal action may be necessary, such as disputed claims or unsuccessful pre-legal efforts. Legal escalation is not covered by the standard No Cure No Pay agreement. If legal action is required, Barun Law LLC provides a custom quote via the Debitura platform for client approval.
Process
To submit a debt-recovery claim to Barun Law LLC, please first create a free profile on Debitura. Once registered, upload your claim through the Debitura portal. During this process, you will digitally execute a Power of Attorney (PoA) via the Debitura platform, authorizing Barun Law LLC to carry out pre-legal debt collection activities on your behalf.
Debitura’s Standard Debt Collection Agreement
As an exclusive Debitura partner, Barun Law LLC operates under Debitura’s Standard Debt Collection Agreement. The Agreement defines the Minimum Service-Level Requirements that must be met throughout the pre-legal stage.
Pre-Legal Debt-Collection Workflow
While each strategy is customized to suit the specific case, the process generally includes these steps:
- Step 1 — Case approval (≤ 48 hours): Barun Law LLC reviews the submitted documentation and confirms acceptance of the claim.
- Step 2 — Skip-tracing: The firm verifies and updates the location and contact details of the debtor.
- Step 3 — Formal demand notice: A certified demand letter is sent to the debtor requesting payment.
- Step 4 — Follow-up communications: Consistent and professional follow-ups are conducted via phone and email to encourage prompt payment.
- Step 5 — Multi-channel collection campaign (3–6 months): A comprehensive campaign using letters, emails, phone calls, and SMS messages aims to secure full payment. Should a settlement not be reached, an installment agreement may be negotiated and finalized.
- Step 6 — Legal escalation (optional): If pre-legal efforts fail after six months, Barun Law LLC may suggest initiating legal proceedings. Legal action is not covered under the Standard Debt Collection Agreement. Associated expenses will be presented in the Debitura portal, requiring explicit written consent before taking further action.
Explore seamless debt recovery with Debitura. Debitura is a tech‑powered debt‑collection platform that routes every claim to vetted local experts for immediate, country‑specific action. With a network spanning 183 countries, Debitura offers global reach and reliability. In South Korea, creditors benefit from a no‑cure‑no‑pay model, ensuring risk-free engagement. Discover essential insights in the South Korea debt-collection guide, including statutory interest and collection timelines. For more information, visit the debt collection agency South Korea page, and join Debitura’s extensive Asia debt-collection network today for strategic advantages in the region.
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Top-Rated Debt Collection Agency in South Korea
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