DECENT Law Firm official logoKorea Crypto CounselA focused legal service of DECENT Law Firm

Exchange listing legal opinions

Token legal opinions
under Korean law.

For overseas token projects preparing legal documentation for Upbit or Bithumb. Korean-law securities analysis, delivered as a legal opinion letter in Korean and English.

What we deliver

We assess whether the token constitutes a security, including an investment contract security, under Korean law. The analysis draws on the applicant entity’s incorporation documents, the token white paper and relevant supporting materials. The deliverable is a Korean-law legal opinion letter in Korean and English.

One round of responses or revisions following the exchange’s additional questions or requests is included in the fee.

The opinion concerns Korean law. It is not a smart-contract security audit, a listing approval, or a legal opinion on the issuer’s home-jurisdiction law.

Looking for the exchange’s steps? See the official Upbit and Bithumb listing-process summaries. The engagement workflow below describes our legal work only.

Independent legal judgment

The engagement is for legal analysis and an opinion, not an exchange introduction, listing brokerage or a promised outcome. We cannot pre-commit to a non-security conclusion or an exchange’s listing decision.

Fees and first-draft delivery

Choose your timeline.

All three tiers include Korean and English opinions and one round of exchange follow-up.

Korean + English opinionsOne round of exchange follow-upUSDT / USDC accepted

The quoted amounts are the final fees, with no additional tax or complexity surcharge within the stated opinion service. Timing starts after all required materials and payment have been received and we have accepted the engagement. One-business-day service is subject to document and capacity review. The agreed first-draft deadline is confirmed by email. Broader regulatory advisory is scoped separately.

The engagement process

Our legal-opinion
engagement process.

Please include the project name, token ticker, target exchange and requested deadline. This is our legal service workflow, not the exchange’s review procedure.

  1. Email the firm

    Describe the token and the Korean-law opinion requested by the exchange.

  2. Confirm scope, materials and payment

    We review the request, confirm acceptance and provide the engagement and payment instructions.

  3. Receive your first draft

    The agreed 1, 3 or 5-business-day period starts once the required materials and payment are received and the engagement is accepted.

  4. Deliverables and one round of follow-up

    We provide the Korean and English legal opinion. Your authorized project representative submits it to the exchange; one round of legal explanations or revisions requested by the exchange is included.

Required materials

For our legal review.

The exchange’s full application may require additional technical, financial and project information.

  1. Applicant entity documents

    Certificate of incorporation, corporate registry extract or equivalent formation evidence for the entity applying for the exchange listing.

  2. Token materials

    The white paper and other materials describing the token submitted for listing.

Frequently asked questions

Is this an exchange listing or application-submission service?

No. Email us to engage independent Korean counsel for a token legal opinion. Your authorized project representative submits the exchange application through the official route. We do not broker listings, manage an exchange’s decision, or promise a listing date. Our fees and draft timelines relate only to our legal work.

Do the two document sets cover the entire exchange application?

No. Entity incorporation documents and token materials are the starting point for our legal review. Exchanges may also require technical reviews, audit reports, token distribution information and other materials. See the official exchange process summaries and the relevant portal for its full requirements.

What is included in the fixed fee?

An exchange-submission legal opinion in Korean and English, including review of the token’s securities characteristics under Korean law, plus one round of responses or revisions following exchange feedback.

When does the turnaround period start?

After we receive all required materials and payment and accept the engagement. The period refers to the first draft, not exchange approval. We confirm the actual deadline by email; priority requests are subject to document and capacity review.

Can we pay in USDT or USDC?

Yes. All three service tiers can be paid in USDT or USDC. Please obtain payment instructions directly from the firm before making a transfer.

Does the opinion guarantee a listing or a non-security conclusion?

No. The legal conclusion depends on the facts and applicable law. Exchange listing decisions are made by the exchange. We do not sell guaranteed conclusions or guarantee listing approval.

Do you work for Upbit or Bithumb?

We provide independent legal services to clients seeking opinions for exchange applications. References to the exchanges describe the intended submission context, not an affiliation, endorsement or preferred-provider relationship.

Your next step

Tell us about your project.

Email your project name, target exchange and preferred timeline.

[email protected]