리걸테크(Legal Tech) 시대의 도래와 당면과제

In the era of the Fourth Industrial Revolution, new changes are taking place in various socio-economic fields. The era of OO Tech has come. In addition to fintech we know well, there are also neologism such as Milli Tech, Prop Tech, Ag Tech, and Bio Tech. This is a term that means that new technology is applied to existing industries such as finance, military, life sciences and agriculture. Combining with technology in different areas creates new value and creates synergies. This leads to the strengthening of market competitiveness. In the legal world, the legal age of big tech, artificial intelligence, cloud computing, etc. is coming. The world is changing rapidly every day, and innovation is in the fourth era of industrial revolution in which big data, internet network, IoT, cloud computing, and AI technologies converge. I think it is time for our legal profession to grasp the new flow of change and make other legal and institutional reforms. In the following text, we first look at what is legal technology and its current status and characteristics. In this movement, we examined the changes in various fields such as society and the economy, and also discussed what are the legal and institutional improvements and how to resolve them in the future.