The Legal 500

39 SAJIK-RO 8-GIL (SEYANG BLDG, NAEJA-DONG), JONGNO-GU, SEOUL 110-720, SOUTH KOREA
Tel:
Work +82 2 3703 1114
Web:
www.kimchang.com
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Kim & Chang has a growing list of honors and rankings for 2009

March 2010

Kim & Chang has a growing list of honors for its representation of clients across the globe, as well as for excellence in the legal profession.

Kim & Chang’s recent honors recognize many of its 700 professionals and practice groups.

Kim & Chang won the prestigious "National Law Firm of the Year for Korea" award at the IFLR Asian Awards 2010. With this latest award, Kim & Chang has been named the top law firm in Korea for 8 consecutive years in the International Financial Law Review (IFLR), which is published by Euromoney. The journal awarded national law firms in 14 countries in Asia based on their performance in 2009. Kim & Chang also won in the categories of Private Equity Deal of the Year (KKR and Affinity / Oriental Brewery) and Structured Finance Deal of the Year (Kookmin covered bond).

Kim & Chang ranked first in deal count in the Bloomberg 2009 Asia Pacific Legal Advisory M&A Rankings. It also ranked eighth in deal volume in the league tables of the Asia Pacific Announced Deals for 2009, published in the Asia Pacific Legal Advisory M&A Rankings announced by Bloomberg.

K
im & Chang was further recognized as the top legal adviser in the Korean legal market with remarkable achievements in 2009 by the M&A League Tables of Legal Advisers to Asia-Pacific M&A 2009 announced by mergermarket. The firm took the top ranking in the categories of both deal count and deal value for South Korean M&A in Q1~Q4 (January 1st - December 31st) of 2009. The firm also ranked second in deal count and third in deal value in the mid-market volume table (deals with values in the US$10 million-250 million range) for Asia-Pacific M&A.

Kim & Chang was recognized as a top-tier law firm for all four practice areas surveyed, including capital markets, banking and project finance, mergers and acquisitions, and restructuring and insolvency, in the 2010 edition of IFLR 1000, published by Euromoney. Kim & Chang is the only law firm in Korea with top rankings in all surveyed areas. In addition, Kye Sung Chung, Young Man Huh, Chang Hyeon Ko, Soo Man Park and Hi Sun Yoon of our firm were selected as leading lawyers.

Further, in the Asialaw Profiles 2010, Kim & Chang was ranked as the top firm in Korea in the following 7 practice areas: Banking & Finance, Corporate/M&A, Dispute Resolution, Intellectual Property, IT, Telco & Media, Labor & Employment and Shipping Maritime & Aviation. Kim & Chang is the only law firm in Korea with top rankings in all surveyed areas.

Kim & Chang received the “Korean Deal Firm of the Year” award from Asian Legal Business (ALB) based on the firm’s performance in 2008 and the first half of 2009. The “E-Land Group-Homever Sale” in which Kim & Chang acted as legal advisor to the seller was also selected as the “Korea Deal of the Year.”

Chambers Asia 2009 Guide ranked Kim & Chang as the top firm in Korea in the following practice areas: Banking & Finance; Capital Markets; Competition/Antitrust; Corporate/M&A; Dispute Resolution; Employment; Intellectual Property; Real Estate; Shipping; Tax; and Technologies, Media & Telecommunications. Kim & Chang is the only law firm in Korea with top rankings in all of the surveyed areas.

 

Kim & Chang

SEYANG BUILDING, 223 NAEJA-DONG, JONGNO-GU, SEOUL 110-720

Tel: Work +82 2 3703 1114

Fax: Fax +82 2 737 9091

Web: www.kimchang.com

Email: lawkim@kimchang.com

 

Legal Developments by:
Kim & Chang

  • South Korea: Draft Act on Compensation and Relief of Environmental Pollution Damage

    The Korean Government has launched a government project to establish a system to compensate and insure against environmental pollution damage, and is pursuing the introduction of a legal relief system for environmental pollution damage. Such Government initiative is intended to address the current situation where environmental pollution accidents inflict serious damage on society due to the enormous amount of tax money that is required for curing the pollution, while companies that caused the accident sometimes go bankrupt because they cannot bear the financial burden of paying the compensation. Moreover, the victims of environmental pollution accidents are often unable to obtain proper compensation due to the burden of proving that their injury resulted from the pollution or due to the prolonged litigation process which is unavoidable in light of the nature of environmental pollution.
    - Kim & Chang

Legal Developments in South Korea

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • South Korea: Draft Act on Compensation and Relief of Environmental Pollution Damage

    The Korean Government has launched a government project to establish a system to compensate and insure against environmental pollution damage, and is pursuing the introduction of a legal relief system for environmental pollution damage. Such Government initiative is intended to address the current situation where environmental pollution accidents inflict serious damage on society due to the enormous amount of tax money that is required for curing the pollution, while companies that caused the accident sometimes go bankrupt because they cannot bear the financial burden of paying the compensation. Moreover, the victims of environmental pollution accidents are often unable to obtain proper compensation due to the burden of proving that their injury resulted from the pollution or due to the prolonged litigation process which is unavoidable in light of the nature of environmental pollution.
  • South Korea: KFTC Approves First Consent Decree

    On March 12, 2014, the Commissioners of the Korea Fair Trade Commission ("KFTC") approved a consent decree with Korea's major Internet portal companies, Naver and Naver Business Platform (collectively "Naver") and Daum Communications ("Daum"). This was the first time since its introduction that a consent decree was used to conclude a case before the KFTC. With this consent decree, the KFTC's investigation of Naver and Daum for their alleged abuse of market dominance ended without any finding of liability.
  • South Korea: Recent Developments in Broadcasting Regulations

    Recent regulatory developments in the ever-changing broadcasting environment are summarized below.
  • Accounting System Reformation Plan and Expansion of External Audit for Limited Liability Company

    On October 28, 2013, the Financial Services Commission (the “FSC”) announced an accounting system reformation plan related to the amendment to the Act on External Audit of Stock Companies (the “Plan”) aiming primarily at improving transparency of limited companies ( yuhan heosa ) and non-listed large company’s accounting system.
  • South Korea: Update on K-REACH and CCA

    As noted in our previous issue, the Act on Registration, Evaluation, Authorization and Restriction of Chemical Substances (K-REACH) and Chemicals Control Act (CCA) were recently enacted. Below are some of the key updates on K-REACH and CCA.
  • South Korea: KFTC’s First Application of the Consent Decree Process

    On November 27, 2013, the Korea Fair Trade Commission ("KFTC") agreed to apply for the first time the consent decree process in its investigation of Naver and Naver Business Platform (jointly, "Naver") and Daum Communications ("Daum") for their alleged violations of Korea's Monopoly Regulation and Fair Trade Law ("FTL").
  • South Korea: K-REACH and Chemicals Control Act: Advance Notice of Draft Subordinate Statutes

    On February 18, 2014, the Ministry of Environment of Korea ("MoE") announced an advance notice for the draft subordinate statutes of the K-REACH and Chemicals Control Act ("CCA"). Provided below are the key provisions of the legislation that is to take effect on January 1, 2015.
  • South Korea: Supreme Court Decisions on Ordinary Wage – Action Plan for Employers

     
  • South Korea: Supreme Court Defines the Scope of Ordinary Wage

    Ordinary wage, the standard in assessing compensation for overtime, nighttime and holiday work and unused annual leaves, refers to any money paid regularly, uniformly and on a fixed basis. On December 18, 2013, the Supreme Court rendered two full bench decisions on the scope of ordinary wage. Kim & Chang represented the Defendant-Appellant Kabul Autotech in both cases, in which the Supreme Court vacated the judgment of the lower courts in favor of the Defendant-Appellant and remanded the cases.
  • Further Korean Data Privacy Rules Announced

    Further to the Personal Information Protection Act ( PIPA ), the comprehensive data privacy law passed in March 2011 which will take effect on September 30, 2011, 1 the government has unveiled draft regulations to flesh out a number of the applicable requirements and standards. The drafts of the Enforcement Decree and the Enforcement Regulations, published on May 24, 2011, include significant requirements relating to data security, which, like other provisions, apply to any entity that handles personal information files for work purposes (referred to as “data handlers” below). Also now spelled out are various details concerning consent requirements, website sign-up rules, video camera restrictions, use of third party data handlers, reporting of leaks, and collective dispute mediation.