The Legal 500

39 SAJIK-RO 8-GIL, JONGNO-GU, SEOUL 110-720, SOUTH KOREA
Tel:
Work +82 2 3703 1114
Fax:
Fax +82 2 737 9091
Email:
Web:
www.kimchang.com

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Kim & Chang Strengthens and Expands its Practice Groups by Recruiting Valuable New Members

March 2010

Kim & Chang is pleased to announce a distinguished group of new partners and senior counsel. They exemplify the legal excellence and the high level of client service that distinguishes our firm in the marketplace. They will add to the success of their respective practices and contribute to our clients’ success.

Our new partners and senior counsel illustrate the firm’s continued wide-ranging growth in key practice areas. 

Hoe Sun Kim rejoins the firm as senior partner in the White Collar Criminal Defense Practice Group. Prior to joining the firm in 2005, Mr. Kim accumulated 25 years of experience as a public prosecutor at the Seoul District Prosecutor’s Office, the Supreme Prosecutor’s Office and the Seoul District Prosecutor’s Office, where he became the Vice Chief Prosecutor in 2002. During his time away from the firm, Mr. Kim was engaged as Vice Director for the National Intelligence Service. His distinguished career makes him an expert with extensive experience in a wide range of criminal law matters, specializing in white collar crime. Mr. Kim graduated from Seoul National University and received his M.C.L. from George Washington University Law School .            

Hye Kwang Lee is a partner in the Litigation and Arbitration Practice Group. Mr. Lee joins the firm with 20 years of experience as a judge. He served as the Chief Presiding Judge at the Suwon District Court and a Presiding Judge at the Seoul High Court. His has extensive experience in a wide range of civil, criminal, administrative and tax litigation, particularly in white collar crime. Mr. Lee graduated from Seoul National University and attended the University of Cambridge .  

Youngjin Jung is a partner in the Antitrust and Competition Practice Group. Mr. Jung has held various government positions, including legal adviser for the Korea-US and Korea-EU Free Trade Agreements. He was also a visiting professor at Duke Law School and an adjunct professor at Georgetown University Law Center . He has authored numerous articles on international trade and competition law and he is also a registered arbitrator at the World Bank’s ICSID Arbitration Panel and the Korea Commercial Arbitration Board. Mr. Jung’s significant legal expertise in all aspects of antitrust law will greatly contribute to the depth and scope of the practice group. Mr. Jung graduated from Seoul National University and received his LL.M and J.S.D. from Yale Law School .

Byungbae Kim is a senior counsel in the Antitrust and Competition Practice Group. Mr. Kim is former Vice Chairman of the Korea Fair Trade Commission (“KFTC”). He previously held numerous positions at the KFTC and other governmental ministries in Korea and worked as Senior Counsel for the International Business Affairs department in the Washington, D.C. office of Wilson Sonsini Goodrich & Rosati. Throughout his career, he has been regarded as one of Korea ’s top experts in competition law. He has extensive experience in policy design and coordination in the areas of trade and international economic cooperation. Mr. Kim received a B.A. from Yonsei University , an M.B.A. from UCLA Graduate School of Management and an LL.M. from Georgetown University Law Center .

Edward Kim is a senior foreign attorney in the Mergers and Acquisitions Practice Group. He is a member of the New York bar. Before joining the firm, Mr. Kim was a partner in the corporate department at Fried, Frank, Harris, Shriver & Jacobson LLP, specializing in mergers and acquisitions and private equity. He has extensive experience in the U.S. in international mergers and acquisitions, private equity, corporate spin-offs and restructurings and joint ventures. He has represented various institutions and corporations on their cross-border transactions in Asia, the U.S, and Europe . Mr. Kim received his B.A. from Davidson College and his J.D. from Cornell Law School .  

Sang Hyuk Park is a senior foreign attorney in the firm’s Corporate Department. He is a member of the New York bar. Before joining the firm, Mr. Park was a partner in the corporate and securities department at Dechert LLP since 1996. He has over 16 years of extensive experience in advising leading private equity funds, their portfolio companies and strategic buyers and sellers in domestic and cross-border transactions. Mr. Park received his B.A. from the University of Chicago and his J.D. from Cornell Law School .

Nelson K. Ahn is a senior foreign attorney in the Finance Department. He is a member of the New York Bar. Prior to joining the firm, Mr. Ahn served as Senior Counselor to the Minister of Finance & Economy and practiced with two major U.S. law firms as equity partner in New York . He has over 20 years of experience advising financial and non-financial institutions in the areas of cross-border and local transactions. Mr. Ahn received his B.A. from Columbia University and his J.D. from Boston College Law School .     

Nicolai Nahrgang is a foreign attorney in the German Practice Group. He is qualified to practice in Germany and New York . Mr. Nahrgang has a wide range of experience in corporate transactions with a focus on leveraged buyouts and international mergers and acquisitions. He graduated from the University of Heidelberg and received his LL.M. from Cornell Law School .

 

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

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    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
  • Essilor’s Proposed Combination with an Optical Lens Maker in Korea is Blocked

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  • Comprehensive Measures to Protect Personal Data in the Financial Sector

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  • Essilor’s Proposed Combination with an Optical Lens Maker in Korea is Blocked

    In its press release on March 17, 2014, the Korea Fair Trade Commission (the "KFTC") blocked the proposed acquisition of 50% shares by Essilor Amera Investment Pte. Ltd. (a subsidiary of Essilor International S.A., the largest optical lens maker in the world) in Daemyung Optical Co., Ltd. (the second largest optical lens maker in Korea) citing inter alia the likely lessening effect on price competition and the probable future abuses of the enhanced market power. On top of the expressed competitive concerns, the KFTC observed that allowing foreign firms to acquire local firms and turn them into their local sub-contractors worsens the competitive market structure of the domestic optical lens industry.
  • Ordinary Wage: After the 2013 Supreme Court Decision

    1. First Trial Court Decision on Employer's Good Faith Argument On December 18, 2013, the Supreme Court of Korea made an en banc decision that ordinary wage includes regularly paid fixed bonus amounts. The Supreme Court also expressly noted that if an employer is able to prove that (i) there is an agreement between the employer and the labor union that fixed bonuses are excluded from ordinary wages and (ii) paying employees for past underpayment of overtime wages will cause a substantial detriment to the management or a major threat to the existence of the company due to the unexpected financial burden, then employees' claims for past underpayment can be denied based on the principle of good faith. However, the Supreme Court did not provide specific criteria for such denial, which caused controversy over the definite scope of application of its judgment (please refer to our newsletter of December 19, 2013 in this regard).
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  • Greater Labor Protections for Non-regular Employees

    On September 19, 2014, the Act on Protection of Fixed-Term and Part-time Workers ("Temporary Workers Act") and the Act on Protection of Dispatch Workers ("Dispatch Workers Act") were amended to offer greater protections to non-regular workers. In particular, (i) employers will be subject to greater economic implications if they receive a corrective order for discriminatory treatment of non-regular workers and (ii) part-time workers will be entitled to receive compensation for any overtime work performed.
  • 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

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