The Legal 500

39 SAJIK-RO 8-GIL (SEYANG BLDG, NAEJA-DONG), JONGNO-GU, SEOUL 110-720, SOUTH KOREA
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Work +82 2 3703 1114
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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

  • 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.