Firms in the Spotlight Legal market overview

Lee & Ko

Lee & Ko logo

Lee & Ko is a premier full-service law firm with more than 800 professionals dedicated to providing expertise across all legal sectors. Since its inception in 1977, Lee & Ko has represented a wide range of clients, from leading Korean conglomerates and multinational corporations to financial institutions and private equity firms, in the most complex …

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Bae, Kim & Lee LLC

Bae, Kim & Lee LLC logo

Bae, Kim & Lee LLC (BKL) is among the oldest and largest law firms in Korea with over 600 professionals. With practice groups specialised in every significant area of law for business in Korea, BKL supplies timely, accurate and practical legal support to its clients, wherever they are based, across a broad cross-section of industry, …

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Yoon & Lee

Yoon & Lee logo

Yoon & Lee is a specialist IP law firm with over 30 years of experiencing in providing the highest quality services to leading domestic and foreign companies. The firm provides a comprehensive range of IP services from prosecution and litigation for patents and trademarks to consultation services for management and enforcement of IP rights.

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Kim & Chang

Established in 1973, Kim & Chang is Korea’s premier law firm with a market leading position in all practice areas including antitrust and competition; banking; capital markets; corporate investigations and white collar defense; environment; financial regulation and compliance; financing; fintech; health; insolvency and restructuring; insurance; intellectual property; international arbitration and cross-border litigation; international trade and …

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Shin & Kim

Shin & Kim logo

Now in its 40th year, Shin & Kim is one of the largest and highly regarded law firms in Korea. The breadth and depth of experience offered by over 600 professionals (including Korean and foreign attorneys, patent attorneys, tax attorneys, certified public accountants, customs specialists and other advisors) has kept the firm at the forefront …

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DR & AJU LLC

DR & AJU LLC logo

DR & AJU advised Seongjeong Co., Ltd. on the acquisition of Eastar Jet. Eastar Jet suffered financial distress and began corporate rehabilitation procedures in February 2021. Seongjeong, which became the preferred bidder in the stalking horse M&A procedure during the rehabilitation process, signed the acquisition agreement and succeeded in acquiring 100% of Eastar Jet’s new …

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Legal market overview in South Korea

The South Korean economy, as it has in the previous year, continues to enjoying record levels of activity, from the year’s largest M&A deal; Shinsegae Group’s E-Mart Inc acquisition of an 80% stake in eBay Inc for $3bn, to its record number of companies newly listed on the KOSPI market and a record high of capital raised in IPOs reaching 20.8 trillion.Continuing the trend for greater comprehensive regulatory monitoring, the Korea Fair Trade Commission (KFTC) has taken an increasingly active role in “levelling the playing field” and enforcing competition laws and remedying anti-competitive,  unfair trade practices, particularly in the areas of  franchising, retail agency and sub-contracting. In the data protection realm, the Personal Information Protection Commission slapped record fines on Google and Meta over violations of privacy laws, amid growing concern about a lack of personal data protection in the highly digitalised society.Furthermore, one of 2022’s key legislative introductions, The Act on Punishment for Serious Accidents, sets forth penalties against business owners, managerial responsibility holders, public servants and corporate entities that are responsible for causing harm. As a result, many firms have expanded their employment, regulatory and disputes practices to include specialists in industrial accidents and health and safety.Fintech and more broadly, Industry 4.0, has grown exponentially in recent years, leading to a surge of boutiques focusing on servicing start-ups in the financial services and tech sectors. D’Light Law Group, VEAT Law Firm and SEUM Law are among the top practices. Full service firms such as Kim & Chang, Lee & Ko, Bae, Kim & Lee LLC and Shin & Kim remain at the forefront of the Korean legal market.