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Editorial

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  1. TMT – Local firms
  2. Leading individuals
  3. Next Generation Partners

Next Generation Partners

  1. 1

Led by Sangjik Lee, Bae, Kim & Lee LLC’s TMT team has an ‘outstanding network, knowledge and expertise in the area’. In recent highlights, Lee, alongside ‘focused and efficient’ regulatory experts Ji Yeon Park and Kwang Hyun Ryoo, successfully represented KT Corporation in the first Korean ruling on whether, and to what amount, web companies can arbitrarily utilise their users’ PCs and rental networks. Jong Baek Park advised Bithumb and chaired the Cryptocurrency Committee aimed at resolving issues of fostering cryptocurrency exchanges, and also assisted Hancom in setting up its compliance programme. Joon Yong Park focuses on the management of large-scale M&As for broadcasting and telecoms companies.

Kim & Chang continues to be a prominent player in the TMT market. Department head Dong Shik Choi is singled out for his ‘excellent track record, experience and wisdom’ and his team frequently draws upon its multi-disciplinary expertise in M&A, antitrust and intellectual property to advise on complex large-scale transactions. Recent work highlights include Min Chul Park and Jung-Chull Lee assisting Mercedes-Benz Korea with the launch of a connected car service. Jin Hwan Kim and Brian Oh focus on litigation and regulatory issues, and Hyun Ho Eun represented NXC Corporation in its acquisition of the controlling shares of Korbit Inc. Seong-Hyeon Bang and In Sang Kim are also names to note.

Lee & Ko’s TMT group has a strong reputation acting for traditional media and telecoms clients and a growing speciality advising on fintech and cryptocurrencies. Practice head Soon-Yub Kwon’s expertise spans commercial transactions, regulatory and legislative matters. Kwang Bae Park is praised for his ‘flexibility, client friendliness and experience’; he advised Kyobo Life Insurance on a new service based on blockchain technology. M&A specialist Jubong Jang and Park have advised Emart on various legal issues related to the transfer of assets by an online shopping mall. Hyun Jung Kim is recommended for complex regulatory and licensing matters. Regulatory expert Hwan Kyoung Ko assisted the CJ Group with the establishment of a big data analysis platform.

Shin & Kim's TMT practice recently launched an IT support centre to provide advice for start-ups and SMEs. Sinook Kang leads the sizeable team which includes Juneyoung Jang, who advises SK telecom and KT Corporation on IT regulations, privacy and personal data protection issues. Sung Geun Kim specialises in telecoms-related transactions, while Su Yong Jung is an expert in communications and broadcasting law. The practice counts LGU+, Telenav, and Estsoft as clients which it advises on M&A, licensing, data protection and litigation.

Yulchon has a strong offering in data privacy and cybersecurity and has further strengthened its capacity with the recruitment of five experienced partners. Head of data privacy and protection Doil Son recently advised Cisco on the licensing of a new service, and along with Sun Hee Kim assists Mirae Asset Life Insurance with data privacy compliance issues. Key figures in the multi-disciplinary team include foreign counsel Jai Wook Lee, Seung Hyuck Han, Kee Jeong Kim and Seung-Min Lee.

Jipyong’s TMT practice advised SM Entertainment on the acquisition of a 28% interest in Mystic Entertainment. The group also regularly works with Showbox on several film investment agreements, development and production. Key contacts are Chang Ik Sung, So Young Lee, Mun Hui Kim and Jeong Kyu Choe.

Yoon & Yang LLC's multi-disciplinary group handles regulatory matters, M&A, licensing and dispute settlement for clients including BTC Korea.com and CNH Industrial. Kwang-Wook Lee leads the team; he and senior foreign attorney Kenneth Kim advised CNH Industrial on personal data protection compliance matters.

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Dinner with GC -
Korea 2018

  • China and Hong Kong GC Powerlist

    In May, The Legal 500 and GC Magazine added another country to the list of destinations for their exclusive Dinner with GC series, as South Korea’s elite in-house counsel came together at Mugunghwa in Seoul, for a closed-door discussion on the realities of the role.

    Dinner with GC - Korea 2018

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Legal Developments in South Korea

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Greater Reforms for Promoting Work-Life Balance – Changes to the Gender Equal Employment....

    Greater Reforms for Promoting Work-Life Balance – Changes to the Gender Equal Employment and Work-Life Balance Support Act
  • Lee & Ko successfully represents Big Hit Entertainment against unauthorized use of BTS’ photos

    Lee & Ko, on behalf of Big Hit Entertainment (“Big Hit”), obtained the first-ever decision in Korea to recognize the entertainment companies’ right to independently request for injunction against those who free-ride on the customer attractiveness that is based off of popularity and fame of the artists managed by the companies. This landmark decision is expected to serve as an important pedestal in protecting the legitimate interest of entertainment companies (domestic as well as international) that manage famous artists and entertainers and remain vulnerable to unfair competition of free-riders.
  • First- Ever Decision by the Supreme Court of Korea ...

    First- Ever Decision by the Supreme Court of Korea to Find Copyright Infringement in the Selection, Arrangement or Combination of Game Elements
  • Key International Tax Law Amendments in the Draft 2019 Tax Revision Bill

    On July 25, 2019, the Ministry of Economy and Finance publicly released the 2019 draft Tax Revision Bill (the “Draft Bill”). The Draft Bill is expected to be sent to the National Assembly on September 3, 2019 for deliberation and adoption.
  • Russian Court’s Judgment Recognized for Enforcement in Korea

    Recently, based on the premise that requirements for “mutual guarantee” or “reciprocity” in relation to the recognition and enforcement of foreign judgments can be allowed between Russia and Korea, a District Court of Korea rendered its decision which allowed a judgment concluded by a Russian court to be enforceable in Korea (see Changwon District Court, Decision 2018Gahap51099 held on January 17, 2019).
  • Korean National Assembly Passes “Blind Hiring” Bill to Reform Hiring Culture

    Recently, the National Assembly of Korea passed legislative amendments to the Fair Recruitment Procedure Act (“FRPA ”) as part of the reform efforts to address the country’s recruitment culture. The latest amendment – dubbed the “blind hiring” bill – expands the FRPA to prohibit any type of recruitment irregularities (e.g., improper solicitation, coercion, pressure) and, more importantly, bars employers from asking jobseekers to provide any information unrelated to the position and the applicant’s merit. The amended FRPA will go into effect starting July 17, 2019.
  • Korean Financial Supervisory Service Mandating Disclosure of Transaction Documents When Filing Repor

    Korean Financial Supervisory Service Mandating Disclosure of Transaction Documents When Filing Report on Material Facts
  • Successful Challenges to Korean Health Insurance Regulator’s 13-Year Old System...

    Successful Challenges to Korean Health Insurance Regulator’s 13-Year Old System of Automatic Reduction of Original Drug Price
  • Korean Supreme Court Confirms Licensee’s Standing to Challenge Patent Validity

    On February 21, 2019, the Supreme Court of Korea issued an en banc decision overruling its prior precedents on the issue of whether a licensee who is continuing to make royalty payments under an existing license agreement nevertheless has standing to challenge the validity of the licensed patent. In short, the Korean Supreme Court held that absent special circumstance, a patent licensee is an “interested party” eligible for challenging the validity of a licensed patent, despite the lack of any threat or potential threat posed by the patent holder against the licensee’s right to use the patented invention. (Supreme Court En Banc Decision No. 2017Hu2819).
  • Amendments to the KFTC Merger Review Guidelines

    The Korea Fair Trade Commission (the “KFTC ”) recently amended its Guidelines for Merger Review (the ”Guidelines ”), which took effect from February 27, 2019. The Guidelines now provide for particular issues relating to “innovation markets” and “big data” that will be considered during the KFTC’s review of mergers within R&D-intensive (i.e. innovative) industries.

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