TMT: local firms in South Korea

Kim & Chang

Including  ‘highly experienced partners, experienced senior associates, and passionate associates’, many of whom coming from a background in patents, engineering and in-house experience at telecom giants, Kim & Chang maintains its stellar reputation in the TMT market. Practice head Dong Shik Choi is an expert in M&A transactions, licensing, regulatory and compliance matters. Hyun Ho Eun is also involved in many of the practices’ high-end transactions in entertainment, game, sports, hotel, telecoms, and technology. Min Chul Park and Seong-Hyeon Bang assist telecoms, broadcasting and technology companies on structuring and launching their services to be compliant with Korea’s complicated regulatory framework.

Practice head(s):

Dong Shik Choi

Other key lawyers:

Hyun Ho Eun; Min Chul Park; Seong-Hyeon Bang

Testimonials

‘K&C has showed great performance with expertise and strength in TMT practice, especially catered for our needs and necessities.’

‘Min-chul Park is an outstanding attorney and is a leader in the Korean TMT sector. His knowledge, passion and ability to provide creative solutions is excellent.’

‘Good team that covers a variety of areas and issues. Reasonable cost. Good understanding of industry and technology.’

‘Seong-Hyeon Bang has good understanding of client’s service practice and always give good feedback to client’s needs. He always provides timely feedback and update.’

‘The TMT sector in Korea is rapidly changing, and service providers have to adapt and remain compliant with various new regulatory introductions every year. K&C, with its professional lawyers and other specialists, has great insights in TMT business and remains one step ahead of the local and global regulations in this area.’

‘The team consists of well-balanced members: highly experienced partners, experienced senior associates, and passionate associates. With these well-balanced members, they provide incomparable services and advice with competitive fees.’

Key clients

Yanolja Co., Ltd.

HYBE Co., Ltd.

Krafton Inc.

Affinity Equity Partners

KT Skylife

Bithumb

Korbit

LG Uplus

SK Telecom

Work highlights

  • Represented YANOLJA CO., LTD. in its issuance of new shares and sale of shares by existing shareholders amounting to 24.75% shareholding to SVF II CRYSTAL SUBCO (SINGAPORE) PTE. LTD.
  • Advised on HYBE’s acquisition of Ithaca Holdings.
  • Advised Krafton’s acquisition of Unknown Worlds Entertainment, Inc.

Yulchon

Yulchon is well-versed in the traditional TMT areas, as it is in the emerging fields of AI, big data, cloud computing and fintech, including blockchain. Doil Son continues to participate in leading M&A transactions and big data driven projects. Seung Hyuck Han and Chung Min Lee add complementary expertise in competition and regulatory matters, while head of data and technology, Sun Hee Kim focuses on e-commerce, online platforms and fintech.

Practice head(s):

Doil Son

Other key lawyers:

Seung Hyuck Han; Sun Hee Kim; Chung Min Lee

Testimonials

‘Yulchon Law Firm has extensive health care data legal knowledge and does its best to solve customer problems using various networks.’

‘Yulchon is made up of a group of experts who can provide comprehensive solution as a one-stop service. They handle complex matters quickly and appropriately based on expertise and experience.’

‘They strive for the highest quality of legal services, professionalism and care in all that they do and supported myself promptly and appropriately in response to all problem areas. Very competent and hard-working.’

Work highlights

  • Advised Unknown Worlds Entertainment, a US video game developer, on its sale of 100% equity stakes to Krafton.
  • Defended KT Against Korea Communications Commission’s Investigation regarding Violations of ‘Telecommunications Business Act’
  • Advised Hyundai Motor Company, a global vehicle company on legal guidelines for businesses to advance into new businesses using Metaverse.

Bae, Kim & Lee LLC

Bae, Kim & Lee LLC‘s diverse practice advises a plethora of Korean, Asia and EU based business-to-business connectivity vendors and telecoms companies, domestic broadcasters, as well supporting multinational automotive clients on connected vehicles and mobility platforms, social media platforms, finance and e-commerce service providers. Kwang Hyun Ryoo has experienced advising on telecom regulation, data protection, and e-commerce for clients such as Netflix, Tesla, Alibaba and Huawei. Sangjik Lee and Ji Yeon Park are also veteran regulatory advisors to telecom and broadcast market leaders. Kyungtae Ma is recommended for telecom licensing, evolving AI regulations and AI chatbot services. 

Practice head(s):

Kwang Hyun Ryoo

Other key lawyers:

Sangjik Lee; Ji Yeon Park; Kyungtae Ma

Testimonials

‘Superb data protection practice, they are our go-to-firm for this market’

‘Jiyeon Park provides excellent legal advice, particularly in the area of telecoms and satellites. Very responsive, well-thought-out and client focuses services.’

‘In addition to competition and regulatory issues, attorney Ji-yeon Park has shown expertise in broadcasting and communication, and we highly recommend her ’

Key clients

Huawei Technologies

Korea Telecom (KT)

LG Uplus

Maeil Broadcasting Network (MBN)

MAN Truck & Bus Korea

Microsoft

Seoul Broadcasting System (SBS)

Spotify

UT LLC (joint venture between Uber and SK Telecom)

Tesla

Work highlights

  • Advising Korea Internet Corporations Association on the issue of in-app payment policy of Google and Apple.
  • Advising UT (a joint venture company of Uber Technologies and T-map Mobility) on various regulatory and compliance issues for doing business in Korea.
  • Advised KT (Korea Telecom) on acquisition of Epsilon Global Communications, a Singapore-based global data company.

Jipyong

Jipyong‘s combined IT and IP practice offers transactional, regulatory and litigious services to a mix of clients, ranging from Korean broadcast and entertainment studios, to government bodies. So Young Lee is noted for his capabilities supporting clients in national R&D projects. As an IP, media and entertainment law specialist, Mun Hui Kim is sought after by film production companies, record producers and investment and distribution companies, on various investments and joint ventures in the Korean and Asia-wide entertainment sectors. Jeong Kyu Choe is the lead partner for telecoms regulatory work.

Practice head(s):

Jeong Kyu Choe

Other key lawyers:

So Young Lee; Mun Hui Kim

Key clients

Korea Communications Commission

TSE Co., Ltd.

The Ministry of Trade, Industry and Energy

The Research Foundation

The National Museum of Modern and Contemporary Art of Korea (“MMCA”)

InfoBank Corporation

Naver Corporation

Tesla Korea Limited

SANDBOX NETWORK Inc.

JTBC Plus, JTBC Discovery

JTBC Studios

SM Entertainment

JTBC

Disneyplus

tvN

Netflix

Keyeast Entertainment

Writer YOON Yi-soo

Wow Point

Work highlights

  • Representing a government agency in an appeal against the cancellation of the corrective orders it imposed.
  • Successfully represented TSE in the first instance of a TSE v. ISC patent infringement case related to a semiconductor testing socket patent, which led to the court decision in favor of TSE.
  • Participated in a task force to improve the laws and regulations relating to the prohibition of mandatory in-app purchase and advised on related matters.

Lee & Ko

Offering ‘unparalleled expertise’ across all facets of transactional and contentious TMT matters, Lee & Ko‘s practice is spearheaded by Kwang Bae Park and corporate lawyer, Soon-Yub Samuel Kwon  . Park’s core areas of expertise include telecom services, media, open-market platforms, and online advertising. Jongsoo (Jay) Yoon leads the data privacy team, which includes global data protection and cyber-security expert Sunghee Chae and licensing specialist, Hyun Jun Kim. Il Shin Lee is highly active on data breach cases, among other areas.

Practice head(s):

Kwang Bae Park; Jongsoo (Jay) Yoon

Other key lawyers:

Soon Yub (Samuel) Kwon; Sunghee Chae; Il Shin Lee; Hyun Jun Kim

Testimonials

‘Hwan-Kyung Ko, the main contact point and the leader of the team, is the one individual who has exceeded our expectations. Based on his deep knowledge of the fintech industry, he manages his team in ways that satisfy our needs.’

‘Sunghee Chae has proven to be a dependable advisor by offering a creative and practical solutions as well as a precise analysis of legal issues. I think she is the top opinion leader in IP field, especially data protection. She is also reliable in terms of keeping the legal fees at a reasonable level.’

‘Lee & Ko’s TMT team possesses a deep understanding of all aspects of our business operations. The part that we appreciate the most is their ability to come up with helpful solutions tailored to the specific needs of our company. Lee & Ko’s TMT team is extremely responsive, and its billing practices are consistent and fair. ’

‘Kwang Bae Park consistently provides responsive and thorough advice based on his in-depth knowledge and understanding of TMT laws in Korea as well as our company’s business operations. He has proven himself to be a highly capable and dependable advisor by going beyond offering an analysis of legal issues involved and coming up with creative and effective solutions.’

‘Il Shin Lee distinguished himself by displaying a solid understanding of the major TMT and financial regulations and by providing accurate and highly detailed analysis of the specific regulatory issues facing our company. When it comes to major TMT cases for Lee & Ko, Mr. Lee appears to be often involved as one of their main attorneys. He deserves positive and generous recognition.’

‘Sunghee Chae is known as a highly capable and reliable advisor who is experienced in various regulatory fields including data privacy and TMT regulations. She is good at managing different and sometimes conflicting demands from a lot of stakeholders by providing practical solutions. I think this makes her one of the few lawyers who is capable of handling a data privacy compliance project in a large, global scale, which she successfully did for my company.’

‘Kwangbae Park has played a leading role in the development of Korea’s ICT industries and legal market. Kwangbae Park has extensive and unparalleled experience, knowledge and expertise in the ICT legal field, and thus provides the best possible service to his clients with customer-tailored solutions to meet each client’s particular needs.’

Key clients

Marriott

Hyundai Motor Company and Kia Motors Corporation

eBay Korea Co., Ltd.

Coupang

LG Electronics

LG Chemical

SK Telecom

Naver

Audi Volkswagen Korea

Google LLC

Shinhan Financial Group

Korea Credit Bureau

Work highlights

  • Represented KCB in a lawsuit initiated by KB Card and NH Card seeking damages stemming from a data breach.
  • Advised DUNAMU Inc. on review of business structure in the NFT market.
  • Advised Permira Fund (acquirer) and GS Retail (acquirer) in the acquisition of Delivery Hero Korea LLC that operates the “Yogiyo” food delivery service application.

Shin & Kim

Shin & Kimhas excellent understanding and expertise in the TMT industry and is equipped with the ability to promptly respond to the ever-changing regulatory trends’. The firm is also a prominent advisor on government relations and policies. Its strong data privacy practice, led Jeong Ho Ahn and its IT regulatory practice, led by Kyu Hong Park, continue to be highly sought after by public bodies and multinationals operating in Korea. Senior associate Hyunie Kim routinely advises Korea’s biggest broadcasters, IT and telecoms companies on launch of their operations and compliance issues. Practice head Sinook Kang, ‘one of the most respected lawyers in the IT industry’. Juneyoung Jang is now in-house at Coupang.

Practice head(s):

Sinook Kang

Other key lawyers:

Jeong Ho Ahn; Kyu Hong Park; Hyunie Kim

Testimonials

‘The S&K TMT team stands out for its regulatory knowledge and experience working with online platform operators. The team are well aware of market changes, new global regulation and compliances and promptly and professionally assist clients in these areas navigate the regulatory environment.’

‘Sinook Kang emphasizes the importance of collaboration, both within his department and with clients. Under his excellent leadership, the S&K TMT team boasts the best and most efficient team who strive to provide the best outcome for clients.’

‘Kim Hyunie accurately identifies what the client is concerned about and comes up with a clear and practical response.’

‘Sinook Kang is my most respected senior lawyer, is very capable of leading the project. A total game changer. Sinook Kang has the ability to provide a clear solution to the client’s problems and to manage projects efficiently even when they’re always on a tight schedule.’

‘The TMT team at Shin & Kim has an excellent understanding and expertise in the TMT industry and is equipped with the ability to promptly respond to the ever-changing regulatory trends. This is what distinguishes Shin & Kim’s team from other law firms. They are always up-to-date, if not a few steps ahead, and maintain the highest degree of expertise, often surprising me with how quickly they understand this information and the policy trends.’

‘Jeong-ho Ahn deserves credit for the success of S&K’s TMT team. Jeong-ho has been spearheading the team on our latest issues. His meticulousness and focus on various tasks provide us with the most appropriate insights and advice when we need them.’

‘Sinook Kang has emerged as a prominent lawyer in the field. His excellent communication skill with wide industry connections enables him to offer a wide range of options for clients.’

‘Shin-Wook Kang is one of the most respected lawyers in the IT industry, especially with solutions to difficult and complex problems that other lawyers cannot easily solve. I think his greatest strength is his broad and deep understanding of both laws and policies.’

‘Junghyun Hwang is a junior attorney who works with Mr. Kang on many matters and, just like Mr. Kang, he has excellent communication skills and legal analysis ability. He always provides accurate solutions to problems, and every time he does, I am reassured that he is a lawyer I can always count on.’

Key clients

SK Broadband

The Walt Disney Company (Korea) LLC

LGU+

Coupang

Kakao Corp. and its affiliates

Chubb International Investments Limited.

Twitter Japan K.K.

Breville Pty Ltd.

Osstem Implant Co., Ltd.

Balaan

Dunamu Inc.

Inmarsat Global Limited.

KT Studio Genie

Work highlights

  • Advised The Walt Disney Company (Korea) LLC on its launch of Disney+ , and on issues regarding service fees, payments, refunds, processing of personal information, and transmission of promotional and marketing materials.
  • Advised LGU+ , one of Korea’s top telecom carriers and IPTV service operators, on IPTV channel advertisement, cooperation with Disney+, expansion of services for children, and disputes with CJ ENM.
  • Assisted Coupang in responding to three security incidents where the personal information of users of Coupang and Coupang Eats applications were leaked.

Yoon & Yang LLC

Kwang-Wook Lee heads the TMT department at Yoon & Yang LLC, where he is recognised for his expertise in various emerging technologies. Keun Woo Lee is the lead partner for mandates involving e-commerce, data privacy and trade secrets. Sugyoung Yi is the main contact for broadcasting and telecom clients, while Se Bin Song handles works in the media and entertainment sectors.

Practice head(s):

Kwang-Wook Lee

Other key lawyers:

Keun Woo Lee; Sugyoung Yi; Se Bin Song

Key clients

Qualcomm

TCAST

Korea Broadcasting System (KBS)

Munhwa Broadcasting Corporation (MBC)

Seoul Broadcasting System (SBS)

BTC Korea.com

British American Tobacco Korea

D’Live

SK Telecom

Chanel

Cargill Agri Purina

Heineken Korea

Galderma Korea

Netflix

Viacom

Hyundai Homeshopping

NAVER Financial Corporation

Work highlights

  • In connection with non-fungible token (NFT) and Metaverse businesses, assisted Line Corp, on whether NFT transactions in an NFT business model can be considered a virtual asset for anti-money laundering purposes under the Act on Reporting and related copyright issues.
  • Represented TCAST in its dispute with LG Hellovision regarding channel use fees.
  • Advised KBS, MBC, SBS, three major terrestrial broadcasting companies in Korea filed a complaint against LGU+, an IPTV operator in Korea, claiming damages for payments under a contents supply contract.