Firm Profile > Yulchon > Seoul , South Korea

Yulchon
PARNAS TOWER 38F, 521 TEHERAN-RO
GANGNAM-GU
SEOUL 06164
South Korea

Dispute resolution: local firms Tier 1

At Yulchon, the dispute resolution practice is jointly led by Il Bong Moon and Dong Ryul Choi. The firm has a strong track record of handling complex and high-value cases for clients in sectors such as chemicals, financial services, telecoms and energy, among many others. Reflective of its high-end work, Choi, Sung Bom ParkJeong Yeol Choe and Kyoung Yeong Kim are representing Qualcomm at the Seoul High Court in an appeal of the KFTC's decision to impose a fine for an alleged abuse of a dominant position by the client in mobile communication technologies. Also notable is that Moon is working with Tae Jin Cha and Jin Yong Heo to defend NH Investment & Securities Co., Ltd against a lawsuit brought by Hyosung Corporation in connection with the client's alleged failure to finance and manage a Romanian solar photovoltaic power station construction project. Sang Hyeon Gwack's varied practice includes antitrust, tax and real estate/construction litigation. Also experienced in complex disputes are individuals such as Dong Soo HanYong Pyo Yeom and Ju Bong Park.

Tax: local firms Tier 1

Amazon, Google and Netflix are just a few new names which recently instructed the tax team at Yulchon. The boost to the firm's client roster was accompanied by several key arrivals from both in-house teams and rival law firms; particularly of note is Joo Heon Lee who joined from Seoul Bankruptcy Court in March 2019. Approximately 50% of the tax practice is comprised of aggressive tax litigation, with the remainder a roughly even split between tax audit work and M&A-related tax structuring and advice. A specialist transfer pricing sub-practice is another hallmark of the department; Dong Hoon Ha is the name to note on this front. Key contacts Seok Hoon Kang and Dong Soo Kim are joint practice heads.

TMT: local firms Tier 1

Yulchon's cross-practice TMT offering comprises practitioners from the firm's broader corporate and finance, administrative, IP, antitrust and regulatory departments. The group is known for working on mandates involving particularly innovative technologies such as big data, artificial intelligence (AI), fin-tech and alternative payment methods. Major names in the telecommunications and media spaces, such as SK Telecom and SBS Media, also feature on the firm's enviable roster. Practice head Doil Son regularly represents these entities. Regulatory specialist Sun Hee Kim is also recommended, as is administrative law expert Seung-Min Lee.

Antitrust and competition: local firms Tier 2

Hee Woong Yoon and Sung Bom Park together head up the antitrust and competition department at Yulchon, which regularly assists clients with cartel and Abuse of Dominance investigations, and issues related to unfair trade practices and deceptive advertising. In addition to high-profile behavioral cases of this kind, the practice group also handles high-value merger clearance mandates for blue-chip corporations operating in a wide range of sectors including aviation, industrial, pharmaceuticals, manufacturing and electronics. Chevron Corporation and Abbott Laboratories are two impressive new additions to the team's enviable client roster. Cecil Chung is the name to note for international antitrust work. In Seon Choi departed for Kim & Chang in August 2018.

Capital markets: local firms Tier 2

Yulchon handles both debt and equity capital markets issues. It advises issuers and underwriters on the offering process, raising capital and regulatory issues. Other areas of expertise include block trades, IPOs, bond issuance and securitization. Kyu Sik Kim is recommended for his experience in financial regulation, structured finance, project finance, M&A and acquisition finance. Associate Soo Yeon Choi is also recommended.

Corporate and M&A: local firms Tier 2

Although Yulchon has a historical reputation undertaking corporate and M&A work for Korean companies, it also demonstrates strong capabilities advising foreign multinational corporates on inbound investment transactions, as was illustrated in 2018 when Tehyok Daniel YiHyun Chul Cho and Joon Hyung Kim led the advice to L'Oréal on its acquisition of Korean cosmetics and fashion company Nanda. Work for domestic and international private equity funds is another mainstay of the practice; Chung-In Anthony ChoiJae Hyun Park and Myung Jae Lee were among the advisers to KKR on a strategic partnership with Shinhan Financial Group to seek investment opportunities abroad. Young Su Shin is experienced in M&A between financial institutions. Elsewhere, the team provides support on ancillary matters, such as antitrust and regulatory issues, corporate governance and licensing. Seungyul Shawn Yum is recommended.

Insurance: local firms Tier 2

Yulchon's fast-growing insurance and reinsurance practice has gained momentum since 2012, with it increasingly being sought out to advise on regulatory issues, M&A, corporate restructurings, claims coverage, tax, insolvencies and competition. In addition, insurance-related disputes are another mainstay of the practice. Young Su Shin, who heads up the team, has over 18 years of experience of the insurance arena. Managing partner Hee Woong YoonDoil Son and Sung Wook Eun are among other notable individuals in the group. Hyeon Hwa Shin and Yun Jae Baek are also recommended. The team is currently assisting Lotte Group with the sale of Lotte Insurance. In 2018, a highlight involving assisting Samsung Fire & Marine Insurance with preparing the first cyber-insurance policy package in English ever to be developed for sale in Korea.

Intellectual property: local firms Tier 2

A significant uptick in trade secret matters is evident at Yulchon's IP department. In order to meet this demand, the firm has developed a devoted trade secrets subgroup which is headed by Hyeong Joo Lim. Lim boasts a track record of representing clients in patent infringement cases before the supreme court. The group is reputed for fostering strong relationships with major players in the healthcare and pharmaceutical sectors, although it also regularly services clients in the consumer electronics, software, specialty chemicals and steel sectors. Jeong Yeol Choe acts as overarching practice head. Cheol Hwan Kim, Yong Min Lee and foreign attorney Sung Mok Lee are also highly recommended.

International arbitration Tier 2

Yulchon has a broad international dispute resolution practice, which covers all aspects of arbitration cases, including related court proceedings. Underlining its credentials in cross-border disputes, the team comprises of practitioners with experience of working at international law firms in jurisdictions worldwide. It has vast experience of representing clients in cases involving all major international arbitral institutions, such as ICC, LCIA, SIAC, HKIAC, AAA/ICDR, KCAB, CIETAC, VIAC, SHIAC. It also appears brought before ad hoc bodies under the UNCITRAL rules. Yun Jae Baek co-chairs the practice with senior foreign counsel Andrew White. White specialises in construction-related matters. Elsewhere, the firm's work spans other areas, such as energy, healthcare and manufacturing. In addition to undertaking commercial arbitration cases, investor-state disputes are another area of activity. Hyung Keun LeeJeonghye Sophie Ahn and Hyun Ah Park are other key figures. Sae Youn Kim has moved to Kim & Chang.

Real estate: local firms Tier 2

The real estate practice at Yulchon covers the full gamut of domestic and cross-border transactions, fund formations and financing deals, and provides comprehensive tax and project finance advice through its cross-practice approach. Some of the key names to note include Bong Hee Han who primarily practices in the areas of real estate, M&A, finance and overseas investment, Tae Jin Cha and Jin Seok Choi who sits in the corporate and finance group. Ju Bong Park spearheads the construction and real estate practice with the support of firm co-managing partner Hee Woong YoonGeen Kim recently joined from Lee & Ko and specialises in financial investment products, collective investment schemes, real estate investments and cross-border investments.

Regulatory: compliance and investigations: local firms Tier 2

Yulchon’s team is well-versed in regulatory compliance and investigation matters in industries such as defence, energy, construction, airline, biotechnology, retail, education and pub. In addition, the group has recently expanded its expertise to encompass tax, antitrust, finance, labour, international investigation and healthcare-related crimes. Dong Ryul Choi and Il Bong Moon jointly head the practice. Yoon Soo Lim departed the firm.

Shipping: local firms Tier 2

Yulchon undertakes a mix of contentious and transactional (particularly ship finance and restructuring) mandates for clients. In 2018, Christopher Joon Tae Cho and senior foreign counsel Seung Keun Park advised Korea Trade Insurance Corporation (K-Sure) on the restructuring of Seadrill Limited, which included its Chapter 11 filing with the US Bankruptcy Court for the Southern District of Texas. Another highlight saw Cho, Park and others act for Hana Financial Investment/Hyundai Asset Management on its subscription to $82m bonds issued by MPC Container Ships (MPC), the proceeds of which were used by MPC to acquire container ships. Geen Kim is also recommended.

Banking and finance: local firms Tier 3

The ability to advise banks as both lenders and borrowers on a broad range of transactions distinguishes the corporate and finance practice group at Yulchon. Mandates related to structured finance, finance-linked derivatives, asset-backed securitization, real estate finance, acquisition finance, asset finance and project finance all fall within the remit of the team. Fund management work is another key piece of the practice. Senior foreign attorney Sung Keun Park plays a key role in nearly all of the group's work in this space. Also recommended are joint practice heads Hee Woong Yoon, Doil Son, Young Su Shin and Seung Wook Eun.

Labour and employment: local firms Tier 3

Under the leadership of Sang Wook Cho, the labour and employment practice at Yulchon has significantly strengthened its capabilities in the area of labour inspections through the addition of senior advisor Ji Weon Jeong from the Ministry of Labour and Employment. On the international front, the group conducted several significant sexual-harassment and workplace harassment investigations, advised on restructuring projects, carried out several wage-and-hour compliance reviews, and assisted multinational corporates with the reduction of their exposure to employee-recharacterisation risk respecting their service providers. Also notable are Wansoo Kim and Christopher Mandel who was recently promoted to partner.

Projects and energy: local firms Tier 3

Yulchon undertakes work on infrastructure, real estate development and PPP projects. The firm has developed an expertise in renewable energy and emissions trading alongside its knowledge of conventional energy in the domestic South Korean Market. Raymond M.Kang heads up the team and advises on greenfield and brownfield energy and infrastructure matters alongside financing for energy projects. Kang's experience extends to work in China, Indonesia, Cambodia and Vietnam. Yong Hee Yoon possesses an expertise in energy and environmental law and is also recommended.

The firm: Yulchon is a full-service international law firm headquartered in Seoul, with a broad client base comprised of major domestic and foreign companies. The firm employs over 400 professionals, including more than 60 licensed in jurisdictions outside of Korea. Having represented clients from six continents and helped companies expand around the globe, the firm has the global reach and capabilities to effectively break through boundaries across cultures and practices. By delivering innovative, outside-the-box solutions to complex challenges that face today’s businesses, Yulchon continues to be on the cutting edge of legal practice.

An acknowledged market leader in the development and practice of law, it has been extolled by the Financial Times as ‘able to anticipate industry changes and devise new solutions for clients.’ As a multidisciplinary group of experts, the firm is agile, adaptable, but above all, passionate about its commitment to delivering world-class services to world-class clients. The firm is frequently retained to negotiate complex transactions, help draft new legislation and regulations and represent clients in high-stakes adversarial proceedings. Through the firm’s ‘One Firm Partnership’ philosophy, it maintains high standards of excellence and values a culture of collaborative problem solving. But above all, strong relationships with government agencies and other international law firms keep the firm nimble and ready to take decisive action.

Many of the world’s most distinguished clients choose Yulchon as their legal counsel in Korea, including Agfa, AMD, Audi, ABB, Bayer, BP, Broadcom, Carlyle Group, Coca-Cola, Chrysler, Continental, Dell, Deutsche Bank, Ericsson, GE Capital, Goldman Sachs, GS Caltex, HP, Hyundai Motor Company, ING, LG Electronics, Lone Star, Lotte, Marriott, MBK Partners, Microsoft, Morgan Stanley, Nestl?, Otis Elevator, P&G, POSCO, RWE Energy, Samsung Electronics, Siemens, Swiss Re, Texas Instruments, Universal Music and Vopak.

Recent honours include: Chambers and Partners ‘South Korea National FIrm of the Year’; Financial Times ‘Most Innovative Law Firm in Dispute Resolution’; Financial Times ‘Most Innovative Law Firm’ in Korea for two consecutive years (2015-2016); The Asian Lawyer’s ‘Asian Law Firm of the Year’; International Tax Review’s ‘Asia Tax Transactions Firm of the Year’ and ‘South Korea Tax Firm of the Year’ and Tier 1 for Tax and Transfer Pricing; Chambers and Partners tier 1 for competition/antitrust, corporate/M&A, employment, real estate and tax; IFLR 1000’s band 1 for competition and M&A; TheLegal 500’s tier 1 for tax, antitrust and competition, real estate, and employment; Asialaw Profiles’ 2016 ‘Highly Recommended Law Firm’ in construction and real estate, corporate/M&A, dispute resolution, labour and employment; Managing Intellectual Property’s Tier 1 for IP patent contentious; Asian Legal Business’ ‘Employer of Choice’; and ‘Top 100 Law Firm in the World’ for 14 consecutive years by Global Competition Review.

Areas of practice: Yulchon is structured around seven major practice groups: antitrust, corporate and finance, tax, dispute resolution, real estate and construction, labour and employment, and intellectual property. Each group is recognised as a leader in its respective field and consistently ranks among the best practices in Korea for their work on high-profile and landmark transactions. These groups are supplemented by a number of smaller practice teams focusing on a specific industry, region or subject matter which has enabled the firm’s clients to benefit from the comprehensive breadth of a full-service law firm and the expertise and experience of a specialist practice. The firm develops new practice teams to meet clients’ needs in the ever changing business and regulatory environments. The healthcare practice team and cyber security and privacy practice team are excellent examples. With extensive experience and influential government and regulatory resources, the firm’s attorneys are equipped to provide unparalleled legal, strategic and business advice. The success is grounded in its devotion to provide technical expertise and service capabilities at the highest level, supplemented by the industry know-how essential to achieve clients’ business objectives. Furthermore, in co-operation with a network of reputable international law firms, it provides clients, both domestic and foreign, with integrated and comprehensive services found only in preeminent international firms.

Department Name Email Telephone
General corporate, mergers and acquisitions Hee Woong Yoon
General corporate, mergers and acquisitions Sung Wook Eun
Labour and employment Hee-Chul Kang
Labour and employment Sang Wook Cho
Banking and finance, capital markets Ben B Hur
Banking and finance, capital markets Christopher Cho
Securities and securitisation Jai Yun Lim
Securities and securitisation Young Su Shin
Funds/private equity Hee Woong Yoon
Funds/private equity Jin Kook Lee
Real estate/construction Ju Bong Park
Real estate/construction Jin Seok Choi
Antitrust and trade regulation Hae Sik Park
Antitrust and trade regulation Cecil Saehoon Chung
International trade Jeong Cheol Cho
International trade Un Sang Jung
Bankruptcy and restructuring Chul Man Kim
Bankruptcy and restructuring Sun Kyoung Kim
Dispute resolution Hong Kun Yun
Dispute resolution Hyun Chul Byun
International dispute resolution Young Seok Lee
International dispute resolution Sae Youn Kim
Tax Dong Soo Kim
Tax Seok Hoon Kang
Customs Jeong Cheol Cho
Customs Un Sang Jung
Intellectual property Jeong Yeol Choe
Intellectual property Samuel Sungmok Lee
TMT Doil Son
TMT Seung Hyuck Han
Energy and environment Sung Wook Eun
Energy and environment Raymond M. Kang
Natural resources Tehyok Daniel Yi
Number of lawyers : 400+
Burmese
Cambodian
Chinese
English
French
German
Japanese
Korean
Portuguese
Russian
Spanish
Vietnamese
Contacts : Seok Hoon Kang (Co-managing Partner)
Contacts : Hee Woong Yoon (Co-managing Partner)