Yulchon > Seoul, South Korea > Firm Profile

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

South Korea > Antitrust and competition: local firms Tier 1

Antitrust forms a core pillar in Yulchon‘s practice, where it advises myriad Korean and international clients on merger control, cartel abuse and unfair trade practices. It is also experienced in misleading labelling and advertising practices. The practice is headed by veteran practitioner Sung Bom Park who also heads the healthcare group and is the lead partner on merger control cases involving global transactions in the aviation, healthcare and telecom industries. and is the lead partner on merger control cases involving global transactions in the aviation, healthcare and telecom industries. Cecil Saehoon Chung is well noted for multi-jurisdictional antitrust, consumer protection and trade regulation issues. Other leading partners in the group include Seuk Joon Lee and Kyu Hyun Kim. The team also includes an impressive number of experienced junior partners and senior associates.    

Practice head(s):

Sung Bom Park

Other key lawyers:

Cecil Saehoon Chung; Jin Chul Bae; Young Son Shin; Kyu Hyun Kim; Seuk Joon Lee; Hae Sik Park; Seung Hyuck Han

 

Testimonials

The Yulchon team provides sold and reliable advice. They are among the top firms in Korea. Cecil is always very responsive and helpful.’

‘Very strong competition practice, with an emphasis on practical solutions to advance the client’s interests.’

‘Cecil Chung has unparalleled experience with handling both US and Korean competition matters. Clients recognize the wisdom of his advice.’

‘Cecil in particular is unique given his experience in the US, which enables him to deal well with US clients doing business in South Korea and with Korean companies doing business in the US.’

‘They are very knowledgeable of Korean competition law and the KFTC. They also are very responsive and collegial.’

Key clients

Qualcomm

Schaeffler AG

Continental AG

Delta Air Lines

Microsoft

Agoda

Hanjin Transportation

GIC

Hitachi Automotive Systems

Work highlights

  • Continue to defend Qualcomm as co-defense counsel against the KFTC’s allegations of abuse of dominance in mobile communication technologies, first before the KFTC, then at the Seoul High Court and now before the Korean Supreme Court.
  • Successfully represented Delta in its “metal-neutral” contractual JV with Korean Air, the first of its kind in Korea.
  • Advising Microsoft in its $70 billion acquisition of Activision Blizzard, a leader in game development and interactive entertainment content publisher.

South Korea > Dispute resolution: local firms Tier 1

Housing a ‘strong mix of former judges and attorneys with a wealth of litigation experience’ Yulchon is noted for its handling of financial regulatory and corporate litigation, contentious tax, competition and employment cases and its newly assembled team of international litigation specialists. Among its leading partners are ‘outstanding‘ commercial litigator and arbitration counsel Yong Pyo Yeom, and blockchain and product liability specialist Ik Hyun Kim. Yeon Hak Kim, who was ‘an excellent judge and is now an excellent litigator‘ is a popular choice for corporate governance, preliminary injunctions, trade secrets and employment disputes. Sy Nae Kim is recommended for shipping and representation of Korean companies in overseas litigation. Practice head Il Bong Moonhas more legal knowledge and experience in financial litigation, than anyone else in the Korean market.’

Practice head(s):

Il Bong Moon; Dong Ryul Choi; Yong Pyo Yeom

Other key lawyers:

Testimonials

‘Il Bong Moon is known for his wealth of knowledge and experience in financial affairs, above all, in litigation in this field. He has more than 30 years of experience and know-how as a judge and lawyer, so he is good at providing solutions that are right for the case, and in some ways he can “play” with litigation and opposing parties. ‘

‘The team has a strong mix of former judges, attorneys with a wealth of litigation experience, and high level associates. Also, the team collaborates very well with other groups within the firm. The team is cost-effective and very committed to serving customers.’

‘Yong Pyo Yeom’s commitment to clients is unmatched. He has a company-wide and firmwide perspective, understanding exactly what needs to be done and putting together right resources to attain the goal.’

‘Kim Yeon Hak is a partner that always listens to customers’ requests and explanations. He is very sensitive to customer requests, but maintains an objective attitude to the case to an appropriate degree and is very good at predicting the success of the case.’

‘The Yulchon team that we work with has a wealth of financial, legal knowledge, knowledge on financial products and financial transactions, and knowledge regarding procedure that is required to carry out the financial litigation cases. Many partners with ten to thirty years of experience make up the team.’

‘Moon Il Bong has more legal knowledge and experience in financial litigation, than anyone else in the Korean market.’

‘Ik Hyun Kim is kind and passionate. In addition to providing customer-friendly and punctual services, he is constantly researching and writing thesis related to blockchain.’

‘Yulchon’s success rate is very high compared to other law firms. They are very excellent in their work and leave nothing to be desired. I am quite satisfied with the expertise of Yulchon in the litigation area and their advice is always top-quality. Their performance is excellent in comparison to their fees.’

Key clients

Samsung Electronics Co., Ltd.

Mirae Asset Daewoo Co., Ltd.

Coupang Corp.

Hyundai Motor Company

KB Kookmin Bank

KT

Shinhan Bank

Korean Air Lines Co., Ltd.

NH INVESTMENT & SECURITIES CO.,LTD.

Hyundai Engineering & Construction Co., Ltd.

Hana Bank

Work highlights

  • Successfully represented Mirae Asset and its affiliates in a landmark US$ 5.8 billion scrapped hotel deal dispute against Anbang Insurance Group, in the Delaware Court of Chancery as well as in the Delaware Supreme Court.
  • Acted for Shinhan Investment Corp. in successfully claiming damages regarding investment in leveraged crude oil futures ETN.
  • Representing the Korea Exchange in a Civil Action Brought by the Shareholders (Plaintiffs) of Gamma Nu Inc. Seeking Damages Against the KRX for KRX’s Decision to Delist Gamma Nu.

South Korea > Intellectual property: local firms Tier 1

With ‘unsurpassed technical expertise’ in bet-the-company contentious IP cases, Yulchon‘s lawyers represent a range of pharmaceutical multinationals, domestic electronics companies in patent infringements, and in the trade mark and designs sphere, act for global fashion houses and entertainment copyright holders. Patent litigator Jeong Yeol Choe chairs the practice, and works alongside fellow litigators Da Woo Lee, Min Seung Ku, Kyung Ae Yoon and Hyeong Joo Lim. Foreign attorney Samuel Sungmok Lee, and Yong Min Lee are also highly recommended. Associates Ji Haeng Hwang and Min Ju Park lend crucial support in litigation relating to telecoms, semiconductors, LED technologies and pharmaceuticals.

Practice head(s):

Jeong Yeol Choe

Testimonials

‘I can confidently say that Yulchon provides the highest level of legal service in Korea. The partners suggest the optimum suggestions based on our commercial requirements, which are always so thoughtfully presented based on their extensive experience, and deep expertise in the relevant IP laws. Their lawyers have unsurpassed technical expertise, allowing the client to fully trust their opinion and quality of work.’

‘Working with Kyung Ae Yoon, a partner patent attorney, I could not help being astounded by her wealth of experience, insight and the ability to push ahead with the work. It was a great joy to work with her and I can confidently say that she is the most passionate patent attorney I have worked with.’

‘Yoon, Kyung Ae, is a very good patent attorney. With her medical background knowledge and experience at the Korean Intellectual Property Office, she finds a way to register and protect a patent when no other lawyer could. Her advice is well-organised and legally sound, drawn from year of experience in the pharmaceutical sector.’

‘I would like to mention Lim Hyeong Joo, the partner, leading the IT team. His technical background in engineering, as well as his willingness to understand client’s internal dynamics revolving around the case at hand is what makes him stand out among others. ’

‘Kyung Ae Yoon, a partner patent attorney, promptly gave us feedback, produced good results in the trial and greatly supported the company in strengthening its capabilities. Based on her high level of expertise in the pharmaceutical industry and long experience accumulated in the Korean Intellectual Property Office, we highly recommend her as IP counsel.’

Key clients

Samsung Group

Corning Inc.

Seoul Semiconductor Co., Ltd.|

SK Group

Hanwha Group

Hyundai Group

LG Group

Daesang Corporation

Coupang Inc.

Pohang Iron and Steel Company (POSCO)

Work highlights

  • Co-counsel with Haynes & Boone to HiCon Ltd., a Korean semi-conductor testing equipment manufacturer, and its CEO, Mr. Dong Weon Hwang, against Dallas-based Plastronics Socket Partners, Ltd. and Plastronics H-Pin, Ltd. in a rare defense jury victory in the Eastern District of Texas and received a 100% win on appeal to the US Court of Appeals for the Federal Circuit.
  • Successfully represented Corning in defending validity of Corning’s valuable patent relating to Gorilla® Glass against one of Corning’s main competitors, AGC, Inc.
  • Represented ToolGen Inc., a patent owner of patents claiming various technologies of the CRISPR/Cas9 system in several legal actions stemming from its CRISPR/Cas9 patents, including a criminal action, negotiation, mediation.

South Korea > Tax: local firms Tier 1

Specialising in transfer pricing, auditing and M&A-related taxation, Yulchon is praised for its ‘exceptional legal and regulatory knowledge and courtroom experience’. Yun Heui Cho leads the contentious team, which reports an increasing amount of instructions in tax litigation and VAT appeals. Kyu Dong Kim and Yong Whan Choi are active on international tax mandates, while Se Hoon Park focuses on customs and Tae Hyoung Kim has transfer pricing expertise. Jeremy Everett assists international companies with their tax matters in Korea.

Practice head(s):

Seok Hoon Kang; Dong Soo Kim

Testimonials

‘Highly rated for its people, their exceptional legal and regulatory knowledge and experience in the courtroom, and collaboration with the client.’

‘Each team member is a true professional, who is able to view the issue from the clients’ perspective as if they were the client themselves. They inspire confidence from clients, knowing that the matter will be taken care of professionally. Yulchon always give 120% of their ability to accomplish the client’s goals.’

‘Each Yulchon team member is so responsive to any questions. Their speed outshine every other competitor.’

‘Yulchon is the only Korean tax advisor we work with – its services are spot on, excellent performance in tax litigation, in Korea and internationally. They are hand working, work with integrity and provide innovative solutions for each client.’

Key clients

Amazon

Google

Microsoft

Qualcomm

Corning

Cadence Design Systems

Koch Industry Group

PTC

Airbnb

Netflix

Agoda

Shutterstock

Bank of America Merrill Lynch

Goldman Sachs

TPG capital

Macquarie

Morgan Stanley

L’Oréal International

UPS

Meritz Alternative Investment Management

Hyundai Asset Management

Mirae Asset Global Investments

Coupang

British American Tobacco

Samsung Electronics

SK Hynix

LG Energy Solutions

Lotte Group

IGIS Asset Management

KTB Investment & Securities

Prudential

Kayak (Hotels Combined)

Société Générale

JP Morgan Chase Bank

Mastern Investment Management

ARA Korea Asset Management

Trescal

Agilent

Work highlights

  • Successfully represented foreign financial institutions including JPMorgan Chase Bank in education tax assessment litigation.
  • Advised Mastern Investment Management on its investment in a US real estate development project.
  • Advised ARA Korea Asset Management regarding the acquisition of an office building in London, England via a real estate fund.

South Korea > TMT: local firms Tier 1

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

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.

South Korea > Fintech and financial services regulatory Tier 1

Yulchon‘s practice is led by fintech and data protection partner Doil Son, together with Young Su Shin, head of the firm’s corporate and finance department. Advising across the full gamut of fintech and financial regulatory services, the team is particularly strong in advising on foreign exchange transactions, privacy-related issues, liaising with financial authorities and on investments and M&A relating to fintech companies. Jun-Hee Lee leads the fintech subteam.

Practice head(s):

Doil Son; Young Su Shin

Other key lawyers:

Jun Hee Lee; Gun Kim

Key clients

KB Kookmin Bank

Shinhan Financial Group

Shinhan Bank

Hana Bank

Nonghyup Bank

BNK Financial Group

Hanwha Investment & Securities

NH Investment & Securities

Shinhan Investment

Samsung Securities

DGB Daegu Bank

Work highlights

  • Provided financial regulatory advise on integrated finance platform “MONIMO” of Samsung Electronics Group financial affiliates.
  • Advised Shinhan Financial Group on the overall matters of a merger between subsidiaries of a financial holding company.
  • Assisted on an independent audit on Naver’s electronic financial business as required by the Specified Financial Information Act.

South Korea > Banking and finance: local firms Tier 2

Yulchon has a strong focus on capital markets, structured products, asset-backed securitization and finance-linked derivatives for hedging purposes, acting for an extensive portfolio of lenders and corporate borrowers. Combining the corporate and finance departments, senior foreign lawyers Christopher JoonTae Cho and Sung Keun Park are involved in the majority of the practice’s top asset, acquisition and real estate finance mandates. Si Mok Kim’s practice leans towards financial laws and regulations while Young Su Shin and Sung Wook Eun co-head the practice.

Practice head(s):

Young Su Shin; Sung Wook Eun

Key clients

kakaopay

Naver Financial Corp.

National Pension Service

Multi Asset Global Investments Co., Ltd.

Shinhan Investment Corp.

Korea Development Bank (KDB)

Glenwood Private Equity

K-SURE

Citi Bank

DBS Bank

Work highlights

  • Acted as counsel to the borrower in connection with the financing for the acquisition of certain shares in Hyundai Glovis.  
  • Advised KB Securities Co., Ltd. in the investment in a senior secured term loan back by U.S. listed shares and other securities of a U.S. midstream company.
  • Advised a lender group (inclusive of KEB Hana Bank) to extend a syndicate term loan facility to J&Tech Co., Ltd. in connection with its Dangjin-Songsan Waste Treatment Plant Construction Project.

South Korea > Capital markets: local firms Tier 2

Yulchon advises an enviable list of issuers, underwriters and investors on equity and debt capital markets, hybrid bonds and regulatory issues. Geen Kim is a trusted counsel in domestic and offshore alternative investments, and long-time advisor to one of the largest pension funds in Korea on its offshore alternative investments. Jin Kook Lee often acts for lead managers and issuers in equity capital markets transactions. Kyu Sik Kim and Gun Kim are ‘one of the most well experienced experts in the field.’ Young Su Shin and Sung Wook Eun head the wider corporate and finance department.

Practice head(s):

Young Su Shin; Sung Wook Eun

Other key lawyers:

Testimonials

‘The Yulchon team is exceptional in all aspects. They are available around the clock, which is very important upon executing overseas transactions. They are able to apply their vast experience on overseas transactions and their proactive attitude allows inspires confidence that everything will be handled to the highest standard.’

‘The team is well equipped with good knowledge and experience, but still very eager and very much devoted to the client. They are very responsive, proactive and accommodating.’

‘Geen Kim – Her vast experience on overseas transactions basically means she always has an answer to all questions. If in the most unlikeliest case she does not have an answer straight away, she returns to the client within a very short timeframe with the right answer and solution.’

‘Kyu Sik Kim and Gun Kim are definitively one of the most well experienced experts in the field.’

Key clients

KB Securities Co., Ltd.

Mirae Asset Securities (HK)

PS Alliance Co., Ltd.

BMW Group

Goldman Sachs (Asia) L.L.C.

Korea Investment & Securities Co., Ltd.

Lotte Rental

JP Morgan

Credit Suisse

Kia Corporation

Work highlights

  • Represented Renaissance PS No. 1 in a purchase of non-registered coupon private exchangeable bonds in the aggregate amount of KRW 305 billion in electronically registered value which are to be exchanged with common shares issued by TMON Inc., by Renaissance PS No. 1 from TMON Global Inc.
  • Advised German headquarters of BMW Group on the transaction of issuing the asset-backed securities in Korean public offering market with automobile instalment loans.
  • Advised Goldman Sachs (Asia) L.L.C. on a transaction involving the issuance of privately placed bonds to international investors with the right to receive the principal and interest under the Act on the Online Investment-Linked Financial Business and Protection of its Users as underlying assets.

South Korea > Corporate and M&A: local firms Tier 2

Lauded for its ‘outstanding and exceptionally well experienced’ group of corporate specialists, Yulchon is a favourite among Korean conglomerates, banks, and major private equity houses for M&A, joint ventures, hostile takeovers and regulatory work. Jae Hyun Park is a well-respected counsel for Korean clients on outbound investments, private equity and restructuring. Hyung Ki Lee is ‘commercially shrewd’, while foreign lawyer Tehyok Daniel Yi and Kyu Sang Hwang are considered ‘exceptionally sharp, well-experienced and talented’. Young Su Shin and Sung Wook Eun are the other significant figures in the team.

Practice head(s):

Young Su Shin; Sung Wook Eun

Testimonials

‘The team is just outstanding, exceptionally well experienced and equipped with helpful practical knowledge and dedicating attitude.’

‘Kyu Sang Hwang and Tehyok Daniel Lee are a good pair of partners. They are exceptionally sharp, well-experienced, and talented. Provide excellent service.’

‘Yulchon’s corporate practice has a deep bench with extensive experience in our industry. Very efficient service in both cost and quality-wise.’

‘Hyung Ki Lee provides pragmatic and commercially savvy legal support’

‘Our preferred lawyer at Yulchon is Hyung Ki Lee. Hyung Ki is commercially shrewd, always trying to offer workable solutions.’

‘Hyung Ki Lee, partner of Yulchon, is our main point of contact. He has a great understanding of our business and provides very practical and useful advice.’

‘Jin Kook Lee and Daniel Tehyok Yi were excellent on our M&A transaction. They were responsive, commercial, friendly, and very easy to work with. Outstanding lawyers from whom you can receive a top-tier service at reasonable billing rates.’

Work highlights

  • Acted for the sellers, Hillhouse Capital Management, Altos Ventures and GS PIA in the sale of their 87.3% equity stake in Woowa Brothers.
  • Advised CJ ENM on the  acquisition of 4,990 shares of Million Volt from existing shareholders at KRW 5,560,955,800 and acquisition of newly issued 9,266 shares at KRW.
  • Represented Carlyle Group in its acquisition of 10% shareholding of Hyundai Glovis Co., Ltd. from Honorary Chairman Mong-Koo Chung and Chairman Eui Sun Chung of Hyundai Motor Group.

South Korea > Insurance: local firms Tier 2

Yulchon‘s robust practice demonstrates expertise in transactional, regulatory, claims coverage, insurance disputes and in restructuring and insolvency relating to the insurance sector. The practice draws upon its wider team to assist Korean and overseas clients with M&A deals in the industry and in the establishment of new business operations. Practice head Young Su Shin is a ‘prominent market figure' for licensing, insurance–linked securities, reinsurance, tax-related instructions and guaranty insurance. Hyeon Hwa Shin and Hee Woong Yoon are the other key partners.

Practice head(s):

Hee Woong Yoon; Young Su Shin; Hyeon Hwa Shin

Testimonials

‘Yulchon’s insurance practice has great teamwork and provides prompt response to our requests’

‘Young Su Shin is very prominent in the Korean insurance industry and offers in-depth expertise on insurance matters’

Key clients

ACE European Group

Chubb Group pf Insurance Companies

Korean Reinsurance

Mirae Asset Life Insurance

Korea General Insurance Association

Korea Life Insurance Association

Dongbu Insurance

Dongbu Life Insurance

Seoul Guarantee Insurance

Lotte Insurance

Hanwha General Insurance

MetLife

KB Life Insurance

KB Insurance

Meritz Insurance

KDB Life Insurance

LIG Insurance

Samsung Life Insurance

Financial Supervisory Service / Financial Services Commission (Korean Government)

Samsung Fire & Marine Insurance

Kyobo Life Insurance

Tongyang Life Insurance

Korea Insurance Institute

Work highlights

  • Advice on a takeover acquisition of an Indonesian non-life Insurance Company.
  • Advice to Insurance Companies and Financial Institutions on the new Financial Consumer Protection Act.
  • Acted for KB Insurance Co., Ltd. in a lawsuit filed by a beneficiary of an insurance policy for insurance proceeds.

South Korea > Labour and employment: local firms Tier 2

Yulchon continues to grow its health and safety practice, and recently welcomed two former senior officials from the Korea Occupational Safety and Health Agency and Ministry of Employment and Labour, Kwan Woo Kim and Eun Gyu Paek, respectively. Practice head Sang Wook Cho, Jung Woo Lee and Jae Woo Park are its key litigators, with Soojung Lee and foreign counsel Christopher Mandel bringing their combined foreign expertise and knowledge working with international employers on cross-border employment law mandates.

Practice head(s):

Sang Wook Cho

Testimonials

‘Yulchon’s labour team is highly professional and manages clients’ inquiries and concerns in a customized manner and provides practical solutions. They are also very efficient in time management from the cost perspective and they are responsive and diligent. Their legal expertise is top-notch among other major law firms in Korea.’

‘Soojung Lee has extensive knowledge and experiences in Korean legal issues as well and she is capable of explaining very complicated legal issues in a structured and concise manner. She has also deep understanding of the way foreign companies operating in Korea and she provides customized solutions for foreign clients. She is a very good communicator and responsive to clients’ inquiries in a timely and efficient manner.’

‘Jaewoo Park, a partner lawyer, is very smart and bright.’

‘We work with the employment team at Yulchon on many of our South Korean employment matters. We find them to provide a good, efficient service. They are also great at presenting webinars on topical employment law subjects.’

‘Soojung Lee and Christopher Mandel are great practitioners: smart, responsive and practical.’

‘Jung-Woo Lee and Hyun-Young Seo are very customer oriented and committed to create positive outcomes for customers.’

‘I have worked with Yulchon’s labour and employment team for 11 years, and the team is very impressive and useful.’

‘Sang Wook Cho provides comprehensive and effective legal services in all types of labour issues.’

Key clients

ASML

Canon Korea

CBRE

Hyundai Motors Group

Kelly Services

Lotte Group

Samsung Group

Siemens

SK Hynix

Synopsys

Volkswagen Group Korea

Woori Bank

Work highlights

  • Represented Woori Bank in its defense against claims by ex-employees seeking rescission of their resignations and payment of additional severance. Obtained a potentially precedent-setting judgement in the first instance, if upheld on appeal.
  • Successfully represented Kangwon Land in defending against unjust-dismissal lawsuits brought by hundreds of employees who were terminated due to corrupt hiring practices.
  • Represented SK Hynix before the Supreme Court (after prevailing below) in litigation over whether certain profit-sharing bonuses should be counted in calculating employees’ statutory severance benefits.

South Korea > Real estate: local firms Tier 2

Yulchon is ‘well resourced for cross-border transactions’ and participates in numerous real estate development projects, leasing, investments into large-scale investments in office buildings, logistics, data and retail facilities, and REITs. Tae Jin Cha and Jin Seok Choi have a wealth of experience across all manner of real estate acquisitions, sale, financing and collective investment. Geen Kim and Sung You Choi specialises in REIT and offshore alternative investments. Construction partner Ju Bong Park is another key contact.

Practice head(s):

Tae Jin Cha; Ju Bong Park

Testimonials

‘The Yulchon team is exceptional in all aspects. They are available 24/7 around the clock, which is very important upon executing overseas transactions. They are able to apply their vast experience on overseas transactions and their proactive attitude allows the client to be fully assured that nothing is being missed out.’

‘Geen Kim – Her vast experience on overseas transactions basically means she always has an answer to all questions. If in the most unlikeliest case she does not have an answer straight away, she returns to the client within a very short timeframe with the right answer and solution.’

‘Sungyou Choi – he is very proactive always thinking of the next step ahead. He is very detail-focused, which along with his proactive attitude, makes the client that nothing is being missed out. Sungyou is reachable around the clock and always warm and friendly.’

‘Tae-jin Cha is very diligent and productive. Can be reached out 24/7.  He works with a brilliant team – very collaborative, knowledgeable and efficient. They are able to supplement the practice with their experienced tax department colleagues on cross border transactions.’

‘Well resourced for cross-border transactions. Keeping good trust relationship with the clients, which makes the team’s work very efficient.’

‘Jin Seok Choi is always accessible and quick to respond. He manages clients expectation well and delivers great results in cross-border transactions.’

Key clients

ARA Korea

ADF Asset Management

BentallGreenOak (formerly known as GreenOak)

BNK Asset Management Co. Ltd

CBRE Investment Management (Korea) Ltd. (formerly known as CBRE Global Investors (Korea) Limited)

DWS Asset Management (Korea) Co. Ltd. (changed name from Deutsche Asset Management (Korea) Co., Ltd.)

Hana Alternative Asset Management Co.,Ltd.

Hana Asset Trust Co.,Ltd

Hana Financial Investment Co., Ltd.

Hangang Asset Management Co., Ltd.

Hanwha Asset Management Co., Ltd.

Hotel Lotte Co., Ltd.

IGIS Asset Management Co., Ltd.

Inmark REITs Management Co. Ltd

JR AMC Co.Ltd

Keppel Investment Management Co., ltd.

Korean Teachers’ Credit Union

Kreits Investment Management Co., Ltd.

Lotte AMC

Morgan Stanley

Pacific Investment Management

Samsung Fire & Marine Insurance Co., ltd.

Shinhan Investment Corp.

Work highlights

  • Advised ARA Korea (REF) Limited on its acquisition of Marble Arch Place Building located at London, UK.
  • Advised ADF Asset Management on its acquisition of a major logistics facilities located in Yongin Gyeonggi-do, located in the vicinity of Seoul (transaction amount 1.4BN KRW).
  • Advised BentallGreenOak on a number of logistics facilities development projects.

South Korea > Regulatory: compliance and investigations: local firms Tier 2

Yulchon excels in investigations surrounding tax and antitrust law in Korea, with the team also experienced in defending executives in criminal investigations, acting in high-profile financial crime and industrial accident cases. It also continues to expand its police defence offering, in response to the recently expanded police investigative powers. Managing partner Dong Ryul Choi is experienced in economic crimes and regulatory enforcement, while Hak Seok Kim focuses represents public officials in financial crime and tax evasion investigations and trials. Beom Chin An and Jae Hyeok Choi also have a significant white-collar crime caseload. Seung Hyun Lee is praised for her ‘sound and indisputable expertise’. 

Practice head(s):

Dong Ryul Choi; Il Bong Moon; Yong Pyo Yeom

Testimonials

‘Yulchon’s criminal defence team comprises former public prosecutors and police officers. Based on their past investigative experience, they were able to swiftly and accurately identify the key elements of the case and establish adequate responses along with an overall game plan. They actively utilize their past network as a former prosecutor/police officer to communicate with prosecutors and investigators in charge of the case.’

‘Lee Seung Hyun is one of the few female attorneys with public prosecutor experience, and is among the top tier in the market. She is known for her sound and indisputable expertise and network within the criminal field especially during the investigative stage.’

‘Yulchon never fails in satisfying clients’ needs. It always tries to listen to its clients’ voices and doesn’t hesitate to provide relevant advice.’

‘Choi Dong Ryeol and Yoon Jung Keun are among the top figures in their industry and leading lawyers in Korea.’  

‘Yulchon team showed a very successful and cost-effective performance. The team promptly assigned a specialized lawyer for our case and handled the matter very well and professionally.’ 

Key clients

Korean Air Lines Co., Ltd.

Hyundai Motor Company

GC Pharma

GS E&C Corp.

KEB Hana Bank

SOCAR

Hanwha Aerospace Co., Ltd.

Hanwha Chemical Co, Ltd.

Seoul Semiconductor Co., Ltd.

Posco E&C Co., Ltd.

Lotte Shopping Co., Ltd.

LG Chem

Work highlights

  • Represented a former representative director of the largest telecommunications company, KT Corporation, in Korea and obtained disposition of non-indictment.
  • Represented Mirae Asset Securities Co., Ltd. in connection with alleged violations of the Foreign Exchange Transaction Act and obtained decisions of suspension of indictment for all claims.

South Korea > International arbitration Tier 3

At Yulchon, Yun Jae Baek is considered one of the leading figures in the Korean international arbitration space, currently serving as an arbitrator for the Korean Commercial Arbitration Board. Jeonghye Sophie Ahn primarily focuses on international disputes involving the financial services and corporate transactions in the TMT and IP sectors. Commercial arbitration, energy, construction disputes and award enforcement matters are the core areas of instruction.

Practice head(s):

Yun Jae Baek; Jeonghye Sophie Ahn

Testimonials

‘Based on the expertise and experience required for international dispute resolution, accurate understanding of various legal issues and situations, they provide the best legal services in all areas of international conflict, from the early stages of conflict prevention and preparation to temporary disposition and enforcement.’

Key clients

KT

Hyundai Engineering & Construction

Daelim Industrial

APEX Group

Siemens AG

POSCO Daewoo

Republic of Korea

Hanwha Corp.

GS Engineering & Construction

POSCO

South Korea > Projects and energy: local firms Tier 3

Yulchon‘s practice predominantly focuses on greenfield development and its ancillary mandates, such as licensing and regulatory issues, construction, land development and operational issues. Foreign counsel Raymond Kang has extensive experience advising on inbound investments and development of greenfield and brownfield power and energy-related infrastructure projects. Regulatory, energy and environmental specialists Hong Kim and Kum Ju Son are other leading partners.

Practice head(s):

Raymond Kang; Kum Ju Son

Other key lawyers:

Key clients

Korea Electric Power Corporation (KEPCO)

Korea National Oil Corporation (KNOC)

Korea Gas Corporation (KOGAS)

Korea Western Power Co., Ltd.

Korea South East Power Co., Ltd.

Korea Midland Power Co., Ltd.

Korea Hydro & Nuclear Power

GS Engineering & Construction Corp.

GS Power Co., Ltd.

POSCO

POSCO Engineering & Construction

Hyundai Oilbank

SK Chemicals

Asia Development Bank (ADB)

wpd AG

Korea Overseas Infrastructure & Urban Development Corporation

Daewoo Engineering & Construction Co., Ltd.

Hanwha Energy

Work highlights

  • Advising Korea Hydro & Nuclear Power Co., Ltd. on the continued operations of Kori Nuclear Power Plant Unit 2.
  • Advising Korea Hydro & Nuclear Power (KHNP) on its dispute with the manufacturer of the generator in relation to an internal fire at the Shin Kori Nuclear Power Plant Unit 4.
  • Advising Korea Gas on safety regulations related to the distribution of hydrogen.

South Korea > Shipping: local firms Tier 3

With a strong background in shipping, banking and finance, Yulchon‘s lawyers are able to assist on vessel finance, leasing and restructuring. For contentious shipping instructions, the practice works alongside its experienced dispute dispute resolution team. Senior foreign counsel Christopher Joon Tae Cho and Geen Kim are they lead banking partners for all financing work.

Practice head(s):

Young Su Shin; Sung Wook Eun

The firm: Yulchon is a full-service international law firm headquartered in Seoul, Korea. It employs over 490 professionals, including more than 60 licensed in jurisdictions outside of Korea. The firm’s perspective is international and its reach is global. Yulchon advises on a full range of specialized practice areas, including corporate and finance, antitrust, tax, real estate and construction, dispute resolution, intellectual property, and labor and employment. In addition to its main office in Seoul, Yulchon maintains offices in Russia, China, Myanmar, Vietnam and Indonesia, and has 11 regional practice teams covering the world.

In addition to deep industry and international expertise, Yulchon’s culture of innovation and collaboration offers excellence in legal service that puts client needs first. Among the recognitions received, Yulchon was honored by the Financial Times as “Most Innovative Asia Pacific Law Firm” in 2018 and Korea’s “Most Innovative Law Firm” for two consecutive years (2015-2016), recognized by Chambers & Partners as “Law Firm of the Year in Korea” in 2017 and selected by the American Lawyer as the “Asian Law Firm of the Year” at the 2016 Asia Legal Awards.

Areas of practice: Yulchon is structured around seven major practice groups: antitrust and competition, 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.

DepartmentNameEmailTelephone
Antitrust and competition Sung Bom Parksbpark@yulchon.com
Antitrust and competition Cecil Saehoon Chungcschung@yulchon.com
Banking and finance, capital markets Kyu Sik Kimkyusik@yulchon.com
Banking and finance, shipping Christopher Chojtcho@yulchon.com
Capital markets, corporate and M&A Jin Kook Leejklee@yulchon.com
Corporate and M&A, insurance Young Su Shinysshin@yulchon.com
Corporate and M&A Sung Wook Eunsweun@yulchon.com
Corporate and M&A, TMT Doil Sondison@yulchon.com
Dispute resolution Dong Ryul Choidrchoi@yulchon.com
Dispute resolution Il Bong Moonibmoon@yulchon.com
Insurance Hyeon Hwa Shinhhshin@yulchon.com
Intellectual property Jeong Yeol Choejychoe@yulchon.com
Intellectual property Samuel Sung Mok Leesamuellee@yulchon.com
Intellectual property Hyeong Joo Limhjlim@yulchon.com
International arbitration Yun Jae Baekyjbaek@yulchon.com
Labour and employment Sang Wook Choswcho@yulchon.com
Projects and energy Raymond M. Kangrkang@yulchon.com
Real estate and construction Ju Bong Parkjbpark@yulchon.com
Real estate Tae Jin Chatjcha@yulchon.com
Real estate Jin Seok Choichoijs@yulchon.com
White-collar crime Eun Jae Parkejpark@yulchon.com
Tax Dong Soo Kimdskim@yulchon.com
Tax Yun Heui Choyhcho@yulchon.com
Tax Kyu Dong Kimkdkim@yulchon.com
Antitrust and competition, TMT Seung Hyuck Hanshhan@yulchon.com
Corporate and M&A, TMT Sun Hee Kimkimsh@yulchon.com
Restructuring and insolvency Chul Man Kimcmkim@yulchon.com
Restructuring and insolvency Sun Kyoung Kimskkim@yulchon.com
PhotoNamePositionProfile
Jeong Yeol Choe photoMr Jeong Yeol ChoeHead of the IP Division and the Team Leader of the New…
Jin Seok Choi photoMr Jin Seok ChoiPartner
Cecil Saehoon Chung photoMr Cecil Saehoon ChungForeign Attorney
Cecil Chung photoMr Cecil ChungSenior Foreign Counsel; Head of International Antitrust
Ji Haeng Hwang photoMr Ji Haeng HwangPartner
Tae Hyoung Kim photoMr Tae Hyoung KimSenior C.P.A.
Kyu Dong Kim photoMr Kyu Dong KimTax Partner (Co-Head of International Tax Team)
Sy Nae Kim photoMs Sy Nae KimPartner
Kyu Sik Kim photoMr Kyu Sik KimPartner
Seung Hyun Lee photoMs Seung Hyun LeePartner
Samuel Sungmok Lee photoMr Samuel Sungmok LeeForeign Attorney
Yong Min Lee photoMr Yong Min LeePartner
Hyung Ki Lee photoMr Hyung Ki LeeForeign Attorney
Jun-Hee Lee photoMr Jun-Hee LeePartner
Jun-Hee Lee photoMr Jun-Hee LeePartner
Samuel Sungmok Lee photoMr Samuel Sungmok LeeForeign Attorney
Hyeong Joo Lim photoMr Hyeong Joo LimPartner (Co-Head of the New Industry IP Team, Deputy Head of the…
Christopher Mandel photoMr Christopher MandelSenior Foreign Counsel
Il Bong Moon photoMr Il Bong MoonCo-chair, Dispute resolution practice
Min Ju Park photoMs Min Ju ParkAssociate
Jae Hyun Park photoMr Jae Hyun ParkPartner
Sung Keun Park photoMr Sung Keun ParkSenior Foreign Counsel
Young Su Shin photoMr Young Su ShinPartner
Doil Son photoMr Doil SonCo-Head of Corporate & Finance Practice, Head of ICT Practice team
Yong Pyo Yeom photoMr Yong Pyo YeomPartner
Kyung Ae Yoon photoMs Kyung Ae YoonSenior Patent Attorney
Number of lawyers : 490+
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Contacts : Seok Hoon Kang (Co-managing Partner)
Contacts : Hee Woong Yoon (Co-managing Partner)