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Yulchon

PARNAS TOWER 38F, 521 TEHERAN-RO, GANGNAM-GU, SEOUL 06164, SOUTH KOREA
Tel:
Work +82 2 528 5200
Fax:
Fax +82 2 528 5228
Email:
Web:
www.yulchon.com
Beijing, Hanoi, Ho Chi Minh City, Seoul, Yangon

South Korea

International arbitration
International arbitration - ranked: tier 2

Yulchon

Yulchon’s arbitration team frequently represents Korean clients in the construction, manufacturing, IT and shipping industries in ICC, UNCITRAL and SIAC arbitration. The practice is jointly led by Sae Youn Kim, Yun Jae Baek and Andrew White and is regularly instructed as counsel by Korean manufacturers, public utility companies and conglomerates in complex contractual disputes and investor-state arbitration. Hyung Keun Lee, Jeong Hye Ahn and Tae Joon Ahn are also active on a number of significant international arbitration mandates. The practice has been joined by senior foreign attorney Ki Jeung Park from Corbett & Co International Construction Lawyers Ltd and Yun Jae Baek, founder of arbitration boutique, Hanol Law Offices.

Leading individuals

Sae Youn Kim - Yulchon

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South Korea: Antitrust and competition

Antitrust and competition – Local firms
Antitrust and competition – Local firms - ranked: tier 1

Yulchon

Yulchon stands out for its ‘strategic thinking’ and is ‘very plugged into the Korean business community and has excellent knowledge of the regulatory environment’. The ‘outstanding’ team is jointly led by Sai Ree Yun, Hae Sik Park and Cecil Saehoon Chung, who focus on international antitrust. Chung is particularly highlighted for his ‘exceptional knowledgeable of not only Korean antitrust but cross-border issues as well’. He recently worked closely with Kyu Hyun Kim in handling cross-border merger control matters, for example, for Delta Air Lines in the first-of-its-kind Korean 'metal neutral' joint venture with Korean Air. In another example, Chung was supported by Kim, associate Keon Woong Kim and Young Lan Yea (who ‘adds value to the team’) in handling Glencore’s $1.14bn acquisition of interests in coal mines in Australia from Yancoal. Seuk Joon Lee’s expertise spans cartels, merger reviews, abuse of market dominance and unfair trade practices as well as pharmaceuticals and telecommunications. Sung Bom Park is likewise extremely experienced in antitrust and regulatory matters.

Leading individuals

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South Korea: Banking and finance

Banking and finance – Local firms
Banking and finance – Local firms - ranked: tier 2

Yulchon

Clients are continually attracted to Yulchon not least for its ‘sound legal advice’ but also in offering a ‘strategic business perspective’. The cross-disciplinary practice’s strong capabilities in acting on high-value project finance transactions are demonstrated with Kyu Sik Kim continuing to assist CGN Daesan Power in connection with the financing of a biomass power plant project. Foreign attorney Seung Jae Chang advised Woori Bank and other senior and junior lenders in the acquisition financing of Baring Private Equity’s acquisition of Halla Cement. Foreign attorney Christopher Joon Tae Cho is ‘very organised and attentive to details’; he represented K-Sure in its ECA covered loans provided to Seadrill and its affiliates, and also acted for KTB Investment & Securities regarding the sale and leaseback of a Boeing 787-9 aircraft on lease to Etihad to the value of $60.7m. Sung Keun Park is ‘highly responsive, diligent and a great communicator’.

Next generation lawyers

Sung Keun Park - Yulchon

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South Korea: Capital markets

Capital markets – Local firms
Capital markets – Local firms - ranked: tier 2

Yulchon

Yulchon’s capital markets team sits within the corporate and finance group and is able to draw on its cross-departmental expertise in handling securitisation, debt market deals, IPOs for international corporations such as Kia Motors and the BMW Group. Jin Kook Lee is frequently involved in IPO and other equity capital transactions; he and senior foreign attorney Sung Keun Park advised Kia Motors on regulatory and compliance matters in connection with the issuance of foreign bonds. On the debt side, structured finance partner Kyu Sik Kim assisted with the structuring of Kangaroo Bonds to be issued by KEB Hana Bank under the A$2bn Australian debt issuance programme. He also advised BMW Group on the issuance of asset-backed securities, based on automobile instalment bonds worth KRW370bn in the domestic public offering market. Gun Kim  is also active in this area; he and Young Su Shin advised KyoboLife Insurance on the issuing of new hybrid bonds in the value of $500m. He also worked alongside Sung Wook Eun in assisting POSCO facilitate a block trade transaction of over seven million shares of KB Financial Group, a public company owned by POSCO. Hee Woong Yoon leads the department. Associate Soo Yeon Choi is another name to note.

Leading individuals

Kyu Sik Kim - Yulchon

Next generation lawyers

Soo Yeon Choi - Yulchon

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South Korea: Corporate and M&A

Corporate and M&A – Local firms
Corporate and M&A – Local firms - ranked: tier 2

Yulchon

Headed by Hee Woong Yoon, Yulchon’s M&A practice attracts clients with its ‘high-end service at reasonable billings’, ‘deeply knowledgeable counsel’ and seamless ‘cross-departmental coordination’. Key partner Jae Hyun Park advised Asia Cement in acquiring a 100% stake in HallaCement from Baring Private Equity Asia and working alongside Hong Kim, assisted STIC Investments on its purchase of a 70% stake in Daekyung O&T. Senior foreign counsel Anthony Choi stands out for his ‘strong legal knowledge and ability to provide commercial and strategic advise’; he and senior foreign counsel Seungyul Shawn Yum aided Lotte Confectionery in its acquisition of HavmorIce Cream, an ice cream manufacturer in India. Other key contacts include Jin Kook Lee and Tehyok Daniel Yi. Yong Yun, Woo Jin Ahn, and Seok Jun Park left the practice.

Leading individuals

Jae Hyun Park - Yulchon

Next generation lawyers

Seungyul Shawn Yum - Yulchon

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South Korea: Dispute resolution

Dispute resolution – Local firms
Dispute resolution – Local firms - ranked: tier 2

Yulchon

Yulchon's practice head Yong Sup Yoon, alongside Nung Hwan Kim, Hai Sung Park and Dong Ryul Choi, is representing Hanwha Chemical in a complex dispute concerning performance bonds. Finance and M&A specialist Il Bong Moon recently obtained a favorable decision for Hana Bank in a lawsuit filed by Emirates requiring the return of deposits. Moon and Yoon also successfully represented Ho Jin Lee, chairman of the Tae Kwang Group, in a dispute concerning the transfer of shares. Other key contacts include Hai Sung Park, Yong Pyo Yeom and Jubong Park for real estate litigation, and Hak Seok Kim for corporate crime matters. International disputes partner Young Seok Lee left for boutique litigation practice Rosetta Legal.

Leading individuals

Yong Sup Yoon - Yulchon

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South Korea: Insurance

Insurance – Local firms
Insurance – Local firms - ranked: tier 2

Yulchon'

Yulchon' s Young Su Shin and Hyeon Hwa Shin are particularly active in contentious insurance disputes and M&A mandates; recent work includes acting for Samsung Life Insurance in the course of sanction proceedings by the financial regulators on the issue of overdue death claims for insurees who committed suicide. On the corporate side, the practice assisted Mirae Asset Life Insurance in acquiring a controlling stake in Vietnam’s Prevoir Vietnam Life Insurance as well as advising on a strategic alliance between the two companies. Hyung Ki Lee and Soo Yeon Choi are also names to note.

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South Korea: Intellectual property

Intellectual property – Local firms
Intellectual property – Local firms - ranked: tier 2

Yulchon'

Yulchon's Jeong Yeol Choe frequently leads counsel in significant cases; alongside Cheol Hwan Kim and Hyeong Joo Lim, he successfully represented Celltrion against Roche before the Supreme Court in three separate patent invalidation and infringement actions concerning the client's patent. The team also handles IP disputes for international electronic conglomerates; Dong Soo Han and Jeong Hoon Hwang acted for Samsung Electronics in a dispute concerning semiconductors; Han and Kee Jeong Kim advised Hewlett-Packard Korea on a cross-border software copyright dispute. Han and Hwang also represent Kumkang Shoes in a trade mark infringement appeal and unfair competition claims. Senior foreign counsel Samuel Sungmok Lee is highly recommended for technology, electronics and licensing matters, as is Lim for trade secret disputes. Yong Min Lee and is also a name to note for copyright and cross-border IP enforcement.

Leading individuals

Cheol Hwan Kim - Yulchon

Jeong Yeol Choe - Yulchon

Next generation lawyers

Yong Min Lee - Yulchon

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South Korea: Labour and employment

Labour and employment – Local firms
Labour and employment – Local firms - ranked: tier 2

Yulchon

Yulchon’s ‘knowledgeable and very responsive’ team continue to attract Korean and international client seeking assistance on compliance with labour regulation practices and representation in employment disputes. ‘Highly experienced’ Sang Wook Cho is ‘a safe pair of hands’; he, Dong Ryul Choi and Jae Woo Park advised Hanwha Investment & Securities on matters relating to a reorganisation and reduction of its workforce. The group also acted for a leading steel manufacturer in a dispute involving illegal dispatch claims by employees of a contractor. Other names to note are Soojung Lee and foreign attorney Christopher Mandel.

Next generation lawyers

Christopher Mandel - Yulchon

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South Korea: Projects and energy

Projects and energy – Local firms
Projects and energy – Local firms - ranked: tier 2

Yulchon

Yulchon’s cross-departmental practice is active in project development mandates including energy, infrastructure, real estate, and PPP/BOT. Raymond M. Kang leads the group and his experience covers domestic and international greenfield and brownfield projects as well as transactions relating to power plants. Regulatory expert Bong Hee Han is recommended for work in the energy space. Highlights for the team include advising Lotte Group in connection to a real estate development in Vietnam, and Hyundai City Corporation on the development of its Taean Enterprise City project.

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South Korea: Real estate

Real estate – Local firms
Real estate – Local firms - ranked: tier 2

Yulchon

With expertise spanning all aspects of real estate transactions, Yulchon's team are ‘experienced in international and cross-border transactions’ and counts Deutsche Asset Management (Korea), Mirae Asset Global Investments and Goldman Sachs (Asia) among its impressive client roster. Led by Jubong Park, significant mandates for the team include advising Munhwa Broadcasting Corporation on the sale of land and acquisition of a building in Yeouido, Seoul; it also continues to advise Posco E&C on its participation in the Songdo International Business District project in Incheon. In overseas investment, a cross-departmental group acted for Korea Investment Management on its investment in the Ariake Central Tower, Tokyo. Jin Seok Choi and Min Gyu Kim are names to note.

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South Korea: Regulatory: compliance and investigations

Regulatory: compliance and investigations – Local firms
Regulatory: compliance and investigations – Local firms - ranked: tier 2

Yulchon

Yulchon’s multi-disciplinary practice, led by Sai Ree Yun takes an active approach regarding compliance and internal investigations by responding to new issues, such as the #MeToo movement and workplace harassment, by assisting a well-known retailer to comply with regulations and set up anonymous reporting mechanisms. The practice also utilises the latest technology, including smartphone apps and digital forensic tools, to assist clients. Yoon Soo Lim and Eun-Jae Park are highly recommended.

Leading individuals

Yoon Soo Lim - Yulchon

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South Korea: Shipping

Shipping – Local firms
Shipping – Local firms - ranked: tier 3

Yulchon

Yulchon’s full-service multi-disciplinary practice covers contentious and non-contentious matters and transactional mandates. Highlights for the team include advising Daewoo Shipbuilding & Marine Engineering on its restructuring process with its creditor financial institutions. The group also successfully managed the merger of Nippon Yusen’s two joint ventures with Mitsui OSK Lines and Kawasaki Kisen Kaisha. In the ship finance space, senior foreign counsel Christopher Joon Tae Cho ‘is very knowledgeable in the Korean shipping market’ and represented Korea Development Bank in connection with financing Sinokor Tanker’s acquisition of a large crude oil carrier valued at $16m.

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South Korea: TMT

TMT – Local firms
TMT – Local firms - ranked: tier 2

Yulchon

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.

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South Korea: Tax

Tax – Local firms
Tax – Local firms - ranked: tier 2

Yulchon

Dong Soo Kim and Seok Hoon Kang jointly lead Yulchon ’s ‘highly knowledgeable’ full-service tax group. Key figures include Yun Heui Cho for disputes, Kyung Suk Jung for audits, and Un Sang Jung and Jeong Cheol Cho for customs-related matters. M&A and restructuring work are particular strengths of the group; recent cases include Kim and Sang Woo Song advising Daewoo Shipbuilding & Marine Engineering on a $1.35bn restructuring, while Kim, Kyu Dong Kim and Joon Yung Jo acted for Mirae Asset Global Investments on a $430m M&A. Soo-Jeong Ahn is recommended for international tax matters.

Leading individuals

Kyu Dong Kim - Yulchon

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