Back to rankings
South Korea
2

Fintech and financial services regulatory: local firms

Shin & Kim logo

Shin & Kim

More information
Shin & Kim fields a robust digital finance and fintech offering that is sought after by a client roster consisting of fintech companies, virtual asset exchanges, and platform operators. Department head Hyun-Il Hwang is an active advisor in the team, advising clients on regulatory matters involving virtual assets, fintech business models, and AI-based financial innovations. Jaecheong Oh maintains a varied stream of regulatory and transactional mandates, spanning electronic financial services and licensing of fintech companies.
Legal 500 Editorial commentary

Accolades

Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

  • ‘Shin & Kim excels in giving prompt and effective responses.’

  • ‘Shin & Kim’s fintech team has strong expertise in financial regulation and new technologies.'

  • 'They are skilled in advising on digital payment systems, virtual assets, and electronic financial services.'

  • 'Their advice is clear, practical, and aligned with regulatory expectations, which is very helpful for in-house counsel.’

  • 'I have worked with Jaecheong Oh and have witnessed great collaboration and capabilities from this young partner.'

  • 'The team maintains close engagement with financial regulators and industry associations, which gives them an edge in anticipating regulatory trends. They are open to collaborative working models, often integrating well with our internal product, legal, and compliance teams.'

  • 'Their advice reflects technological fluency, which is rare among legal professionals in this space.'

  • 'Their combination of legal depth and commercial insight makes them a long-term partner rather than just a service provider. They have earned the trust of our leadership team through their consistency and integrity. Jaecheong Oh has consistently brought sound strategic thinking to complex FinTech regulatory questions, and played a critical role in helping us shape our licensing and custody framework.'

  • 'Bom Sok Baek has strong knowledge of financial regulatory law, both in theory and in practice. He is also very diligent and detail-oriented, and communicates well with clients.'

Key clients

  • Naver Financial
  • kakaopay
  • kakaobank
  • Toss Payments
  • Agoda Payments Korea LLC
  • Bithumb
  • Korea Fintech Industry Association
  • Yeolmae Company
  • Finda Inc.
  • Korea Exchange
  • Bank of Korea
  • BNK Securities Co., Ltd.
  • Danggeun Market Inc.
  • Seoul Auction Blue
  • Hashed
  • KT Corporation
  • Lendit
  • Korea Securities Ddpository
  • SK Planet
  • Nexon Korea Corportation

Work highlights

Advised Yeolmae Company on the issuance of first investment contract securities.
Advised Korea Fintech Industry Association and reviewed laws related to the designation of financial regulatory sandboxes for fund comparison and referral services.
Advised Bithumb on regulatory compliance in connection with AML inspection by the Financial Services Commission.

Practice head

Hyun-Il Hwang

Other key lawyers

Jaecheong Oh

Comparative Guides