Bae, Kim & Lee LLC has deep knowledge of the key legislation relating to financial services, including the Electronic Financial Transactions Act and Specialised Credit Finance Business Act. Additionally, the practice provides guidance to clients on digital assets and financial data security matters. Practice head Jong Baek Park is recognised as an authority on cryptocurrency work, while Juho Hoon adds expertise in online financial transactions and information security. Hyobong Kim provides support to clients on the navigation of government regulation and legislative developments in the digital finance and virtual asset sectors. Jae In Lee concentrates his practice on financial regulation and authorisations of financial institutions.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Responsive and lean in terms of internal resources.’
‘Seungil Hong is a trusted adviser with strength in providing executable propositions in areas where risk assessment can be tricky.’
Key clients
- Binance Global
- Ava Labs
- Bithumb Korea Co., Ltd.
- Coinone Co., Ltd.
- Korea Exchange (KRX)
- Shinhan Investment Corp.
- Hana Bank Co., Ltd.
- Korea Federation of Banks
- Samsung Asset Management Co., Ltd.
- Korea Internet & Security Agency (KISA)
- DAXA (Digital Asset eXchange Alliance)
- Korea Fintech Industry Association
Work highlights
Advised Hana Financial Group subsidiaries on a pioneering joint venture with BitGo Holdings to launch a crypto custody business, including regulatory risk analysis, deal structuring, and KoFIU reporting.
Advised Bithumb on its transition of real-name verification accounts from NongHyup Bank to KB Kookmin Bank, providing regulatory guidance and successfully securing approval from KoFIU and the FSS.
Advised Coinone on responding to the FSS’s first on-site inspection of a virtual asset exchange, addressing key regulatory issues under Korea’s AML and virtual asset user protection laws.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Jae In Lee
Practice head
Jong Baek Park
Other key lawyers
Juho Hoon; Hyobong Kim; Jae In Lee; Seungil Hong
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