Yulchon is home to financial regulation and technology experts, with experience advising supervisory organisations, fintech companies, and financial companies. The practice is well-equipped to address key areas in the market, including traditional financial regulations, regulatory issues relating to ICT, fintech-related investments, and cryptocurrencies. Practice head Doil Son is a name of note in data protection, cybersecurity, blockchain and cryptocurrencies, while co-head Young Su Shin is called upon by financial institutions to advise on trust, approvals, and permits. With a background in the Financial Services Commission, Si Mok Kim lends his expertise on regulations, authorisation and approval, and fintech-related matters, and Tae Yeun Kim focuses on financial regulatory and operational issues, including inspection and sanctions of financial institutions.
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Profile
Work Department
IP & Technology, Mergers & Acquisitions, Technology, Media & Telecommunications, Data Privacy, Cyber Security and Crisis Management
Position
Partner, Head of IP & Technology Practice
Career
Doil Son is the Head of the IP & Technology Practice of Yulchon LLC. His experience is focused on Mergers & Acquisitions, Information Communication Technology (ICT), Telecom and Media, Data Privacy and Cyber Security including Trade Secret Protection as well as crisis management.
He represented leading multinational and local e-commerce companies and financial institutions for their ICT businesses involving artificial intelligence, big data, data privacy, cyber security, cryptocurrency, metaverse, fintech, and healthtech. He often goes to regulatory agencies and courts to defend his clients in ICT and data privacy compliance cases. He also represented his clients in major data breach cases, including the biggest data breach case in Korean history which occurred in 2014 where over 100 million users of three credit card companies were affected.
In addition, he also represented his clients in various trade secret violation cases and internal investigation cases. He frequently lectures on ICT issues concerning data privacy, artificial intelligence, fintech, and healthtech in various conferences held by the International Bar Association, Inter-Pacific Bar Association, and Korean government agencies.
Mr. Son has a B.A. in political science from the Seoul National University and an L.L.M. from UCLA School of Law (2002). He joined Yulchon as a partner in 2012, after serving as a judge at Kwangju District Court for two years from 1996 to 1998, and working at other major Korean law firms.
Experience
- 2012-present Partner (Head of IP & Technology Practice), Yulchon LLC
- 2023-present Co-Chair of Technology Law Committee, International Bar Association
- 2022-present Council Member, Korea National Data Policy Committee
- 2022-present Co-Chair of TMT Committee, Inter-Pacific Bar Association
- 2018-present Auditor, Korean Institute of Forensic Sciences
- 2017-present Expert on de-identification of personal information in the financial sector, Korea Credit Information Services
- 2015-present Board Member, TechLaw Group
- 2018-2022 Legal Advisor, Personal Information Protection Commission
- 2018-2021 Financial IT Advisor, Financial Supervisory Service Advisory Committee
- 2017-2022 Legal Advisor, Ministry of Science and ICT
- 2012-2018 Vice Chair of Environmental Law Committee, Inter-Pacific Bar Association
- 2015-2017 Member of ISMS Committee, Financial Security Institute
- 2011-2013 Vice President (international), Korean Bar Association
- 2007-2012 Partner, Hwang Mok Park P.C.
- 2004-2006 Founder, Seoul Law Group
- 2002-2003 Foreign Legal Consultant, Arter & Hadden (CA, USA)
- 1997-2003 Attorney, Shin & Kim
- 1996-1997 Judge, Kwangju District Court
Languages
Korean, English
Memberships
- International Bar Association (IBA), Technology Law Committee
- Senior Vice-Chair: 2021 - present
- Vice Chair: 2019 - 2020
- Publication Officer: 2017 - 2018
- Chair of Disruption Sub-committee: 2015 - 2016
- Inter-Pacific Bar Association, TMT Committee
- Co- Chair: 2022 – present
- Vice-Chair: 2017-2021
- TechLaw (https://techlaw.org/)
- Board Member
- TechLaw Group is comprised on 26 full-service member firms sharing expertise in technology issues, intellectual property and the acquisition, sales and financing of technology companies. Formed in 1986 by five large U.S. law firms, the organization has grown to include 26 law firms with more than 8,400 lawyers and offices in more than 35 countries.
Education
University of California, Los Angeles (UCLA), Law School, LL.M. (2002); Judicial Research and Training Institute, the Supreme Court of Korea (1996); Seoul National University, Political Science, B.A. (1994)
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Testimonials
Collated independently by Legal 500 research team.
- 'Yulchon's AML team did a great job for us. They have exceptional knowledge, skills and passions.'
Key clients
- BC Card Woowa Brothers Woori Bank and Woori Financial Group Standard Chartered Bank Korea Samsung Securities Co., Ltd. Hana Bank Mirae Asset Securities NH Investment & Securities DB Financial Investment JoJo Tiger Samsung Fire & Marine Insurance Co., Ltd. MyBrown Co., Ltd. Woori Finance Holdings Co., Ltd. Mirae Asset Securities, NH Investment & Securities and Kyobo Securities IBK Securities
Work highlights
Advised Woowa Brothers Corp., operator of South Korea’s leading food delivery platform, on regulatory compliance for new services, including in-app payment options and strengthened payment security features.