Cooperating closely with experts from other practice groups, Bae, Kim & Lee LLC‘s insurance team is regarded for its ’deep expertise in insurance regulations and situations’. Bringing additional expertise in asset management and insurance company M&A, Jaiyoung Kim is a key contact for Korean and multinational insurance companies on a range of insurance mandates, while Jong Min An works closely with insurance companies, insurance agencies and banks on regulatory issues. With former in-house experience, Dal Jae Park concentrates on regulatory advice and inspections.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘BKL is highly regarded in the insurance sector, particularly for its expertise in regulatory matters and supervisory consultations. I believe their strengths lie in providing prompt feedback, maintaining strong communication with financial authorities, and fostering effective collaboration among its experts.’
‘Dal Jae Park has exceptional expertise in the insurance sector. His experience combined with his strong relationships within regulatory agencies and insurance companies, enables him to provide practical and effective advice tailored to the needs of insurers.’
‘BKL's Insurance Team stands out for its deep expertise in insurance regulations and situations, stemming from its roster of specialised insurance lawyers and experts from the Financial Supervisory Service. This unique composition allows them to consistently provide high-quality advisory services promptly, even when clients face complex challenges.’
'Joo Eun Lee, in particular, effectively advocated for the client's position in dealing with insurance regulations and supervisory bodies, demonstrating strategic approaches and strong regulatory interpretation skills.’
Key clients
- Samsung Life Insurance Co., Ltd.
- Meritz Fire & Marine Insurance Co., Ltd.
- Hanwha Life Insurance
- Shinhan Life Insurance
- MIRAE ASSET Life Insurance
- Hanwha General Insurance
- KB Insurance
- TONGYANG LIFE INSURANCE
- KB Life Insurance
- Hyundai Marine & Fire Insurance
- Ace American Fire and Marine Insurance Company Korea (Lina General Insurance)
- Korea Trade Insurance Corporation (K-Sure)
Work highlights
Advised DB Insurance on coverage issues under a property all risks insurance policy following a major fire at Coupang’s Deokpyeong Logistics Center.
Advised CJ Logistics on potential liability and ongoing litigation arising from a fire during cargo loading operations at Ulsan Port, involving KRW 7.5 billion in damages.
Advised Hanwha Insurance on its acquisition and merger with Carrot General Insurance, the first insurance M&A executed under IFRS 17 and K-ICS.
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.
Dal Jae Park
Jong Min An
Practice head
Jaiyoung Kim
Other key lawyers
Jong Min An; Dal Jae Park; Joo Eun Lee
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