South Korea
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Shipping: local firms

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Yulchon

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Yulchon offers comprehensive expertise across both contentious and non-contentious shipping matters, with a particular focus on shipping finance for domestic clients. The practice is co-headed by Young Su Shin and Sung Wook Eun, both of whom are highly regarded in the field. Christopher Joon Tae Cho brings a strong financial background to his focus on shipping finance, providing clients with in-depth expertise in complex financial transactions. Geen Kim specialises in alternative investments, while Sung Keun Park has extensive experience representing financial institutions, private equity funds, and corporations in a wide range of cross-border transactions.
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Testimonials

Collated independently by Legal 500 research team.

  • ‘Yulchon's team are really efficient. They are responsive and experienced. They are one of the most reliable counterparties that we have.’

  • ‘Christopher Joon Tae Cho is one of our favourite partners to work with. Always responsive even with the time zone difference between London and Korea. His legal service is professional and also efficient. Our corporate clients also prefer his support more than other European law firms. His team has been one of our favourites since more than a decade ago.’

  • ‘Big team with industry specialists who are well known in the market. They are known to be one of the most efficient teams around.’

  • ‘Christopher Joon Tae Cho is well-known and very experienced.'

  • 'Geen Kim is well-known and very respected.'

Key clients

  • Daol Asset Management
  • Bank of America
  • Curious Partners
  • Korea Ocean Business Corporation
  • Korea Development Bank
  • Daegu Bank
  • K-SURE
  • KEB Hana Bank
  • Sumitomo Mitsui Trust Bank
  • Standard Chartered Bank

Work highlights

Advised SK Shipping on the sale and leaseback of two newbuilding LNGs with Bank of Communication Financial Leasing, which vessels were to be bareboat chartered to SK Shipping.
Advised Korea Trade Insurance Corporation in connection with the financing of four vessels for First Omega Shipping Inc. with Banco Santander as mandated lead arranger.
Advised Korea Trade Insurance Corporation in connection with the financing of one VLCC and three Suezmax new buildings for Euronav with DNB, ING Bank and Citibank as mandated lead arrangers.

Lawyers

Practice head

Young Su Shin; Sung Wook Eun

Other key lawyers

Christopher Joon Tae Cho; Geen Kim; Sung Keun Park