- www.: yulchon.com
- Chairman: Chang Rok Woo
- Managing Partner: Sai Ree Yun
- Number of fee earners: : 310+
- Languages: Cambodian, Chinese, English, French, German, Japanese, Korean, Russian, Vietnamese
Firm Overview:
Yulchon is a full-service international law firm headquartered in Seoul, Korea. The firm employs over 310 professionals, including more than 60 licensed in jurisdictions outside of Korea. The firm’s perspective is international and its reach is global. Yulchon represents clients from six continents and has helped Korean companies expand around the globe. It strives to provide the most innovative solutions to the complex legal challenges confronting clients.
Main Areas of Practice:
Corporate/M&A:
• Advised Fila Korea on their USD 1.2 billion acquisition of Acushnet Company
• Advised Hyundai Motor Group on its successful acquisition of a 93.6% equity interest in Green Cross Life Insurance
Banking & Finance:
• Advised KDB as facility agent and syndicate lenders on the USD 94 million financing of the construction of two vessels
• Advised Citibank International Limited as facility agent and syndicate lenders of nine banks on financing to Kia Motor Corporation structured as a dual currency loan of USD 210 million and EUR 65 million
Antitrust:
• Obtained full exemption from sanctions for Samsung Electronics in a TFT-LCD global cartel investigation
Intellectual Property:
• Successfully defended Samsung Electronics in an intellectual property infringement action filed by Apple in Korea
Dispute Resolution:
• Represented Kookmin Bank and won a favourable judgment from the Korean Supreme Court in June 2011, ending to a 7- year dispute involving multiple intertwined cases before the civil, criminal, administrative, and constitutional courts
• Represented plaintiff Dongbu Pusan Container Terminal Co., Ltd. in a negligence suit filed based on the destruction of 6 of its container cranes at a Busan harbour during a typhoon in September 2003; Yulchon successfully argued that the destruction of plaintiff ’s cranes was due to defendants’ negligence rather than a force majeure event and plaintiff was awarded USD 33 million in damages
Real Estate:
• Advised AM Plus Development Co., Ltd. on its overseas issuance of straight bonds and participating bonds using project financing vehicles amounting KRW 30 billion
• Advised Mirae Asset Global Investment Co., Ltd. on its acquisition of two office buildings in Sao Paulo, Brazil for BRL 805 million (approximately USD 400 million)
• Advised Hyundai Asset Management Co., Ltd. on its GBP 128 million acquisition of an office building in London, UK
Tax:
• Advised Seagate Technology in relation to the tax issues arising out of its acquisition of Samsung Electronics’ HDD business
• Won an appeal to the Tax Tribunal for GS Caltex in a seminal customs duty case involving the tariff quota system
• Won a tax case with far-reaching implications on tax treatment of stock options on behalf of Hana Bank
Clients:
Broadcom, Carlyle, Chrysler, Citigroup, Coca-Cola, Deere & Company, Deutsche Bank, Ericsson, GE Capital, General Electric, GlaxoSmithKline, Goldman Sachs, GS Caltex, Hana Bank, Hyundai Motor Company, ING, LG, Lone Star Funds, Lotte, Mandarina Duck, Merrill Lynch, Metlife, AMD, Morgan Stanley, NBC Universal, P&G, POSCO, Samsung, Seagate Technology, Siemens, SK, State Street Bank, Texas Instrument, Universal Music.
Areas of PracticeCorporate & Finance:
Corporate Governance
Mergers & Acquisitions
Corporate Compliance
Defence & Government
Contracts
Labour & Employment
Real Estate
Insolvency & Restructuring
Technology, Media & Telecommunications
Sports & Entertainment
Health & Pharmaceutical
Environment & Energy
White Collar Crimes
Privacy
Banking/General
Finance
Private Equity & Venture Capital
Insurance
Tax
Antitrust & Fair Trade
Dispute Resolution
Intellectual Property
Regional Practices:
Vietnam & Southeast Asia
Russia & the CIS
China
Japan
The European Union
Emerging Markets