Insurance
Asia-Pacific Guide 2025 : South Korea
Band 1
Email address
[email protected]Contact number
+ 82 2 3703 1114About
Provided by Kim & Chang
As Korea’s most trusted insurance law advisors, the dedicated professionals of Kim & Chang’s Insurance Practice offer first-class service to insurers, reinsurers and insurance brokers. Our practice is particularly well-known for its expertise and experience in securing licenses for new insurance businesses, providing advice on regulatory audits, providing insurance regulatory advice, assisting with mergers & acquisitions in the insurance industry, providing support regarding insurance claims and handling insurance disputes.
We offer a full range of services to our clients, many of whom require a “one-stop” service for advice or assistance on legal matters that insurance and reinsurance companies may encounter, such as issues regarding fin-tech, data privacy, asset management, competition law, labor and employment and tax matters. Moreover, we work closely with professionals from other Practices within our firm, including experts in banking, securities, and investment management, to provide effective solutions that address the diverse needs of our clients in Korea’s rapidly evolving financial market.
Key Services:
Regulatory
- Establishment of Business Presence
- Compliance
- Audit
Transactional
- Mergers & Acquisitions
- Reinsurance
- Transactional Support
- Corporate Group Restructuring
- Litigation and Disputes
- Tax and HR
Chambers Review
Kim & Chang is a leading Korean law firm, highly respected for its extensive experience in insurance-related transactions. The firm often advises clients on insurance sector M&A as well as joint ventures and restructurings. It is also noteworthy for handling administrative lawsuits and disputes over policy interpretation, including cases brought by the Financial Supervisory Service. The team maintains longstanding relationships with a number of top Korean insurers. It also advises companies on insurance product development.
Work Highlights
- Kim & Chang advised KB Life Insurance and KB Insurance on the change of their governance structure within the KB financial group and assisted in securing the necessary permits and making regulatory filings.
Strengths
Provided by Chambers
"Kim & Chang are professional and timely in addressing sensitive legal matters. They exhibit strong teamwork, provide well-researched answers, and are highly responsive and accommodating."
"Kim & Chang is the firm of choice for complex and cross-border matters due to its high reputation."
"Kim & Chang are professional and timely in addressing sensitive legal matters. They exhibit strong teamwork, provide well-researched answers, and are highly responsive and accommodating."
"Kim & Chang is the firm of choice for complex and cross-border matters due to its high reputation."
Notable Practitioners
Jay Ahn heads Kim & Chang's insurance group in South Korea. His work remit spans advisory, regulatory and contentious insurance law matters. He remains a counsel of choice among domestic insurance and reinsurance companies.
Baek Jae Ho possesses expertise in a broad range of insurance mandates, with particular experience undertaking sale and acquisition transactions as well as market entry matters. He is also equipped to advise on regulatory and compliance issues.
"BaekJae Ho understands customers' needs well and provides straightforward answers."
"He is an expert in insurance and asset management. He presented a helpful solution toa problem."
Shin Hyun Wook has extensive experience advising insurance companies on a wide variety of matters including the establishment of companies, licence applications and regulatory compliance.
"Shin Hyun Wook is highly professional when advising on issues from multidimensional perspectives and is willing to accommodate schedules to attend to urgent requests."
"Shin Hyun Wook is very accessible, very friendly, has long experience in the insurance field and always provides good quality service."
Baek Sang Mi focuses her practice on regulatory mandates, and counts major Korean insurers and insurance associations and quasi-governmental entities among her clientele.
Ranked Lawyers at
Kim & Chang
South Korea