Kim & Chang, Shipping | Chambers Asia-Pacific Profile

About

Provided by Kim & Chang

The Maritime Practice of Kim & Chang is comprised of professionals, including Korean and foreign lawyers, with expertise in a complete spectrum of cross-border/multijurisdictional maritime law matters, including ocean policy, fisheries, port and marine leisure.

The Ship Finance Practice, with around 20 dedicated attorneys and specialists that are supported by a team of experienced paralegals, offers a practical, integrated, and multidisciplinary approach to ship finance transactions. Our firm provides a comprehensive solution to ship finance needs in various areas including, mergers and acquisitions, insolvency, regulatory issues on foreign exchange, tax, customs disputes on energy, and accounting issues of various domestic and foreign shipping and shipbuilding companies.

Key Services:

Marine Casualties
Dry Cases
Shipbuilding/Offshore Construction Disputes
Regulatory Issues in the Shipping Industry
Asset financing, including, loan, lease, share issuance, structured finance, and ECA Facility
Restructuring and merger and acquisition of domestic and foreign companies
Sale and purchase of new buildings and chartering of vessels
Incorporation of foreign SPCs, collective investment organizations, investment bodies/organizations, financing and tax issues
Foreign exchange law and regulations, tariffs, international sanctions and accounting practices
Litigation in ship finance transactions

Chambers Review

Provided by Chambers

Shipping - South Korea

Band 1

What the Team is Known For

Kim & Chang has a market-leading legal practice with excellent capabilities in financing and contentious maritime matters in South Korea. The team advises an impressive range of high-profile shipbuilders, P&I clubs and insurance companies. The practice's dispute capabilities encompass both wet and dry work, and its financing expertise covers new builds and loan transactions. It also assists with insolvency and enforcement actions. The firm is particularly noted for its handling of multi-jurisdictional issues.

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Work Highlights

Provided by Kim & Chang

Kim & Chang defended Dongryun Logistics against five lawsuits filed by truck owners seeking the return of service fees that the client received before the safe fare system was discontinued.
Kim & Chang advised a consortium of banks on senior term loan facilities for HMM to finance HMM’s acquisition of twelve container ships to be built by HD Hyundai Heavy Industries and Hanwha Ocean.

Strengths

Provided by Chambers

One of the aspects that sets Kim & Chang lawyers apart is their specialisation and extensive experience in the shipbuilding industry, including vessel construction and delivery.

Shipping respondent
Asia-Pacific

Kim & Chang is the largest law firm in Korea and has a large number of experts. The team offers excellent legal services and solutions that are well considered in practice.

Shipping respondent
Asia-Pacific

One of the aspects that sets Kim & Chang lawyers apart is their specialisation and extensive experience in the shipbuilding industry, including vessel construction and delivery.

Shipping respondent
Asia-Pacific

Kim & Chang is the largest law firm in Korea and has a large number of experts. The team offers excellent legal services and solutions that are well considered in practice.

Shipping respondent
Asia-Pacific

Notable Practitioners

Provided by Chambers

Byung-Suk Chung

Senior Statespeople

Chung Byung-Suk is co-head of Kim & Chang's shipping practice. He covers a wide variety of wet and dry shipping disputes on behalf of P&I clubs, insurance companies and ship owners. Recently he has counselled Korean shipping companies on disputes over losses caused by the inability to fulfil certain transportation contracts due to the US/UK/EU sanctions placed on Russia.

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Jin Hong Lee

Senior Statespeople

Lee Jin Hong is an experienced maritime lawyer in South Korea. He remains active on shipping insurance matters, including wet and dry disputes.

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Chul-Won LEE

Band 1

Lee Chul-Won has extensive experience handling shipbuilding, charter party and bill of lading disputes in the Korean market. He is adept at acting for shipbuilders and P&I clubs.

He has extensive experience in winning litigation and arbitration and has a rich understanding of the shipping industry, litigation skills, excellent strategy and negotiation skills.

Chul-Won Lee has many experiences handling complicated shipping cases and is knowledgeable and client-friendly.

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Hi Sun Yoon

Band 1

Yoon Hi Sun is co-head of Kim & Chang's shipping group. He is renowned for his ship financing expertise and is regularly involved in high-value finance transactions on behalf of Korean and international lenders.

Yoon Hi Sun is very experienced in shipping finance and, on the basis of his experience, he always provides highly quality services in the most efficient way.

He is an expert in the field and a go-to person for me.

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Jae Bok LEE

Band 3

Lee Jae-Bok has great expertise in contentious and financing matters in shipping. Drawing on his previous experience at a P&I club, he competently provides counsel in shipping insurance cases. He is also UK-qualified.

He is service-minded and has excellent expertise.

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Min Chul Kim

Up and Coming

Kim Min Chul is a long-standing member of Kim & Chang's finance team, working on a broad range of matters in shipping finance, M&A and foreign direct investment.

He has extensive experience and deep understanding of this area.

He's very smart and has a pro-client approach.

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