Department profile
Kim & Chang

Shipping: Finance

Asia-Pacific Guide 2026 : South Korea


Kim & Chang

Rankings

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: Finance - South Korea

Band 2

Band 2


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.

Work Highlights

Provided by Chambers

  • Kim & Chang represented a time charterer, Pan Ocean in a government investigation into the deaths of two subcontractor employees on board a vessel for a potential violation of the Punishment of Serious Accidents Act and the Occupational Safety and Health Act.

  • Kim & Chang advised a consortium of banks on a loan facility for Eukor Car Carriers to finance four 9,300-CEU class methanol dual-fuel class pure car and truck carriers and two 11,700-CEU class methanol dual fuel class pure car and truck carriers.

Strengths

Provided by Chambers

  • Kim & Chang has an unmatched expertise, human resources pool and network.

    Shipping: Finance respondentAsia-Pacific
  • They are highly experienced. What stood out was their ability to find a way around obstacles when we felt we had hit a wall. That aspect was particularly impressive and appreciated.

    Shipping: Finance respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Senior StatespeopleByung-Suk Chung
    Senior StatespeopleByung-Suk Chung

    Byung-Suk Chung

    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.

    • He provides high-level services and suggests response measures as an industry-leading expert.

      Shipping: Finance respondentAsia-Pacific
  • Senior StatespeopleJin Hong Lee
    Senior StatespeopleJin Hong Lee

    Jin Hong Lee

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

  • Eminent PractitionersHi Sun Yoon
    Eminent PractitionersHi Sun Yoon

    Hi Sun Yoon

    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.

    • He provides the best legal advice based on his diverse experience and work history in the shipping industry.

      Shipping: Finance respondentAsia-Pacific
    • He has long experience and diverse knowledge.

      Shipping: Finance respondentAsia-Pacific
  • Band 1Chul-Won LEE
    Band 1Chul-Won LEE

    Chul-Won LEE

    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 analyses complex issues in a fairly short time and provides the highest level of service.

      Shipping: Finance respondentAsia-Pacific
    • As one of the best maritime lawyers in the country, he sharply analyses even the most complex issues and presents solutions.

      Shipping: Finance respondentAsia-Pacific
  • Band 3Jae Bok LEE
    Band 3Jae Bok LEE

    Jae Bok LEE

    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.

  • Band 3Joon Hwan Park
    Band 3Joon Hwan Park

    Joon Hwan Park

    Park Joon Hwan is well recognised in the market, particularly for his offshore wind related regulatory and administrative law expertise including permit and licensing work. He is also adept at responding to maritime accidents including representation of clients under investigation by government agencies.

  • Up and ComingMin Chul Kim
    Up and ComingMin Chul Kim

    Min Chul Kim

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

    • He is meticulous, reliable and responsible in his work.

      Shipping: Finance respondentAsia-Pacific
  • Up and ComingSang-Hyup Lee
    Up and ComingSang-Hyup Lee

    Sang-Hyup Lee

    Lee Sang-Hyup is well recognised for his thorough and commercially minded advice. He is particularly well-versed in contentious cases including government investigations into maritime accidents like collision, sinking or casualty cases.

    • He is skilled and works hard in shipping. He also has a strong academic background.

      Shipping: Finance respondentAsia-Pacific
    • He handles cases with complex issues in a reasonable way through in-depth analysis. He also has an excellent commercial mind, making him very easy to work with.

      Shipping: Finance respondentAsia-Pacific

Ranked Individuals at Kim & Chang (8)

South Korea

Members

Provided by Kim & Chang

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