Department profile
Lee & Ko

Restructuring/Insolvency

Asia-Pacific Guide 2026 : South Korea


Lee & Ko

Rankings

About

Provided by Lee & Ko

Lee & Ko’s Restructuring & Insolvency Team has extensive experience of representing all types of key players in bankruptcy cases including debtors, creditors and investors, which in turn enables the Team to provide a most adequate solution to any client dealing with financial problems of its own or others.  The Team is composed of top experts of rehabilitation company M&A, DIP financing, workout, restructuring of project financing, corporate revitalization, and related tax matters. With such experts and former judges from the bankruptcy court, Lee & Ko established a complete system to efficiently handle complex restructuring cases requested by clients.

 

The Team has been involved with almost all major restructuring, workout and insolvency cases in Korea for the last two decades.  Recently Lee & Ko is pioneering new insolvency practices of non-profit organizations and public-private projects.  For example, Lee & Ko represented a local railroad company and it was the first case in which a large scale public-private project declared bankruptcy and requested compensation. In addition, members of the Team are active in academic activities and vigilantly engaged with legislative and judicial policy making processes regarding insolvency matters.

 

The Team is recognized as the first tier in all legal publications.

Chambers Review

Provided by Chambers

Restructuring/Insolvency - South Korea

Band 2

Band 2


What the Team is Known For

Lee & Ko is a renowned group which includes former bankruptcy judges and handles significant contentious and non-contentious restructuring matters, having advised on substantial insolvency disputes. The firm remains a popular choice of counsel for both domestic and foreign proceedings, particularly those involving shipping and construction companies. It also has close relationships with prominent Korean financial institutions.

Work Highlights

Provided by Chambers

  • Lee & Ko represented HN Inc in rehabilitation proceedings, alongside which process the client was also acquired by SM Group for KRW15 billion. Subsequently, the client's rehabilitation plan was approved.

Strengths

Provided by Chambers

  • It's been a really critical matter for us and they've been wonderful to work with.

    Restructuring/Insolvency respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Eminent PractitionersEunjai Lee
    Eminent PractitionersEunjai Lee

    Eunjai Lee

    Lee Eunjai leads Lee & Ko's restructuring and insolvency practice, and possesses expertise in advising major creditors and debtors on a range of bankruptcy mandates, including litigation, rehabilitations and reorganisations. His experience involves acting in cases arising in the financial and aviation industries.

  • Band 2Wan Shik Lee
    Band 2Wan Shik Lee

    Wan Shik Lee

    Lee Wan Shik has a notable restructuring and insolvency practice. He is consistently sought out by clients for his expertise in litigious and non-contentious bankruptcy and business rehabilitation matters.

  • Band 3Jung Hyun Lee
    Band 3Jung Hyun Lee

    Jung Hyun Lee

    Lee Jung Hyun focuses his practice on advising companies undergoing corporate rehabilitation procedures, including advising large manufacturers and construction companies. He also frequently advises creditors on their role in restructuring and bankruptcy procedures.
  • Band 4Seok Pyo Hong
    Band 4Seok Pyo Hong

    Seok Pyo Hong

    Hong Seok Pyo is a partner at Lee & Ko. His practice specialises in bankruptcy litigation, resolution of bankruptcy disputes and petition in bankruptcy or rehabilitation proceedings.

    • He was very definitive and clear even though the area of law we were moving into was very uncertain.

      Restructuring/Insolvency respondentAsia-Pacific

Ranked Individuals at Lee & Ko (4)

South Korea

Members

Provided by Lee & Ko

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