About

Provided by Shin & Kim

Our Insurance and Maritime Sector Group advises a broad range of clients on insurance and various treaties, laws and regulations in the maritime sector. It also represents clients in numerous domestic and foreign litigation and arbitration cases with its dedicated professionals, which includes former officers of the Financial Supervisory Service. Our professionals are praised for their unmatched expertise in working through sophisticated and complex regulations unique to the insurance sector.

Based on such rich experience and unrivaled expertise as well as a broadly knit network, the Insurance and Maritime Sector Group provides optimal solutions to all types of issues in the maritime and insurance sector, ranging from those related to insurance companies’ operations, asset management, licensing, ancillary business, delegation, inspections, sanctions imposed by regulators, insurance disputes to investment transactions. Its representative experience includes representing clients in matters such as the Hebei Spirit oil spill and pollution accident, the sinking of the Sewol ferry, the aircraft accident at Gimhae Airport, the Icheon warehouse fire accident, the Goyang terminal fire accident, a chemical plant gas leakage accident and an EV battery recall. 

Chambers Review

Provided by Chambers
Insurance - South Korea
2
Band 2
What the team is known for

Shin & Kim's team of lawyers in South Korea acts for insurers and reinsurers on claims and liability issues arising from asset and property damage. The firm cooperates closely with the firm's banking group in advising on investment transactions, and also represents clients before legislative bodies. It is well placed to provide advice on contentious matters, regulatory issues and insurance product development. The team is able to represent clients in connection with investigations and sanctions brought by the Financial Supervisory Service (FSS). It also represents insurance clients in civil and criminal lawsuits. Its key clients include AIG, Chubb Life Insurance Korea and General Insurance Association of Korea.

Notable practitioners

Kim Ji Hoon, Baek Seyon and Kim So-Youn are key client contacts.

Work Highlights

Provided by Shin & Kim
  • Shin & Kim assisted AIG Insurance with the launch of its tax liability insurance product.

Members

Provided by Shin & Kim

HanKyung Yu

Ji Hoon Kim

Head of Department

Se Ryul Hong

Seyon Baek

So-Youn Kim

Clients

Provided by Shin & Kim

ABL Life Insurance Co., Ltd.

AIA Life Insurance Co., Ltd.

AIG Korea Inc.

BNP Paribas Cardif Insurance

Carrot General Insurance Co., Ltd.

Chubb Limited

DB General Insurance Co., Ltd.

Fubon Hyundai Life Insurance Co., Ltd.

General Insurance Association of Korea

Hanwha Life Insurance Co., Ltd.

Heungkuk Life Insurance Co., Ltd.

Hyundai Marine & Fire Insurance Co. Ltd.

KB Insurance Co., Ltd.

KB Insurance Co., Ltd.

KB Life Insurance Co., Ltd.

KDB Life Insurance

Korea Life Insurance Association

Korea Trade Insurance Corporation

Korean Re

Kyobo Life Insurance Co., Ltd.

Lotte Insurance Co., Ltd.

Lotte Non-Life Insurance Co., Ltd.

Meritz Fire & Marine Insurance Co., Ltd

MetLife Insurance Co. of Korea Ltd.

Mirae Asset Life Insurance Co., Ltd.

Mitsui Sumitomo Insurance Co., Ltd. (Korea Branch)

Munich Re

NongHyup Life Insurance

Samsung Fire Insurance Co., Ltd

Samsung Life Insurance Co., Ltd.

Swiss Re Asia Pte. Ltd., Korea Branch

Tongyang Life Insurance Co. Ltd.

Uber Technologies Inc. (U.S.)

Viva Republica, Inc.

Volkswagen Insurance Services Korea

Industries

Provided by Shin & Kim

Banks

Financial Services

Government

Insurance

Retail

Telecommunications