General Business Law
Asia-Pacific Guide 2024 : North Korea
Spotlight
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+82 2 528 5200About
Provided by Yulchon LLC
Yulchon LLC possesses a wealth of experience providing practical legal advice on business in North Korea going back to 1998, including for investment projects and related issues such as North Korea economic sanctions.
Yulchon built its expertise providing legal solutions in the North Korea practice field, handling work with Hyundai Construction’s North Korea Light-Water Reactor Project. We additionally advised on the Mount Kumgang Resort and Kaesong Industrial Complex investment efforts conducted by Hyundai Asan and Hyundai Merchant Marine, which embarked on business endeavours to support Inter-Korean economic cooperation in the late 1990’s.
Recognized by clients from domestic and international corporations and institutions for its expertise and excellence in legal service, Yulchon has handled negotiations with the North Korean government and has assisted in preparing and implementing agreements for companies investing in North Korea.
Yulchon’s North Korea Team has grown into a specialized team of 24 professionals as tensions between North and South Korea have eased following the April 2018 South-North Korean Summit meetings. Our North Korea Team is composed of highly qualified professionals, some of whom have been advising on North Korea investment and disputes matters for 20 years.
Chambers Review
Yulchon has an established practice advising governmental bodies and Korean companies regarding investment and disputes issues connected to North Korea. The team's recent work has included advising on foreign aid and economic sanctions matters. The firm has lawyers within the team with expertise regarding the North Korea Economic Cooperation Committee.
Notable Practitioners
Shin Tong-chan advises corporate clients and government bodies on compliance matters relating to export control as well as international sanctions.