Insurance
Asia-Pacific Guide 2024 : South Korea
Band 2
Email address
[email protected]Contact number
+82 2 528 5200About
Provided by Yulchon LLC
1. Recognized Leading Experts in Insurance & Reinsurance Practice
Yulchon’s insurance team has rapidly grown into one of the top insurance and reinsurance practice teams in Korea, offering a comprehensive range of insurance services, including transactional, regulatory, investment, dispute resolution, claims coverage, tax, competition and restructuring and insolvency relating to insurance or insurers.
2. Wide breadth of Coverage and Practice including Legislative Support
Our insurance team represents all types of players in the insurance and reinsurance market by offering a full range of insurance services, including regulatory advice to insurance companies, sophisticated insurance and reinsurance arrangements, issuance and coverage of insurance products, M&As, and restructurings and insolvencies for insurers. We also represent insurance and reinsurance companies in various types of insurance disputes as well as insurance coverage litigations and international arbitrations, and provide a broad range of assistance relating to all types of insurance and reinsurance including property and casualty, life, accident and health, management and professional liability, financial lines, surety and guaranty insurance.
We are also proud of our broad range of clients and services ranging from various types of dispute resolutions, domestic and cross-border investments, complex regulatory matters and even legislative support and insurance product development services.
Chambers Review
Lawyers at Yulchon are frequently engaged to defend a broad range of clients in local and cross-border contentious insurance claims in South Korea. The firm draws on a group of highly experienced insurance experts including business practitioners and financial regulatory advisers. Yulchon acts for insurers on overseas investments and regulatory issues, and is also well placed to assist with insurance product development and insurance policy implementation. The firm is experienced in insurance company M&A matters and advising clients on establishing new business operations. It counts KB Life Insurance, Hanwha Life Financial Service, and Prudential Life Insurance among its clientele.
Work Highlights
- Yulchon advised Hanwha Life Insurance on its takeover of an Indonesian non-life insurance company.
Strengths
Provided by Chambers
"Yulchon's insurance team has the ability to carry out a wide range of tasks in depth. The quality of legal advice is very high, and the response is very quick."
"Yulchon's problem-solving skills are quite outstanding."
"Yulchon's insurance team has the ability to carry out a wide range of tasks in depth. The quality of legal advice is very high, and the response is very quick."
"Yulchon's problem-solving skills are quite outstanding."
Notable Practitioners
Shin Young Su heads Yulchon's insurance practice group and maintains a wide-ranging practice advising insurance companies and government entities on both contentious and advisory mandates in the Korean market. He is particularly active advising on acquisition and market entry matters.
"He has an excellent ability to analyse incidents from the customer's point of view."
Shin Hyeon Hwa has a noteworthy practice in the insurance space. She offers expertise on domestic and cross-border M&A, as well as regulatory matters, representing a number of Korean insurance companies.
"Hyeon Hwa has excellent expertise and a broad perspective on business and policy issues."
"She has the best understanding of Korean insurance business laws and regulations, and expertise in licensing and M&A."
Ranked Lawyers at
Yulchon LLC
South Korea
Members
Provided by Yulchon LLC
Head of Department
Hyo Jeong Doh
Hyung Ki Lee
Joo Han Maeng
Sun Kyoung Kim
Head of Department
Clients
Provided by Yulchon LLC
ACE European Group
Chubb Group of Insurance Companies
Dongbu Insurance
Hanwha General Insurance
Korea General Insurance Association
Korea Life Insurance Association
Korean Reinsurance
Lotte Insurance
Mirae Asset Life Insurance
Seoul Guarantee Insurance
Industries
Provided by Yulchon LLC
Banks
Charities / Not for Profit
Commercial & Professional Services
Financial Services
Government
Health Care
Insurance
Private Clients / Individuals