Department profile
Yulchon LLC

Insurance

Asia-Pacific Guide 2026 : South Korea


Yulchon LLC

Rankings

About

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. 

Clients (10)

  • ACE European Group
  • Chubb Group of Insurance Companies
  • Korean Reinsurance
  • Mirae Asset Life Insurance
  • Korea General Insurance Association
  • Korea Life Insurance Association
  • Dongbu Insurance
  • Seoul Guarantee Insurance
  • Lotte Insurance
  • Hanwha General Insurance

Industries (8)

  • Banks
  • Charities / Not for Profit
  • Commercial & Professional Services
  • Financial Services
  • Government
  • Health Care
  • Insurance
  • Private Clients / Individuals

Chambers Review

Provided by Chambers

Insurance - South Korea

Band 2

Band 2


What the Team is Known For

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.

Work Highlights

Provided by Chambers

  • Yulchon advised Woori Financial Group on its acquisition of Tongyang Life Insurance.

Strengths

Provided by Chambers

  • Yulchon leverages extensive experience to understand clients’ positions and delivers high-quality services that maximise value.

    Insurance respondentAsia-Pacific
  • I think the feedback so far is quick and the professionalism is well tailored to the needs of the client.

    Insurance respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Eminent PractitionersYoung Su Shin
    Eminent PractitionersYoung Su Shin

    Young Su Shin

    Shin Young Su co-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 provides faithful and logical advice on complex issues and has excellent communication skills with clients.

      Insurance respondentAsia-Pacific
    • He is a premier authority on insurance and financial legal services.

      Insurance respondentAsia-Pacific
  • Band 2Hyeon Hwa Shin
    Band 2Hyeon Hwa Shin

    Hyeon Hwa Shin

    Shin Hyeon Hwa has a noteworthy practice in the insurance space. She offers expertise in domestic and cross-border M&A, as well as regulatory matters, representing a number of Korean insurance companies.

    • He is able to handle work quickly and clearly, with an excellent client service mindset.

      Insurance respondentAsia-Pacific
    • He understands the needs of customers well and helps them.

      Insurance respondentAsia-Pacific

Ranked Individuals at Yulchon LLC (2)

South Korea

Members

Provided by Yulchon LLC

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