Department profile
Yulchon LLC

Shipping: Finance

Asia-Pacific Guide 2026 : South Korea


Yulchon LLC

Rankings

About

Provided by Yulchon LLC

Yulchon’s shipping practice group is composed of attorneys with a strong background in shipping, banking and finance, offering clients a wealth of experience, knowledge and deep understanding of those industries and practices. We are committed to providing to our clients service that is not only efficient but also of the highest quality, while maintaining reasonable rates for the value that we offer. We have a well-earned reputation for our accuracy, professionalism and excellence among our clients and other market participants in the industry.

 

For the past couple of years, we have maintained a strong presence in the shipping practice and built a reputation as one of the leading firms in this area by covering a comprehensive field in the shipping practice, including not only contentious shipping-related matters, but also transactional matters involving ship finance as well as shipping-related restructurings. 

Perhaps most importantly, our clients praise Yulchon’s shipping practice group for the personal manner with which we provide them our legal services, which is what we believe sets us apart from our competitors. To enhance our ability to cater to each individual client’s needs, we also work closely with Yulchon’s other practice groups across a plethora of different sectors and specialities, including with our well-renown tax department. 

Clients (10)

  • Korea Development Bank
  • K-Sure (Korea Trade Insurance Corporation)
  • The Export-Import Bank of Korea
  • Sinokor Merchant Marine
  • SM Line
  • Pan Ocean
  • Hyundai Glovis
  • Hi Asset Management
  • Woori Bank
  • Shinhan Bank

Industries (6)

  • Aerospace & Defence
  • Banks
  • Construction & Materials
  • Financial Services
  • Transportation
  • Utilities

Chambers Review

Provided by Chambers

Shipping: Finance - South Korea

Band 1

Band 1


What the Team is Known For

Yulchon is a leading law firm in South Korea that frequently acts on complex financing and refinancing loans, as well as advising on corporate transactions in the shipping sphere such as investment, sale and leaseback, and restructuring matters. The firm regularly advises financiers, including banks and non-bank lenders, as well as borrowers. Clients benefit from the team's collaboration with other practice groups within the firm, including the tax department.

Work Highlights

Provided by Chambers

  • Yulchon advised the Korea Development Bank in connection with the financing of a 40,300 DWT bulk carrier for Nova Marine.

Strengths

Provided by Chambers

  • Yulchon provide client-focused advice. In our experience they are very capable when handling complex matters.

    Shipping: Finance respondentAsia-Pacific
  • Yulchon's strength is that it responds to problems before they happen.

    Shipping: Finance respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Band 1Christopher Joon Tae Cho
    Band 1Christopher Joon Tae Cho

    Christopher Joon Tae Cho

    Christopher Joon Tae Cho is a foreign attorney at Yulchon and remains a highly active figure in the Korean shipping finance market. He acts on behalf of domestic and international banks, asset management companies, leasing companies and export credit agencies on financing, transactions and shipping loans.

    • Chris prioritises service to his clients and does so to an admirable level. He is also commercially aware and makes sure deals get over the line when needed.

      Shipping: Finance respondentAsia-Pacific
    • Chris is an energetic and trustworthy lawyer.

      Shipping: Finance respondentAsia-Pacific
    • He is our most trusted partner in ship finance.

      Shipping: Finance respondentAsia-Pacific
  • Up and ComingSung Keun Park
    Up and ComingSung Keun Park

    Sung Keun Park

    Park Sung Keun shows great expertise in ship finance matters and regularly advises borrowers, lenders and insurers on vessel acquisitions and financings. As a foreign attorney, he works extensively across multiple jurisdictions and on cross-border transactions.

Ranked Individuals at Yulchon LLC (2)

South Korea

Members

Provided by Yulchon LLC

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