Firm / Organisation

Kim & Chang

This content is provided by Kim & Chang.

Managing Partners: Kye Sung CHUNG and Kyung Taek JUNG
Number of employees: 3,600
Languages: Chinese, Dutch, English, French, German, Japanese, Korean, Vietnamese

Firm Overview:
Kim & Chang is Korea’s premier law firm. Since its founding in 1973, the firm’s proven track record of providing highest quality legal services to clients and delivering ‘first-of-its-kind’ solutions to complex legal challenges has set the firm apart. Kim & Chang is the market leader in all major practice areas. Today, more than 1,500 professionals – both attorneys and industry/subject matter experts – work seamlessly together to pursue excellence and to craft innovative solutions for clients around the world.

SECTORS
Payments
Blockchain/Cryptocurrency Industry
New & Emerging FinTech Businesses

Broad Range & History:
As Korea has become one of the world’s most technologically advanced and digitally connected countries, Kim & Chang’s finance technology (‘fintech’) group (the firm’s ‘practice’) has extensive experience advising on the legal and regulatory issues of the sector, including topics of electronic finance and data protection.

Unmatched Client Portfolio – Domestic & International:
In addition to advising domestic companies, the firm has a long and unmatched history of advising multinational companies in Korea. Given that experience, the firm understands intimately the sensitivities of multinational companies operating in Korea, their unique needs and concerns in competing in the fintech sector, and how to advocate them before the Korean regulators and adjudicators.

Kim & Chang’s Expertise:
The practice has extensive experience advising on the legal and regulatory issues of the fintech sector. The firm offers extensive fintech support, among others, on licensing matters for fintech business, consulting with financial supervisory authorities, crisis management relating to security and data breaches, and protecting personal and credit information held by financial institutions. The practice is fully dedicated to its clients through a multi-disciplinary and comprehensive approach by combining its market-leading financial regulatory, technology, intellectual property, and various transactional practices to meet the needs of clients and to develop innovative solutions to new regulatory challenges.

Uniquely Qualified Professionals:
Kim & Chang’s fintech professionals and experts have industry-leading knowledge and experience in the fintech sector, enabling the firm to play a unique role in fintech advisory and consultancy services. The practice offers extensive understanding of applicable regulations, such as information protection and electronic finance-related laws. In particular, the practice offers comprehensive services encompassing not only legal but also technical, managerial and physical compliance, and is recognised as the leader in this field. The firm is uniquely positioned to provide optimum, systematic legal services that enable efficient management of civil, criminal and administrative risks faced by fintech companies.

One-Stop Source:
With the firm’s in-depth understanding of the fintech industry, extensive experience, highly qualified experts, and seamless integration with its other practices, the firm is the one-stop source for clients. Kim & Chang tailors these comprehensive services to specific client needs by staffing team members with the best-suited technical expertise and experience. The firm partners closely when necessary with the relevant practices, including its credit finance (banking/securities/credit cards) practice, insurance/foreign exchange practice, privacy practice, M&A practice, digital forensic experts as well as its financial regulatory experts.

Innovative, Reasonable, & Balanced Solutions:
The firm’s vast understanding of the possible obstacles of the business and regulatory environment for domestic and international fintech businesses and related companies enables it to offer creative and efficient solutions to a variety of legal issues faced by its clients in Korea and overseas. The firm’s in-depth understanding of applicable regulations, and industrial standards coupled with its extensive practical field experience with technologies, enable the firm to present creative solutions to unprecedented legal issues. The practice provides valuable and legal updates by closely monitoring the rapidly changing regulatory environment.

Recent Highlights:
Top Tier Law Firm –Chambers Fintech Guide 2019
■ The 2019 edition of Chambers Fintech Guide recognised Kim & Chang as a “Band 1” (top-tier) firm. Additionally, Jung Min Lee – an attorney and key member of the firm’s e-finance and fintech practice, who is also a licensed CPA and actuary – was named as a “Notable Practitioner,” identifying him as a market-leading fintech attorney in Korea.
■ In announcing the rankings, Chambers and Partners stated: “Clients praise [Kim & Chang’s] interdisciplinary team and multidimensional approach[,] which produces insightful advice and pragmatic solutions.”

Key Clients:
■ Google
■ Apple
■ Amazon
■ Microsoft
■ Naver
■ Kakao
■ Delivery Hero
■ Coupang
■ Upbit
■ Bithumb

Contact:
Samuel YIM
Tel: +82 2 3703 1543

Joon Young KIM
Tel: +82 2 3703 1824

Jung Min LEE
Tel: +82 2 3703 1671

Contributions

Total 5 contributions

Litigation 2019 Second Edition Law and Practice in South Korea

Jin Yeong Chung, Jung Keol Suh

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Project Finance 2019 Second Edition Law and Practice in South Korea

Geon Ho Kim, Ie Hwan Yoo, Sangmyoung Shin, John Sangho Park

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Acquisition Finance 2019 Law and Practice in South Korea

Jina Myung, Ie Hwan Yoo, Steve Song

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Articles, Highlights and Press Releases

Total 40 Articles, Highlights and Press Releases

South Korean Supreme Court Sets Rules for “International Panels”

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Article Prohibiting Financial Support for Operating Labor Unions Found Unconstitutional in S. Korea

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South Korea's FSC Announces “Plan for Expansion of Cloud Usage in the Financial Sector”

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