Byoung Moon Choi

Practice Areas

Insurance

Career

Mr. Byoung Moon Choi is the head of Jipyong’s Insurance Team. He primarily focuses his practice on representing clients in disputes and matters related to insurance. He also regularly advises companies with respect to financial regulation and supervision, human resource management and labor, operation of public institutions.

Mr. Choi was the head of Finance and Litigation Team at HMP law from 1998 to 2021. His representative matters include: Representing a securities company in a dispute arising from the resale frenzy of beneficiary certificates including Daewoo’s bonds; successfully representing Samsung Life Insurance in a class action with respect to the whole life annuity (the case related to payment of guaranteed dividends) which attracted attention from society and gaining the Supreme Court’s final ruling in favor of the insurer for the first time in the history of the insurance industry; representing commercial banks in a claim for the return of unfair profits or claim for damages made against them by the group of yen borrowers; representing banks and securities companies in litigation related to LIG Construction’s CP investment; representing the Financial Supervisory Service in an administrative litigation related to the Service’s disciplinary action against a bank’s president for his insufficient internal control; and representing a wide range of clients in insurance disputes and litigation.

Mr. Choi’s expertise is demonstrated through his career. He completed the insurance law course under the Finance Law and Practice Program of the Seoul National University, and is a member/research director of the Korean Insurance Law Association and a member/director of Korea Financial Law Association. Mr. CHOI also devotes a significant portion of his practice to engaging in academic and practice seminars and holding seminars with respect to the insurance and other related industries.

Mr. Choi was an insurance benefit commissioner of the Standing Special Committee for Amendment of the Commercial Act at the Ministry of Justice from 2011 to 2013. He also served as the commissioner of the Advertisement Deliberation Committee of the Korea Life Insurance Association from 2015 to 2021. From 2014 to 2021, he also served as a member of various committees including the Sanction Review Committee and the HR and Organizational Culture Innovation TF, as well as advisor (specialized in insurance) of the Financial Supervision Advisory Committee at Financial Supervisory Service (FSS), commissioner (specialized in insurance) of the Dispute Mediation Committee, Commissioner of the Management Evaluation Committee of MG Non-Life Insurance Co., Ltd., and Commissioner of the Committee on Management of Operating Guarantee Deposits of Insurance Brokers. Currently he is the commissioner of the Discretionary Review of Regulations Committee. He has actively participated in advising the Financial Supervisory Service on various sanctions and regulations as an expert in the fields of insurance and financial regulation. He also provides services to not only financial institutions but also their executives and employees as well as financial consumers, contributing to efforts to protect their rights.

Mr. Choi has advised and represented the Korea Airports Corporation, a state-owned company, in connection with various matters and disputes for over 20 years. He also represents various public institutions including Kangwon Land, various power companies, Financial Supervisory Service, and the Financial Services Commission, etc. and has broad and extensive experience in advising public institutions on various matters including management.

With his work ethics, Mr. Choi consistently demonstrates the best effort to protect the profit of clients in various industries.

Professional Memberships

Korean Bar

Personal

Yonsei University (LL.B., 1993)