Insurance | Asia-Pacific

Kim & Chang is a leading Korean law firm, highly respected for its extensive experience in insurance-related transactions. The firm often advises clients on insurance sector M&A as well as joint ventures and restructurings. It is also noteworthy for handling administrative lawsuits and disputes over policy interpretation, including cases brought by the Financial Supervisory Service (FSS). The team maintains longstanding relationships with a number of top Korean insurers. It also advises companies on insurance product development. Samsung Life Insurance, LINA Life Insurance Company of Korea and AIA Life Insurance are examples of its clientele.

Lee & Ko has a leading full-service legal offering for insurance claims, disputes and regulatory advice in South Korea, with an impressive client roster of prominent insurers and reinsurers. The firm is especially active on claims relating to major accidents, particularly in the shipping and property sectors. It also advises clients in the insurance industry on M&A transactions, licensing, insurance product development and data protection. The team includes former members of the Financial Supervisory Service and other financial authorities. It draws on additional expertise from the firm's shipping and aviation practice groups. Its key clients include Kyobo Life Insurance, Hannover RE and Fubon Hyundai Life Insurance.

Bae, Kim & Lee's legal team in South Korea is well placed to support major domestic and international insurers in transactional matters, dispute resolution and regulatory work. The firm demonstrates additional expertise in assisting insurance companies with the development of new products as well as providing advice on immediate annuity matters and general business operations. It is particularly adept at advising foreign insurers and reinsurers on their cross-border operations in Korea. The team offers experience advising insurers with regard to investigations and sanctions by the Financial Supervisory Service. Chubb European Group, KB Insurance and Hanwha Life Insurance are examples of clients represented by the team.

Shin & Kim's team of lawyers in South Korea acts for insurers and reinsurers on claims and liability issues arising from asset and property damage. The firm cooperates closely with the firm's banking group in advising on investment transactions, and also represents clients before legislative bodies. It is well placed to provide advice on contentious matters, regulatory issues and insurance product development. The team is able to represent clients in connection with investigations and sanctions brought by the Financial Supervisory Service (FSS). It also represents insurance clients in civil and criminal lawsuits. Its key clients include AIG, Chubb Life Insurance Korea and General Insurance Association of Korea.

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.

Jipyong is a full-service law firm in South Korea which acts for insurance clients on insurance disputes and non-contentious mandates, including the interpretation of insurance agreements and advice on indemnity rights. It is also well placed to assist domestic insurance companies with their entries into other jurisdictions. Korea Trade Insurance Corporation, Samsung Fire & Marine Insurance and Hanwha Life Insurance are examples of its clients.

Yoon & Yang has an established team of lawyers handling a range of insurance matters in the Korean market, including litigation and advisory matters. The team includes a number of practitioners with prior experience working for Korean financial regulatory authorities, including former Financial Supervisory Service employees. It regularly acts for financial institutions, insurers and corporate clients. Its key clients include Samsung Life Insurance, AIG Korea and Insurance Association of Korea.