Kim & Chang, Seoul Office, FinTech

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Profile

Provided by Kim & Chang

Company Name: Kim & Chang

Managing Partners: Kye Sung CHUNG and Kyung Taek JUNG

Number of employees: 4,200

Languages: Chinese, Dutch, English, French, German, Greek, Italian, Japanese, Korean, Russian, Spanish, Vietnamese

Firm Overview

Kim & Chang is Korea’s premier law firm. Since our founding in 1973, our proven track record of providing the highest quality legal services to our clients and delivering first-of-their-kind solutions to complex legal challenges has set us apart. We are the market leader in all practice areas. Today, more than 2,000 professionals – both attorneys and industry/subject matter experts – work seamlessly together to pursue excellence and craft innovative solutions for our clients around the world.

Broad Range & History

As Korea has become one of the world’s most technologically advanced and digitally connected countries, Kim & Chang’s FinTech & IT Compliance Group has extensive experience advising on the legal and regulatory issues of the sector, including topics of digital finance, virtual asset, and data protection.

Unmatched Client Portfolio – Domestic and International

In addition to advising domestic companies, the firm has a long and unmatched history and experience of advising multinational companies in Korea. Given our experience, our firm has an expansive and in-depth understanding of international companies operating in Korea, their unique needs and concerns in competing in the FinTech sector, and how to advocate for our FinTech clients’ interests before the Korean regulators and the courts.

Kim & Chang’s Expertise

The Kim & Chang FinTech & IT Compliance Group’s practice (our “Practice”) has extensive experience advising the legal and regulatory issues of the FinTech sector, including topics of digital finance, artificial intelligence, digital asset/NFT/blockchain, security token offering, AML and data protection.

Composed of experts who specialize in IT-related technical and financial regulations, our Practice is well versed in the Electronic Financial Transactions Act, the Act on Reporting and Use of Certain Financial Transaction Information, the Personal Information Protection Act, the Credit Information Use and Protection Act, the Act on Promotion of Utilization of Information and Communication Network and other applicable laws and administrative regulations.

Uniquely Qualified Professionals

Kim & Chang’s experts in the FinTech & IT Compliance Group have unparalleled knowledge and experience in the FinTech sector, enabling the firm to play a unique role in FinTech advisory and consultancy services. With an extensive understanding of applicable regulations, such as data protection, digital asset, and digital finance-related laws, regulatory sandbox, we are uniquely positioned to provide optimum, systematic legal services that enable efficient management of civil, criminal and administrative risks faced by our clients. In particular, we offer comprehensive services encompassing not only legal but also technical, managerial, and physical compliance, and is recognized as the premier leader in this field.

One-Stop Source

Our Practice offers unparalleled one-stop legal service to our clients through our in-depth understanding of FinTech, our extensive experience in representing high-profile matters, our highly qualified professionals, and seamless cooperation with Kim & Chang’s other practices. We tailor these comprehensive services to specific clients’ needs by staffing team members with best-suited technical expertise and experience and partnering closely with relevant practice areas, including banking, securities, non-bank financial companies, insurance, privacy & data security, AML/CFT, mergers & acquisitions, and digital forensics experts.

Reasonable and Balanced Solutions

Our acute awareness of the possible obstacles of the business and regulatory environment for domestic and international FinTech businesses and related companies enables us to offer creative and efficient solutions to a variety of legal issues our clients face in Korea and overseas. Furthermore, our in-depth understanding of applicable laws and regulations and practical field experience with various technologies enable us to present creative solutions to unprecedented legal issues. Through close monitoring and analysis of the changing regulatory environment, our Practice provides clients with valuable and timely legal updates.

Recent Highlights

Only “Band 1” Firm in Korea for Fifth Consecutive Years – Chambers FinTech Guide 2023

Kim & Chang was the only Korean law firm ranked “Band 1” for the Fifth consecutive year in the Legal section of Chambers Fintech Guide 2023.Our attorneys, Jung-Min Lee and Gye-Jeong Kim were recognized as a “Leading Individuals.”

Contacts

Jung Min LEE

E. [email protected] | T.+82-2-3703-1671

Joon Young KIM

E. [email protected] | T.+82-2-3703-1824

Sectors

Advice on financial Artificial Intelligence
Advice on FinTech/Electronic Finance/Electronic Payment-Related Laws
Advice on Internet-only Banks and New Business Models
Electronic Financial Services Licensing and Regulatory Authority Services
Finance IT-Related Advisory Services
Finance IT-Related Compliance Diagnosis and Advice
Advice on Data Protection/Privacy
IT/Information Processing Outsourcing/Offshoring-Related Services
Security and Data Breach Countermeasure Services
Finance IT-Related IP Assistance
Blockchain/DLT, Digital Asset/Cryptocurrency, security token offering, and NFT Related Services
Advice on AML/CFT Matters
Advice on Regulatory Sandbox Application

OFFICES

SOUTH KOREA

SEOUL: 39 Sajik-ro 8-gil, Jongno-gu, 03170

Tel: +82 2 3703 1114 Fax: +82 2 737 9091/9092

Email: [email protected]

CHINA

HONG KONG: Unit 401, 4/F, Standard Chartered Bank Building,

4-4A Des Voeux Road, Central

Tel: +852 3468 6390 Fax: +852 3620 2889

Email: [email protected]

VIETNAM

HO CHI MINH CITY: Suite 1601, Deutsches Haus,