Restructuring/Insolvency
Asia-Pacific Guide 2025 : South Korea
Band 1
Email address
[email protected]Contact number
+ 82 2 3703 1114About
Provided by Kim & Chang
Kim & Chang’s Insolvency & Restructuring Practice advises debtors, creditors, investors, and other interested parties in connection with court-supervised insolvency proceedings such as bankruptcy and rehabilitation in Korea.
Kim & Chang also assists distressed companies with the formulation and implementation of restructuring plans, both in and out of court. The insolvency and bankruptcy lawyers at Kim & Chang have been instrumental in developing the jurisprudence and practices in Korea that are now widely accepted and acclaimed by courts, debtors and creditors.
Key Services:
- Advising debtors, creditors, investors, and other interested parties in connection with court-supervised insolvency proceedings such as bankruptcy and rehabilitation, including assisting creditors with the filing of claims.
- Assisting distressed companies with the formulation and implementation of restructuring plans, including negotiating with creditors and the court.
- Advising investors in connection with the acquisition and sale of distressed assets.
- Representing buyers and sellers of companies undergoing court-supervised insolvency proceedings.
Chambers Review
Kim & Chang is a leading team with a large pool of industry experts offering an impressive breadth of restructuring and insolvency advice. It is particularly strong in assisting creditors in rehabilitation and bankruptcy proceedings and recognised for its cross-border insolvency capability. The team also regularly acts as debtor counsel, assisting domestic and international banks. The firm is adept at handling M&A transactions involving insolvent or financially distressed companies. It also provides out-of-court reorganisation services and is able to draw on relevant expertise in finance, tax and insolvency law.
Strengths
Provided by Chambers
"It was such a pleasure working with Kim & Chang and I was fully satisfied with the high quality of their work. They will tell you straight away what can be achieved."
"They have great execution skills and work together as a team well."
"It was such a pleasure working with Kim & Chang and I was fully satisfied with the high quality of their work. They will tell you straight away what can be achieved."
"They have great execution skills and work together as a team well."
Notable Practitioners
Chung Jin Yeong heads Kim & Chang's restructuring and insolvency practice group and draws on over three decades of experience advising on matters in the field. He has notable expertise in out-of-court corporate restructuring procedures.
Rim Chiyong maintains an impressive position in the market and offers particular expertise in bankruptcy proceedings and corporate rehabilitations involving litigious elements. He brings to bear valuable experience from his time spent as a judge in the Seoul Central District Court bankruptcy division and as a commissioner on the National Court Administration's Rehabilitation and Bankruptcy Committee.
"I would recommend Chiyong Rim for highly specialised and complex issues concerning rehabilitation procedures."
"He is the most notable man in the restructuring industry."
Kim Janghoon has considerable experience advising on rehabilitation proceedings and distressed M&A. He is well placed to assist debtors and creditors.
Jungho Hong has notable experience in restructuring, rehabilitation proceedings, bankruptcy, repossession and management rights disputes. He frequently advises an array of domestic businesses including those in construction and aviation.
Ranked Lawyers at
Kim & Chang
South Korea