Shipping: Finance
Asia-Pacific Guide 2024 : South Korea
Band 1
Email address
[email protected]Contact number
+82 2 772 4000About
Provided by Lee & Ko
Lee & Ko’s Shipping Team provides a full-range service in the areas of shipping, shipbuilding, aviation, comprehensive logistics and other areas relating to transportation and offers superior service to clients based on its expertise and extensive experience.
For decades, we have showed unrivalled performance in the traditional shipping and aviation areas including casualty, ship arrest, mortgage enforcement, cargo claims, marine insurance, and aircraft crash. In addition, our practice has successfully developed expertise and client-base in shipping/aviation-related areas such as ship sale & purchase, charter dispute, shipbuilding dispute, RG dispute, shipping insolvency, comprehensive logistics, aircraft/engine lease and regulation issue. Furthermore, to cope with the changing trend in the shipping industry, we have been endeavouring to diversify practice area and bolster the client base in cross-over industries such as port terminal, warehouse, BWT transaction, offshore construction and commodity.
As a result, in addition to the long-established clients who are the top players in the traditional shipping/aviation industry such as Hyundai Merchant Marine, foreign P&I clubs, CJ Korex, Korea Airline and UK shipping law firms, we have extended our client-base in the new areas.
In terms of size and permanence, compared to other firms, we have the largest shipping team which is well-equipped to offer “one-stop” service to the clients in the most effective and efficient manner.
Chambers Review
Lee & Ko has a formidable shipping law team that has a standout position in South Korea for vessel financing. The finance team advises on new and second-hand ship acquisitions and other structured financing for a range of financial institutions, shipping companies and investors. The practice also takes on cases of collisions, sinkings and disputes over charter parties and cargo, as well as marine insurance claims and shipping-related logistics issues. The team also counsels on international sanctions avoidance matters. It counts Taiyoung Shipping, Hyundai LNG Shipping and the Japan P&I Club among its clientele.
Work Highlights
- Lee & Ko advised Hyundai LNG Shipping in relation to a mass strike at the DSME shipyard that led to construction delays and prompted the shipbuilder to declare force majeure to Hyundai as buyer.
Strengths
Provided by Chambers
"They have taken care of complicated issues through good explanation and active negotiation with the relevant parties."
"Lee & Ko organised a task force consisting of a shipping lawyer, a financing lawyer and a foreign lawyer, which created a great deal of synergy and efficiency."
"They have taken care of complicated issues through good explanation and active negotiation with the relevant parties."
"Lee & Ko organised a task force consisting of a shipping lawyer, a financing lawyer and a foreign lawyer, which created a great deal of synergy and efficiency."
Notable Practitioners
Jung Jinyoung is head of Lee & Ko's shipping and logistics team, based in Seoul. He stands out for his expertise in advising on both wet and dry disputes involving cargo damage, collisions and unpaid lease payments.
"He provided useful and persuasive comments and counterarguments while negotiating with the opposing party. In short, Mr Jung is the only reliable shipping lawyer to whom we can assign any disputes arising in the shipping industry."
"He is committed, knowledgeable, hard-working and very focused on the client getting the right advice."
Ranked Lawyers at
Lee & Ko
South Korea
