Restructuring/Insolvency
Asia-Pacific Guide 2024 : South Korea
Band 3
About
Provided by Yoon & Yang LLC
Yoon & Yang’s Corporate Restructuring team, which is subordinated under its Corporate Advisory Practice Group has great specialty and experience, and is led by Sang-Goo Han, a well-renowned Korean lawyer in the insolvency and corporate restructuring area. Sang-Goo Han is still active in practicing his own cases related insolvency and restructuring.
In addition, the firm has recently hired Jongsang Lee from LG Electronics. As the former vice president at LG Electronics, Jongsang Lee played a pivotal role in the establishment of a holding company of LG Electronics. Based on this and other relative experiences, Jongsang Lee is now the head of Institute for Corporate Governance at Yoon & Yang.
The team is particularly known for its well-balanced bench between seasoned attorneys and junior partners. The practice group is headed by Sang-Goo Han with 20 years of experience in corporation rehabilitation and restructuring areas. In addition, Sang-Goo Han is backed up by a seasoned restructuring & insolvency attorney, Jungseok Ryu, who mainly focuses on corporate organization, bankruptcy procedure and M&A of turnaround companies and company workout. Key figure of the group’s junior partner level is Sangman Kim and Joon Oh Jo.
Chambers Review
Yoon & Yang is highly experienced in the various corporate transactions arising from reorganisation proceedings, with expertise in handling M&A transactions involving companies under rehabilitation. It continues to expand its creditor practice, often advising domestic banks. The firm also assists companies with filing for bankruptcy and handles related litigation. It is well placed to serve prominent international clients and Korean conglomerate corporations and private equity firms. Its key clients include Cactus Private Equity, Gangwon-do Provincial Government, and POSCO ICT.
Han Sang-Goo is a key contact for the firm's practice.
Work Highlights
- Yoon & Yang acted for Cactus Private Equity, a member in the KG Mobility-led consortium, on its acquisition of newly issued shares from Ssangyong Motor, an entity that became subject to rehabilitation proceedings.
Members
Provided by Yoon & Yang LLC
Clients
Provided by Yoon & Yang LLC
Daewoo Information Systems
KORAMCO REITs & Trust
Meritz Securities
Metanet Security
STX Engine
Seoul Guarantee Insurance Company
Shinhan Bank
Sungdong Shipbuilding & Marine Engineering
Taesung Accounting Corp
Woori Bank