Restructuring/Insolvency
Asia-Pacific Guide 2024 : South Korea
Band 2
Email address
[email protected]Contact number
+82 2 528 5200About
Provided by Yulchon LLC
Yulchon’s Insolvency & Corporate Restructuring Team is especially well known for its innovative structuring and negotiation skills in out-of-court restructuring matters, which enable the indebted companies to succeed in restructuring their debt without a formal court proceeding, or sometimes, within a court proceeding.
Yulchon’s innovative and open-minded way of problem solving, coupled with its meticulous workmanship, has allowed the team to create new trends and methods in the restructuring and insolvency market that are followed by many other competitors. In addition to the successes already mentioned above, Yulchon is always coming up with creative solutions for various needs of the distressed industries, such as golf resorts, the automobile/auto parts industry, as well as the manufacturing industry.
Yulchon has strong cross-border capabilities. Yulchon has close relationships with local firms worldwide and especially in Asia. Yulchon has been remarkably prompt and efficient when dealing with cross-border insolvency and corporate restructuring matters and can bring results for its clients at a much faster pace and with higher quality than is possible for most major law firms in Korea. We are proud of our broad scope of experiences in various insolvency matters within the global community.
Chambers Review
Yulchon is an experienced team with noted expertise in complex corporate restructurings. It has a proven track record in the coordination of multi-jurisdictional bankruptcies on behalf of debtors. The team is frequently instructed to advise on out-of-court rescue procedures and workout schemes. The firm provides capabilities in cross-border insolvency matters thanks to its close association with local firms in multiple jurisdictions. Its key clients include Seoul Guaranty Insurance Company, Samil PricewaterhouseCoopers and KEB Hanah Bank.
Work Highlights
- Yulchon represented Seoul Guarantee Insurance Company, as a creditor, in Myongji School Foundation's rehabilitation proceedings.
Strengths
Provided by Chambers
"We can rely on Yulchon in complex and sophisticated matters. We are impressed by its performance."
"The lawyers did not miss any single detail, they checked one by one with us, and at the same time they never let the case deviate from the main issues."
"I feel Yulchon has an understanding of what client cares about and will do, and its advice has always been fitted to it."
"We can rely on Yulchon in complex and sophisticated matters. We are impressed by its performance."
"The lawyers did not miss any single detail, they checked one by one with us, and at the same time they never let the case deviate from the main issues."
"I feel Yulchon has an understanding of what client cares about and will do, and its advice has always been fitted to it."
Notable Practitioners
Kim Chul Man co-leads Yulchon's restructuring and insolvency practice and is a well-regarded lawyer with particular strength in cross-border insolvency litigation. He remains a popular choice among creditors and debtors. He is also equipped to advise on distressed M&A.
Kim Sun Kyoung is a well-recognised lawyer who manages a wide-ranging practice, handling bankruptcy proceedings, corporate restructuring and rehabilitation procedures. He has significant experience as a litigator.
"Mr Kim's negotiation skills and strategies shine especially when the case is not in our favour."
Ranked Lawyers at
Yulchon LLC
South Korea
Members
Provided by Yulchon LLC
Byung Hoon Hwang
Ho Sung Song
In Yong Hwang
Jae June Yang
Jin Seok Choi
Junshik Yoon
Ki Young Kim
Seung Hak Woo
Su Yeon Lee
Sy Nae Kim
Yeo Sun Yun
Clients
Provided by Yulchon LLC
Daewoo Shipbuilding and Marine Engineering
Hanil Engineering and Construction
Hyundai Merchant Marine
KTB Asset Management
Keangnam Enterprises, Ltd.
Kookmin Bank
NH Bank
Pine Resort
Seoul Guarantee Insurance Corporation
Woori Bank
Industries
Provided by Yulchon LLC
Banks
Commercial & Professional Services
Construction & Materials
Energy
Financial Services
Government
Health Care
Pharmaceuticals & Life Sciences
Real Estate
Real Estate Finance
Technology, Hardware & Electronics
Telecommunications
Transportation
Utilities