Shipping: Finance
Asia-Pacific Guide 2025 : South Korea
Band 1
Email address
[email protected]Contact number
+82 2 528 5200About
Provided by Yulchon LLC
Yulchon’s shipping practice group is composed of attorneys with a strong background in shipping, banking and finance, offering clients a wealth of experience, knowledge and deep understanding of those industries and practices. We are committed to providing to our clients service that is not only efficient but also of the highest quality, while maintaining reasonable rates for the value that we offer. We have a well-earned reputation for our accuracy, professionalism and excellence among our clients and other market participants in the industry.
For the past couple of years, we have maintained a strong presence in the shipping practice and built a reputation as one of the leading firms in this area by covering a comprehensive field in the shipping practice, including not only contentious shipping-related matters, but also transactional matters involving ship finance as well as shipping-related restructurings.
Perhaps most importantly, our clients praise Yulchon’s shipping practice group for the personal manner with which we provide them our legal services, which is what we believe sets us apart from our competitors. To enhance our ability to cater to each individual client’s needs, we also work closely with Yulchon’s other practice groups across a plethora of different sectors and specialities, including with our well-renown tax department.
Chambers Review
Yulchon is a leading law firm in South Korea that frequently acts on complex financing and refinancing loans, as well as advising on corporate transactions in the shipping sphere such as investment, sale and leaseback, and restructuring matters. The firm regularly advises financiers, including banks and non-bank lenders, as well as borrowers. Clients benefit from the team's collaboration with other practice groups within the firm, including the tax department.
Work Highlights
- Yulchon advised Curious Partners on the sale of four drill ships built and owned by Samsung Heavy Industries.
Strengths
Provided by Chambers
"The team are adept at handling and managing very complex cross-border international transactions and investments. They are extremely quick, efficient and practical in their approach."
"Yulchon will go out of their way where necessary to get the deal over the line. They are able to explain complex Korean-related matters in a simple manner."
"The team are adept at handling and managing very complex cross-border international transactions and investments. They are extremely quick, efficient and practical in their approach."
"Yulchon will go out of their way where necessary to get the deal over the line. They are able to explain complex Korean-related matters in a simple manner."
Notable Practitioners
Christopher Joon Tae Cho is a foreign attorney at Yulchon and remains a highly active figure in the Korean shipping finance market. He acts on behalf of domestic and international banks, asset management companies, leasing companies and export credit agencies on financing, transactions and shipping loans.
"He is our go-to guy on all overseas investments, including shipping and aviation matters."
"Chris is a reliable partner in the Korean legal market. He provides sensible advice and will often go the extra mile to help get deals over the line."
Park Sung Keun shows great expertise in ship finance matters and regularly advises borrowers, lenders and insurers on vessel acquisitions and financings. As a foreign attorney, he works extensively across multiple jurisdictions and on cross-border transactions.
Ranked Lawyers at
Yulchon LLC
South Korea
Members
Provided by Yulchon LLC
Charles Kwak
Hee Woong Yoon
Hyerim Kang
Hyun Min Kim
Jung Hwan Lee
Junshik Yoon
Kee Lim Choi
Sung Keun Park
Sung-Jin Kim
Clients
Provided by Yulchon LLC
Hi Asset Management
Hyundai Glovis
K-Sure (Korea Trade Insurance Corporation)
Korea Development Bank
Pan Ocean
SM Line
Shinhan Bank
Sinokor Merchant Marine
The Export-Import Bank of Korea
Woori Bank
Industries
Provided by Yulchon LLC
Aerospace & Defence
Banks
Construction & Materials
Financial Services
Transportation
Utilities