Jay Ahn leads the insurance team at Kim & Chang, which is experienced in advising on a range of insurance, regulatory and licensing matters. The group acts for a client base of insurance, reinsurance and brokerage companies across the country. Ahn has notable expertise in acting for US-based companies, also a key area of strength for Jae Ho Baek. Hyun Wook Shin is particularly experienced in handling issues concerning sanctions and criminal investigation. Joon Young Kim leads the e-finance and fintech group.
Insurance: local firms in South Korea
Kim & Chang
Responsables de la pratique:
Jay Ahn
Autres avocats clés:
Jae Ho Baek; Hyun Wook Shin; Joon Young Kim
Les références
‘The team is composed of experienced and highly skilled lawyers with a deep understanding of the law. They have a proven track record of success in a wide range of legal matters. They are committed to providing their clients with the highest quality legal representation. They are approachable and client-oriented. They are constantly innovating and looking for new ways to improve their services.’
‘They are the best lawyers in the Republic of Korea with their outstanding career and skills, endless enthusiasm and perseverance, respect for clients and excellent communication skills.’
Principaux clients
Samsung Life Insurance Co., Ltd.
Samsung Fire & Marine Insurance Co., Ltd.
AIA Life Insurance Co. Ltd.
LINA Life Insurance Company of Korea
ACE American Fire Marine Insurance Co., Ltd. Korea Branch
Hyundai Marine and Fire Insurance Co., Ltd.
Korean Reinsurance Company
KB Life Insurance
Shinhan Life Insurance Co., Ltd.
AIG (American International Group) Korea Inc.
Principaux dossiers
- Acted for a life insurance company in a lawsuit filed by policyholders concerning a dispute over the amount of annuity payment owed under the policy.
- Represented Hyundai Marine & Fire Insurance in a claim brought under a hospital indemnity insurance regarding cataract surgery.
- Advised a major U.S. insurance company on obtaining regulatory approval to become the largest shareholder of a Korean life insurance company.
Lee & Ko
Lee & Ko‘s insurance and reinsurance practice is led by Jin Hong Kwon, who is also a member of the firm’s financial services and compliance division. The team is experienced in assisting insurers with formation and licensing matters, both on a domestic and international basis. Jin Young Jung is particularly noted for his expertise in advising on insurance matters within the shipping, energy and natural resources sectors. Sae Um Kim is a key practitioner.
Responsables de la pratique:
Jin Hong Kwon
Autres avocats clés:
Yeongseog Jeong; Jin Young Jung; Sae Um Kim; Yang Ho Yoon
Les références
‘The team has a lot of experience and self-motivated lawyers.’
‘All individuals are self-motivated, and all individual team members communicate closely with customers to investigate, research, and present opinions extensively to meet their needs.’
‘Lee&Ko is very prompt on every response, and their legal advice does not put on airs, but instead is straight-forward for their client in a practical way. ’
Principaux clients
ABL Life Insurance Co., Ltd., formerly known as Allianz Life Insurance Co., Ltd.
Ace American Fire Marine Insurance Co., Ltd (Korea Branch)
AIA Group Limited (AIA Korea)
AIG (American International Group) Insurance Co., Ltd.
Allianz SE, Singapore Branch
Allied World Assurance Company Ltd.
Aon Korea Inc.
Aon PLC
Aon Singapore Pte. Ltd.
Apple Europe Limited
Arch MI Asia Limited
Arthur J. Gallagher & Co.
Assicurazioni Generali S.p.A. (Hong Kong)
AXA Life Insurance Co., Ltd.
Berkley Re
BNP Paribas Cardif General Insurance Co., Ltd.
BNP Paribas Cardif Life Insurance Co., Ltd.
Chubb Life Insurance Co., Ltd.
CNA Hardy
Compagnie Française d’Assurance pour le Commerce Extérieur
Corstone Asia
DB Insurance Co., Ltd.
DB Life Insurance Co., Ltd.
Euler Hermes Hong Kong Services Limited
Euler Hermes Korea Non-Life Broker, Co., Ltd.
FM Global
Fubon Hyundai Life Insurance Co., Ltd.
Fusion Specialty Insurance Pty Ltd
General Insurance Association of Korea
General Reinsurance Corporation
Hanjin Busan Newport Co., Ltd.
Hannover Re Malaysia
Hanwha General Insurance Co., Ltd.
Hanwha Life Insurance Co., Ltd.
Heungkuk Fire Marine Insurance Co., Ltd.
Heungkuk Life Insurance
Hyundai Marine and Fire Insurance Co., Ltd.
Jardine Lloyd Thompson (JLT) Asia Limited (now known as Marsh)
KB Insurance Co., Ltd.
Korea General Insurance Association
Korea Life Insurance Association
Korea Shipping Association
Korea Trade Insurance Corporation
Korean Reinsurance Company
Kyobo Life Insurance Co., Ltd.
LG Energy Solution
LINA Life Insurance Company of Korea
Meritz Fire & Marine Insurance Co., Ltd.
MetLife Insurance Co., Ltd.
Mirae Asset Life Insurance Co., Ltd.
Munich Reinsurance Company, Korea Branch
Pacific Life Re
POSCO Engineering & Construction Co., Ltd.
RGA Reinsurance Company
Samsung Fire & Marine Insurance Co., Ltd.
Samsung Life Insurance Co., Ltd.
Seoul Guarantee Insurance Corporation
Shinhan Life Insurance Co., Ltd.
SK Engineering & Construction Co., Ltd.
Sompo Japan Nipponkoa Insurance Inc.
Swiss Reinsurance Company Ltd.
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Zurich Insurance Group
Zurich Life Insurance(Hong Kong)
Principaux dossiers
- Represented Kyobo Life Insurance in appeal proceedings concerning an insurance claim dispute involving immediate annuities lodged by a group of policyholders.
- Advised on the legislation process for regulating actuaries for the Institute of Actuaries of Korea.
- Assisted with an M&A transaction involving the sale of stocks issued by a large insurance agency to a subsidiary of Hanwha Life Insurance Co., Ltd.
Bae, Kim & Lee LLC
Bae, Kim & Lee LLC ‘stands out in the market due to its strong sense of responsibility and efficiency’. Jaiyoung Kim leads the team, which is strong in advising leading Korean and multinational insurers and reinsurers on a range of regulatory issues and asset management concerns. The practice is also noted for its growing expertise in assisting with financial supervisory authorities’ investigations and sanctions, a recognised core pillar of Kim's workload. Jong Min An is a key name for advising on regulatory matters. Dal Jae Park is a name to note.
Responsables de la pratique:
Jaiyoung Kim
Autres avocats clés:
Jong Min An; Soo Hyun Kim; Dal Jae Park
Les références
‘Not only do they provide answers to legal issues, but they also provide detailed opinions on the overall process, including background, related knowledge, and effects.’
‘BKL have repeatedly shown that they understand the industry based on which they have always provided solid advice. A definite plus is the accuracy and precision of their analysis.’
‘BKL stands out in the market. While some firms struggle with heavy workloads, BKL’s dedication and promptness make a significant difference, contributing to heightened client satisfaction.’
Principaux clients
Carrot General Insurance
DB Insurance
Hanwha General Insurance
Hyundai Marine & Fire Insurance
Kakao Pay
KB Insurance
Meritz Fire & Marine Insurance
NongHyup Life Insurance
Samsung Fire & Marine Insurance
Shinhan Financial Group
Principaux dossiers
- Defending Samsung Fire & Marine Insurance and five other insurance companies in a lawsuit filed by drivers who are seeking compensation after payment of deductibles, in respect of damage caused by car accidents.
- Advised Hanwha General Insurance on an REIT to be established by Hanwha Asset Management.
- Advised mobile payment service provider Kakao Pay on obtaining an approval for a general insurance business filed by the client.
Shin & Kim
The insurance team at Shin & Kim counts regulatory compliance and transactional matters as key strengths, and regularly assists insurers, reinsurers, brokers and agents. Working closely with the firm’s litigation department, the group fields expertise in advising on business interruption and professional liability matters. Ji Hoon Kim is well versed in life insurance issues.
Autres avocats clés:
Se Ryul Hong; Ji Hoon Kim
Principaux clients
Samsung Life Insurance Co., Ltd.
AIG Insurance Company
Chubb Limited
Lockton Overseas Limited
General Insurance Association of Korea
DB Insurance Co., Ltd.
Mirae Asset Life Insurance
KB Insurance Co., Ltd.
Manufacturers Life Insurance Company, Bermuda branch
Samsung Life Insurance Co., Ltd.
Yulchon
The insurance team at Yulchon is jointly led by Young Su Shin, who is also recognised for his corporate and financial expertise, and Hyeon Hwa Shin. The group has a solid track record in assisting the country's major financial regulators, bolstering the department's strength in handling regulatory reviews for insurance clients. Additionally, the team fields expertise in advising on insurance disputes and insurance and reinsurance arrangements.
Responsables de la pratique:
Young Su Shin; Hyeon Hwa Shin
Les références
‘Yulchon’s insurance team offers very practical and helpful advice.’
‘Young Su Shin is one of the most prominent legal practitioners in the Korean insurance industry. He has amazing in-depth expertise on insurance matters.’
Principaux clients
Chubb Insurance
Korean Reinsurance
Mirae Asset Life Insurance
Korea General Insurance Association
Korea Life Insurance Association
DB Insurance Co., Ltd.
DB Life Insurance Co., Ltd.
Seoul Guarantee Insurance Company
Lotte Insurance Co., Ltd.
Hanwha Insurance Co., Ltd.
Hanwha Life Insurance Co., Ltd.
MetLife Insurance Co., Ltd.
KB Life Insurance Co., Ltd.
KB Insurance Co., Ltd.
Meritz Fire & Marine Insurance Co., Ltd.
KDB Life Insurance Co., Ltd.
Samsung Life Insurance Co., Ltd.
Financial Supervisory Service / Financial Services Commission (Korean Government)
Samsung Fire & Marine Insurance
Kyobo Life Insurance Co., Ltd.
Tongyang Life Insurance Co., Ltd.
Korea Insurance Institute
Hanwha Life Financial Service
ABL Life Insurance Co., Ltd.
Principaux dossiers
- Advised Samsung Life Insurance on its purchase of a minority interest in Meridiam SAS, a French infrastructure investment manager.
- Advised KB Financial Holding Company’s Wholly Owned Subsidiaries, KB Life Insurance and Prudential Life Insurance on a merger.
- Advised on the acquisition of People Life by Hanwha Life Financial Service.
Jipyong LLC
Jipyong LLC‘s insurance team advises high-profile domestic insurance companies on a wide range of matters, from the interpretation of insurance contracts to entry into foreign markets. InsurTech, combining AI and blockchain and fintech technologies, is an area of growth for the practice. Byoung Moon Choi heads up the department, and has solid expertise in financial regulation issues.
Responsables de la pratique:
Byoung Moon Choi
Les références
‘Excellent information and experience about the insurance industry.’
Principaux clients
Samsung Fire & Marine Insurance
International Adjusters & Surveyors, Hyundai Marine & Fire Insurance, and Incok Loss and Average Adjusters
Hanwha Life Insurance, Samsung Fire & Marine Insurance, and Postal Insurance
KB Insurance, Samsung Fire & Marine Insurance
Nonghyup Life Insurance, Nonghyup Property and Casualty Insurance, and DGB Life Insurance
Shinhan Life Insurance
Korea Trade Insurance Corporation
Samsung Fire & Marine Insurance
Principaux dossiers
- Advised a client in a case where a decision was made that a death as a result of a drug overdose does not constitute an ‘accidental death’ for the insurer.
- Advised the client on matters relating to the proportional distribution of defense costs for directors and officers’ liability insurance.
- Represented clients in multiple cases involving disputes over the effectiveness of insurance policies.
Yoon & Yang LLC
The insurance team at Yoon & Yang LLC fields expertise in advising on insurance matters involving regulatory issues, as well as licensing mandates and contentious work. Cross-border insurance litigation and arbitration is prominent in the department’s workload, with the practitioners acting for Korean and international insurers in this space. Chongsu Seo stands out as ‘excellent‘ in marine insurance work. Other key members of the team include Hyun Suk Jung, Hwang Lim Jang, and Hwan Jun Heo.
Responsables de la pratique:
Hwan Jun Heo; Chang Hun Han
Autres avocats clés:
Hyun Suk Jung; Hwanglim Jang; Chongsu Seo
Les références
‘Very experienced team on insurance and reinsurance matters.’
‘Chongsu Seo is excellent for marine insurance matters.’
Principaux clients
Hanwha Life Insurance Co., Ltd.,
Hanwha Life Financial Services
Hanwha General Insurance Co., Ltd.
KB Insurance Co.,Ltd.
Samsung Fire & Marine Insurance Co., Ltd.
Samsung Life Insurance Co., Ltd.
DB INSURANCE CO., LTD.
AIG Korea Inc.
Tong Yang Life Insurance Company
FITPET
NongHyup Life Insurance Co., Ltd.
NongHyup Property & Casualty Insurance