Shipping: local firms in South Korea

Kim & Chang

Kim & Chang’s practice, led by Byung-Suk Chung, offers extensive expertise in shipping, shipbuilding, insurance, and international trade, along with related international arbitration and litigation. The team represents both domestic and international shipowners, as well as their respective P&I clubs and insurers. Its full-service capabilities encompass marine casualties, shipbuilding disputes, regulatory advice, insolvency, enforcement actions, and marine insurance. Chul-Won Lee brings wide-ranging experience in maritime law, including vessel arrest and shipbuilding matters. Jae Bok Lee covers charterparty disputes, as well as offering an expanding ship finance practice. Joon Hwan Park handles major maritime incidents in Korean waters and international disputes. Na-Rae Kim and Sang-Hyup Lee were recently promoted to the partnership.

Responsables de la pratique:

Byung-Suk Chung


Autres avocats clés:

Jin Hong Lee; Chul-Won Lee; Jae Bok Lee; Joon Hwan Park; Sang-Hyup Lee; Daehee Lee; Na-Rae Kim


Les références

‘Kim & Chang have a strong presence in shipbuilding with specialist knowledge and market presence.’

‘Chul-Won Lee is preeminent in advising clients on disputes regarding ship construction and design disputes. This extends to oil, gas and other infrastructure.’

‘The Kim & Chang maritime team has been and is still respected marine legal experts in the Korean shipping market. They have a high level of understanding of the shipping industry and show good performance in not only general charterparty disputes but also various other disputes. They have strong analytic ability and wide experience in arbitration and litigation.’

Principaux clients

Korea Shipowners’ Association


Korea P&I Club


H-LINE Shipping Co.,Ltd.


SAMSUNG HEAVY INDUSTRIES CO.,LTD


PANSTAR CO.,LTD.


NorthStandard


Hyundai LNG


Principaux dossiers


  • Advised on a matter related to vessels trading with EU nations under the EU-ETS regulations and foreign exchange issues, including advice on the potential consequences and regulations surrounding a Korean shipping entity’s procurement of emission allowances from the EU market under the Act on Korea Foreign Exchange Laws.
  • Advised on a case involving an employee of a subcontractor to the Incheon Port Authority (IPA) who died while working on a floodgate repair project, representing the IPA and its representative during the appeal process and successfully defending the case.
  • Working with Hungarian and UK law firms to act for a Hungarian travel agency in a lawsuit filed by some of the families of the 25 Korean tourists who tragically died when the cruise ship Hubleany sank in the Danube River in Budapest, Hungary, in 2019.

Lee & Ko

Lee & Ko offers a comprehensive service across all aspects of shipping law and related sectors, providing clients with a full range of expertise. In recent years, the team has successfully expanded its practice into cross-over industries, including port terminal operations, warehousing, offshore construction, and commodity trading. The practice is led by Jin-Young Jung, a seasoned expert in maritime law, marine insurance, and international commercial disputes. Yun-Jeong Seo leads the firm’s highly-regarded shipping finance team, advising shipping companies, financial institutions, and investors on complex transactions such as acquisitions and structured financing. Complementing the team’s strength, Yang-Ho Yoon brings a wealth of experience in shipping-related litigation and arbitration, while Young Jae Park advises on transactions in the industry and general average.

Responsables de la pratique:

Jin-Young Jung; Yun-Jeong Seo


Autres avocats clés:

Yang-Ho Yoon; Gidon Nam; Woo-Jin Choi; Young Jae Park


Les références

‘Lee & Ko, particularly Woo Jin Choi, is excellent and has a first-rate knowledge of Korean shipping law.’

‘Woo Jin Choi has provided first-rate feedback to us. He always returns calls and is generous with his time.’

‘Jin Young Jung is a very hard worker, engaged and knowledgeable.’

Principaux clients

Japan P & I Club


HMM Corporation Limited (formerly known as Hyundai Merchant Marine Co, Ltd.)


Pan Ocean Co., Ltd. (formerly known as STX Pan Ocean)


Busan Port Terminal Co., Ltd


Taeyoung Shipping Co., Ltd.


Heung-A Shipping Co., Ltd


DSEC Co. ,Ltd.


Meritz Fire & Marine Insurance Co., Ltd.


Lotte Global Logistics Co., Ltd. (formerly known as Hyundai Logistics)


Samsung SDS Co., Ltd.


LX Pantos Logistics Co., Ltd.


CJ Korex Co., Ltd.


Hyundai Glovis Co., Ltd.


H-Line Shipping Co, Ltd.


Hyundai Heavy Industries Co., Ltd


Korean Air Lines Co., Ltd.


Heung-A Line Co., Ltd.


Turkish Airlines


FINNAIR


E1 Corporation


Korea Middle Power Corporation


Hyundai Oil Bank Co.,Ltd


SK E&S Co., Ltd.


SK Networks Co., Ltd.


KORES


ANHISA LLC


Posco Flow Co., Ltd


BOIM Corporation


Korea South-East Power Co Ltd


Korea Southern Power Co Ltd


Korea East-West Power Co Ltd


Korea Western Power Co Ltd


Lotte Fine Chemical


Daelim Co., Ltd


Donwon Pusan Container Terminal


Taihan Cable & Solution Co., Ltd.


GS Global Corporation


2GO Group Inc.


Cenovus Energy Inc.


Jin Air Co., Ltd


Global Marine Financing Co., Ltd.


Standard Chartered Bank (Hong Kong) Limited


Hyundai LNG Co., Ltd.


Bank of America, National Association


Principaux dossiers


  • Advised Hyundai LNG Co., Ltd on a case where the vessels at issue are equipped with LGIP engines, which should be able to interchangeably use LSFO and LPG gas, but due to a malfunction with the engine fuel system, they have been unable to use LPG gas and have had to use LSFO exclusively.
  • Represented Heung-A Line and Heung-A Shipping in LMAA arbitration in the UK and litigation in Korea with respect to bareboat charter and time charter disputes.
  • Advised a ship investment company established by Global Marine Financing Co., Ltd. (GMF) under the Ship Investment Company Act of Korea on financing the GMF’s acquisition of four new-build dual fuel pure car and truck carriers under construction, to be registered in the Republic of Malta in the ownership of four Maltese special purpose companies.

Bae, Kim & Lee LLC

Bae, Kim & Lee LLC has a well-established reputation for advising a broad spectrum of clients in the shipping industry, including shipping companies, P&I clubs, insurance companies, and financial institutions. The team brings a wealth of expertise across various areas, including charterparty disputes, international arbitration, insolvency and restructuring, corporate advisory, shipping finance, and marine insurance. The practice is jointly led by Sung Won Park and Yoon Jeong Park. Sung Won Park is a seasoned expert in shipping law, with significant experience in maritime disputes, particularly those involving ship collisions, oil pollution incidents, bill of lading and charterparty matters, and insurance claims. Yoon Jeong Park, who is dual-qualified in both the US and UK, is highly experienced in both contentious and non-contentious shipping matters, further strengthening the team’s capabilities across the sector. Joon Sung (Justin) Kim is also a key member of the practice.

Responsables de la pratique:

Sung Won Park; Yoon Jeong Park


Autres avocats clés:

Joon Sung Kim


Les références

‘Excellent cross-jurisdiction skills. Good underlying knowledge of shipping law.’

‘Yoon Jeong Park is exceptionally able and hard-working and is great at managing a team for litigation.’

‘Sung Won Park has a lot of experience in marine affairs as he has worked on behalf of shipowners worldwide and P&I clubs for more than 20 years. He has a good reputation among the shipping society in Korea.’

Principaux clients

H-Line Shipping.


Britannia P&I Club


SM Line


POSCO Flow


HMM


Hyundai Navis


Korea Line


POSCO International


SK Gas


West of England P&I Club


Principaux dossiers


  • Advised HMM on the ship financing deal for 12 new 13,000 TEU eco-friendly container ships.
  • Advised POSCO International on the arbitration review regarding the termination of transportation contracts due to the Ukraine war.
  • Advised West of England P&I Club (Tan Binh Co., Ltd) on the limitation of liability procedures for the Vietnamese shipowner regarding the sinking accident of MV Tan Binh 127.

Kwon & Co

Kwon & Co provides wide coverage of both wet and dry shipping matters, with recent activity in crew death and injury cases, as well as rehabilitation and bankruptcy proceedings. The team is led by Tae Il Kwon, who brings a wealth of experience in casualty cases, charterparty disputes, and bankruptcy proceedings. Suyeon Jung is highly regarded for her advisory work with foreign clients, having built significant expertise in crew-related issues under the Korean Seafarers Act. She also possesses strong experience in vessel arrest cases and cargo defence claims.

Responsables de la pratique:

Tae Il Kwon


Autres avocats clés:

Suyeon Jung


Les références

‘They provide very quick and practical advice based on their diverse practices in the Korean market. They also work with many P&I clubs and global law firms, so they also have a lot of experience dealing with international counterparties and English law-based disputes.’

‘Tae Il Kwon is one of the most well-known senior maritime lawyers in the Korean market and has worked with many shipowners involving various types of ships and claims. He provides very quick and practical advice based on his in-depth knowledge and vast experience.’

‘You can reach Kwon & Co basically any time you want, and they provide quick but precisely detailed guidance no matter what your question is. They always provide top-notch customer service.’

Principaux clients

Campbell Johnston Clark


EUKOR Car Carriers


Gard P&I Club


Hyundai Marine & Fire


Korea Shipping Association


London P&I


NorthStandard


PT Limas Tunggal


Japan P&I


SK Shipping


Skuld


Hyundai Glovis


Shinsung Shipping


Nordisk Skibsrederforening (Nordisk Defence Club)


DB Insurance


Britannia P&I


Pan Ocean


Principaux dossiers


  • Acted for EUKOR Car Carriers in relation to the fire which occurred on board a time-chartered car carrier M.V. “Platinum Ray” and completely won the case in the appellate court against the cargo interests.
  • Acted for Cheng Lie Navigation Co., Ltd and won a Korean Supreme Court case which set the standard regarding the scope of the time bar for demurrage claims.
  • Acted for Indonesian company PT Limas Tunggal and won a Korean Supreme Court case regarding delivery of cargo without a bill of lading, in which the claim amount was over US$17m.

Sechang & Co.

Boutique transportation and shipping firm Sechang & Co. is experienced in representing major domestic and international shipping companies, alongside P&I clubs, in cargo claims, as well as insurance companies in damage recovery cases. The team is particularly noted for its strength in high-value shipper rehabilitation and liquidation cases, where it acts on behalf of prominent foreign claimants and creditors. Founder Hyun Kim brings over 30 years of experience, offering expert guidance to both local and foreign clients on a broad range of maritime matters, further solidifying the firm’s reputation in the sector.

Responsables de la pratique:

Dr Hyun Kim


Autres avocats clés:

Thomas Kim


Les références

‘The team are incredibly knowledgeable, and nothing is too much. Updates are very detailed, and all responses are quick.’

‘In addition to all other areas like finance, tax, intellectual property rights, etc., Sechang & Co. has specialised in international shipping businesses and trades, which makes it very convenient for us.’

‘We have worked with Thomas Kim in complex international shipping matters. We very much value his reliability, outstanding availability and extremely short turnaround times and his practical approach.’

Principaux clients

Samsung SDS


Kuehne & Nagel


Pan Ocean Co., Ltd.


Heung-A Shipping


Hyundai Marine & Fire Insurance


North of England


MOL (Mitsui O.S.K. Lines) Korea


HDI Sigorta


KSS Line


Pan Continental Shipping Co.


Korea Shipping Association


Korea Ministry of Maritime Affairs & Fisheries


Korea Freight Forwarders Association


Korea Marine Environment Corporation


Kennedys


Haynes Boone


Clyde & Co


Lebuhn & Puchta


TiLegal


HWL Ebsworth


Triton


TAL


Textainer


SeaCube


Florens


Pro Food Gmbh


Expeditors


Skyways Technics


Stena Holdings


Teekay Tankers


Mitsui Sumitomo Insurance


Aioi Nissay Dowa Insurance


KB Insurance


Principaux dossiers


  • Representing Samsung SDS in a Korea Commercial Arbitration Board arbitration against another Samsung affiliate represented by one of the largest Korean law firms, in respect of several demurrage/detention cases involving container boxes carrying world-renowned Samsung Electronics Corp products exported to the US.
  • Representing KOEM (Korea Marine Environment Management Corp), a quasi-governmental entity in charge of maintenance of marine environment and anti-pollution measures, in litigation where local gravel collectors demanded KOEM reduce the fees for the use of exclusive economic zones for gravel collection.
  • Representing Kuehne & Nagel in the defence of a damage suit by a manufacturer involving the carriage of wind turbine gearboxes transported from a European nation to China, which features three separate suits pending in the courts of Hong Kong, Czech Republic and Korea.

Moon & Song

Moon & Song is highly regarded for its expertise in a wide range of shipping matters, with particular experience in collision and grounding cases within Korean territorial waters, as well as cargo claims and crew-related disputes. The firm regularly acts as counsel for major P&I clubs and leading Korean shipping companies. The team is led by founding partner Kwang-Myeong Moon, who boasts a strong track record in shipping, insurance, and international litigation and arbitration. Sang Hwa Lee and Hun Song also bring extensive experience representing international shipowners, major Korean companies, and P&I clubs.

Responsables de la pratique:

Kwang-Myeong Moon; Sang Hwa Lee; Hun Song


Les références

‘Moon & Song is a leading law firm in Korea specialising in all shipping-related matters. Hun Song stands out for his dedication to understanding clients’ businesses and operations, enabling him to provide well-balanced advice.’

‘Hun Song provides efficient and clear solutions to clients, taking into account their commercial pressures and interests. He is a diligent professional who effectively balances legal advice with operational risk management.’

‘Moon & Song has become recognised as one of the leading major maritime law firms in Korea, expanding and growing over the years, but continues to find ways to better serve clients in the more challenging industry environment and to earn their trust. Moon & Song always welcomes phone calls day or night and is ready to intervene and to be deployed for the assistance required, and clients may easily reach out even at late hours for urgent legal advice and support.’

Principaux clients

North Standard P&I Club


Japan P&I Club


Korea Shipping Association


Korea P&I Club


Britannia P&I Club


UK P&I Club


Steamship Mutual P&I Club


London P&I Club


HYUNDAI GLOVIS CO., LTD


KMTC


HMM


Pan Ocean


Namsung Shipping


A&G Korea


PANDIN Insurance Co., Ltd


HS Corporation


Hill Dickinson LLP


Reed Smith LLP


Campbell Johnston Clark


KORHI Average Adjusters & Surveyors Ltd.


Woohyun Shipping


K-World Line


Sea Net Shipping


KOGAS


Korean Register


Sejung Shipping


Rajah & Tann


Samsung Shipping


KTS Shipping


Principaux dossiers


  • Assisting Taekyung BK with the disputes arising from the declaration of general average (GA) of MV Darya Shanti, which had an engine propulsion problem while departing from a Canadian port, regarding the matter of GA contribution, a recourse claim against the vessel owners and a claim against the cargo insurer.
  • Assisting Samsung Shipping in the accident of the sinking of MV Samsung No.1 navigating from Jeju Island to Goheung by acting as the attorney in criminal proceedings, the marine safety tribunal investigation and civil litigation.
  • Assisting Hyundai Glovis with the defence of a claim brought by a ship broker company for the remaining brokerage commission after the cancellation of the time charterparty of CT Ace and CT Confidence.

Yulchon

Yulchon offers comprehensive expertise across both contentious and non-contentious shipping matters, with a particular focus on shipping finance for domestic clients. The practice is co-headed by Young Su Shin and Sung Wook Eun, both of whom are highly regarded in the field. Christopher Joon Tae Cho brings a strong financial background to his focus on shipping finance, providing clients with in-depth expertise in complex financial transactions. Geen Kim specialises in alternative investments, while Sung Keun Park has extensive experience representing financial institutions, private equity funds, and corporations in a wide range of cross-border transactions.

Responsables de la pratique:

Young Su Shin; Sung Wook Eun


Autres avocats clés:

Christopher Joon Tae Cho; Geen Kim; Sung Keun Park


Les références

‘Yulchon’s team are really efficient. They are responsive and experienced. They are one of the most reliable counterparties that we have.’

‘Christopher Joon Tae Cho is one of our favourite partners to work with. Always responsive even with the time zone difference between London and Korea. His legal service is professional and also efficient. Our corporate clients also prefer his support more than other European law firms. His team has been one of our favourites since more than a decade ago.’

‘Big team with industry specialists who are well known in the market. They are known to be one of the most efficient teams around.’

Principaux clients

Daol Asset Management


Bank of America


Curious Partners


Korea Ocean Business Corporation


Korea Development Bank


Daegu Bank


K-SURE


KEB Hana Bank


Sumitomo Mitsui Trust Bank


Standard Chartered Bank


Principaux dossiers


  • Advised SK Shipping on the sale and leaseback of two newbuilding LNGs with Bank of Communication Financial Leasing, which vessels were to be bareboat chartered to SK Shipping.
  • Advised Korea Trade Insurance Corporation in connection with the financing of four vessels for First Omega Shipping Inc. with Banco Santander as mandated lead arranger.
  • Advised Korea Trade Insurance Corporation in connection with the financing of one VLCC and three Suezmax new buildings for Euronav with DNB, ING Bank and Citibank as mandated lead arrangers.

DR & AJU LLC

DR & AJU LLC provides a wide range of professional services to resolve legal disputes regarding a range of shipping matters, including maritime incidents such as ship collisions, fires and sinking. The team collaborates with other practice groups, such as ESG advisory and serious accident advisory, to offer a well-rounded service. Sang Bong Lee heads the practice and is experienced in both domestic and international disputes regarding shipping and its related industries. Woo Rin Sung bolsters the practice with demonstrated expertise in maritime-related work.

Responsables de la pratique:

Sang Bong Lee


Autres avocats clés:

Woo Rin Sung; Hee Kyung Jeong


Les références

‘Client-centric approach, experienced professionals, flexibility and agility.’

‘Woo Rin Sung possesses exceptional expertise and extensive experience in his field, particularly in shipping. Mr. Sung’s unique experience of seamen’s life has been invaluable in providing professional insights. His client-centric approach, prioritising understanding and addressing client needs, has been highly satisfactory for our company’s requirements. I would highly recommend him to anyone in need of expert legal services, especially in the shipping and vessel fields.’

‘Very service-minded, providing legal advice of high quality in due time.’

Principaux clients

Yeosu Gwangyang Port Authority


Incheon Port Authority


Busan Port Authority


Ministry of Oceans and Fisheries, Government of the Republic of Korea


An Employee of Korea Water Resources Corporation


Daesan Regional Office of Oceans and Fisheries (Ministry of Oceans and Fisheries)


Administrator of Busan Regional Office of Oceans and Fisheries (Ministry of Oceans and Fisheries)


Buan-gun Office


Republic of Korea (Competent Authority: West Sea Fisheries Management Service)


Ulleung Heayang Haeun Co., Ltd.


Principaux dossiers


  • Advised Yeosu Gwangyang Port Authority on a dispute over water facility usage fees with Korea National Oil Corporation.
  • Advised Incheon Port Authority on a dispute over mooring charges for water facility usage.
  • Advised Busan Port Authority on a payment dispute arising from the termination of a shipbuilding project.

Jipyong LLC

Jipyong LLC is experienced in representing Korean domestic and international clients from the major sectors of the shipping industry, including shipowners, P&I clubs, shipyards, ship financiers and more. Choon Won Lee heads the team with extensive experience in litigation and arbitration related to the carriage of cargo, chartering, shipbuilding, and investigations and handling of maritime casualties, both domestically and internationally. Dahee Kim specialises in issues surrounding bill of lading, charterparty and shipbuilding disputes.

Responsables de la pratique:

Choon Won Lee


Autres avocats clés:

Dahee Kim; Ji Won Lee; Sarah Kwon


Les références

‘They are incredibly hard-working, and they will always put themselves out to provide a return service when required. Also they have very good lawyers and are very commercial when required to be.’

‘I have worked with partner Choon Won Lee for over 15 years now. He is excellent and very easy to deal with. He is also an extremely able lawyer and tactician.’

‘Trustworthy. Quick and reliable services.’

Principaux clients

Asiana Airlines Inc


HMM Company Limited


SK Shipping Co Ltd


Principaux dossiers


  • Advised and represented a Korean shipping company in a lawsuit against the developer/designer of a LNG cargo containment system.

Yoon & Yang LLC

Yoon & Yang LLC provides a full range of legal advisory and dispute settlement services on all types of maritime disputes and transactions for domestic and foreign ship caterers, P&I clubs, maritime insurance companies, government agencies and shippers of every type. Sang-Pil Lee heads the practice and has extensive experience in a wide variety of shipping and maritime matters, specialising in shipping-related dispute resolution. Elayne Heeseung Sung is a foreign attorney and holds extensive experience of advising financial institutions and businesses on cross-border transactions, with a focus on lease and transportation finance.

Responsables de la pratique:

Sang-Pil Lee


Autres avocats clés:

Elayne Heeseung Sung; Chongsu Seo; Myung-Ahn Kim; David Lee


Les références

‘I believe that Elayne Heeseung Sung is one of the few lawyers capable of providing top-level legal advice in shipping financing in Korea. Her comprehensive advice from various angles instils confidence.’

 

Principaux clients

Pan Ocean Co., Ltd.


H-LINE Shipping Co.,Ltd.


S-OIL Corporation


SK Shipping Co.,Ltd.


HeungKuk Fire & Marine Insurance Co.,Ltd.


HYUNDAI STEEL COMPANY


LOTTE GLOBAL LOGISTICS CO,. LTD


Korea Export Insurance Corporation


INTERGIS CO., LTD


PLANTEC Co.,Ltd


KDB


KOREAN AIR LINES CO.,LTD


K Shipbuilding Co., Ltd.


Principaux dossiers


  • Advised Hyundai Steel on a dispute involving additional freight costs claimed by Polaris Shipping and Hyundai Glovis due to a route change mandated by K-line to avoid war risks.
  • Represented POSCO Plantec in a lawsuit against Hyundai Marine & Fire Insurance and Dongbang Co., Ltd for compensation and insurance payments after obsolete unloading equipment was damaged during transport.
  • Represented SK Shipping in a product liability case against KOGAS for defects in LNG carriers’ containment systems, causing annual losses exceeding KRW 120bn.