GCR 100 - 12th Edition

Yulchon

30 January 2012

Korea

Since we last surveyed the Korean bar in 2008, the antitrust team at Yulchon has seen a fair amount of change. Former antitrust head Youngjin Jung left to join Kim & Chang in 2009, but since then the firm has hired in abundance, mainly from the KFTC. The most recent former officials, who joined in April, include Sang Yong Park and Jae Woong Jeon. The practice group now has 30 lawyers - almost a third more than in our last survey - including 10 partners. The group currently has one competition associate on secondment at Wilmer Cutler Pickering Hale and Dorr LLP in Brussels and one at Herbert Smith LLP in London.

Partner and Who’s Who Legal nominee Sai Ree Yun takes the lead on antitrust matters and is co-head of the firm’s corporate and finance group. Fellow partner Hae Sik Park is a former judge at Korea’s Supreme Court where he presided over many antitrust-related cases. Most of Yulchon’s senior antitrust lawyers also do M&A and corporate work.

The firm remains present on the major antitrust cases in Korea. It is counsel to Microsoft’s Daum, one of the companies that complained to the KFTC about Google’s practices in the smartphone market. Yulchon is defending Samsung Electronics in the KFTC’s cartel investigation of the liquid crystal display market. It is also advising Korea’s biggest credit card company, BC Card. The Korean company is accusing rival Visa of abusing its dominance in the credit card market. It is also doing a fair amount of litigation work, advising Korea’s second-largest oil refiner, GS Caltex, as well as Bridgestone Corporation.

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