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.
Yulchon, Attorneys at Law
Yulchon is a full-service international law firm headquartered in Seoul, Korea. We take pride in our global perspective and our international reach. We strive to provide the most innovative solutions to the myriad legal challenges confronting our clients. Chambers Global calls us “one of the most respected and reliable practices in Korea.”
Yulchon’s antitrust practice group is the most experienced in Korea. The Korea Fair Trade Commission (KFTC) has conducted three landmark abuse of market dominance investigations (against Microsoft, Intel and Qualcomm), and Yulchon represented the prevailing parties in all three cases. More recently, the KFTC has focused on global cartels. Yulchon successfully represented Lufthansa in a global air cargo surcharge cartel action and Samsung Electronics in a global TFT-LCD cartel investigation, earning full exemption from sanctions for its clients in both cases.
Our expertise covers the entire spectrum of competition law, including:
- Abuse of Market Dominance
- Unfair Collaborative Acts (Cartels)
- Misleading or Deceptive Labeling & Advertising Practices
- Unfair Trade Practices (Abuse of transactional position, unfair assistance, etc.)
- Legislative Advisory Work
Visit our website at www.yulchon.com