Last Updated: 27 February 2019
Kim & Chan’s market-leading insurance practice provides for a wide range of client needs, including the establishment and licensing of new business entities, general legal advice and assistance on regulatory compliance. It is also well known for its expertise in M&A in the insurance industry and ... insurance dispute resolution. The insurance practice consists of 30 members – including attorneys, Certified Public Accountants, tax attorneys, actuaries and former regulators – who assist with legal and regulatory compliance, regulatory audits, labour and employment matters, real estate issues, asset management, competition law, tax, litigation, business licence matters and M&A. Major Korean, American, European and Japanese insurance companies regularly seek the firm’s advice regarding their insurance and reinsurance business in South Korea. In addition, Kim & Chang provides structuring and regulatory advice on reinsurance agreements and advises on cross-border sales of offshore insurance products in South Korea by foreign insurers. The firm represents clients in litigation and arbitration proceedings involving insurance claims, subrogation and other insurance-related disputes, and provides tax and HR advisory consulting for insurance businesses.
The Insurance & Reinsurance Practice Group at Lee & Ko is comprised of a team of 20-plus leading attorneys, accountants, advisors and experts with decades of industry experience in regulatory, transactional, and dispute resolution matters for the insurance and reinsurance industry. The firm has ... formed a diversified and multi-disciplined team to assist leading Korean and foreign insurers, reinsurers, agents and brokers, surveyors, claims adjusters, information technology and other service vendors, asset managers, and finance companies along with other relevant market participants as clients and partners in an array of matters relating to the insurance business. The team also represents policyholders, insureds, third-party claimants and beneficiaries. Lee & Ko’s professionals have different specialties with regulatory, transactional attorneys as well as litigators/arbitrators. The team is supported by senior advisors with previous governmental and supervisory experience at the Financial Services Commission, Financial Supervisory Service, Fair Trade Commission, Ministry of Economy and Finance and the National Tax Service who support the firm's attorneys and clients with invaluable regulatory experience, intelligence, and facilitation of communications with the governmental authorities. As a full services law firm, Lee & Ko has notable capabilities and frequently provides legal counselling and strategic advice on regulatory matters, domestic and cross-border schemes, government investigations, compliance issues, insurance/reinsurance transactions, mergers and acquisitions, dispute resolution, asset management, tax and accounting support and advice, and InsureTech.