YOON&YANG

On March 21st, Mr. Junsang Lee (Managing Partner), Mr. Jong-moon Choi (Senior Advisor / former Deputy Minister of Foreign Affairs), and Ms. Yonsoo Kim (Senior Foreign Attorney) were invited to speak at the “UAE-Saudi Arabia Investment Environment and Potential Industry Forum” that was held at the Trade Tower in Gangnam-gu, Seoul. Mr. Lee gave the welcoming remarks and Mr. Choi was the keynote speaker, and Ms. Kim presented on the theme of “Strategy for Participation in Saudi Arabia’s Naom City Development Project and Review of Relevant Laws” and “UAE’s Imposition of Tax on Newly Established Corporations and Procedures for Establishment of Corporation.” For the purpose of sharing information on the development projects underway in Saudi Arabia and UAE as well as legal knowledge on ways to tap into the relevant countries, Yoon & Yang LLC jointly held this Forum with the Korea International Trade Association (KITA), the Korea-Arab Society and the Saudi Arabia & UAE Embassies in Korea.

Yoon & Yang has been named “IHC 2022 Firm of the Year” for South Korea in six practice areas at the IHC 2022 Firms of the Year announced by In-House Community eMagazine. In addition, Yoon & Yang was honored to be chosen as the “Most Responsive Firm of the Year in South Korea” for serving the clients best and having been most responsive to their needs.Following is the list of Yoon & Yang’s winning categories in the IHC 2022 Firm of the Year. Antitrust/competition Capital market Corporate and M&A Employment Real estate/Construction Restructuring & Insolvency  Most Responsive Domestic Law Firm  In-House Community eMagazine is a legal magazine for over 20,000 corporate in-house counsel across Asia, Africa, the Middle-East. The magazine surveys in-house counsel and buyers of legal services from 11 jurisdiction including South Korea, China, Hong Kong, Singapore and UAE asking which legal services providers made the most significant impression over the past year, in terms of responsiveness and their satisfaction with the work done.

Korean law firm Yoon & Yang has hired three senior foreign attorneys: U.S.-qualified M&A expert Jason W. Lee (L) joins from Kim & Chang, corporate specialist Sung Jin Ro joins from an in-house role at Versum Materials, and China-qualified technology practitioner Song Feng Hong joins from Bae Kim & Lee.

Yoon & Yang has strengthened cross-border capacity, hiring Jason Lee and Hong Song Feng from Kim & Chang and Bae Kim & Lee, respectively, as well as former general counsel Ro Sung Jin.

Asian Legal Business (ALB) has recognized Yoon & Yang's Youbum Kim as one of the “North Asia's Top 15 Litigators 2023”. Youbum Kim served as a judge for 19 years, most notably as the 1st & 2nd Director of Planning at National Court Administration and as the Chief Judge at Seoul High Court. He joined Yoon & Yang in 2016 and is active in the field of corporate litigation, having represented major litigation cases including management disputes at Hanjin KAL, the holding company of Hanjin Group. The full list can be found below:North Asia's Top 15 Litigators 2023

Yoon & Yang LLC successfully provided legal advice to Bionote with respect to its new listing on the Korea Composite Stock Price Index (KOSPI). Bionote, a company that produces bio-contents and animal diagnostics, submitted the application for preliminary listing eligibility review on June 15, 2022, obtained approval for preliminary listing on October 7, 2022, and, after the stock offering process, completed its listing on KOSPI as of December 22, 2022. The initial public offering (IPO) value stood at KRW 93.6 billion, which is the largest amount of funds procured in the IPO market for domestic pharmaceutical and bio industry in 2022. As the legal advisor for the lead underwriters, NH Investment & Securities and Korea Investment & Securities, Yoon & Yang fully utilized its extensive experience to conduct the legal due diligence and advised on overall legal issues that arise during the listing process.

Asia Business Law Journal(ABLJ) quoted senior foreign attorney Edward Dhong in an article about regulations on cryptocurrency in South Korea.

Yoon & Yang LLC provided comprehensive legal services and contributed to successful closing of Doosan Enerbility’s sale of 100% share of Doosan Babcock, a power generation/chemical engineering subsidiary in Europe, to Altrad, a leading French industrial services company. Doosan Babcock, a London-based company established in 1895 with more than 2,000 employees across UK, Europe and Middle East, is highly regarded for its original technologies for making boilers for power plants. Based on extensive experience and expertise in cross-border M&As, Yoon & Yang delivered robust and effective legal services throughout the transaction shuttling back and forth between the UK and Korea, including conducting onsite and remote due diligence, advising on the transaction structure, negotiating the terms and conditions of the transaction, preparing and executing the share purchase agreement and ancillary documents, and providing closing assistance. In 2021, Yoon & Yang also successfully advised Doosan Enerbility on its USD 60 million investment in NuScale Power, a US company, as a part of Doosan Enerbility’s expansion of its small modular reactor (SMR) business.

Lexology Getting The Deal Through: Competition in Digital Markets 2023 Korea Chapter   Law Business Research has published Lexology Getting The Deal Through: Competition in Digital Markets 2023. The South Korea Chapter has been contributed by Yoon & Yang’s Chul Ho Kim, Jung Seok Hong, Mae Wha Choi and Bernard Hyungjoon Kim. Lexology Getting The Deal Through provides useful legal information on various practice areas in key jurisdictions around the world.

Yoon & Yang advised the Korea’s largest furniture company Hanssem on the sale of its shares and management rights, successfully closing the transaction on January 4, 2022.  The transaction resulted in the transfer of 27.7% of the shares and management rights held by the largest shareholder and related parties to the buyer IMM Private Equity.   On behalf of the sellers, Yoon & Yang played a key role in the successful execution of the SPA and closing of the transaction by providing comprehensive and prompt advice on all aspects of legal issues related to the transaction, including reviews and negotiations of the MOU, SPA and the other agreements.

Yoon & Yang LLC has been invited to present at the Korea Anti-Corruption Forum organized by Asian Legal Business at JW Marriott Hotel on March 29th. Yoon & Yang’s partner Dong Eon Cha will give a presentation on the Korea’s anti-corruption investigations and the heightened anti-corruption standards under the Improper Solicitation and Graft Act.

Yoon & Yang LLC sponsored 2020 In-House Community eCongress Vietnam and South Korea, hosted by In-House Community.

Yoon & Yang LLC participated in In-House Congress (IHC) Ho Chi Minh City 2019 as a panelist of the Plenary Session and as speakers at the Workshop Session.