YOON&YANG

Young Su Park Partner

TEL 82 2 6003 7799
FAX 82 2 6003 7019
E-MAIL yspark@hwawoo.com

Young Su Park is a partner at Yoon & Yang LLC, and his main practice area is corporate litigation.
After being admitted to the Korean bar in 2006 and completing his legal training at the Judicial Research and Training Center, Mr. Park worked as a judge advocate of the Republic of Korea Army (Army Headquarters, 28th Infantry Division, Logistics Command) for three years. Since joining the firm in 2012, Mr. Park has handled various corporate litigations (civil and commercial affairs, management rights disputes and financial disputes, etc.) and provided clients with relevant legal advice. He also has broad experiences in white collar crimes such as embezzlement or breach of trust by the management of a company. After obtaining his LL.M. at University of Southern California Gould School of Law, he was seconded to the LA office of Blank Rome LLP before coming back to Yoon & Yang LLC. In 2022, he was chosen as Rising Star in the field of litigation by Legal Times.

Experience

2012-present Yoon & Yang LLC
2021-present Member of Viewers’ Committee, TRN
2017-18 Secondment, Blank Rome LLP
2009-12 Judge Advocate, Republic of Korea Army

Education

2017 University of Southern California Gould School of Law, LL.M.
2013 Seoul Bar Association Corporate Law Training Course
2009 Judicial Research and Training Institute
2007 Yonsei University College of Law, LL.B.

Representative Matters

[Civil and Commercial Affairs]

Represented British American Tobacco Korea in the case where the National Health Insurance Service (NHIS) sought compensation against tobacco companies regarding insurance payouts to lung cancer patients
Represented Asiana Airlines in litigation on payment of deposit in M&A with HDC
Represented Eastar Holdings in litigation on payment of deposit in M&A between Eastar Holdings and Jeju Air
Represented a subcontractor in the case where a guaranty insurance company sought compensation for insurance payouts it made to the insured (construction company) upon occurrence of an insured accident against the subcontractor; the Supreme Court reversed and remanded the lower courts’ decision on the ground that the fact that a rehabilitation procedure was commenced against a company did not constitute an “insured accident” (Supreme Court Decision 2018Da275574 rendered on February 27, 2020)
Represented a client in litigation on accounts receivables against companies located in the Gaeseong Industrial Complex in North Korea
Represented an asset management company in litigation seeking preliminary injunction to prohibit obstruction of business in relation to a facilities management agreement
Represented a client in litigation regarding distribution of dividends upon energy saving
Represented a cryptocurrency exchange in damage claims and criminal case in relation to unauthorized extortion of cryptocurrencies
Advised a fashion company on corporate restructuring

[Criminal Affairs]

Represented an electronics service company in investigations and trials for a criminal case related to its labor union
Represented a fund seller in criminal trials related to the Lime Fund scandal
Represented a client in criminal trials related to the breach of the Political Funds Act and occupational embezzlement
Represented a client in criminal trials related to breach of the Fair Transactions in Subcontracting Act
Represented former CEO of Shinhan Bank in a criminal case
Represented an election commissioner and account manager in the case involving the violation of the Public Official Election Act

Publications

Contract Formation and Enforcement in South Korea: Overview, Practical Law, Thomson Reuters (Co-author, 2023)
Possibility of Inspection of Accounting Books by Shareholders During Rehabilitation Proceedings, Seoul Economic Daily (2021. 1. 20.)
[Decision Inside] Standards for Determination of “Insured Accident” in Performance Bonds, Seoul Economic Daily (2020. 3. 23.)
Possibility of Compensation for Loss of Profit of Private Facilities Caused by COVID-19, Financial News (2020. 3. 10. )