YOON&YANG

Seung Jae Yeon Partner

TEL 82 2 6182 8385
FAX 82 2 6003 7806
E-MAIL sjyeon@hwawoo.com

Seung Jae Yeon is a partner at Yoon & Yang LLC. Mr. Yeon completed the 38th class of the Judicial Research and Training Institute and served as a judge advocate in the Republic of Korea Army.
Prior to joining Yoon & Yang, Mr. Yeon worked at the Financial Investment Supervision Department, the Dispute Settlement Department and the Corporate Disclosure Department of the Financial Supervisory Service (FSS), where he dealt with the overall aspects of capital markets and financial investment services, including license & approval affairs and regulation of business activities with respect to securities companies, foreign-affiliated investment banks and credit rating companies, regulations on disclosure, e.g. securities registration and business report, etc., review of public offering and sanctions on violations, etc., while handling various disputes across all fields of banking, securities and insurance. In particular, at the Insurance Supervision Department of the FSS, he obtained in-depth knowledge in the insurance industry such as insurance laws, license and approval of insurance companies, deliberation of large shareholders, regulation of insurance agencies and sales activities, reinsurance and fraternal insurance, etc. Based on such extensive expertise in the insurance-related matters, he provides optimal legal advice on M&As of insurance companies, licensing, sales activities, examinations and sanctions, and dispute resolution, etc.

Experience

2020-present Yoon & Yang LLC
2018-19 Insurance Supervision Department, Financial Supervisory Service
2016-17 Corporate Disclosure Department, Financial Supervisory Service
2015 Dispute Settlement Department, Financial Supervisory Service
2014 Financial Complaint Coordination Department, Financial Supervisory Service
2012-13 Financial Investment Supervision Department, Financial Supervisory Service
2009-12 Judge Advocate, Republic of Korea Army

Education

2009 Judicial Research and Training Institute
2007 Korea University College of Law, LL.B.

Representative Matters

[License & permit]

Advised Hanwha Life Insurance on split-off of its business unit and establishment of insurance subsidiary
Advised Hanwha Life Insurance on establishment of a real estate subsidiary in the US
Advised KB Kookmin Bank on establishment of a branch in Singapore
Advised Credit Suisse Securities on transition of Seoul Branch into a local entity (subsidiary)
Advised IMM Asset Management on registration as a general private equity collective investment business
Advised Macquarie Securities on shutdown of business
Advised Natixis Securities on reporting new and concurrent & incidental businesses at the Seoul Branch
Advised Korea Investment Financial Holdings on approval of change of large shareholder
Advised DB Asset Management on approval of change of large shareholder
Advised multiple financial companies on licenses & permits and other related issues

[Inspection & sanction]

Represented a bank and handled the inspection & sanction procedure related to private equity fund
Represented a life insurer and handled the institutional warning and penalty surcharge procedure regarding the restriction of transaction by a large shareholder and the alleged violation of terms and conditions
Represented a life insurer in the administration suit and handled the institutional warning and penalty surcharge procedure regarding the restriction of transaction by a large shareholder and the alleged violation of terms and conditions
Represented a life insurer and handled the inspection & sanction procedure regarding the alleged violation as to line of credit by a large shareholder
Represented a non-life insurer and handled the inspection & sanction procedure regarding the alleged nonpayment of insurance money and breach of the business manual
Represented a non-life insurer and handled the inspection & sanction procedure regarding the alleged breach of duty to provide explanation under the Financial Consumer Protection Act
Advised multiple insurance companies on response to inspections and sanctions

[Regulatory issues]

Advised a bank on financial consumer protection
Advised bank affiliates on business consignment process
Advised a securities company on submission of a securities registration statement
Advised a client company on response to disclosure violation
Advised a bank consignment firm on whether it engaged in insurance solicitation
Advised an insurance company on sanctions related to change/transfer of insurance planner and engagement service agreement
Advised an insurance company on RBC ratio calculation method and disclosure adequacy
Advised an insurance company on adequacy of additional interest on an insurance loan
Advised an insurance company on whether it is required to submit basic documents on insurance products with special terms and conditions
Advised an insurance company on outsourcing of loss adjustment
Advised an insurance company on providing service related to comparison of insurance products

[Litigation & dispute]

Represented a bank and handled disputes and complaints related to private equity fund
Represented a business group and advised on issues of merger with affiliates and management right disputes
Advised an investment securities firm on management right dispute
Advised a non-life insurer on duty to pay insurance money related to a compensation liability insurance
Advised a life insurer on interpretation of the “primary cause” clause under the cancer insurance policy
Advised a non-life insurer on interpretation of the terms under a retirement pension product

Awards

Exemplary Award, Financial Supervisory Service (2014)
Commendation, ROK Army 22nd division commander (2009)

Publications

Korea Chapter, Insurance & Reinsurance, Lexology Panoramic, Law Business Research (Co-author, 2024)
Korea Chapter, Insurance & Reinsurance, Lexology Getting the Deal Through, Law Business Research (Co-author, 2020-2023)
Discussion and Improvement of the Securities-Related Collective Lawsuit System, Seoul Bar Association Symposium on the Revision of the Securities-Related Collective Lawsuit System (2014)