LIN NEWS
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LIN NewsCurrent Status of Lin Experts' Appointment by Institutions in the 3rd Quarter of 2024Recent external appointments of Lin’s legal experts are as below. Tae Eon Koo Appointed as a Member of the Compensation Management Committee of the Korea Entertainment Producers Association (KEPA) On June 1, 2024, Tae Eon Koo of LIN was appointed as a member of the Compensation Management Committee of the KEPA (June 1, 2024 - May 31, 2026). The KEPA is an organization established to preserve and inherit Korea's popular cultural heritage, advance national music culture, promote Korean music on a global stage, create a healthy cultural environment for youth, and promote the rights and welfare of member organizations. As a member of the Compensation Management Committee of the KEPA, Mr. Koo will strive to properly manage KEPA’s compensation funds while working to strengthen the infrastructure for the popular music industry and improve the rights and interests of producers, and will also do his best to facilitate active exchanges with overseas popular culture markets to support member companies’ global expansion and their artists’ activities, and to promote the rights of member companies that are being infringed upon in overseas markets. Tae Eon Koo reappointed as a Member of the Samsung Card Specialized Data Agency's Pseudonymization and Anonymization Appropriateness Assessment Committee On October 1, 2024, Tae Eon Koo of LIN was reappointed as a member of the Pseudonymization and Anonymization Appropriateness Assessment Committee of the Samsung Card Specialized Data Agency (Oct. 1, 2024 - Sept. 30, 2025). The Samsung Card Specialized Data Agency is a specialized organization that supports the safe combination and utilization of data to facilitate cross-industry data convergence based on its trusted expertise accumulated through the establishment and operation of core infrastructure. In addition, anonymization appropriateness assessment is a system that enables the safe utilization of anonymized data through a strictly constituted appropriateness assessment committee, and Koo is a member of the Pseudonymization and Anonymization Appropriateness Assessment Committee of Samsung Card Specialized Data Agency, and will diligently work to help the agency consider the appropriateness of anonymization more objectively and combine and provide data in a safer manner. Chul Soo Kim, Moon Joo Kim, and Jung Tae Kim Reappointed as External Legal Advisors to Korea Overseas Infrastructure and Urban Development Corporation (KIND) On September 1, 2024, Chul Soo Kim, Moon Joo Kim, and Jung Tae Kim of LIN were reappointed as external legal advisors to the Korea Overseas Infrastructure and Urban Development Corporation (KIND). KIND was established under the Overseas Construction Promotion Act and officially launched in June 2018, and is the Korean government's specialized support agency for overseas infrastructure and urban development projects. KIND conducts activities such as identifying and promoting overseas infrastructure and urban development projects, and providing investment, funding, and financial advisory services in order to support Korean companies' expansion into investment-development projects in overseas infrastructure and urban development sectors. Since their appointment as KIND's external legal advisors on September 1, 2022, Attorneys Chul Soo Kim, Moon Joo Kim, and Jung Tae Kim have provided legal services on various issues related to KIND's overseas infrastructure and urban development projects and management in general, and will continue to work diligently to help KIND grow as a specialized support organization for Korean companies to promote overseas infrastructure and urban development projects. Jin Kee Jung Appointed as Legal Advisor to the Air Force Academy Alumni Association Jin Kee Jung of LIN was appointed as legal advisor to the Air Force Academy Alumni Association on July 1, 2024 (July 1, 2024 - June 30, 2027). The Air Force Academy continues to innovate the education and training system for cadets to foster human resources with military expertise, while also making multifaceted efforts to develop proper character and competencies required of national and military leaders through life education, military education, and operation and development of self-governance systems. In addition, the Air Force Academy Alumni Association has been working to expand mutual exchanges and participation for the development of the Air Force Academy, and to revitalize the research activities of the Seongmu Security Research Institute and the Seongmu Scholarship Program. Jung will do his best to contribute to the development of the Air Force Academy Alumni Association and Air Force personnel by faithfully providing legal advice to the organization during the term of his appointment. Seok Lee appointed as a Member of the Gyeonggi-do Climate Response Fund Management Review Committee On September 2, 2024, Attorney Seok Lee of LIN was appointed as a member of the Gyeonggi-do Climate Response Fund Management Review Committee (September 2, 2024 - October 18, 2025). The Gyeonggi-do Climate Response Fund Management Review Committee is a deliberative body established to effectively manage the fund created by the Gyeonggi-do to respond to climate change, and the committee is responsible for deliberating and coordinating the fund's operational direction, investment and execution plans. As a member of the Gyeonggi-do Climate Response Fund Management Review Committee, Lee will work diligently to help the committee manage the fund more effectively through discussions and consultations from various experts such as climate experts, public officials in related fields, and stakeholders.2024.11.26
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Recruitment PersonnelNew RecruitmentsWe are pleased to welcome Beom Jin Park (Partner), Chae Yun Kim (Partner), and Woohyuk Sky Ju (Foreign Legal Consultant (US)) as new members of our Firm. 1. Beom Jin Park, Partner - Korea University, B.A. in Economics - University of Michigan Ann Arbor, Ross School of Business, M.B.A. - Chungnam National University, School of Law, J.D. - Bar Examination (4th) - Seoul National University, Center for Financial Law Former) Samsung Corning Corporation Former) Citibank Korea, Card Division Former) Coca-Cola Business Solution Inc. Former) Shinhan Bank, Business Planning Team / Shinhan Financial Group, Future Strategy Research Center Former) Lim, Chung & Suh Former) Jehyun, Partner Former) E-UM Private Equity, Compliance Officer Current) Lin Mr. Park joined Samsung Group in 1999 and worked at Samsung Corning Co., Ltd., handling HR, strategic planning, and tasks related to Corning Incorporated in the United States. In 2004, he moved to the U.S. and obtained a Master of Business Administration (MBA) from the University of Michigan Ann Arbor, one of the top 10 business schools in the country. During his MBA program, he completed industry-academia cooperation projects and internships at Coca-Cola Business Solution Inc. and Citibank (Card Business) in the United States, transitioning his career into the financial sector. In 2006, he worked in the Business Planning Team at Shinhan Bank and the Future Strategy Research Center of Shinhan Financial Group. During his tenure at Shinhan Bank, he was involved in consulting projects aimed at developing strategies for banks and financial holding companies in response to the global financial crisis in 2008 and the implementation of the Capital Market Consolidation Act in 2009. He handled important tasks such as formulating strategies for long-term growth of the bank and initiatives for green banking. He also co-authored reports with the Financial Supervisory Service for publication. After pursuing graduate studies in law to deepen his understanding and expertise in financial regulation and legal matters, Mr. Park was admitted to the Korean Bar in 2015. Starting his career at Lim, Chung & Suh, he gained experience in various civil litigation cases, including claims for damages against investment management companies. In the same year, he moved to Jehyun, a law firm, specializing in finance and transactions, where he worked until 2023. During this period, he served clients such as banks, financial investment companies, asset management companies, specialized credit finance companies, savings banks, and public power companies, providing legal advice on domestic and international real estate project financing, renewable energy project financing, asset securitization, syndication, distressed debt acquisition financing, as well as legal advice on fundraising and various development projects, corporate governance, and related litigation. At Lin, Mr. Park plans to leverage his diverse experience and unique strengths to primarily engage in transaction advisory services such as project finance and structured finance in real estate and development projects. 2. Chae Yun Kim, Partner - Seoul National University, Graduate School of Anthropology - Bar Examination (41st) - Judicial Training Institute (31st) - Northwestern University, School of Law, LL.M. Former) Head of Legal Department, KB Kookmin Bank Current) Lin Ms. Kim started her legal career as an in-house counsel at KB Kookmin Bank and served as team head of legal team, general manager of legal department, and head of legal division for 21 years. There, she worked on various legal advisory and litigation matters for the bank and its affiliates, including regulatory law issues, financial transactions, internal control, consumer protection, and domestic and international litigations. Ms. Kim also assisted in reviewing issues related to virtual asset transactions and establishing internal control procedures. Additionally, for several years, Ms. Kim supported the board of directors and management in decision-making by advising on various cases and issues arising from internal corporate governance, HR, labor, and corporate law. Ms. Kim also handled disputes between companies and various stakeholders, including shareholders, creditors, and customers, and provided creative solutions to minimize losses. At Lin, based on her broad knowledge and integrated practical experience, Ms. Kim will demonstrate a high level of expertise in corporate legal advisory, financial, and wealth management fields. 3. Woohyuk Sky Ju, Foreign Legal Consultant (US) - Chief Financial Officer Academy (CFO Strategy Course) at Seoul National University, 23rd Class - Korea Military Academy, Batch 61 - Military History - Bachelor of Business Administration, Korea Educational Development Institute - Texas Southern University, J.D. (Thurgood Marshall School of Law, Juris Doctor) Former) U.S. Attorney / Head of International Business Team at Law Firm Hanjoong Current) Mentoring and networking expert advisor for Startup Leapfrog Package, Gyeonggi Center for Creative Economy & Innovation Current) Expert advisor on international contracts/claims at the Korea International Trade Association Current) Advisor in the field of technology/management at the Gyeonggi Center for Creative Economy & Innovation (Advisory Committee Member) Current) Export consulting expert, Korea Agro-Fisheries & Food Trade Corporation Current) Lin Mr. Ju was the head of the International Business Team of Law Firm Hanjoong and has been practicing in the cross-border sector for about 14 years, primarily in the areas of international trade and immigration (immigration/visa for individuals and companies). He is currently an advisor in charge of international contracts/claims at the Korea International Trade Association (KITA), where he advises on trade disputes, and an expert in charge of corporate export consulting at Korea Agro-Fisheries & Food Trade Corporation. In particular, as part of a legal support project for startups, he has recently been providing preventive legal support for the establishment and operation of overseas subsidiaries, joint ventures, crowdfunding, foreign exchange transactions, international contracts, and import/export trade for a number of promising companies as an expert in the field of technology/management and as an advisor to the Gyeonggi Center for Creative Economy & Innovation in Pangyo Techno Valley. He is also an immigration (immigration/visa) expert who is familiar with entry & exit and waiver (non-immigration & immigration) application procedures in the field of immigration & international law for a client who has a record such as criminal violation, illegal immigration, smuggling, and false reporting/perjury, etc. At Lin, Mr. Ju plans to leverage his practical skills and experience to effectively utilize the rich international network of Lin’s international legal team, creating synergies. 4. New Associates We are pleased to announce the addition of Ho Jun Shin (7th Bar Examination), Yuna Kim (9th Bar Examination), Jin Hwan Seong (9th Bar Examination), Sang Hoon Lee (9th Bar Examination), Hyeonjun Choi (9th Bar Examination), Sun-A Yoon (U.S. Attorney, Washington, D.C.), and Han A Ryu (Australian Attorney) to meet the growing demand of our clients. Going forward, Lin promises to continuously recruit verified talents in various fields to ensure customer satisfaction.2024.01.31
LIN selected as 'AI Legal Assistant Service Disseminator' outperforming large law firms
Five consortiums of law firms have been selected as the finalists in the government's first AI-based legal service support project.
According to legal circles on the 29th, the Ministry of Science and ICT and the National IT Industry Promotion Agency (NIPA) recently selected 'AI Legal Assistant Service Disseminators' that will receive a total of 14.2 billion won. As a result of the competition between major law firms, legal tech platforms, and AI giants, small and medium-sized law firms such as Law & Liberty, LIN, and Donghwa, which partnered with technically advanced legal tech companies, were selected.
A total of five projects were selected, including two "public oriented services" that will receive 4.4 billion won each and three "private expert assistant services" that will receive 1.8 billion won each over the next 18 months. The private expert assistant services include Saltlux-LIN's Legal Co-Pilot, Law & Company-Yoon & Yang's Legal Case Analysis Support, and WiseNut-Donghwa-LKB & Partners's AI Legal Assistant. Saltlux's Legal Co-Pilot focused on improving efficiency by assisting lawyers in their work.
For more details, please refer to the original article below.
The Korea Economic Daily
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https://www.hankyung.com/article/2024072969481
Attorney Jeong Bong Lee of LIN, delivered a keynote on 'Strategies for Responding to the Virtual Asset Users Protection Act'
On July 24, the "2024 7th KBIPA Web 3.0 Leaders Forum" was held at The White Vale, hosted by the Korea Blockchain Industry Promotion Association (Chairman Hyung Joo Kim).
The forum was attended by more than 60 participants, including KBIPA executives and employees, and members of associations and experts in various fields such as law, finance, and the blockchain industry.
Lee gave a keynote presentation on "Strategies for Responding to the Virtual Asset Users Protection Act," covering the domestic and international market conditions related to virtual assets, whether virtual assets are securities, concepts of important terms and penalty provisions of the Virtual Asset User Protection Act, their implications and response strategies.
In particular, the presentation was significant as it examined potential legal issues related to the regulation of unfair trade practices that may arise immediately after the enforcement of the Virtual Asset Users Protection Act and discussed preemptive response measures, and was well-received by the attendees.
Our firm will continue to respond promptly to various legal issues arising in the cryptocurrency market by collaborating with lawyers with expertise in the cryptocurrency market, including Lee, former head of the FIU's Strategic Analysis Team, and existing financial lawyers and experts who have experience in the Financial Supervisory Service, the Korea Exchange, and the securities industry.
For more details, please refer to the original article below.
Fintech Today
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https://www.fintechtoday.co.kr/news/articleView.html?idxno=1083
[Contributed by] Attorney Chang Ha Brian Yoo of LIN, 'Data Protectionism in the Age of AI'
An article of U.S. Attorney Chang Ha Brian Yoo of LIN’s TMT team was recently published in the Maeil Business Newspaper.
In an article titled "Data Protectionism in the Age of AI," U.S. Attorney Chang Ha Brian Yoo discussed the growing international conflict over data acquisition and control, or "data protectionism," in the age of AI. Former U.S. Secretary of State Henry Kissinger has called for an international treaty on AI development and use, similar to the Nuclear Arms Reduction Treaty. Recently, the U.S. passed a bill that could ban TikTok, requiring Bytedance to sell TikTok or face a ban on its service in the U.S., and Japan demanded that Naver sell its messaging platform Line to a Japanese company. These measures reflect the critical importance of data control, which can significantly impact both national security and the success of data economy. Yoo emphasized that major countries are adopting data protectionism to protect their citizens' data and block foreign influence, and suggested that Korea should seek a policy balance in this regard.
For more details, please refer to the original article below.
Maeil Business Newspaper
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https://m.mk.co.kr/news/contributors/11068640
