For the second year in a row, Lin has been recognized in two categories at the 2023 Korea Law Firm Awards organized by Asia Business Law Journal ("ABLJ"), a prominent legal publication in Asia.
 
ㆍ Fintech
ㆍ Structured Finance & Securitization
 
Since 2009, ABLJ, a Hong Kong-based legal publication, has been awarding law firms in China, Japan, India, the Philippines, and other countries. The ABLJ evaluated and analyzed various performance data submitted by each law firm for this award, as well as surveyed in-house counsel and lawyers from domestic and foreign companies, and praised Lin for its steady performance in the fields of finance and new industries, noting that the firm has recently been actively investing in fintech advisory capabilities to help fintech companies build platforms for overseas expansion.
 
Managing Partner Jin Seok LIM, a key member of Lin's finance and fintech teams, is a former member of the finance team at Korea's largest law firm, Kim & Chang. Specializing in advising on regulatory matters, transactions, and disputes in the financial sector, Lim's expertise and global recognition earned him a spot in ABLJ's “2023 Korea's Top 100 Lawyers.”
 
We are a young law firm, celebrating our 7th anniversary this year. The enthusiasm and distinguished expertise of the young organization has led to new revenue streams and growth, and the firm's competitiveness is due to its bold investment in new industries that are expected to increase demand for legal services in the future.
 
This year, the firm is emphasizing active investment in new industries to be the first to respond to various disputes and demands for legal advice arising from the introduction of new technologies, and is paying particular attention to the regulatory risks associated with the paradigm shift in the financial industry. The most prominent trend in the regulatory environment of the financial industry since the current government took office is the expanded role of the Financial Supervisory Service (FSS). The “wide-ranging actions” of the FSS head, a former prosecutor, have caused tension across the entire financial sector, including banks, securities, insurance, and card companies. The FSS is strengthening proactive inspections and checks on IT risks to cope with the digital transformation and the big blur phenomena in the financial industry. Additionally, the FSS, along with the Financial Services Commission, is working on establishing regulatory frameworks for the issuance and distribution of securities-type digital assets.
 
As the digital financial environment continues to expand, our Finance and Fintech team provides optimized solutions for the fintech industry based on in-depth knowledge of new technologies, accurate and three-dimensional understanding of financial regulatory trends, and smooth communication with financial supervisory authorities through systematic collaboration among lawyers, IT information security experts, and top-notch professionals such as lawyers from the Financial Supervisory Service and advisors and experts from the Korea Exchange and the Board of Audit and Inspection of Korea.
 

 

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