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Yulchon’s Insurance Practice Group is comprised of professionals with extensive experience and insight in the insurance industry. We provide premier legal service in all areas involving the insurance industry, such as establishment, asset management, investigation and regulatory enforcement, M&A, insurance agreements and products, reinsurance, dispute resolution and tax.

Our practice group specializes in handling regulatory enforcements by financial supervisory authorities and M&A of insurance companies. The practice of Yulchon’s Insurance Practice Group is characterized by its incomparable teamwork among practice groups to offer comprehensive advice in the most efficient and effective manner.


Major Practice Areas

 

  • Establishment and registration of insurance companies and branches
  • Insurance agreements and products  
  • Asset management for insurance companies
  • Responses to governmental investigations against insurance companies
  • M&A involving insurance companies 
  • Advice on reinsurance
  • Taxation and related proceedings
  • Dispute resolution

  • Regularly advise on the regulatory framework for the Korean insurance industry
  • Advised on early retirement plans for insurance company employees
  • Advised on extending of credits by insurance companies to their branches 
  • Advised on the standard terms of variable insurance contracts
  • Advised on the agreement among life insurance companies for maintaining fair competition
  • Advised on the agreement among property insurance companies for maintaining fair competition
  • Advised on the issue of sharing registered information of insurance brokers 
  • Advised on investments by insurance companies using investment funds
  • Advised on issues related to “special accounts” under Korean insurance laws
  • Advised on calculating overdue interest for insurance companies
  • Advised an insurance company on investing in a BTL project
  • Advised Hyundai Motor Company Group on acquisition of Green Cross Life Insurance
  • Advised KDB-Consus Value on acquisition of shares in KDB Life Insurance
  • Advised Korea Asset Management Corporation on sale of shares in Kyobo Life Insurance
  • Advised Korea Deposit Insurance Corporation on sale of Daehan Non-Life Insurance
  • Advised Korea Deposit Insurance Corporation on sale of International Non-life Insurance
  • Advised Woori Investment & Securities on acquisition of shares in TBC Taiwan.
  • Advised Lotte on acquisition of Daehan Non-Life Insurance
  • Advised Cameron International on sale of Cameron CKI Insurance Brokerage, a subsidiary of Cameron International
  • Natural Catastrophe Insurance and Utilization of Cat Bond, General Insurance Vol. 556 (2015) 
  • Introduction of Mandatory Information Leakage Liability Insurance, General Insurance Vol. 553 (2014) 
  • A Study on the Coverage of Property and Casualty Insurances – Focusing on Coverage against natural catastrophe losses, Korean Insurance Law Journal Vol. 7 Issue. 2 (Co-Authors) (2013) 

Contact Professionals

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