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Lee, Seuk Joon (Senior Foreign Counsel)

Seuk Joon Lee is a senior foreign counsel at Yulchon and primarily practices in the areas of antitrust, medicine and pharmaceuticals, and broadcasting and telecommunications. Mr. Lee, Vice-Chair of the Antirust Practice Group, has handled antitrust matters of all types, including cartels, merger review, abuse of market dominance, and unfair trade practices. For example, Mr. Lee successfully represented many companies in domestic and international cartels involving products and services such as car parts(bearing, cluster), TFT-LCD, LPG, air cargo, marine hose, copy paper, beverages, life insurance, and credit rating services. He also successfully represented many domestic and foreign clients in many merger review cases including M&A deal between GSK and Novartis, the acquisition of Nokia Corporation’s Services and Devices business by Microsoft(represent third party intervener), the acquisition of National Semiconductor by Texas Instrument, the acquisition of Acushnet by Fila Korea and the acquisition of GS Mart by Lotte Shopping.

Mr. Lee is the head of Yulchon’s Health Care Regulatory Practice Team and has successfully represented many prominent Korean and foreign pharmaceutical companies who were accused of unfair trade practices. He also successfully assisted relevant trade associations, such as the Korea Research-based Pharmaceutical Industry Association and the Korea Pharmaceutical Manufacturers Association, with drafting and implementing industry codes of conduct. In addition, Mr. Lee has provided advice to multinational pharmaceutical companies on various healthcare regulation issues, including reimbursement for medical products, prevention of contagious diseases, and the separation of dispensaries from medical practices.

Antitrust, Health & Pharmaceutical, Technology, Media & Telecommunications

Syracuse University, Graduate School of Management, M.S.A. (2000)
Syracuse University, College of Law, J.D. (1999)
Pusan National University, Graduate School of Political Science, M.A. in Public Administration (1985)
Pusan National University, B.A. in Business Administration (1983)

Yulchon LLC (2006-present)
Outside Director, Korea Communications Agency (2012-present)
Member of Fair Competition Regulation Review Committee, Korea Pharmaceutical Manufacturers Association (2012-present)
Member of Fair Competition Regulation Review Committee, Korea Dental Trade Association (2012-present)
Member of Medical Device Committee, Korea Food & Drug Administration (2011-2013)
Head of the Monopoly Surveillance Division, Korea Fair Trade Commission (2006)
Head of the Competition Facilitation Division, Korea Fair Trade Commission (2005)
Head of the Business Conglomerates Division, Korea Fair Trade Commission (2004-2005)
Kim & Chang (2003)
Director, Advertising and Labeling Division, Korea Fair Trade Commission (2002)
Director, Investigation Division, Korea Fair Trade Commission (2001)
Deputy Director, International Affairs Division, Korea Fair Trade Commission (1993-1997)
Deputy Director, Department of the External Economic Policy Coordination, Economic Planning Board (1992-1993)
Deputy Director, Telecommunications Policy Bureau, Ministry of Information and Communication (1989-1991)
Naval Troop Information and Education Officer (1986-1989)
Passed Higher Civil Service Examination (1984)

Represented GSK (GlaxoSmithKline) in its $25 billion-plus three-part business swap with Novartis and obtained antitrust clearance from the KFTC (2014-2015)
Represented Samsung Electronics in the KFTC proceedings as a third-party intervenor regarding Microsoft’s acquisition of Nokia’s handset business (2014-2015)
Defended Schaeffler in the KFTC’s alleged industrial bearing cartel investigation, and succeeded in substantially (over 60%) reducing an administrative fine (2014)
Represented Continental in the KFTC’s alleged instrument panel cluster cartel investigation, and succeeded in substantially reducing an administrative fine (2014)
Assisted the KFTC in its filing of an amicus curiae brief with the U.S. 7th Circuit Court of Appeals in Motorola Mobility LLC v. AU Optronics Corporation on the proper interpretation of the Foreign Trade Antitrust Improvements Act (2014)
Provide advice to oil companies in connection with their price fixing allegations (2012)
Advised Micron on its filing a business combination notification for the acquisition of Elpida (2012)
Advised TFF-LCD companies in connection with the allegation of their international price and quantity-fixing cartel (2011)
Advised Baxter on its refusal to deal with Hanall Biopharma (2011)
Advised Allergan in connection with the allegations of its abuse of market dominant position (2011)
Advised in connection with filing a business combination notification for a joint venture company to be established by Corning Korea Company and Corning Incorporated (2011) 
Advised Texas Instrument on its filing a business combination notification for the acquisition of National Semiconductor (2011)
Advised Fila Korea on its filing a business combination notification for the acquisition of Acushnet (2011)
Advised a national airline in connection with the allegations of its abuse of
Advised in connection with the allegations of fixing interest rates of personal insurances (2011)
Advised airline companies in connection with the allegations of their international air freight cartel (2010)
Advised beverage companies in connection with their price fixing allegations (2009)
Advised dairy products manufacturers in connection with their price fixing allegations (2009)
Advised credit rating agencies in connection with the allegations of fixing their fees (2009)
Advised life insurance companies, including Samsung Life Insurance and The Korea Development Bank Life Insurance in connection with the allegations of fixing interest rates of their severance insurances (2008)
Advised Lotte Group companies in connection with the allegations of unfair intercompany practices (2008)
Advised Lotte, Hyundai, Shinsegae Departments in connection with the allegations of their abuse of business positions (2008)
Advised copying paper manufacturers in connection with the allegations of their international cartel (2008)
Advised petrochemical companies, including Hanwha Chemical Corporation, Hyosung Corporation, GS Caltex in connection with the PP/LLD price-fixing allegations (2007)
Advised pharmaceutical companies, including Dong A Pharmaceutical, Daewoong Pham, Choongwae Pharm Corporation in connection with the investigation into the allegations of their unfair inducement of customers (2007)
Provide advice to pharmaceutical companies including GSK, Gambro, Intuitive Surgical, etc.
Provide advice to Korea Pharmaceutical Manufacturers Association, Korea Dental Trade Association, etc.

  • The State Council Approves Amendment to the Presidential Enforcement Decree of the Monopoly Regulation and Fair Trade Act
  • Chapter on Korea, “The Merger Control Review”, 8th Edition, Law Business Research (2017) pdf
  • Chapter on Korea, “The Merger Control Review”, 7th Edition, Law Business Research (2016) pdf
  • Chapter on Korea, “The Merger Control Review”, 6th Edition, Law Business Research (2015) pdf
  • Chapter on Korea, “The Merger Control Review”, 5th Edition, Law Business Research (2014) pdf
  • Dominance, Getting the Deal Through (Co-Author) (2010)
  • Review on Competition Law Issues in Online Distributors’ Business Combination, Competition Journal No. 145 (2009)
  • Comparative Study on the U.S. and EU Regulation Concerning Price Squeeze of Vertical Integrated Companies, Competition Journal No. 144 (2009)
  • Recognition of Leniency Status for Companies under the Common Control, Competition Journal No. 143 (2009)
  • Relationship between Cartel Damage Claim Suit and Leniency Status, Competition Journal No. 142 (2009)
  • Comparative Analysis of Court Rulings and KFTC’s Decisions Concerning Business Combination in the Retail Industry, Competition Journal No. 141 (2008)
  • Study on Improvement of Holding Company System under the MRFTA, Competition Journal No. 134 (2007)
  • Analysis of Settlement System of Competition Law Cases, Competition Journal No. 133 (2007)
  • Comparative Study on Regulation of Market Dominance in the U.S. and EU, Competition Journal No. 129 (2006)
    Korean, English
    New York A.I.C.P.A. (2001)
    New York Bar (2000)