SOUTH KOREA Trends and Developments Contributed by: C J Kim and M H Lim Choi & Kim Choi & Kim was founded in 1997 and was the first boutique firm in South Korea to specialise in insur- ance, shipping and cross-border litigation, instantly becoming the leading firm in Korea for insurance and shipping. Since its establishment, for over 25 years law magazines have recognised the firm as a top-tier firm in shipping as well as a highly recommended law firm for insurance and cross-border disputes. Sup-
China
North Korea
Seoul
South Korea
Japan
ported by six specialist Korean insurance and ship- ping attorneys and a specialist US lawyer, Choi & Kim attracts overseas clients with international trade dis- putes and cross-border litigation issues. The firm has advised on insurance matters involving petrochemi- cal plant fires and explosions, battery fires in electric vehicles, directors’ and officers’ liability, and liability insurance for construction and engineering.
Authors
C J Kim is a founding partner of Choi & Kim and one of the most renowned insurance lawyers in South Korea. He is especially known for his forte in litigation. He generally advises global reinsurers such as Starr, Scor, QBE
M H Lim graduated from The George Washington University Law School in 2021 and was admitted to the
Washington, DC Bar. In 2022, she joined Choi & Kim, where she assists in drafting formal legal opinions and providing in-depth analyses of various aspects of Korean insurance law, such as the insurers’ exemptions based on the insured’s wilful negligence, contractual construction for coverage, application of a Public Authorities Clause, the insured’s breach of a Claims Co-Operation Clause, and subrogation issues in matters involving professional negligence/ indemnity, corporate liability, property damage and business interruption claims.
and Liberty and Lloyd’s syndicates. His exceptional work encompasses corporate insurance issues such as bankers’ blanket bonds, directors’ and officers’ insurance, financial institution professional indemnity insurance and property all-risks insurance. He has advised on insurance matters involving petrochemical plant fires and explosions, battery fires in electric vehicles, D&O liability, and liability insurance for construction and engineering.
Choi & Kim 10th floor Gwanghwamun Officia Bldg 92, Saemunan-Ro Jongno-Gu, Seoul 03186 Tel: +82 2 732 5577 Fax: +82 2 735 6866 Email: mail@choikim.com Web: www.choikim.com
423 CHAMBERS.COM
Powered by FlippingBook