Yulchon

Antitrust/Competition, Telecommunication/ICT/Online Platform Regulation, Health Care/Pharmaceuticals, Corporate Governance, Cartel Activity; Collusion; Improper Concerted Conduct

Partner

Sung Bom Park is Chair of the Antitrust Practice and also heads the Healthcare Team at Yulchon. His practice ranges across various industries including automotive manufacturing, aviation, healthcare and telecommunications (TMT). After passing the National Bar exam and graduating from Yonsei University in Korea, Sung Bom finished an LL.M. in UC Davis and is licensed to practice both in Korea and the State of New York. In the practice of Korean antitrust law, Sung Bom has been a pioneer as his antitrust career began in the mid-1990’s, when antitrust enforcement emerged as a relatively new legal field in Korea. Since then, he has represented both foreign and Korean clients in a number of high-profile antitrust cases (see list below). These include (i) unfair internal transaction cases involving some of the largest Korean business groups including SK, Samsung, Hanwha and Dongbu that came under intense investigations by the Korea Fair Trade Commission in the late 1990’s, (ii) the DRAM, marine hose, air cargo, and auto parts international cartel cases, (iii) the elevator, industrial motor, forklift, petro-chemicals, detergent and kitchen cleaner, LPG, gunpowder, and construction domestic cartel cases, and (iv) abuse-of-dominance cases involving global technology companies including Qualcomm, Intel, Kakao and Naver. Sung Bom also represented or advised clients including Boehringer-Ingelheim, Delta Air Lines, Nippon Yusen, Cypress Semiconductor and Microsoft in addition to domestic companies including SK Telecom, Korea Telecom, SK Broadband, Kakao Group, Woowa Brothers and Hanwha Group in various leading merger review cases before the Korea Fair Trade Commission. Sung Bom has also handled a number of unfair trade practice cases in the automotive, healthcare, mobile communications and retail industries, in addition to advising clients on unfair internal transactions and antitrust regulations on large business groups. Sung Bom was one of the first attorneys in Korea to realize the importance of establishing compliance systems in companies and therefore to advise many domestic and international companies to introduce enterprise legal risk management systems and preemptively manage and control antitrust and other legal risks which may interfere with business operations.In addition to his role as an antitrust attorney, Sung Bom is heading Yulchon’s Healthcare Team, advising and litigating for clients including major domestic and international pharmaceuticals, medical device producers and medical institutions on various legal matters.Sung Bom has also advised government agencies: as a Subcontract Dispute Mediation Council member of the Korea Fair Trade Commission from 2002 to 2009, as a Cartel Advisory Committee member of the same competition authority from 2004 to 2012, and as a Legal Advisory Group member of the Korea Communications Commission since 2010. Sung Bom is also serving in educational roles in the legal academia: as Vice Chair of the Korean Competition Law Association and Asia Pacific Competition Community, as a lecturer of antitrust and compliance for Seoul National University, Yonsei University, Seogang University, Seoul Bar Association, and Fair Competition Federation as well as major companies. His publications include “Practical Issues and Proposed Solutions for the Current Leniency Program in Korea,” Journal of Korean Competition Law, Vol. 26 (2012); “The International Comparative Legal Guide to: Cartel & Leniency(2009-2012, Global Legal Group)”; and “Comparative Analysis of International Antitrust Cases,” Parkyoungsa (co-authored) (2003); among others.

2012-present Partner, Yulchon LLC 2020-present Vice Chair, Asia Pacific Competition Community (APCC) 2019-present Adjunct Professor, Yonsei Law School 2018-present Vice Chair, Korean Competition Law Association 2010-present Member, Legal Advisor Group, Korea Communications Commission 2008-present Member, Legal Economic Group (LEG), Korea Fair Trade Mediation Agency 2005-present Member, Korea Competition Forum 2004-2012 Member, Cartel Advisory Committee, Korea Fair Trade Commission 2003-2012 Partner, Yoon & Yang LLC 2002-2007 Lecturer, Judicial Research and Training Institute, the Supreme Court of Korea 2002-2003 Partner, Yoon & Partners 1999-2000 Lecturer, Korea Productivity Center (Antitrust Law) 1999-2009 Member, Subcontracting Dispute Mediation Committee, Korea Fair Trade Association 1996-2002 Associate, Yoon & Partners 1992-1995 Judge Advocate, Army of Republic of Korea

Korean, English

2002  New York 1992  Republic of Korea

2001  University of California, Davis, School of Law, LL.M. 1997  Seoul National University Law Research Center, Antitrust & Competition Law Course (3rd) 1992  Judicial Research and Training Institute, the Supreme Court of Korea 1989  Yonsei University, College of Law, LL.B.

2024  Leading Lawyer, Competition/Antitrust, asialaw 2024  Leading Lawyer, IFLR 1000 2023  Korea's Top 100 Lawyers, Asia Business Law Journal 2023-2024  Leading Individual, Antitrust/Competition, Legal 500 2009-2024  Leading Lawyer (Band 1), Competition/Antitrust, Chambers Asia-Pacific since 2020  Global Leader, Competition, Who’s Who Legal 2014-2024  National Leader, Competition, Who’s Who Legal: Korea 2023  Highly regarded, IFLR 1000 (Edition 33) 2023  Highly regarded, IFLR 1000 (Edition 32) 2022  Highly regarded, Competition, IFLR 1000 (Edition 31) 2023  Leading Lawyer, Competition/Antitrust, asialaw (Edition 28) 2023  Leading Lawyer, Competition/Antitrust, asialaw (Edition 27) 2014-2022  Leading Lawyer, Competition/Antitrust, asialaw 2019-2024  Litigation Star, Competition/Antitrust, Benchmark Litigation Asia-Pacific since 2011  Leading Lawyer, Competition & Antitrust, Expert Guides since 2010  Marquis Who’s Who