Insurance: local firms

Kim & Chang

Client Satisfaction

Kim & Chang’s insurance team, led by Jay Ahn, provides comprehensive insurance-related advice including regulatory, licensing, commercial matters, and litigation representing insurers, reinsurers, and brokers throughout Korea. Jae Ho Baek assists with a broad range of matters, including advising the establishment of insurance branches, subsidiaries, brokerages and agencies, as well as assisting these institutions with ongoing regulatory compliance issues. Hyun Wook Shin has extensive experience in advising insurance companies on various matters, including the establishment of an insurance company, M&A, license applications, regulatory compliance, and privacy matters.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘The team has the best human network and has a high understanding of the insurance industry and, if necessary, offers opinions that can become the new standard.’
‘Sang Mi Baek, based on an understanding of the insurance industry and data protection laws, provides necessary advice to fintech companies.’

Key clients

Samsung Life Insurance Co., Ltd.
Samsung Fire & Marine Insurance Co., Ltd.
Hyundai Marine and Fire Insurance Co., Ltd.
AIA Life Insurance Co., Ltd.
LINA Life Insurance Company of Korea
ACE American Fire Marine Insurance Co., Ltd. Korea Branch
KB Insurance Co., Ltd.
Korean Reinsurance Company
KB Life Insurance
Heungkuk Life Insurance
Shinhan Life Insurance Co., Ltd.
AIG (American International Group) Korea Inc.

Work highlights

Advised Korean insurance companies on proposed amendments to the Enforcement Decree of the Korean Commercial Code regarding dividend distributions.
Advice on amendments to regulations restricting the sales ratio of insurance products of a single insurance company by credit card companies.
Advised on insurance business license application of Starr Insurance International Seoul Branch.