Key practice areas
Banking, ship/aviation finance, structured finance, insolvency & restructuring
Introduction
Woo Young Jung is a partner of Banking & Finance Group at Lee & Ko with almost 20 years of practice experience in area of finance and general banking. During his long tenure as banking attorney, he has handled and advised on a wide variety of financing schemes, e.g. asset financing, project financing, securities, corporate rehabilitation and asset backed securitization, but always with a concentration on the area of shipfinance. He advises shipping companies and financial institutions (both local and offshore) on the acquisition of new buildings and secondhand ships, offshore oil and gas, cross border leases, tax leases under US, UK and France revenue regulations, the fund scheme and other structured financing, many of which have been bench mark deals in the Korean market.
He also advises, as a designated outside counsel, many of the government and government related authorities delegated to drafting and implementing the anti-money laundering legislation and other financial regulations, e.g. the Bank of Korea, the Ministry of Finance and Economy, the Export-Import Bank of Korea, the Korea Development Bank, the Korea Export Insurance Corporation, the Korea Highway Corporation and recently the Korea Finance Corporation, and makes active contributions. He has acted as an advisor of the Ministry of Maritime Affairs and Fisheries, as advisory member of Korea Financial Intelligence Unit, and as outsider Director of Korea Line Corporation, a shipping Company.
He also writes and lectures frequently on structured finance, shipfinance, ship investment company act at the Judicial Research and Training Institute, the Korea Securities Research and Training Institute and the International Bar Association, and publishes articles (with his prior publications including “Introduction to the Banking Practice of the Shipfinance” (2006) – BFL, Finance Center of Seoul National University, and “Asset-Backed Securitization in Korea” (2003) Asia Law and Practice).
