Paul Hastings’ corporate partner Kim Dong-chul will replace litigation partner Kim Jong-han as the Seoul office’s chair from 1 January 2021.
Kim Dong-chul joined the firm in 2012 in Seoul, has specialized in capital market transactions and represented prominent Korean companies and international investment banks including Samsung Electronics, Lotte Chemical, Hanwha Systems, Korea Investment Corp, Citigroup and Morgan Stanley.
“The technology sector is a key focus for us as we look to support large Korean businesses going global,” he told Asia Business Law Journal when discussing the firm’s priorities in the coming year. “We are continuing to scale up and support IPOs [initial public offerings] and capital market transactions, which are a key area of growth at the moment.”
With the pandemic posing a significant impact on clients’ businesses, he said the firm had seen an exciting rise in demand around the above-mentioned capital market transactions and IPOs, while cross-border corporate transactions had cooled in the short term because many are cautiously considering the impact of potential business closures and the high volatility in foreign exchange rates. “We expect this to return as the economy recovers,” he said.
Kim Jong-han, meanwhile, will transfer to the firm’s Los Angeles office to represent Korean and US clients in cross-border litigation.
His relocation is expected to expand the firm and share expertise across its global network. The firm has submitted the required application to the Korean Bar Association and is currently waiting for its approval to confirm Kim Dong-chul as the new chief representative of Paul Hastings’ Seoul office.
“Dong-chul is a distinguished member of our corporate team in Seoul and possesses a deep understanding of the local market,” said Kim Jong-han.
“Seoul is home to many of the world’s biggest and best companies, and our firm remains committed to serving our Korean clients as they grow here and internationally,” he said. “I’m excited to join the Los Angeles team again after serving in Asia for 18 years, and to continue serving our Korean clients from the US.”