LIN NEWS
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LIN NewsLIN LLC and Cuatrecasas to Hold Joint Seminar at Casa Asia, MadridOn October 28, 2025, David H. Yang of LIN LLC will deliver a presentation titled “Business Entry Strategies in Korea” at Casa Asia in Madrid, Spain, in collaboration with the Spanish law firm Cuatrecasas. Casa Asia is a public diplomatic institution jointly established by the Spanish government and local authorities. It is widely recognized as Spain’s most prestigious and influential organization dedicated to promoting cultural, economic, and diplomatic exchange with the Asia-Pacific region. This seminar follows the joint event previously co-hosted by LIN and Cuatrecasas in Seoul on May 11, 2024. ▶ Related article: https://www.mk.co.kr/news/business/11012821 ▶ Madrid event link: https://www.casaasia.es/actividad/conferencia-como-hacer-negocios-en-corea-del-sur/?wcs_timestamp=17616438002025.10.14.
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News LetterMobility Legal Updates_[Issues]This newsletter covers the latest issues in the mobility industry concerning the Automotive Cybersecurity Management Framework and autonomous vehicles. Opening of the Automotive Cybersecurity Center Establishment of a Core Facility to Oversee the Automotive Cybersecurity Management Framework The Ministry of Land, Infrastructure and Transport (MOLIT) announced that the Minister of MOLIT held the completion ceremony for the Automotive Cybersecurity Center on November 6, 2025. The Automotive Cybersecurity Center is a core facility that oversees the operation of the Automotive Cybersecurity Management Framework, which came into effect on August 14, 2025, as well as certification and evaluation therefor. It is equipped with systems for manufacturer certification and management, cyber threat monitoring, and real vehicle-based security evaluation. It monitors and responds in real-time to cyber threats, such as personal information theft, external hacking, and driving interference, that may occur throughout the entire lifecycle of a vehicle—development, production, and operation. According to the Automotive Cybersecurity Management Framework, any automotive manufacturer, etc., seeking self-certification for its vehicles is obligated to establish an Automotive Cybersecurity Management System (CSMS) and secure certification from the Minister of MOLIT (Article 30-9). Furthermore, once this certification has been obtained, the certified manufacturer, etc., is required to promptly report to the Minister of MOLIT any incidents concerning automotive cyberattacks and threats (Article 30-12). To ensure the effective execution of duties pertaining to the certification of the CSMS, the Minister of MOLIT is authorized to delegate the related functions—including assessment, certificate issuance, and management, etc.—to a performance testing agency. To facilitate this, the Minister shall provide contributions or financial support necessary for the establishment of requisite facilities (Article 30-9, paragraph 5). With the completion of the Automotive Cybersecurity Center and the forthcoming implementation of the "Notice on Certification, etc., of Automotive Cybersecurity Management System," of which the Minister made an administrative announcement on July 9, 2025, the Ministry has successfully established the foundational infrastructure for operating the national Automotive Cybersecurity Management Framework. It is anticipated that the newly established Automotive Cybersecurity Center will proceed to assess the CSMS established by each automotive manufacturer, etc., adhering to the certification criteria stipulated in the aforementioned Notice (Notice Article 6, Annex 1). Roundtable Held with Domestic Autonomous Driving Companies Indication of Support Measures for Autonomous Vehicle Development and Demonstration On October 22, 2025, the Minister of MOLIT held a roundtable with domestic autonomous vehicle companies, including Autonomous A2Z, RideFlux, PonyLink, and Kakao Mobility. Participants in the roundtable requested the Minister to expand demonstration spaces, provide financial support for the development and facilitate the market entry for Level 4 unmanned autonomous vehicles, improve regulations, and establish preemptive systems. In response, the Minister stated that the Ministry will promote infrastructure development and demonstration expansion, which includes establishing dedicated data centers for the development and training of autonomous driving AI, creating autonomous driving demonstration cities, and expanding autonomous driving services to areas with limited transportation access. Furthermore, he committed to institutional improvements to enable the use of original video data from autonomous vehicles, as mentioned during the 1st Strategy Meeting for Core Regulatory Rationalization hosted by the President. In particular, the remarks by the Minister regarding the utilization of original video data from autonomous vehicles are highly significant. Currently, the Act on the Promotion of and Support for Commercialization of Autonomous Vehicles (hereinafter, the “Autonomous Vehicles Act”) stipulates that information derived from personal data collected during the operation of autonomous vehicles is exempt from the application of the Personal Information Protection Act (PIPA) if it is utilized after being anonymized so that a specific individual can no longer be identified even when combined with other information, through the entire or partial deletion or replacement of the collected personal data (Article 20 of the Autonomous Vehicles Act). Conversely, this implies that video personal data that has not been anonymized remains subject to the application of the PIPA. Since video information is considered personal data, autonomous vehicle companies must anonymize such data for its legal utilization. Currently, original video data is being utilized through a special regulatory exemption for demonstration granted by the Personal Information Protection Commission (PIPC). However, absent the establishment of a institutional foundation, the utilization of original video data by autonomous vehicle companies will inevitably remain dependent on this unstable regulatory exemption. As the government, including the Minister of MOLIT, has signaled regulatory improvements for the utilization of original video data from autonomous vehicles, it is imperative to continuously monitor the trends of related regulations in the future. *** LIN LLC has extensive experience in providing advisory and litigation services in the mobility industry, particularly in areas such as administrative regulations, and patent and trade secret disputes related to motor vehicles. Our Mobility Team consists of attorneys and experts with a distinctive interest and passion for automobiles. Should you wish to learn more about this newsletter or have any other inquiries, please do not hesitate to contact LIN’s Mobility Team. Attorney Tae-Joon Bae (tjbae@law-lin.com, +82 10 8237 8123) Attorney Min-Gu Kang (mgkang@law-lin.com, +82 10 3907 9217) Attorney Ho-Yeon Kim (hykim@law-lin.com, +82 2 3477 6300) Attorney Jung-Pil Oh (jpoh@law-lin.com, +82 2 3477 8695)2025.11.17.
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NoticeLin Signs MOU with Korea New & Renewable Energy Association (KNREA)Mutual cooperation on new & renewable energy-related projects through legal services in the field of laws and regulations On October 26, Lin signed an MOU with KNREA to promote the development of the domestic new & renewable energy industry. The agreement was signed to provide various legal services to KNREA and its member companies, including information on new & renewable energy-related laws and regulations. Through the agreement, the two parties agreed to cooperate on ▶ improving new & renewable energy-related laws and systems ▶ providing legal advice on new & renewable energy ▶ and training on new & renewable energy. In line with the trend of carbon neutrality, Lin will exert its best to promote the sustainable development of the renewable energy industry, which can replace conventional energy using fossil fuels and nuclear power. For more information, please visit KNREA website below. http://www.knrea.or.kr/bbs/?act=bbs&subAct=view&bid=agreement&page=1&order_type=desc&seq=58282023.11.10.
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Recruitment PersonnelNew RecruitmentsWe are pleased to welcome Jung Bong Lee (Partner), Lance B. Lee (Foreign Legal Consultant - Partner), and Ki Suk Seol (Of Counsel) as new members of our Firm. 1. Jeong Bong Lee, Partner - Incheon Songdo High School(68th) - Yonsei University, Department of Law - Chungnam National University, School of Law - Korean Bar Examination (40th, 1998) - Judicial Research and Training Institute (27th) - University of Vienna – Criminal Justice Institute Visiting Scholar (2008) Past) Incheon District Public Prosecutors’ Office – Prosecutor (2001) Past) Daejeon District Public Prosecutors’ Office, Hongseong Branch – Prosecutor (2003) Past) Incheon District Public Prosecutors’ Office, Bucheon Branch – Prosecutor (2005) Past) Seoul Central District Public Prosecutors’ Office – Prosecutor (2007) Past) Supreme Prosecutors’ Office - Prosecutor Researcher (2007) Past) Busan District Public Prosecutors’ Office – Prosecutor (2013) Past) Financial Intelligence Unit (FIU) - Head of Strategic Analytics (2014) Past) Chuncheon District Public Prosecutors’ Office, Gangneung Branch – Chief Prosecutor (2016) Past) Daegu District Public Prosecutors’ Office, Seobu Branch – Chief Prosecutor, Criminal Division 3 (2017) Past) Seoul Eastern District Public Prosecutors’ Office - Chief Prosecutor, Criminal Division 5 (2018) Past) Seoul Southern District Public Prosecutors’ Office - Chief Prosecutor, Criminal Division 2 (2019) Past) Supreme Prosecutors’ Office – Human Rights Policy Officer (2020) Past) Gwangju District Public Prosecutors’ Office – Human Rights Protection Officer (2021) Past) Chuncheon District Public Prosecutors’ Office – Chief of Wonju Branch (2022) Past) Seoul High Prosecutors’ Office (Daegu District Public Prosecutors’ Office, Secondment(2023), Voluntary Resignation) Current) LIN Since his appointment as a prosecutor in 2001, Mr. Lee has served as a prosecutor at the Seoul Central District Prosecutors' Office, a researcher at the Supreme Prosecutors' Office, a prosecutor at the Busan District Prosecutors' Office, a secondee at the Financial Intelligence Unit (FIU), a deputy prosecutor at the Seoul Eastern and Southern District Prosecutors' Offices, and a human rights policy officer at the Supreme Prosecutors' Office, before finally retiring in 2023 as the Chief Prosecutor of the Wonju District Prosecutors' Office. During his 22 years and 8 months as a prosecutor, he discharged a wide range of cases, including intellectual property infringement, technology theft and unfair competition, medical malpractice, sexual assault, finance, taxation, homicide, special crime, public security, and human rights policy (due process compliance in investigations). Mr. Lee, who joined Lin as a partner in November 2023, plans to actively engage in various cases such as securities, finance, and corporate anti-corruption based on diverse investigative and theoretical experience accumulated from the prosecution. Lin boasts top domestic experts in responding to financial, corporate crimes, and other investigative matters, and we will strive to provide our clients with high-quality legal services. 2. Lance B. Lee, Foreign Legal Consultant (Partner) - Boston College Law School – J.D. - University of Virginia – B.A. Past) Dentons Lee - Chief Operating Officer, Head of International Arbitration & Litigation and Partner, 2012-2023 Past) Kim & Chang - Partner Past) STX Shipbuilding Corporation – Group General Counsel Past) POSCO – Overseas Projects Team Leader Past) U.S. Army JAG Corps – Trial Counsel, Prosecutor and Captain Past) Gainer, Rient & Hotis - Attorney Current) LIN – Head of International Arbitration & Litigation, Partner (Present) Mr. Lee, a U.S. attorney, was responsible for various international arbitration and litigation cases for 11 years at Kim & Chang, representing numerous international corporations and diverse fields. Serving as General Counsel at STX Shipbuilding Corporation and Head of the International Legal Team at POSCO, he handled tasks such as international arbitration, international litigation, IP, corporate M&A, contract negotiations, and joint investments for global conglomerates. Subsequently, as a partner at the Seoul Office of Dentons, he worked for 11 years as the Head of the International Arbitration/Litigation Team, leading numerous international arbitration cases as lead counsel. In 2024, for the first time in history, more than half of the global population will be holding elections, signaling the end of America’s “unilateral hegemony” and prompting the world to prepare for more disputes. With major industrial powers intensifying their industrial policies and protectionist measures to secure leadership in advanced and eco-friendly industries post-election, there is an anticipated increase in international disputes, particularly in advanced technology sectors such as semiconductors and information technology (IT). Mr. Lee, a foreign attorney leading the International Arbitration/Litigation Team, will leverage his experience and expertise to actively discharge legal advice on the prevention and resolution of international disputes for various global corporations based on his accumulated knowledge and professionalism. 3. Ki Suk Seol, Of Counsel - Hongik University, Department of Architecture - Kyungpook National University, Graduate School of Law, - KAIST, Intellectual Property Graduate School - Bar Examination (3rd) Past) Eland Group, Legal Department Past) Hyundai Engineering, Legal Department Past) Ministry of Justice, Legal Affairs Officer Past) Ministry of Justice, Legal Affairs Secretary Current) LIN Mr. Seol, as an in-house counsel for a large corporation, has accumulated expertise in a wide range of legal affairs that can arise within the company, including civil and criminal litigation and consultation, fair trade practices, compliance, intellectual property, construction, and labor-related dispute management. Subsequently, serving as a Legal Affairs Secretary at the Ministry of Justice, he handled administrative adjudication and litigation, legislation drafting and revision, interpretation of laws and rights, review of government and legislative bills, formulation of legislative strategies, improvement of attorney and notary systems, and enhancement of legal technology systems. Through these roles, he has built expertise in planning, administration, and legislation. Amidst the ongoing challenges such as the increase in unsold and unoccupied properties, rising construction costs, high interest rates, and stagnation in real estate PF, it is anticipated that legal disputes and litigation among real estate market participants, including developers, contractors, financial institutions, trustees, and local housing associations, will continue to rise. Mr. Seol, who has served as an in-house counsel for a global integrated construction company, has handled a wide range of cases from civil and criminal matters to fair trade, construction, labor, and compliance issues, from the client's perspective, collaborating with various major law firms. Drawing upon his extensive practical experience accumulated in the field, he is committed to providing tailored solutions, not only advisory services but also litigation support, to corporate clients. 4. Recruitment of Foreign Lawyer With recent concerns over deflation in China, attitudes of Korean companies towards China have become notably cautious. Consequently, there is a growing need for professional advice regarding entry into the Chinese market. Recognizing this demand, Lin has recently recruited Ms. Wenpu Yang (Chinese attorney), aiming to provide high-quality legal service that aligns with our clients’ business strategies and management objectives on various issues related to Sino-Korean business relations. Going forward, Lin promises to continuously recruit verified talents in various fields to ensure customer satisfaction.2024.02.05.
[Maeil Business] LIN LLC Successfully Hosts Seminar for U.S. Utah Corporate Delegation on Korean Market Entry Strategy
Photo: U.S. corporate delegation attending LIN LLC’s seminar on Korean market entry strategies, hosted at LIN LLC’s Seoul office. Participants include LIN LLC’s attorneys and representatives from multiple U.S. companies.
LIN LLC successfully hosted a seminar on June 18, 2025, for a corporate delegation from Utah, U.S., focusing on strategies for entering the Korean market.
Managing Partner Jin-seok Lim, who delivered the opening remarks, explained that Korea offers diverse business opportunities for companies in sectors such as technology, healthcare, consumer goods, and advanced manufacturing., leveraging its world-class infrastructure, stable legal and regulatory framework, top-tier talent pool, and strategic location in Northeast Asia.
The first session was presented by foreign attorney David H. Yang, who underscored the strengths of the LIN LLC Foreign Investment Advisory Team. Attorney Yang presented a comprehensive analysis of various market entry strategies (agency and sales distribution agreements, franchise models, joint venture options, and subsidiaries, etc.), weighing the advantages and disadvantages based on the level of local market commitment. Furthermore, he enhanced the audience's understanding by detailing the close diplomatic and economic cooperation between South Korea and the United States.
The second session, led by attorney Tae Jun Bae, focused on the critical regulatory considerations for foreign investors entering the Korean market. He specifically addressed major legal issues that may arise during the distribution process of imported goods, with a focus on Korea's Monopoly Regulation and Fair Trade Act and the Distribution Industry Development Act. Attorney Bae provided concrete preventive measures and effective response strategies to mitigate potential legal risks.
The subsequent Q&A session with the Utah companies demonstrated a high level of interest and active participation from the attendees, affirming the seminar’s value as a meaningful platform for information exchange and practical insight. In his closing remarks, Tong Soo Chung, the Korea Director of WTC Utah, stated, “This seminar provided practical assistance to Utah companies looking to capitalize on their expansion into Korea, particularly following the recent opening of the Incheon–Salt Lake City direct flight route.” He expressed his strong expectation for continued exchange and cooperation between South Korea and Utah.
In his closing remarks, Tong Soo Chung, the Korea Director of WTC Utah noted that the seminar provided practical support for Utah companies exploring expansion into Korea, especially in light of the recent opening of the Incheon–Salt Lake City direct flight route.” He expressed his strong expectation for continued exchange and cooperation between South Korea and Utah.
For the related article, please refer to the original source below.
Maeil Business News
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https://www.mk.co.kr/news/business/11356618
[Naewoe Economic TV] LIN LLC Hosts Webinar on Proposed Amendments to the Electronic Financial Transactions Act
(From left: Attorney Soon Young Park, Attorney Joo Eun Kim, Attorney Seo Yeon An, Attorney Do Hee Kim)
LIN LLC successfully hosted a webinar on July 17, 2025, focused on “Key Updates and Regulatory Trends Following the Proposed Amendments to the Electronic Financial Transactions Act.” The session was strategically organized to address the legal vulnerabilities exposed in electronic commerce structures following the TMON and WeMakePrice non-settlement incident, to discuss anticipated regulatory changes under the proposed amendments to the Act, and to explore proactive response strategies for industry participants.
The webinar featured an in-depth presentation by attorney Soon-young Park of LIN LLC’s TMT & Data Security Team. Attorney Park provided a detailed overview of the core provisions of the proposed amendments, elucidating their legislative intent, regulatory scope, and the projected impact across various sectors. She offered specific, actionable guidance on critical issues and future compliance strategies for, among others, electronic financial service providers, e-commerce platform operators, fintech companies.
Following the presentation, a panel discussion with attorneys Joo-eun Kim, Seo-yeon An, and Do-hee Kim offered further specialized perspectives, deeply analyzing the significance and impact of the revision bill:
Attorney Joo-eun Kim observed that the proposed registration requirements for e-commerce platforms could mitigate operational blind spots. Attorney Seo-yeon An acknowledged the positive impact of mandating the external management of settlement funds of PGs, specifically in protecting client assets and fostering transparency, while simultaneously pointing out that this measure may impose certain constraints on liquidity management for fund operators. Attorney Do-hee Kim underscored the critical need for a judicious balance between regulation and innovation to ensure the sustainable growth of the fintech industry. She also recommended the active utilization of regulatory sandboxes and grace periods to secure essential institutional flexibility.
Through this webinar, LIN LLC shared valuable information, significantly enhancing stakeholders’ comprehension of the evolving legal landscape in the electronic finance and e-commerce sectors, thereby assisting them in formulating effective and implementable compliance strategies.
LIN LLC will continue to provide in-depth legal counsel and robust practical support to enable companies and institutions to operate stably and in compliance with law amidst the rapidly evolving digital finance and technology environment.
For more details, please refer to the original article below.
Source: Naewoe Economic TV
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https://www.nbntv.co.kr/news/articleView.html?idxno=4004961
LIN LLC's Young Jae SHIN and Il Roh KIM Selected as Leading Lawyers in the Corporate and M&A Field for [Who's Who Legal Korea 2025]
Legal Times has spotlighted the key experts set to lead the corporate legal and M&A sectors in its special feature article, ‘Who's Who Legal Korea 2025,’ which examines the landscape of the Korean legal market in 2025. Published at a time when the M&A market is showing clear signs of recovery and recent revisions to the Commercial Act and other developments have made the role of lawyers more crucial than ever, the feature is drawing significant attention.
Based on law firm recommendations and rigorous evaluations by experts, the feature selected legal professionals who demonstrate both potential and proven capability. Among them, Partners Young Jae SHIN and Il Roh KIM of LIN LLC were recognized as Leading Lawyers in the Corporate and M&A field.
- Young Jae SHIN was selected in recognition of her extensive experience and proven track record in executing successful transactions across corporate advisory services, including M&A, private equity (PE), and both domestic and international investments. She has once again demonstrated her excellence as a trusted professional who guides clients in achieving their business objectives amid rapidly changing market conditions.
- Il Roh KIM is highly regarded for his deep expertise in M&A, corporate advisory, and financial transactions, complemented by his unique capabilities in corporate criminal law, honed through his experience as a prosecutor at the Anti-Corruption and Civil Rights Commission. Recognized for providing optimal solutions to complex corporate legal issues, he combines international acumen with investigative experience to deliver comprehensive and strategic counsel.
LIN LLC has once again solidified its competitiveness in the corporate and M&A sectors and remains committed to delivering legal services that ensure the highest level of client satisfaction.
For more details, please refer to the original article below.
Legal Times
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https://www.legaltimes.co.kr/news/articleView.html?idxno=89050
