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Hyung Sub Lim is a partner in the Litigation & Arbitration Group and North Korea Advisory Group. Since joining Lee & Ko in 2007 Mr. Lim has accumulated extensive experience and expertise in complex commercial litigation and has litigated some of the largest and most complex cases that have been brought in the district and appellate courts in Korea.
Mr. Lim's legal practice has focused on complex business litigation, with emphasis on the following areas: representation of PF and other investment funds in litigations and arbitrations arising from corporate financing and securities transactions, real estate, construction, security regulations, banking, insurance and corporate governance, North Korea matters, sanctions and Inter-Korea Economic Cooperation.
Currently, Mr. Lim serves as the Secretary General of Lee&Ko North Korea Advisory Group and works as an consultant for the Kaesong Industrial Complex Legal Consulting Committee and Special Committee on Unification Law of the Ministry of Unification, Special Committee for South and North Korea Law Studies of the Ministry of Justice, and the Seoul Bar Association's Unification Legislative Affairs Special Committee, as well as the Chairperson of Committee for Studies in Inter Korea Relation Legislative Affairs under of Korean Bar Association's Unification Studies Committee.
Mr. Lim lectured on North Korea issues at the Export-Import Bank of Korea, Korea Land & Housing Corporation (i.e., the project operator of Kaesong Industrial Complex), Korea Development Bank, Kookmin Bank, Lotte Group companies, Seah Group companies, PwC Samil, Dongguk University, Kangwon University, Handong University, the Korean Association of International Studies and North Korea Policy Forum.
主要事例
[North Korea and Unification Legislation]
Implemented policy research tasks related to inter-Korean economic cooperation and international sanctions against North Korea for the competent authorities, including the Ministry of Unification, the Ministry of Foreign Affairs, and the Ministry of Justice
Advised the Ministry of Unification on U.N. and U.S. sanctions against North Korea in connection with inter-Korean economic cooperation
Advised the Ministry of Unification on follow-up measures for the implementation of the Panmunjom Declaration
Advised KBS and other media organizations on cultural exchange between the two Koreas
Advised on the establishment of a joint venture company in Mt. Geumgang International Tourist Zone
Advised the Ministry of Unification on matters related to the North Korean Refugees Protection and Settlement Support Act
Implemented policy research tasks for the Ministry of Unification, such as research of negotiation methods in the field of trademark and patent rights
Participated as a member of the Research Committee on Amendment to the North Korean Refugees Protection and Settlement Support Act of the Korean Bar Association
[Financial Litigation]
Participated in various financial disputes arising from major accidents involving big banks (equivalent to $51.5 million) such as settlement of disputes by the Financial Supervisory Service, request for deposit return, claim for damage, claim for confirmation of nonexistence of damages liability, provisional seizure and injunction, etc
Represented major banks and securities companies including bank K, securities company D, securities company K, etc. in various securities and fund-related lawsuits involving the issues related to customer protection obligations on stock investment in accordance with the principle of suitability, improper sales and user liability related to ELS funds, churning, voluntary trading, and recognition of explanatory obligations
Represented an investment trust management company in a lawsuit related to private real estate investment trusts
Represented mutual savings bank P in litigation for damage related to the undertaking in insolvency proceedings
[Corporate Litigation]
Handled various corporate cases related to claims for damage
Participated in litigation related to ownership disputes for invalidation and cancellation of the resolutions of the general shareholders’ meeting and the board of directors’ meeting
Defended various corporate-related criminal cases, including embezzlement and breach of trust by corporate executives and employees
Handled various provisional seizure and injunction cases, such as application for the provisional injunction of electricity supply interruption
[Information Technology Litigation]
Defended an IT distributor in various civil and criminal cases arising from its transit sales under the IT distribution structure
Defended various civil and criminal cases arising from the supply and maintenance of IT network systems
Advised and represented Channel A in the construction project for the HD broadcasting system
Advised and represented the KTF RAC Project
Advised on the Paju U-City System Construction Project
Advised and represented Seoul Metropolitan Rapid Transit Corporation’s SMART Mall Project
Advised and represented Hi Investment & Securities in matters related to the computer equipment system
Advised and represented the Ministry of National Defense in matters related to the construction project for the Knowledge Information
[General Civil, Criminal and Administrative Litigation]
Participated in administrative lawsuits related to claims for an increase or decrease of compensation amounts upon expropriation, cancellation of administrative disposition imposing penalty surcharges in violation of the Act on the Registration of Real Estate under Actual Titleholder’s Name, changes to college recruiting guidelines, and cancellation of administrative disposition of refusal for burial in a national cemetery
Represented construction companies in various lawsuits related to real estate development, construction costs, PF agreements, trust agreements, etc.
Represented an academic institution in a lawsuit related to the disputes over the management and property rights, etc.
Handled environmental litigation related to claim for damage in connection with soil pollution, waste disposal, etc.
Handled fair trade cases in violation of the Disclosure Regulations of Large-Scale Internal Transactions
Handled cases in the entertainment industry related to exclusive contract disputes between celebrities and management companies
[Religious Disputes]
Participated in litigation related to the nullification of church resolutions and various disputes between religious denominations and religious foundations
Participated in diverse disputes over the management and property rights of religious groups
Handled various disputes related to the Graduate School of Theology Council
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学歴
2019-Present University of North Korean Studies, Ph.D
2014-2019 Korea University School of Law, Master of Law in Financial Law
2018 Inter-Korea Economic Cooperation Executive Education Program
2012-2013 UC Berkeley Law School, Visiting Scholar
2007 Judicial Research & Training Institute, Supreme Court of Korea
2005 Sungkyunkwan University College of Law-LL.B
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経歴
2007-Present Lee & Ko
2021-Present Consultant for the Ministry of Unification's Legal Advisory Committee for South-North Economic Cooperation
2021- Present Member of the Inter-Korean Legislative Research Committee of the Ministry of Government Legislation
2021-Present Consultant for the Kaesong Industrial District Foundation
2020-Present the Chairperson of Committee for Studies in Inter Korea Relation Legislative Affairs under of Korean Bar Association's Unification Studies Committee
2020-Present Consultant for Special Committee for South and North Korea Law Studies of the Ministry of Justice
2018-Present Consultant for Kaesong Industrial Complex Legal Consulting Committee of the Ministry of Unification
2018-Present Consultant for Special Committee on Unification Law of the Ministry of Unification
2017-Present Consultant for Promotion Committee on Unification Law of the Seoul Bar Association
2012-Present Member of Unification and North Korean Law Studies
2011-Present Secretary General of Lee&Ko North Korea Advisory Group
2011-2013 Member of Human Rights Commission of Korean Bar Association
2011-2013 Member of Business Commission Unification subcommittee of Korean Bar Association
2009-2013 Member and Secretary General of Commission of Legal Support to the North Korean Refugees
2011-2012 Member of Unification Law Cyber Academy Promotion Committee of Korean Bar Association
2011-2012 Secretary General of Pro Bono Committee of Lee & Ko
2011 Inter-Korea Economic Cooperation Legal Academy
2008-2009 Member of Committee for Amendment of Law for North Korean Refugees of Korean Bar Association
2005-2007 Consultant for the National Unification Advisory Council
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資格/会員
2007 Admitted to the Korean Bar
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言語
Korean and English
受賞実績
2022 Official commendation from the Minister of Unification
2023 recognized as a ‘Leading Individuals’ by Chambers Global and Chambers Asia-Pacific (North Korea - general business law)
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著書/活動
Necessity of Fostering Lawyers for Unification Korea (Korean Bar Association Newsletter No. 346 dated April 4, 2011)
Articles of the Revised Bill on the Protection and Resettlement Support for North Korean Refugees (Co-author, Korean Bar Association, 2010)
Legal Review of North Korea Sanctions for Recommencement of Inter-Korea Economic Cooperation Focusing on Possibility of resuming Kaesong Industrial Region (2018)
North Korea Sanctions and Prospects of Sanctions Alleviation (Co-author, KINU Policy Review 18-03, 2019)
The Korean Peninsula Scenarios (Co-author, Sam & Parkers, 2019)
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