YOON&YANG

Song Ryu Partner

TEL 82 2 6003 7530
FAX 82 2 6003 7026
E-MAIL sryu@yoonyang.com

Song Ryu is a partner at Yoon & Yang LLC, and his main practice areas include antitrust & competition, broadcasting, information & communications.
Mr. Ryu has handled various antitrust law cases brought to the Korea Fair Trade Commission (KFTC) and courts, including major cases in connection with domestic and overseas cartels, restrictions on large-scale enterprises concerning business combination, and unfair trade practices. Following the KFTC’s cartel-related sanction, he has represented and advised companies on domestic and overseas damages claims filed by purchasers.

Experience

2007-present Yoon & Yang LLC
2020-present Member of Steering Committee, Asia Pacific Competition Community (APCC)
2011 Law Clerk, Ropes & Gray LLP, New York
2005-2006 Business Legal Affairs, SK Corporation

Education

2011 Boston University School of Law, LL.M.
2008 Seoul National University, Professional Legal Research Course
2002 Hanyang University College of Law, LL.B.

Representative Matters

[M&A and Business Combination]

Handled business combination review for United Technologies Corporation’s merger with Raytheon Company and acquisition of Rockwell Collins
Handled business combination review for Faurecia Exhaust International’s acquisition of shares in Symbio, a hydrogen fuel cell manufacturer (subsidiary of Manufacture Francaise des Pneumatiques Michelin)
Handled business combination review for establishment of JV for cybersecurity business between Raytheon Technologies Corporation and Saudi Aramco
Handled business combination review for establishment of JV between ALD and Mitsubishi UFJ Lease & Finance
Handled business combination review for Tyson Food’s acquisition of Keystone Food
Handled business combination review for Hoya Corporation’s acquisition of Performance Optics, Vision Ease and Daemyung Optical
Handled business combination review for a mobile carrier’s acquisition of a cable TV company
Handled business combination review for Oriental Brewery’s acquisition of Hand & Malt (domestic craft beer maker)
Handled business combination review of United Technologies Corporation’s acquisition of Goodrich Corp.
Handled business combination review for Cathay Pacific Airways’ acquisition of shares in Air China’s cargo business

[Cartels and Damages Claims]

Represented a steel maker in the cartel case involving seven steel makers (acquitted)
Represented a property insurance company in the cartel case involving general airline insurances (acquitted)
Represented four clients in the bid-rigging case involving the bid invited by the Public Procurement Service for annual unit prices of asphalt concrete (acquitted)
Represented a Korean subsidiary of multinational machinery components manufacturer in the case of bid-rigging for conveyor belts (exempted from penalty surcharge and prosecution)
Represented German and Japanese companies in a case of bid-rigging by autoparts manufacturers
Represented a German company in the case of cartel for the price of large cargo vehicles (KFTC’s disposition revoked)
Represented Ottogi in the case of cartel for the price of instant noodle (KFTC’s disposition revoked)
Represented Otis Elevator in the case of bid-rigging by elevator manufacturers
Represented a foreign airline in the case of cartel for the price of international air freight
Represented construction companies in the case of bid-rigging for the four river project, Honam high-speed railway project and subway construction project, etc.
Handled the KFTC investigation and relevant damages claims regarding the cartel for LPG/diesel prices

[Unfair Support Practices in Internal Trading]

Handled KFTC investigations, deliberations or administrative litigations, etc. on unfair internal trading of corporate groups
Advised conglomerates on internal trading compliance
Represented five power generation companies (including Korea South-East Power Co.) in an administrative litigation on unfair support practices (KFTC’s disposition revoked)

[Unfair Trade Practices and Violation of Subcontracting Laws, etc.]

Represented construction companies in the case on breach of the Fair Transactions in Subcontracting Act (unfair price reduction, unfair consignment cancellation and unfair payment determination, etc.)
Represented shipbuilders in the case on breach of the Fair Transactions in Subcontracting Act (unfair price reduction, etc.)
Handled the KFTC investigation, deliberation (acquitted) and damages litigation regarding a client’s breach of the Fair Transactions in Subcontracting Act
Handled the case involving breach of the Fair Transactions in Subcontracting Act by a heavy equipment manufacturer (unfair price reduction, technology theft)
Handled the case on abuse of transactional dominance by a domestic mobile carrier

Awards

Notable Practitioner, Competition/antitrust, asialaw (2020-2023)
Next Generation Partners, Antitrust and Competition, Legal500 Asia-Pacific (2019-2022)
Future Star, Competition/antitrust, Benchmark Litigation Asia-Pacific (2019-2022)
National Leader, Competition, Who's Who Legal (2020-2022)

Publications

Chambers and Partners’ Global Practice Guide – Merger Control: South Korea Section, Chambers and Partners (Co-author, 2019-2021)
Thomson Reuters’ Practical Law Global Guide, Competition and Cartel Leniency/Merger Control/ Restraints of Trade and Dominance: South Korea Chapter, Thomson Reuters (Co-author, 2018-2021)
LexisPSL Practice Note on Competition (International Cartel Enforcement & Merger Control): South Korea Section, LexisNexis UK (Co-author, 2012-2018)
Annual Report on Korea-China IP/Competition Law: Cartel, MRLC (Co-author, 2014-2016)
Review and Implications of Domestic Cases on Information Exchange among Competitors, Competition and Law Vol. 6 (2016)
Know-How Private Antitrust Litigation, Korea - Global Competition Review (Co-author, 2014, 2015, 2016)
South Korea: Cartels and its Aftermath, The American Lawyer (2014)
“Korean Antitrust Regulations,” South Korea Chapter, The Guide to Competition and Antitrust, International Financial Law Review (Co-author, 2010)
Corporate Merger Regulation under the Korean Antitrust Law, Mergers & Acquisitions Review (Co-author, 2009)