YOON&YANG
Song Ryu Partner
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  • TEL 82 2 6003 7530
  • FAX 82 2 6003 7026
  • E-MAIL
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)

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