YOON&YANG

Yang Jin Park Partner

TEL 82 2 6182 8506
FAX 82 2 6003 7033
E-MAIL parkyj@hwawoo.com

Yang Jin Park is a partner at Yoon & Yang LLC and his practice area is antitrust and competition.
Mr. Park has achieved remarkable results in major global and domestic cases regarding cartels and internal trading, obtaining decisions of acquittal, or revocation or minimization of dispositions for his clients. Mr. Park represents leading companies in reporting large-scale business combination, etc., and provides legal advice for various stakeholders. He also advises major companies on compliance issues, and, based on his in-depth understanding of econometrics, he successfully handles lawsuits seeking damage compensation in relation to breach of the Monopoly Regulation and Fair Trade Act.

Experience

2011-present Yoon & Yang LLC
2019-present Outside Director, C&C International Co., Ltd.
2017-present Lecturer, Korea Productivity Center and Fair Competition Federation

Education

2017 Vanderbilt Law School, LL.M.
2015 Seoul National University, Professional Legal Research Course for Fair Trade and Growth of Korean Economy (coursework completed)
2013 Fair Competition Federation, Fair Trade Law Course (coursework completed)
2011 Judicial Research and Training Institute
2009 Seoul National University, B.A. in Business Administration

Representative Matters

[Report and Review of Business Combination]

Handled review of business combination upon UAMCO’s acquisition of STX Offshore & Shipbuilding
Handled review of business combination upon acquisition of Hanjin Heavy Industries & Construction by Dongbu Corporation Consortium
Handled review of business combination upon acquisition of NC Chem and CT Chemical by Samyang Holdings
Handled review of business combination upon acquisition of Munpia by Naver Webtoon-Premier Partners Consortium
Handled review of business combination upon establishment of JV of SK E&S and Plug Power for production of hydrogen facilities
Represented a stakeholder in business combination upon acquisition of Woowa Brothers (Baemin) by Delivery Hero (Yogiyo)
Handled review of business combination upon United Technologies Corporation’s merger with Raytheon Company and acquisition of Rockwell Collins
Handled review of business combination upon acquisition of ORMON by Nidec Corporation
Handled review of business combination upon NHN Entertainment’s acquisition of Tmon Plus, Korea Cyber Payment, and PNP Secure, etc.
Handled review of business combination upon establishment of an entity for production and sales of group energy
Handled review of business combination upon acquisition of RealNetworks video codec patent by the world’s largest semiconductor chip manufacturer
Handled review of business combination upon acquisition of InterDigital wireless communications patent by the world’s largest semiconductor chip manufacturer

[Cartels and Damages Claims]

Represented Hankook Steel & Mill in the case involving sales price cartel of seven steel makers (acquitted)
Represented Hanwha General Insurance in general aviation insurance cartel of insurance companies (acquitted)
Represented the Incheon International Airport Corporation in the cartel case involving the Incheon International Airport Corporation and duty free shops (acquitted)
Represented a domestic company in the case of bid-rigging by autopart manufacturers
Represented MAN Truck & Bus Korea in the case of cartel of large cargo trucks (KFTC’s dispositions cancelled)
Represented construction companies in a number of bid-rigging cases in relation to Daegu Urban Railroad, Hodan Highspeed Railroad, LNG storage tanks and subway construction, etc.
Represented clients in a number of cartel cases, e.g. for power line, cable for nuclear power and submarines, etc.

[Unfair Support / Provision of Improper Benefits]

Handled the Korea Fair Trade Commission (KFTC) investigation of Hanjin Group’s internal trading
Handled the KFTC investigation of LS Group’s internal trading
Handled the KFTC investigation of SPC Group’s internal trading
Handled the KFTC investigation of Hanwha Group’s internal trading
Advised domestic department store groups and battery manufacturer groups, etc. on internal trading compliance

[Subcontracting and Unfair Trade Practices, etc.]

Handled the case involving unfair trade practices (abuse of transactional dominance) by the largest bank in Korea
Handled the cases involving breach of the Fair Transactions in Subcontracting Act (e.g. failure to issue documents, failure to make advance payment, improper cancellation of consignment, improper determination of prices, unfair price reduction, theft of technologies, etc.) by manufacturers or constructors
Advised Hanwha Group and Doosan Group, etc. on compliance with the Fair Transactions in Subcontracting Act

Publications

Korea’s Recent Enforcement Trends of Cartel Law, Competition Policy International (Co-author, 2016)
Merger Control in South Korea: overview, Thomson Reuter’s Practical Law Global Guide: Competition (Co-author, 2018~2021)
South Korea Chapter, Getting The Deal Through: Cartel Regulation (Co-author, 2021, 2022)