Financial Audit & Investigation
"Huge pool of talent, which is useful when we come across unfamiliar territory or when we need a good network."
- Chambers & Partners Asia-Pacific
Overview
BKL provides in-depth legal services across all stages, from pre-emptive preparation for inspections and investigations to responses to sanctions by financial supervisory authorities.
Increasing need for proactive measures amid intensified financial inspections and investigations
To strengthen financial consumer protection and prevent misconduct in the market, financial supervisory authorities have recently undertaken rigorous inspections and investigations. In particular, ad-hoc inspections of officers/employees of financial companies for their personal profit-seeking activities, and investigations into illegal short selling by global investment banks demonstrate the authorities' firm stance on addressing unlawful and improper business practices and market-disrupting activities.. To prepare for such actions, it is essential to have legal counsel with an in-depth understanding of various financial regulations and the ability to engage in organic and close communication with financial supervisory authorities. BKL possesses the expertise and experiences to provide preemptive and effective defense strategies and response measures from the initial stages to its resolution.
Provision of tailored services through a dedicated team of specialized professionals, including former supervisory officials
BKL provides tailored services through dedicated teams composed of attorneys specialized in financial regulation and professionals with prior experiences at financial supervisory authorities or related institutions, such as the Financial Services Commission, the Financial Supervisory Service, the Ministry of Economy and Finance and the Korea Exchange.
Our services cover the entire process of inspections and investigations, offering comprehensive legal support including developing proactive response plans for timely action during inspections and investigations, monitoring trends related to inspections and investigations, responding to actual inspections and investigations, preparing opinion letters following inspections and investigations, and responding to actions taken by the Sanctions Deliberation Committee, the Capital Market Investigation Committee, the Securities and Futures Commission, and the Financial Services Commission.
