Jong Baek PARK

  • Attorney
  • Partner
  • T. +82-2-3404-0135
  • F. +82-2-3404-7308
  • E. jb.park@bkl.co.kr

Overview

Jong Baek Park mainly advises on blockchain, cryptoasset, compliance obligations relating to open source software, info-communications industry, cross-border/domestic financial transactions, asset management and real estate investment, capital markets, corporate finance, and private fund investment. Mr. Park also provides advisory services for various committees and governmental agencies regarding the finance, national pension and open source related issues.

Mr. Park began his career as lawyer in 1992. With the Chevening Scholarship awarded by the Foreign Commonwealth Office, U.K. in 1999, he studied at the London School of Economics, earning an LL.M. degree (International Financial Law). He worked at the London headquarters and Hong Kong branch of Richards Butler, a UK law firm, for about one year. After returning to Korea, he focused his practice on a wide range of financial and corporate transactions. Starting from 2007, his practice was extended to advising on open-source software licenses and compliance issues. He then became a member of the FSFE and also led the Korea Open Source Software Law Center. Since 2016, while advising on a variety of business models using blockchain technologies and virtual assets, he has not only participated as a speaker or panel member in numerous conferences hosted by FSFE and Linux Foundation on Libra, the Act on Reporting and Use of Specific Financial Transaction Information, and the regulatory sandbox system, but has also actively engaged in the task force to establish a legal system for governing the overall virtual asset industry.

Mr. Park graduated from the Department of Law of Seoul National University and earned an LL.B. from Seoul National University and LL.M. from Seoul National University School of Law. He completed the 18th training course of the Judicial Research and Training Institute. He joined Bae, Kim & Lee LLC in November 2013.

Representative Experience

2013-Present Bae, Kim & Lee LLC
2009-2013 Managing Partner, APEX LLC
2002-2008 Managing Partner, Sewha Park & Goo
2000-2001 Richards Butler, London & Hong Kong Office
1992-1998 Attorney, Aram Law Firm
See More
2021-Present Vice President, Blockchain & Law Society
2020-Present TF Member of the Virtual Industry Act (Hosted by CoinDesk Korea, National Assemblyman Byung-Wook Kim's Office)
2020-Present Member, Global Blockchain Covergence
2019-Present Member, Operating Committee, Busan Blockchain Regulation-Free Zone
2019-Present Chairperson, Planning Academic Committee, Blockchain & Law Society
2016-Present Director, Indian Chamber of Commerce in Korea (ICCK)
2015-2019 Member, Investment Management Committee, Incheon Metropolitan City
2014-2018 Non-Standing Director, National Pension Service
2014 Member, Alternative Investment Committee, National Pension Service
2013-Present Director, Korean Council for International Arbitration
2013-2019 Director, Korea Creative Economy Research Network
2011-2008 Member, Commercial Act Revision Committee, Ministry of Justice
2010-Present Member, Free Software Foundation Europe, European Legal Network
2010-Present Representative, Korea Open Source Software Law Center
2007-2008 Member, Commercial Act Revision Committee, Ministry of Justice
2006-Present Director, Korean Arbitration Association, Korean Commercial Arbitration Board
2005-2006 Member, Foreign Legal Consultant Act Enactment Committee, Ministry of Justice
2004-Present Arbitrator, Korean Commercial Arbitration Board
2003-2015 Advisor, Foreign Investment Promotion Advisory Council, Incheon Metropolitan City
2003-2005 Member, Venture Advisory Club, Korea Venture Business Association
2002-2006 Advisor, KODAQ Market of the Korea Exchange

Representative Matters

Advised Sejong Telecom on its blockchain-based platform for trading beneficiary certificates issued by real estate funds and Busan Blockchain Regulation-Free Special Zone
Advised clients on tax matters and issues under the Act on Reporting and Use of Specific Financial Transaction Information in relatin to Hdac MainNet and Pre-ICO
Advised Hancom on compliance issues concerning its open sources, including Hancom Office
Advised Hashed on its venture investment association for investing in crypto companies
Advised Line on the issuance of LINK, white paper and investors
Advised Sejong Telecom on its blockchain-based platform for trading beneficiary certificates issued by real estate funds and Busan Blockchain Regulation-Free Special Zone
Advised clients on tax matters and issues under the Act on Reporting and Use of Specific Financial Transaction Information in relatin to Hdac MainNet and Pre-ICO
Advised Hancom on compliance issues concerning its open sources, including Hancom Office
Advised Hashed on its venture investment association for investing in crypto companies
Advised Line on the issuance of LINK, white paper and investors
Advised clients on a variety of ICOs and STOs
Advised Hyundai Pay on its efforts to enable its service to be designated as a specially-exempted service for the use in the Busan Blockchain Regulation-Free Special Zone
Advised Line Biz Plus and Kakao on open-source software licenses
Advised Samsung SRA on its fund-of-funds investment in UK-based Aberdeen Asset Management
Advised STIC Investments on its private equity investment in Nedec
Advised the Korea Development Bank and Mirae Asset Daewoo on the issuance of KRW 180 billion Arirang Bonds by China Eastern Airlines, for which the bank was a financial advisor and the financial company was the representative lead manager
Advised clients on their IPO as in the case of, e.g., the listing of IT'S SKIN, for which Daewoo Securities was designated as the lead manager
Advised the Korea Financial Investment Association on how to improve the existing Qualified Institutional Buyer system to promote investments by such institutions
Advised Sequoia Capital on its investment in a Korean Internet company through a Dutch fund
Advised KEB Hana Bank on the sale of its claim on a PF loan taken out under the participation agreement and the issuance of a loan secured on the return of the intermediate payments
Advised Heungkuk Asset Management and Woori Bank on the establishment of a private debt fund
Advised Samsung SRA Asset Management on its investments in Germany-based Bosch's logistics center and US-based Paramount Group's REIT fund
Advised Samsung SRA Asset Management on its investment in Germany-based Silver Tower through a Korean fund
Advised the Korea Development Bank on the issuance of a USD-denominated loan for China-based Ping An international Financial Leasing and the securitization of the loan
Advised LINE Plus on its investment (jointly with Tencent) in the stocks in 433, including its redeemable convertible preferred stocks
Advised the National Pension Service on its investment in foreign alternative investments
Advised China-based Ocean Resources on its listing on KOSDAQ

Education

2000 London School of Economics and Political Science (LL.M.)
1989 Judicial Research and Training Institute, Supreme Court of Korea
1987 Seoul National University (LL.M.)
1985 Seoul National University (LL.B.)

Selected Activities

Publications
Open Source Software License (Communication Books, 2016)
Study on How Countries that Opened Their Legal Markets Manage and Supervise Foreign Legal Advisors (International Legal Affairs Division of Ministry of Justice, 2004)
About Allocation of Profits from the Listing of Life Insurance Company (Law Times, 2004)
About Legal Issues surrounding BTO (Chungbuk Development Institute, 2000)
Awards
The Legal 500 - Leading Lawyer (2023)
Who's Who Legal - Leading Practitioner (2022)

Qualifications

1989 Korea

Awards and Recognition

Awards and Recognition