Sung Jun HONG

  • Attorney
  • Partner
  • T. +82-2-3404-0172
  • F. +82-2-3404-0006
  • E. sungjun.hong@bkl.co.kr

Overview

Sung Jun Hong is a member of the Bankruptcy & Corporate Restructuring Team in Bae, Kim & Lee LLC (BKL). Mr. Hong's practice areas include: corporate and financial litigation; application for bankruptcy and relevant counsel, and litigation related to bankruptcy; civil and criminal suits and admistrative law suits.

Mr. Hong had worked as a judge at Seoul District Court, Seoul Administrative Court, Gangneung Branch of Chuncheon District Court, Seoul Central District Court (Bankruptcy Div.), etc. since appointed as a judge in 1997. He satarted his attorney career at a law firm, Jipyong & Jisung, in 2008 and joined BKL as a partner in April 2011. When serving as a judge in the Bankruptcy Division of Seoul Central District Court, he was responsible for preparing and conducting corporate rehabilitation procedure in accordance with the Debtor Rehabilitation and Bankruptcy Act and successfully handled M&A tasks involving companies in need of reorganization and reorganized companies.

Mr. Hong was one of co-authors of 1st edition of the bankruptcy practice guidebooks published by Seoul Central District Court in 2006, and also wrote many papers on corporate rehabilitation procedure and M&A of the corporation in the rehabilition procedure. He served as a commissioner of the Committee for Insolvency Law Amendment for the Court Administration Office, the Ministry of Justice and the Korea Federation of Banks. Currently, he is serving as a commissioner of Rehabilitation and Bankruptcy Committee of the Court Administration Office, while regularly teaching Insolvency Law at the Judicial Research Training Institute, Training Institute for Court Officials, Korean Bar Association, Seoul Bar Association, Korea Desposit Insurance Corporation and Seoul National University Center for Financial Law. He also serves as chairman of Insolvency Law Institute of Korea and director of Korea Insolvency Law Association. Apart from this, he used to be a commissioner of Delisting Review Committee in the Securities Market organized by the Korea Exchange.

Representative Experience

2011-Present Bae, Kim & Lee LLC
2008-2011 Partner, Jipyong & Jisung
2007-2008 Visiting Scholar, University of California, Berkeley School of Law
2004-2008 Judge, Bankruptcy Division, Seoul Central District Court
2001-2004 Judge, Gangneung Branch of Chuncheon District Court
1999-2001 Judge, Seoul Administrative Court (exclusively in charge of the tax, labor, industrial accident and expropriation)
1997-1999 Judge, Seoul Central District Court (exclusively in charge of the international transactions and trading)
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2020-Present Commissioner, Korea Asset Management Corporation
2020-Present Commissioner, Procedures Advisory Committee, Seoul Bankruptcy Court
2020-Present Chairman, Insolvency Law Institute of Korea
2020-Present Korean Bar Association
2019-Present Auditor, Credit Counseling & Recovery Service
2016-Present Director, Korea Insolvency Law Association
2015-Present Commissioner, Committee of Rehabilitation and Bankruptcy, Supreme Court of Korea
2015 Commissioner, Committee for Insolvency Law Amendment, Ministry of Justice
2011 Commissioner, Committee for Insolvency Law Amendment, Ministry of Justice
2011 Commissioner, Notarization System Improvement TFT, Ministry of Justice
2010-2016 Commissioner, ,Korean Bar Association
2010-2016 Commissioner, ,Ministry of Land, Infrastructure and Transport
2009-2010 Commissioner, Delisting Review Committee, Korea Exchange

Representative Matters

Represented STX Offshore and Shipbuilding in application for commencement of rehabilitation proceedings and advised the company on the rehabilitation proceedings
Represented Daehan Shipbuilding in application for commencement of rehabilitation proceedings and advised the company on the rehabilitation proceedings
Represented Goseong Shipbuilding in an application for commencement of rehabilitation proceedings and the company on the rehabilitation proceedings and on the sale of itself
Advised STX on the sale of STX France
Advised on the purchase of SsangYong Motor Company that was under rehabilitation proceedings
Represented STX Offshore and Shipbuilding in application for commencement of rehabilitation proceedings and advised the company on the rehabilitation proceedings
Represented Daehan Shipbuilding in application for commencement of rehabilitation proceedings and advised the company on the rehabilitation proceedings
Represented Goseong Shipbuilding in an application for commencement of rehabilitation proceedings and the company on the rehabilitation proceedings and on the sale of itself
Advised STX on the sale of STX France
Advised on the purchase of SsangYong Motor Company that was under rehabilitation proceedings
Advised Han Sung Air Lines on application for commencement of rehabilitation proceedings and on M&A prior to the said application
Advised Ssang Yong E&C on rehabilitation proceedings and M&A
Advised Dongbu Construction in rehabilitation process on M&A
Advised BRN Science on application for commencement of rehabilitation proceedings and on M&A prior to the said application
Represented and advised Imgwang E&C and Daewoo Motor Sales and Sambu Construction in their applications for commencement of rehabilitation proceedings
Advised a former shareholder of Knowledge On on purchase of Knowledge On that was under rehabilitation proceedings
Advised Korea Asset Management Corporation on the sale of minority shares in Hyundai Card
Advised Dawoo Metal on M&A prior to approval of rehabilitation proceedings
Represented Sungjee Construction in an application for commencement of rehabilitation proceedings and the company on the rehabilitation proceedings and on the sale of itself
Represented Cho Seon Pharmaceutical & Trading in an application for commencement of rehabilitation proceedings, and advised the company on M&A prior to the approval of rehabilitation proceedings
Represented KMS Pharm, Sangwon IT, and Hanbul Pharm in their re-applications for commencement of rehabilitation proceedings
Represented a local financial institution in an immediate appeal against a decision approving rehabilitation planning of C&Woobang Construction
Advised a local financial institution on a special appeal against the change to the reorganization plan of Nasan Construction
Represented PF lenders in an application for bankruptcy of a real estate project company, and advised on responses to the said application
Advised the Ministry of Knowledge Economy on Chapter 11 procedures with regard to US company General Motors
Advised a Korean company on Japan Airlines' rehabilitation procedures
Advised Korea Asset Management Corporation on purchase of bank recapitalization fund, shipping fund, and savings bank PF loans
Represented KDB and Korea Asset Management Corporation in a suit claiming Daewoo Shipbuilding & Marine Engineering's return of performance bond
Represented a local company in a suit seeking cost sharing public interest claim filed against Daedong Engineering Construction that was under rehabilitation proceedings
Advised numerous financial institutions on rehabilitation proceedings, and represented them in numerous suits for confirmation of claims
Advised on handling of charter chains in regard to a shipping company's insolvency procedure
Advised numerous rehabilitated companies, including Shin Sung Construction and Hyunjin on rehabilitation proceedings, and represented in suits for confirmation of claims
Representing Dong A Tanker in application for commencement of rehabilitation proceedings and advised the company on the rehabilitation proceedings
Represented STX Offshore and Shipbuilding and Goseong Offshore and Shipbuilding in their respective applications for commencement of rehabilitation proceedings and advised them on the rehabilitation proceedings
Advised Sambu Construction on the application for commencement of rehabilitation proceedings and the rehabilitation proceedings, and the sale of its key subsidiaries
Advised STX on the sale of STX France and represented the same in the related arbitration case
Advised Ssang Yong E&C, Dongbu E&C and Goseoung Offshore and Shipbuilding on rehabilitation proceedings and M&A
Represented and advised EMW with respect to application for commencement of P-Plan rehabilitation proceedings

Education

1994 Judicial Research and Training Institute, Supreme Court of Korea
1991 Seoul National University (LL.M.)
1988 Seoul National University (LL.B.)

Selected Activities

Publications
A study on the Avoiding Power of th Trustee after the Closing of Reorganization Case, Civil Case Law Studies Vol. 29, pp. 443-493 (Pakyoungsa, 2007)
Court Practice of Corporate Bankruptcy (Co-author, Pakyoungsa, 2006)
Empirical Study on Rehabilitation Proceeding, Volume I and II (Co-author, Pakyoungsa, 2006)
Empirical Study on Individual's Bankruptcy and Rehabilitation Proceeding (Co-author, Pakyoungsa, 2006)
The Restructuring Review: Korea chapter (Law Business Research, 2010)
Mergers & Acquisitions Practice of Reorganizing Corporations in Korea and Its Ongoing Change, Journal of Korean Law (Seoul National University, 2008)
Company Reorganization or Rehabilitation Procedure Related M&A, BFL Vol. 20 (Seoul National University Center for Financial Law, 2006)
Activity
Lecturer, Judicial Research and Training Institute (2009-2015)
Awards
Chambers Asia-Pacific - Leading Lawyer (2017-2022)
Asialaw - Leading Lawyer (2016-2022)
Who's Who Legal - Leading Practitioner (2019-2022)
Benchmark Litigation Asia-Pacific - Leading Individual (2019-2022)

Qualifications

1994 Korea

Awards and Recognition

Awards and Recognition