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Chiyong RIM
Attorney

+82 2-3703-1403

+82 2-737-9091/9092

chiyong.rim@kimchang.com

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Chiyong Rim is an attorney at Kim & Chang. He practices in a wide range of insolvency and restructuring areas, with a focus on corporate liquidation, mergers and acquisitions in reorganization proceedings, and cross-border insolvency cases.


Throughout his career, Mr. Rim has been actively involved in many high-profile reorganization cases relating to debtors in Korean businesses including banking, construction and other sectors. Mr. Rim represents private equity funds, corporate clients, and both foreign and domestic financial institutions on various reorganization proceedings. 


In the Insolvency and Restructuring Practice, Mr. Rim assists clients on a broad range of matters, including providing advice on how to file proofs of claims, how to file a petition for reorganization proceedings, and how to formulate a reorganization plan, as well as assisting foreign creditors solve cross-border insolvency issues. 


Mr. Rim also has extensive experience advising clients on issues relating to personal bankruptcy, corporate liquidation, corporate reorganization and workout proceedings, and has utilized this experience to write books on the topic in Korean and English. He has not only authored much literature but also spoken extensively on such issues in a number of international forums such as the IBA, INSOL and International Insolvency Institute. Chambers & Partners in 2014 praised him by stating that “he was noted among peers for his many years” of experience in the field of restructuring and insolvency and cited him as a veteran bankruptcy lawyer. 


Prior to joining Kim & Chang, Mr. Rim was at Bae, Kim & Lee for seven years. Mr. Rim also worked at Public Fund Management Committee, covering privatization of banks and auditing the management of public funds. Mr. Rim was a chairperson of the Insolvency Law Review Committee of the Department of Justice amending Debtors Rehabilitation and Bankruptcy Act. He also served as a member of Judiciary Personnel Committee and as a member of Rehabilitation and Bankruptcy Committee in the Supreme Court of Korea. 


He has co-authored various publications in English, including “The International Insolvency Review: Korea chapter” (Law Business Research), “Cross-Border Insolvency: Korea chapter” (Globe Law and Business), “Collier’s International Business Insolvency Guide: Korea Chapter” (LexisNexis), "Korean Insolvency System, Norton Annual Survey of Bankruptcy Law 2003” (Thomson West) and “Insolvency Law Reform of Korea: Forum for Asian Insolvency Reform” (OECD). He has published three volumes of “The Study of Bankruptcy Research.” 


In recognition of academic excellence for his article entitled “The Study of Hague Service Convention,” Mr. Rim received “The Best Legal Article Award” by the Korea Legal Center in 2000. He has also been listed as a leading lawyer for restructuring and insolvency law in Legal 500, Chambers and Partners, IFLR 1000, and Who's Who Legal and has been recognized in Chambers Asia Pacific as a ”Band 1” lawyer. He regularly teaches Insolvency Law at the Korean Bar Association, Korea Employer's Federation, Judicial Research Training Institute, Korea Productivity Center and law schools. For his meritorious work as a planning director of the Korean Bar Association, he was awarded a prize by the association. He also received a prize from the Ministry of Justice for his dedication to revising the bankruptcy law in 2016.


Mr. Rim received an LL.M. from Duke University School of Law in 1996, and his LL.B. from the Sungkyunkwan University College of Law in 1983. He attended the Judicial Research and Training Institute of the Supreme Court of Korea in 1983. He is admitted to the Korea bar. He testified as an expert witness in the UK in 2011 and was placed on a secondment to Addleshaw Goddard LLP in London for three months in 2014.

Expertise
Admissions/Qualifications
  • Admitted to bar, Korea, 1984
Education
  • Duke Law School (LL.M., 1996)
    Judicial Research and Training Institute of the Supreme Court of Korea (1984)
    College of Law, Sungkyunkwan University (LL.B., 1983)
Languages
  • Korean, English and Japanese