Sangyong Park is an attorney at Kim & Chang in the banking, derivatives, banking & finance litigation, and international trade & customs practices. His practice primarily focuses on finance and international trade including banking and foreign exchange regulations, capital market and derivative transactions and disputes and litigations related to finance, foreign exchange and customs.
Since joining the firm, Mr. Park has acquired extensive experience advising many Korean and foreign financial institutions on banking regulations and licenses. For example, he advised on establishing an internal system for the Volcker Rule for domestic banks and financial holding companies for the first time in Korea and represented various financial institutions and companies in relation to banking regulations as well as capital market and derivative transactions. Especially, he successfully represented a consortium for an acquisition of approval for Korea’s first internet-only banks. He has recently become distinguished in anti-money laundery and finance IT regulations.
In addition, Mr. Park is known for his specialty in complex financial derivative litigation and disputes. He has successfully represented major domestic and global banks in one of the Korea’s largest lawsuits regarding FX derivatives (known as “KIKO Litigation”) and other related criminal cases. He has also successfully defended many criminal cases of customs and foreign exchange issues of multinational companies.
Mr. Park is actively involved in advising the Korean government in relation to the introduction of finance regulations. He advised the Ministry of Strategy and Finance on revising tax laws and other regulations to accommodate Islamic Debt Instruments known as Sukuk in the Korean legal system. Also, he was a member of a task force team at the Financial Services Commission to help introduce a resolution and recovery plan. In addition to his experience in Korea, Mr. Park was a visiting attorney at Linklaters’ Hong Kong office in 2011 and 2012.
From 2012 to 2015, he was a lecturer at the Korea Institute of Financial Investment and the Korea Banking Institute. He also co-authored LAWnB’s online commentary for foreign exchange transaction law.
Mr. Park received his LL.B. from Seoul National University in 1998 and his LL.M. from University of San Diego, School of Law in 2011. He graduated from Judicial Research Training Institute in 2002 and was admitted to the Korean bar in 2002.
