Insurance Litigation
Overview
Based on premium income, the domestic insurance industry ranks 7th in the world and is steadily growing compared to other financial institutions such as banks in terms of asset size.
Track Record
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Related Members
Raehyok Kang
Managing Partner
Sangwon Jo
Managing Partner
Wonjung Kim
Senior Advisor
Byounghan Ahn
Planning Attorney
Myungjoo Kang
Attorney
Sunhey Kang
Attorney
Sungrae Kang
Attorney
Jungjae Kang
Attorney
Hyerim Kang
Attorney
Ryujin Ko
Attorney
Hyejung Ko
Attorney
Jaryong Koo
Attorney
Mihyun Kim
Attorney
Sungmin Kim
Attorney
Seongwoo Kim
Attorney
Suhyun Kim
Attorney
Yongdae kim
Attorney
Taeyoung Kim
Attorney
Ujin Noh
Attorney
Hyewon Kim
Attorney
Dongkyun Park
Attorney
Sejun Bak
Attorney
Wooyoung Park
Attorney
Jaewan Park
Attorney
Jongkwan Park
Attorney
Jongchul Park
Attorney
Hyeoncheol Park
Attorney
Kiwon Song
Attorney
Soohyun Song
Attorney
Abyss and
Attorney
Saejoon Ahn
Attorney
Geasung Yang
Attorney
Younghwa Yang
Attorney
Jongyeol Yang
Attorney
kyungjae Yoo
Attorney
Sunjin Yi
Attorney
Sungwoo Lee
Attorney
Seungho Lee
Attorney
Hyunsung Lee
Attorney
Daegyum Jang
Attorney
Youngho Jung
Attorney
Sangyoung Chung
Attorney
Jungkwan Cho
Attorney
Sangmin Han
Attorney
Changwook Han
Attorney
Jongsun Heo
Attorney
Minhye Hwang
Attorney
Related News
한국경제TV뉴스 - [이슈N] Lotte Sonbo 횡포에 화재 피해 기업 `피...
A small manufacturer that suffered a major factory fire earlier this year was restoring operations under a fire insurance policy worth about 10 billion won, when Lotte Insurance notified them of contract cancellation less than a month later and denied liability for the claim, then promptly filed a lawsuit. The company says its main bank, KDB Industrial Bank, pressured them to buy a bancassurance product tied to loans (so-called coercive bundling) and that they did not receive proper explanation or delivery of the policy terms; the bank denies responsibility and regulators say they cannot mediate because the matter is in litigation, while a lawyer called the insurer’s declaratory suit excessive.
8/25/2015
"You can keep your recruiting commission even if you're fired as an agent"
The Seoul Western District Court on appeal held that a dismissed insurance agent is entitled to remaining recruitment commissions and that the insurer’s unilateral recovery claim after dismissal was improper, overturning the first-instance judgment and dismissing the insurer’s recovery claim. The court also treated the fee-payment rules between insurer and agent as a ‘term’ under the Act on the Regulation of Standardized Contracts, creating a significant precedent curbing industry practice and protecting agents’ rights; the case is currently pending before the Supreme Court.
5/12/2013