Yulchon was founded in 1997 by five of Korea’s leading attorneys who were determined to set a new standard of excellence in the practice of law in Korea. Yulchon has grown from a “law village” – the literal meaning of “Yulchon” – to a full-service firm of more than 330 professionals including 60 attorneys licensed to practice in international jurisdictions.
Despite its rapid growth, Yulchon has maintained an unwavering commitment to provide our clients with the highest quality of corporate legal service as promptly and as accurately as possible.
Our lawyers continuously strive to provide exceptional legal services with a level of creativity and commitment that exceeds your expectations. As a result, we are recognized as one of the most highly-regarded law firms in Korea; ranking first around similarly-sized law firms as the outside counsel of choice for Korea’s 30 largest business groups, according to a recent survey by the influential Chosun Daily. Yulchon also enjoys growing international reputation, and was recognized by Chambers Global as “one of the most respected and reliable practices in Korea.”
There is no dispute that effective management of labor and employment-related issues is crucial to the success of a company. However, companies often try to resolve such issues based on past experience, or customs or practices that may not be proper or applicable to the issues at hand. Such attempt may not only negatively affect the labor-management relationship of the company, but it also has the potential to damage the reputation of the company and result in significant monetary loss.
To avoid such unexpected consequences, it is necessary to seek legal counsel from professional and reliable experts. Yulchon’s HR Team, consisting of approximately 25 professionals, has advised numerous companies including Fortune 500 on various labor and employment-related issues. We are committed to providing the most effective advice and representation on issues relating to labor and employment, and our priority is to provide practical solutions to help clients to minimize legal risks and disputes. We regularly conduct various labor and employment-related due diligence on all manner of corporate projects. We pride ourselves on our experience representing clients involved in complicated negotiations with labor unions, labor disputes, and human resources-related litigation, including our advocacy work before the Korean courts, labor committees and Labor Office.
Our labor and employment work includes:
- Draft, review and advise on employment agreements, independent contractor and service agreements,
- confidentiality and non-competition agreements, and sports and entertainment agreements.
- Draft, review and advise on various internal policies of a company, including the work rules, code of conduct, and personnel policies in relation to sexual harassment and confidentiality.
Compensation and Benefits
- Advise on calculation and payment of allowances
- Advise on compliance with legal requirements for overtime, holidays, annual leave and work hours
- Advise on severance payment and planning and implementation of retirement pension system
- Advise on payments of various incentives and grant of stock options
- Advise on various other benefits, including, among others, statutory social insurances and remuneration of officers and directors
Kyu Sok Cho
- Korean -
Mr. Kyu Sok Cho is a Partner at Yulchon practicing primarily in the area of litigation. Before joining Yulchon, Mr. Cho served as a judge in the Seoul Central District Court, the Seoul District Court, Southern Branch, the Incheon District Court and the Seoul High Court until 2010. Mr. Cho’s experience also includes working at Kim & Chang where he handled general civil disputes, criminal matters, labor/employment disputes for about 5 years.
Ius Laboris is a global Alliance of leading employment, labour and pension law firms that provide companies employing an international workforce with first-class legal advice and support on all human resources issues.
We are passionate about all aspects of human resources law. From Mobility to Discrimination, and from Restructuring to Pensions, our local experts around the world provide deep market knowledge, wherever they are based.
We understand the challenges of managing an international workforce because that is our single focus. With over 1,400 employment lawyers in more than 160 cities worldwide, we always bring a genuinely cross-border perspective.
Ius Laboris firms have a distinctive global way of thinking, and with our trained team of project managers on hand to coordinate our offering around the world, we deliver a seamless integrated service to suit your requirements, wherever you need us.
Ours is a passionate, entrepreneurial and collaborative global community. Our culture of friendship and specialisation enables us to navigate all aspects of employing a workforce across borders with ease
Finally, and most importantly, we are all committed to excellence. With more ranked HR lawyers than our nearest rival (source Chambers Global Guide 2015), in more jurisdictions (source Legal 500, July 2015), Ius Laboris brings together more leading law firms than any other HR legal services organisation. That’s something we’re extremely proud of.