Kwangjoong Kim, as the Head of the Financial Investment Litigation Team of ClassHankyul, is primarily in charge of conducting lawsuits seeking compensation for damages suffered by stock investors due to stock manipulation, accounting fraud, poor audit, etc.; conducting lawsuits seeking compensation for damages and return of investment funds for investors in derivatives such as futures and options, ELS, and DLS, corporate bills, corporate bonds, funds, etc.; providing advice and conducting lawsuits related to the exercise of rights by minority shareholders; providing advice and conducting lawsuits related to management right disputes; providing advice and conducting lawsuits related to compensation for business losses due to land expropriation; and conducting lawsuits related to media reports.
Also, he made efforts to improve the system that caused harm to investors, and in 2023, he achieved an amendment to the Act on External Audit of Stock Companies which had been pursued for 10 years. He actively participates in the establishment of organizations to improve irrational systems, such as the Korean Corporate Governance Forum, and also engages in activities to create a better society, such as providing legal advice to social organizations including the Purme Foundation
Overview
Experience
- 2004 Passed 46th Korean Bar Examination
- 2007 Judicial Research and Training Institute (36th Class)
- 2007 ~ 2017 Advisor, Research Institute of the Differently Abled Person’s Right in Korea
- 2007 ~ 2014 Legal Advisor to “PD’s Notebook” and “Newsdesk” of Munwha Broadcasting Corporation (MBC)
- 2009 ~ 2014 Advisor, Korea Association for the Hearing-Impaired
- 2014 ~ Present Legal Advisor, National Pension Service Investment Management
- 2019 ~ Present Legal Advisor, Purme Foundation
- 2019 ~ Present Auditor, Korean Corporate Governance Forum
- 2019 ~ Present Specialized Writer, Aju Press
- 2020 ~ Present Member for Legal Interpretation and Deliberation, Financial Services Commission
- 2023 ~ Present Standing Operating Member, Great Transformation Forum
- 2024 ~ Present Director, Purme Foundation NEXON Children’s Rehabilitation Hospital
- 2024 ~ Present Director, General HongBumDo Memorial Society
- Present Head of Financial Investment Litigation Team / Partner Attorney at Law, ClassHankyul
Education
- 1995 Yeongju Choongang High School
- 2004 Yonsei University, College of Law (LL.B.)
- 2009 Completed the training course at Securities Finance Training Institute
- 2024 Yonsei University Graduate School of Law, Master of Finance Law (Summa Cum Laude)
- 2024 Yonsei University Graduate School of Economics, Major in Finance Engineering
Representative Matters
Lawsuits for damages related to accounting fraud, poor audit, and false disclosure
- Compensation for damages for investors in Daewoo Shipbuilding bonds (represented 14 institutional investors)
- Compensation for damages for investors in Daewoo Shipbuilding shares (represented individuals and 7 institutional investors)
- Compensation for damages related to accounting fraud and poor audit by Taihan Cable & Solution
- False disclosure by Osstem Implant (represented institutional investors)
- Compensation for damages related to false disclosure of Inbosa by Kolon TissueGene and Kolon Life Science
- Compensation for damages related to accounting fraud by Samsung Biologics
- National reparation related to merger of Samsung C&T and Cheil Industries
- Accounting fraud and poor audit by Haewon ST
- Accounting fraud and poor audit by Hansol Shintek (represented 3 major pensions and 4 asset management companies)
- Accounting fraud and poor audit by Wooyang HC
- Compensation for damages related to accounting fraud and poor audit by AJS
- Accounting fraud by EXA E&C
- Accounting fraud by Kookje Construction
- Accounting fraud by Cecile
- Accounting fraud and poor audit by TOZAI Holdings
- Accounting fraud and poor audit by MCTT Core
- Accounting fraud and poor audit by Daeyang Global
- Accounting fraud and poor audit by JHCOS
- Accounting fraud and poor audit by DH Fashion
- Accounting fraud and poor audit by UI Energy
- Compensation for damages related to false description of the prospectus for China Gaoxian Fibre Fabric Holdings
Lawsuits for damages related to stock manipulation
- Compensation for damages related to stock manipulation by CL International
- Criminal charge against BioVIll for stock manipulation
- Stock manipulation by H&T
- Stock manipulation by EXA E&C
- Stock manipulation by Gloworks
- Stock manipulation by KDC
Lawsuits related to the exercise of rights by minority shareholders
- Claim for dissolution order, injunction on shareholder registry, and derivative suit against Korea Lottery
- Derivative suit against Sewontech
- Derivative suit against Taelim Packaging
- Derivative suit against SHANY
- Claim for perusal and mimeographing of shareholder registry of Alteogen
- Injunction against SK Telink prohibiting the issuance of new shares
- Injunction against ATLASBX prohibiting the resolution of the general meeting of shareholders
- Responding to Financial Supervisory Service’s calculation of merger ratio for Samkwang Glass, injunction for perusal and mimeographing of account books
- Injunction against UI Energy to suspend performance of duties, claim for convocation of an extraordinary shareholders’ meeting
- Corporate acquisition by minority shareholders of Araon Tech
- Lawsuit related to invalidation of capital reduction of Douzone Das
- Injunction against Millinet for perusal and mimeographing of account books, claim for convocation of an extraordinary shareholders’ meeting
- Cancellation of the resolution of the general meeting of shareholders of ATIS, injunction to suspend performance of duties
- Injunction against HI Investment & Securities prohibiting the issuance of new shares
Cases on determination of stock purchase prices related to minority shareholders and responding to ousting of minority shareholders
- Determination of stock purchase prices for Tailim Paper
- Lawsuit for damages by the minority shareholders of Saint-Gobain Korea ousted from stock consolidation
- Determination of stock purchase prices for a Japanese semiconductor equipment company
- Determination of stock purchase prices for POSCO ESM
- Determination of stock purchase prices for ATLASBX
- Claim for sale of stock, determination of stock purchase prices for MPARK Holdings
- Claim for sale of stock, determination of stock purchase prices for Insunet
- Determination of stock purchase prices related to merger of Hanil Synthetic Fiber
- Determination of stock purchase prices related to merger of Secron, a subsidiary of Samsung Electronics
- Determination of stock purchase prices for shareholders objecting to merger of Chungju MBC
- Determination of stock purchase prices for Sports Toto
- Claim for sale of stock for J Savings Bank
Lawsuits for damages related to wrongful and illegal acts of financial institutions, etc.
- Compensation for damages related to the wrongful counter-trade of Nikkei225 options
- Cancellation of contracts related to Optimus funds and compensation for damages (professional investors)
- Cancellation of contracts related to NDIS funds of Australia and compensation for damages (representing institutional investors)
- Compensation for damages related to defects of the prospectus on a Russian fund
- Compensation for damages related to KOSPI200 options of Korea Investment & Securities
- Compensation for damages related to mis-selling of certain money trusts of Korea Investment & Securities
- Lawsuit for damages related to H Securities’ loss of investment in DRW Hotel located in Las Vegas
- Advice on compensation for damages related to wrongful roll-over of the crude oil ETF of Samsung Asset Management
- Advice on compensation for damages related to entrustment-type wrap account
- Compensation for damages related to mis-selling of DLS of Korea Investment & Securities
- Dispute related to stock options of Leadis Technology (NASDAQ-listed company)
- Compensation for damages related to mis-selling by Dongbu Securities
- Compensation for damages related to entrusted selling by Daishin Securities
Lawsuits related to media
- Injunction to close the website on Coupang
- Lawsuit claiming correction of reports on Ministry of Justice
- Lawsuit claiming correction of reports on Ministry of National Defense
- Libel lawsuit between a broadcaster and a political party
- Lawsuit claiming correction of reports between a broadcaster and a daily newspaper company
- Lawsuit between a broadcaster and a daily newspaper company relating to injunction prohibiting broadcasting
- Lawsuit claiming correction of reports between a broadcaster and a member of the National Assembly
- Lawsuit for damages between a broadcaster and a bank
- Lawsuit claiming correction of reports between a broadcaster and a religious group
- Lawsuit claiming correction of reports between a broadcaster and Ministry of Environment
- Injunction prohibiting broadcasting between a broadcaster and Ministry of Land, Transportation, and Maritime Affairs
- Injunction prohibiting broadcasting between a broadcaster and a university foundation
- Lawsuit claiming correction of reports between a broadcaster and National Police Agency
- Lawsuit claiming correction of reports between a broadcaster and a national policy research institution
Lawsuits related to expropriation and compensation for loss for companies
- Lawsuit related to compensation for loss between Y Power Tech and Korea Land & Housing Corporation
- Lawsuit related to compensation for loss between K Tech and Korea Land & Housing Corporation
- Lawsuit related to compensation for loss between K Company and Korea Expressway Corporation
- Lawsuit related to compensation for loss between Y Tech and Korea Expressway Corporation
- Lawsuit related to compensation for loss between D Company and Sejong-si
- Compensation for damages for investors in Daewoo Shipbuilding bonds (represented 14 institutional investors)
- Compensation for damages for investors in Daewoo Shipbuilding shares (represented individuals and 7 institutional investors)
- Compensation for damages related to accounting fraud and poor audit by Taihan Cable & Solution
- False disclosure by Osstem Implant (represented institutional investors)
- Compensation for damages related to false disclosure of Inbosa by Kolon TissueGene and Kolon Life Science
- Compensation for damages related to accounting fraud by Samsung Biologics
- National reparation related to merger of Samsung C&T and Cheil Industries
- Accounting fraud and poor audit by Haewon ST
- Accounting fraud and poor audit by Hansol Shintek (represented 3 major pensions and 4 asset management companies)
- Accounting fraud and poor audit by Wooyang HC
- Compensation for damages related to accounting fraud and poor audit by AJS
- Accounting fraud by EXA E&C
- Accounting fraud by Kookje Construction
- Accounting fraud by Cecile
- Accounting fraud and poor audit by TOZAI Holdings
- Accounting fraud and poor audit by MCTT Core
- Accounting fraud and poor audit by Daeyang Global
- Accounting fraud and poor audit by JHCOS
- Accounting fraud and poor audit by DH Fashion
- Accounting fraud and poor audit by UI Energy
- Compensation for damages related to false description of the prospectus for China Gaoxian Fibre Fabric Holdings
Lawsuits for damages related to stock manipulation
- Compensation for damages related to stock manipulation by CL International
- Criminal charge against BioVIll for stock manipulation
- Stock manipulation by H&T
- Stock manipulation by EXA E&C
- Stock manipulation by Gloworks
- Stock manipulation by KDC
Lawsuits related to the exercise of rights by minority shareholders
- Claim for dissolution order, injunction on shareholder registry, and derivative suit against Korea Lottery
- Derivative suit against Sewontech
- Derivative suit against Taelim Packaging
- Derivative suit against SHANY
- Claim for perusal and mimeographing of shareholder registry of Alteogen
- Injunction against SK Telink prohibiting the issuance of new shares
- Injunction against ATLASBX prohibiting the resolution of the general meeting of shareholders
- Responding to Financial Supervisory Service’s calculation of merger ratio for Samkwang Glass, injunction for perusal and mimeographing of account books
- Injunction against UI Energy to suspend performance of duties, claim for convocation of an extraordinary shareholders’ meeting
- Corporate acquisition by minority shareholders of Araon Tech
- Lawsuit related to invalidation of capital reduction of Douzone Das
- Injunction against Millinet for perusal and mimeographing of account books, claim for convocation of an extraordinary shareholders’ meeting
- Cancellation of the resolution of the general meeting of shareholders of ATIS, injunction to suspend performance of duties
- Injunction against HI Investment & Securities prohibiting the issuance of new shares
Cases on determination of stock purchase prices related to minority shareholders and responding to ousting of minority shareholders
- Determination of stock purchase prices for Tailim Paper
- Lawsuit for damages by the minority shareholders of Saint-Gobain Korea ousted from stock consolidation
- Determination of stock purchase prices for a Japanese semiconductor equipment company
- Determination of stock purchase prices for POSCO ESM
- Determination of stock purchase prices for ATLASBX
- Claim for sale of stock, determination of stock purchase prices for MPARK Holdings
- Claim for sale of stock, determination of stock purchase prices for Insunet
- Determination of stock purchase prices related to merger of Hanil Synthetic Fiber
- Determination of stock purchase prices related to merger of Secron, a subsidiary of Samsung Electronics
- Determination of stock purchase prices for shareholders objecting to merger of Chungju MBC
- Determination of stock purchase prices for Sports Toto
- Claim for sale of stock for J Savings Bank
Lawsuits for damages related to wrongful and illegal acts of financial institutions, etc.
- Compensation for damages related to the wrongful counter-trade of Nikkei225 options
- Cancellation of contracts related to Optimus funds and compensation for damages (professional investors)
- Cancellation of contracts related to NDIS funds of Australia and compensation for damages (representing institutional investors)
- Compensation for damages related to defects of the prospectus on a Russian fund
- Compensation for damages related to KOSPI200 options of Korea Investment & Securities
- Compensation for damages related to mis-selling of certain money trusts of Korea Investment & Securities
- Lawsuit for damages related to H Securities’ loss of investment in DRW Hotel located in Las Vegas
- Advice on compensation for damages related to wrongful roll-over of the crude oil ETF of Samsung Asset Management
- Advice on compensation for damages related to entrustment-type wrap account
- Compensation for damages related to mis-selling of DLS of Korea Investment & Securities
- Dispute related to stock options of Leadis Technology (NASDAQ-listed company)
- Compensation for damages related to mis-selling by Dongbu Securities
- Compensation for damages related to entrusted selling by Daishin Securities
Lawsuits related to media
- Injunction to close the website on Coupang
- Lawsuit claiming correction of reports on Ministry of Justice
- Lawsuit claiming correction of reports on Ministry of National Defense
- Libel lawsuit between a broadcaster and a political party
- Lawsuit claiming correction of reports between a broadcaster and a daily newspaper company
- Lawsuit between a broadcaster and a daily newspaper company relating to injunction prohibiting broadcasting
- Lawsuit claiming correction of reports between a broadcaster and a member of the National Assembly
- Lawsuit for damages between a broadcaster and a bank
- Lawsuit claiming correction of reports between a broadcaster and a religious group
- Lawsuit claiming correction of reports between a broadcaster and Ministry of Environment
- Injunction prohibiting broadcasting between a broadcaster and Ministry of Land, Transportation, and Maritime Affairs
- Injunction prohibiting broadcasting between a broadcaster and a university foundation
- Lawsuit claiming correction of reports between a broadcaster and National Police Agency
- Lawsuit claiming correction of reports between a broadcaster and a national policy research institution
Lawsuits related to expropriation and compensation for loss for companies
- Lawsuit related to compensation for loss between Y Power Tech and Korea Land & Housing Corporation
- Lawsuit related to compensation for loss between K Tech and Korea Land & Housing Corporation
- Lawsuit related to compensation for loss between K Company and Korea Expressway Corporation
- Lawsuit related to compensation for loss between Y Tech and Korea Expressway Corporation
- Lawsuit related to compensation for loss between D Company and Sejong-si
Kwangjoong Kim
Attorney at Law
T. +82-2-3458-0956
F. +82-2-557-5582
E. kjkim@classhklaw.com