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Hyung Sub Lim is a partner in Lee & Ko’s Litigation & Arbitration Group and North Korea Advisory Group. Since joining our firm in 2007, Mr. Lim has accumulated extensive experience and expertise in counseling and representing clients in a wide range of matters in complex commercial and corporate litigation, North Korea-related issues, and inter-Korean economic cooperation. Mr. Lim’s legal practice focuses on complex commercial and corporate litigation, with emphasis on the following areas: administrative litigation, IT litigation, real estate, criminal defense, fair trade, religious disputes, the law of North Korea, international sanctions on North Korea, and inter-Korean economic cooperation.

Currently, Mr. Lim serves as an executive lead member of Lee & Ko’s North Korea Advisory Group and a member of different commissions, including the Kaesong Industrial Complex Legal Advisory Committee and the Committee on Unification Legislative System of the Ministry of Unification, the Special Committee on Research of South and North Korean Laws of the Ministry of Justice, the Unification Legislative Affairs Committee of the Korean Bar Association, and the Special Committee on Unification Legislative System of the Seoul Bar Association, where he exerts his expertise while providing policy research services for matters related to economic exchange and cooperation between the two Koreas and international sanctions on North Korea to the Ministry of Unification, the Ministry of Foreign Affairs, and the Ministry of Justice.


Representative Cases
[North Korea and Unification Legislation]
Implemented policy research tasks related to inter-Korean economic cooperation and international sanctions against North Korea for the competent authorities, including the Ministry of Unification, the Ministry of Foreign Affairs, and the Ministry of Justice
Advised the Ministry of Unification on U.N. and U.S. sanctions against North Korea in connection with inter-Korean economic cooperation
Advised the Ministry of Unification on follow-up measures for the implementation of the Panmunjom Declaration
Advised KBS and other media organizations on cultural exchange between the two Koreas
Advised on the establishment of a joint venture company in Mt. Geumgang International Tourist Zone
Advised the Ministry of Unification on matters related to the North Korean Refugees Protection and Settlement Support Act
Implemented policy research tasks for the Ministry of Unification, such as research of negotiation methods in the field of trademark and patent rights
Participated as a member of the Research Committee on Amendment to the North Korean Refugees Protection and Settlement Support Act of the Korean Bar Association
[Financial Litigation]
Participated in various financial disputes arising from major accidents involving big banks (equivalent to $51.5 million) such as settlement of disputes by the Financial Supervisory Service, request for deposit return, claim for damage, claim for confirmation of nonexistence of damages liability, provisional seizure and injunction, etc
Represented major banks and securities companies including bank K, securities company D, securities company K, etc. in various securities and fund-related lawsuits involving the issues related to customer protection obligations on stock investment in accordance with the principle of suitability, improper sales and user liability related to ELS funds, churning, voluntary trading, and recognition of explanatory obligations
Represented an investment trust management company in a lawsuit related to private real estate investment trusts
Represented mutual savings bank P in litigation for damage related to the undertaking in insolvency proceedings
[Corporate Litigation]
Handled various corporate cases related to claims for damage
Participated in litigation related to ownership disputes for invalidation and cancellation of the resolutions of the general shareholders’ meeting and the board of directors’ meeting
Defended various corporate-related criminal cases, including embezzlement and breach of trust by corporate executives and employees
Handled various provisional seizure and injunction cases, such as application for the provisional injunction of electricity supply interruption
[Information Technology Litigation]
Defended an IT distributor in various civil and criminal cases arising from its transit sales under the IT distribution structure
Defended various civil and criminal cases arising from the supply and maintenance of IT network systems
Advised and represented Channel A in the construction project for the HD broadcasting system
Advised and represented the KTF RAC Project
Advised on the Paju U-City System Construction Project
Advised and represented Seoul Metropolitan Rapid Transit Corporation’s SMART Mall Project
Advised and represented Hi Investment & Securities in matters related to the computer equipment system
Advised and represented the Ministry of National Defense in matters related to the construction project for the Knowledge Information
[General Civil, Criminal and Administrative Litigation]
Participated in administrative lawsuits related to claims for an increase or decrease of compensation amounts upon expropriation, cancellation of administrative disposition imposing penalty surcharges in violation of the Act on the Registration of Real Estate under Actual Titleholder’s Name, changes to college recruiting guidelines, and cancellation of administrative disposition of refusal for burial in a national cemetery
Represented construction companies in various lawsuits related to real estate development, construction costs, PF agreements, trust agreements, etc.
Represented an academic institution in a lawsuit related to the disputes over the management and property rights, etc.
Handled environmental litigation related to claim for damage in connection with soil pollution, waste disposal, etc.
Handled fair trade cases in violation of the Disclosure Regulations of Large-Scale Internal Transactions
Handled cases in the entertainment industry related to exclusive contract disputes between celebrities and management companies
[Religious Disputes]
Participated in litigation related to the nullification of church resolutions and various disputes between religious denominations and religious foundations
Participated in diverse disputes over the management and property rights of religious groups
Handled various disputes related to the Graduate School of Theology Council
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Education
2019-2022 University of North Korean Studies, Ph.D. candidate
2014-2019 Master of Law in Financial Law, Korea University School of Law, LL.M.
2018 Advance Management Program for Inter-Korean Economic Cooperation (course completion)
2012-2013 Visiting Scholar, UC Berkeley Law School
2011 Inter-Korean Economic Cooperation Legal Academy (course completion)
2007 Judicial Research & Training Institute, Supreme Court of Korea
2005 Sungkyunkwan University College of Law, LL.B.
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Work Experience
2007-Present Lee & Ko
2021-Present Advisor, Legal Advisory Council for Inter-Korean Cooperation District, Ministry of Unification
2021-Present Advisor, Legal Advisory Council for Inter-Korean Economic Cooperation, Ministry of Unification
2021-Present Member, Inter-Korean Legislative Research Committee, Ministry of Government Legislation
2021-Present Advisor, Kaesong Industrial Region Foundation
2021-Present Member, Regulatory Review Committee, Ministry of Unification
2020-Present Chairperson, Ad Hoc Committee on Inter-Korean Legislative Research under the Unification Research Committee, Korean Bar Association
2020-Present Member, Unification Research Committee, Korean Bar Association
2020-2021. 4. Member, Special Committee on Research of South and North Korean Laws, Ministry of Justice
2020-Present Member, Inquiry Commission on Committee Review, Ministry of Unification
2018-Present Advisor, Kaesong Industrial Complex Legal Advisory Committee, Ministry of Unification
2018-Present Member, Committee on Unification Legislative System, Ministry of Unification
2017-Present Advisor, Special Committee on Unification Legislative System, Seoul Bar Association
2012-Present Member, Unification and North Korean Law Studies
2011-Present Executive Lead Member, North Korea Advisory Group, Lee & Ko
2011-2013 Member, Human Rights Commission, Korean Bar Association
2011-2013 Member, Subcommittee on Unification Business Commission, Korean Bar Association
2009-2013 Executive Lead Member, Commission on Legal Support for North Korean Refugees
2011-2012 Member, Promotion Committee on Unification Legislative System Cyber Academy, Korean Bar Association
2011-2012 Executive Lead Member, Pro Bono Committee, Lee & Ko
2008-2009 Member, Committee on Amendment to the North Korean Refugees Protection and Settlement Support Act, Korean Bar Association
2005-2007 Advisor, Advisory Council for Democratic and Peaceful Unification
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Admissions
2007 Admitted to bar, Korea
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Languages
Korean and English
Awards and Recognitions
2022 Official commendation from the Minister of Unification
2023 recognized as a ‘Leading Individuals’ by Chambers Global and Chambers Asia-Pacific (North Korea - general business law)
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Publications / Presentations / ETC
North Korea Sanctions and Prospects of Sanctions Alleviation (Co-author, KINU Policy Review 18-03, 2019)
Legal Review of North Korea Sanctions for Recommencement of Inter-Korea Economic Cooperation – Focusing on the Possibility of Resuming Kaesong Industrial Region (2018)
The 2019-2029 Korean Peninsula Scenarios (Co-author, Sam & Parkers, 2019)
The Necessity of Fostering Lawyers for Unification Korea (Korean Bar Association Newsletter No. 346 dated April 4, 2011)
Guide to Amendment to the North Korean Refugees Protection and Settlement Support Act (Co-author, Korean Bar Association, 2010)
Certificate for Comfort 2 (Co-author, Tongdokwon, 2006)
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