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Partner
| TEL |
+82-2-772-4403 |
| E-MAIL |
hyungsub.lim@leeko.com |
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Hyung Sub Lim is a partner in Lee & Ko’s Dispute Resolution Group and a co-head of the firm’s North Korea Practice. He advises on a broad range of disputes, with particular focus on financial and capital markets, IT and technology, corporate governance, and matters involving religious organizations. Since joining the firm in 2007, he has handled numerous high-stakes disputes involving financial regulation, information technology, governance, and public policy.
In the financial and capital markets area, Mr. Lim has acted on matters arising from major banking incidents, the mis-selling of financial investment products such as equity-linked securities (ELS), and litigation involving funds and trusts. He also advises on disputes concerning virtual assets, electronic financial transactions, and the development and operation of IT systems. He holds an LL.M. in Financial Law from Korea University, combining academic training with substantial practical experience.
As head of Lee & Ko's Religious Conflict Resolution Practice, Mr. Lim represents clients in disputes unique to religious organizations, including those involving senior pastor status, injunctions to suspend the performance of duties, church property, and the validity of internal disciplinary actions. He develops coordinated strategies across civil, criminal, and administrative proceedings, drawing on a deep understanding of denominational constitutions and bylaws.
Mr. Lim also leads the firm's North Korea & Unification Laws Practice, advising on inter-Korean economic cooperation, North Korea-related foreign investment, sanctions compliance, and unification legislation and policy. In recognition of his contributions to policy advisory and legislative research, he received a Commendation from the Minister of Unification in 2022.
He has served on a number of government and professional committees, including the Policy Advisory Committee and the Unification Legislation Promotion Council of the Ministry of Unification, the Special Subcommittee on Inter-Korean Legislation of the Ministry of Justice, and the Committee on Inter-Korean Law of the Ministry of Government Legislation. He also serves as Vice Chair of the Korean Bar Association's Unification Research Committee.
Mr. Lim has been ranked as a Leading Individual by Chambers Global since 2023 in "North Korea — General Business Law" and "Foreign Experts (Corporate/M&A) for North Korea."
Drawing on this cross-sectoral experience, Mr. Lim advises corporations, financial institutions, public entities, and religious organizations on complex disputes involving multiple layers of legal and commercial issues. His recent work increasingly addresses matters at the intersection of law and technology, including financial regulation, digital assets, artificial intelligence, and platform industries.
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. |
Work Experience
| 2007-Present |
Lee & Ko |
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- Co-Head, North Korea Practice; Head, Religious Conflict Resolution Practice |
| 2024-2025 |
Adjunct Professor, Sungkyunkwan University School of Law |
| 2026-Present |
Correctional Committee Member, Ministry of Justice |
| 2025-Present |
Board Member, Korea Association of Christian Military Mission |
| 2025-Present |
President, VK Leadership Forum |
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[Selected Government & Professional Engagements] |
| 2024-2025 |
Member, Policy Advisory Committee, Ministry of Unification |
| 2018-Present |
Member, Committee on Unification Legislative System, Ministry of Unification |
| 2021-2025 |
Member, Inter-Korean Legislative Research Committee, Ministry of Government Legislation |
| 2020-2021 |
Member, Special Committee on Research of South and North Korean Laws, Ministry of Justice |
| 2024-2026 |
Member, National Unification Advisory Council |
| 2024-2026 |
Vice Chairman, Unification Research Committee, Korean Bar Association |
| 2020-2022 |
Chairperson, Ad Hoc Committee on Inter-Korean Legislative Research, Korean Bar Association |
Expertise
| Financial Disputes |
| Administrative Litigation |
| Hostile Takeovers · Defense |
| North Korea · Unification Laws |
| Religious Conflict Resolution Practice Litigation · Mediation · Advisory |
| School · Corporation · Organization Dispute |
| IT Finance · Digital Assets Team |
Admissions & Qualifications
| Admitted to the Korean Bar (2007) |
| Member, Korean Association for Unification and North Korean Law(2012) |
| Member, Korean Association of International Politics (2023) |
| Member, Korea Blockchain Law Society (2025) |
Languages
Representative Matters
[North Korea & Unification]
- Advised the Ministries of Unification, Foreign Affairs, and Justice on policy research relating to inter-Korean economic cooperation and international sanctions against North Korea
- Advised the Ministry of Unification on U.N. and U.S. sanctions in connection with inter-Korean economic cooperation and on follow-up measures to the Panmunjom Declaration
- Advised on the establishment of a joint venture in the Mt. Geumgang International Tourist Zone
[Financial & Capital Markets]
- Represented a major bank in disputes arising from a large-scale financial incident (approx. USD 51.5 million), spanning Financial Supervisory Service dispute resolution, deposit-return and damages claims, and provisional remedies
- Represented leading banks and securities firms in litigation involving ELS fund mis-selling, suitability obligations, churning, and disclosure duties
- Represented an investment trust management company in private real estate investment trust litigation
[Religious Conflict Resolution Practice]
- Represented denominations and religious foundations in litigation to nullify general assembly and church resolutions
- Advised and represented religious organizations in management- and property-rights disputes, including matters before a graduate school of theology council
[Corporate & Other Disputes]
- Represented clients in corporate control disputes, including actions to invalidate shareholder and board resolutions, and defended executives in embezzlement and breach-of-trust matters
- Advised and represented Channel A and Hi Investment & Securities in major IT system construction and operation projects
Awards & Recognitions
| 2023–2026 |
Leading Individual, North Korea: General Business Law — Chambers Global and Chambers Asia-Pacific |
| 2023–2026 |
Foreign Expert for North Korea (Corporate/M&A) — Chambers Global |
| 2022 |
Commendation, Minister of Unification |
Publications / Presentations / ETC
- Understanding the Unification Law from an International Perspective (Qumran Publishing Company, 2024)
- The Direction of Integrating North and South Korean Environmental Laws in Consideration of UN Sustainable Development Goals (UN-SDGs)(Unification and Law, Vol. 56, Ministry of Justice, Republic of Korea, 2023, pp. 44–76)
- 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(Unification and Law, Vol. 35, Ministry of Justice, Republic of Korea, 2018, pp. 1–39)
- The 2019-2029 Korean Peninsula Scenarios (Co-author, Sam & Parkers, 2019)
- Guide to Amendment to the North Korean Refugees Protection and Settlement Support Act (Co-author, Korean Bar Association, 2010)