Hannuri, established in 2000, is one of the longest-standing and the most successful plaintiff law firms in Korea. We have not only successfully represented investors who suffered losses due to securities fraud and financial scams, but also have extensive experience in handling complex litigation cases in various areas, including antitrust/competition, whistleblower cases, corporate governance, consumer fraud matters, and commercial litigation.
Our success at Hannuri, with the most comprehensive experience in class action and derivative suits among Korean law firms, is evident not only in our track record but also in the substantial amounts we've recovered for victims over the years. As of July 2020, compensation secured in class action and derivative suits totaled KRW 225,685,636,020.
- Shareholder derivative suit against the Chairman of LG Group, securing a total compensation verdict of 47 billion KRW.
- Shareholder derivative suit against the Chairman of Hyundai Securities, securing a total compensation verdict of 40 billion KRW.
- Securities class action against GS Construction, settling at 12 billion KRW.
- Securities class action against Deutsche Bank, resulting in a total compensation verdict of 12 billion KRW.
Furthermore, in response to the recent surge in shareholder activism, Hannuri has been actively involved in handling corporate governance-related cases on behalf of various funds, including the National Pension Service. These governance activities range from shareholder proposals to injunctions for access to financial records and shareholder meeting resolution nullification lawsuits against major corporations such as Hanjin Kal, KT&G, SM Entertainment, and others.
Leveraging our early and ongoing success in the securities arena, Hannuri has expanded its expertise to include antitrust, whistleblower representation, consumer fraud matters, and commercial litigations. Notably, Hannuri successfully represents clients in a wide range of antitrust litigation, encompassing administrative, civil, and criminal proceedings. In a recent milestone, our firm skillfully advocated on behalf of a foreign car parts manufacturer before both the Seoul High Court and the Supreme Court. Our unwavering efforts resulted in the complete annulment of the KFTC's decision to impose a substantial administrative fine of 33 billion KRW, underscoring our commitment to achieving favorable outcomes for our clients in complex antitrust matters. In terms of merger filings, Hannuri has an impressive track record of consistently securing clearances from the KFTC in the following cases:
- Persero’s share acquisition from Vale and Sumitomo
- The merger between subsidiaries of BorgWarner
Furthermore, Hannuri is proactive in pioneering new areas. For instance, we successfully represented the whistleblower who exposed Hyundai/Kia's engine defects, securing substantial rewards in both the United States and South Korea. Moreover, we have recently been actively pursuing litigation against major financial institutions such as Woori Bank, Hana Bank, Shinhan Bank, KB Securities, NH Securities and Daishin Securities on behalf of the victims of nationwide fund fraud cases that have affected a large number of people.
With extensive experience in litigating against major Korean corporations and prominent financial institutions in numerous lawsuits, Hannuri stands as a reliable law firm for foreign institutional investors, funds, and foreign companies navigating litigation issues against Korean businesses. Hannuri provides a conflict-free solution with confidence.
Hannuri's team of attorneys consists of professionals with diverse backgrounds, including former judge, prosecutor, and accountant. Leveraging this expertise, we effectively handle the most complex and demanding cases. Moreover, our team includes experienced attorneys from renowned firms such as Kim & Chang, Lee & Ko, and others. Especially, both of our managing partners have extensive experience at Kim & Chang. This composition enables us to deliver services at the level comparable to that of major law firms, both for domestic and international clients.
Hannuri goes beyond conventional standards to champion our clients’ rights with professionalism, creativity, and unwavering commitment.
