법무법인바른 사이트는 IE11이상 혹은 타 브라우저에서
정상적으로 구동되도록 구현되었습니다.

익스플로러 10 이하버전에서는 브라우저 버전 업데이트 혹은
엣지, 크롬, 사파리등의 다른 브라우저로 접속을 부탁드립니다. 감사합니다.

Cho, Jae Bin Attorney (Partner)

Professionals Introduction

Attorney Cho Jae-bin is an expert in anti-corruption, corporate criminal law, financial economic crimes, sanctions hearings at the Financial Supervisory Service (FSS), the Financial Services Commission (FSC) review committees, and the disciplinary and regulatory areas in real estate development and reconstruction. Attorney Cho completed training at the Judicial Research and Training Institute as a member of the 29th class. He joined Barun Law LLC in September 2022 and has successfully handled nearly all of the cases assigned to him since. Notably, he has achieved remarkable results, including the dismissal of arrest warrants in almost every case he has handled.

During his 23 years of service in the prosecution, Attorney Cho spent 18 years in special investigation fields. He is the only prosecutor among his peers who served as a prosecutor (Special 2nd Division), deputy chief prosecutor (Special 3rd Division), and chief prosecutor (Special 4th Division) at the Seoul Central District Prosecutor's Office. He has also been assigned to or selected for special investigative teams in the areas such as anti-corruption and financial law enforcement, including the Samsung Group slush fund special investigation team, BBK special prosecution team, the Seoul High Prosecutors' Office special investigation team, Prime Minister's Office anti-corruption task force, and the Financial Services Commission's capital market investigation planning office.

Some of his notable success includes the following:
- Reducing a major securities company CEO's disciplinary action from a "severe penalty" to a "light penalty" at the FSS sanctions hearing.
- Dismissing the arrest warrant for the head of the credit review department at Woori Bank involved in an illegal loan case related to the chairman of a holding company.
- Successfully defending a representative of an accounting firm, who was investigated for stock manipulation in Edison Motors' acquisition of Ssangyong Motors, resulting in no charges despite 15 rounds of questioning and 3 raids.
- Dismissing the arrest warrant for a programmer/executive involved in the Terra Luna virtual asset-related capital market law violation case.
- Dismissing the arrest warrants in a special economic law violation case involving the chairman of the Saemaul Geumgo Central Association, who was accused of accepting bribes totaling KRW 260 million.
- Defending a special purpose company (SPC) executives, leading to the dismissal of arrest warrants and no charges for 27 employees in a labor union law violation case.
- Successfully preventing the indictment of a former executive who had been investigated in a bribery case involving a major financial holding company chairman and special prosecutor Park.
- Dismissing the arrest warrant for a former Samsung Electronics employee accused of embezzlement involving KRW 7 billion.
- Closing a case involving a securities company CEO accused of embezzlement with a non-indictment after a "no charges" conclusion.
- Changing the charges against an accountant facing criminal charges for theft to a "counseling for theft," resulting in a fine and the retention of professional credentials.
- Closing a case for a university professor accused of violating the Anti-Corruption Act after supplementary investigation by the police led to a "no prosecution" conclusion.
- Closing a case of a graduate student accused of violating the Sexual Assault Punishment Act after supplementary investigation by the police led to a "no prosecution" conclusion.
- Successfully closing a tax evasion case involving the CEO of a pharmaceutical company with a "no charges" conclusion.
- Defending a listed company on the brink of delisting due to a public disclosure violation and successfully defending its listing by reducing the penalty points to 14.5.
- Preventing a design company from being prosecuted for joint embezzlement, leading to no charges.
- Closing a medical corporation case involving four employees charged with embezzlement, resulting in a "no charges" conclusion.

Attorney Cho is actively engaged in various external activities, serving in key roles, including as member of the Financial Development Advisory Committee (Financial Industry Innovation Subcommittee) of the Financial Services Commission (FSC), legal advisory committee member of the FSC, an exemption review committee member of the FSC, sanctions committee member for the Korea Financial Intelligence Unit (FIU) for anti-money laundering, disclosure committee member for the Korea Exchange's KOSPI market, member of the Trade and Technology Security Forum under the Ministry of Trade, Industry, and Energy, member of the Credit Recovery Committee, member of the Regulatory Review Committee under the Office for Government Policy Coordination, member of the Environmental Pollution Damage Relief Policy Committee under the Ministry of Environment, administrative appeals committee member for the Korea Communications Commission, member of the University Establishment and Restructuring Review Committee under the Ministry of Education, and member of the Regulatory Review Committee and Ombudsman for the Korea Housing Finance Corporation. He also participates as a member of the Planning Committees for both the Korean Bar Association and the Seoul Bar Association, as well as an advisory committee member for the Digital Asset Exchange Alliance (DAXA).

Education

  • 2016Certified Class 2 "Blue Belt" Prosecutor in the area of construction and civil engineering (certified by the Supreme Prosecutors' Office of the Republic of Korea)
  • 2011Duke University School of Law (LL.M.)
  • 2000Judicial Research and Training Institute of the Supreme Court of the Republic of Korea (29th)
  • 1997Passed the Bar Exam (39th)
  • 1997Graduate School of Law, Seoul National University
  • 1993College of Law, Seoul National University
  • 1989Jinju Dongmyung High School

Experience

  • 2022 ~ PresentPartner, Barun Law LLC
  • 2024 ~ PresentMember, Anti-Money Laundering Sanctions Deliberations Committee of the Korea Financial Intelligence Unit
  • 2024 ~ PresentAdvisory Member, Digital Asset exchange Alliance (DAXA)
  • 2022 ~ PresentMember, Ombudsman Regulation and Deliberations Committee of Korea Housing-Finance Corporation
  • 2022 ~ PresentMember, Self-Regulation and Deliberations Committee of the Office for Government Policy Coordination
  • 2021 ~ 2022Deputy Chief Prosecutor, Incheon District Prosecutors’ Office
  • 2020 ~ 2021Deputy Chief Prosecutor, Busan District Prosecutors’ Office
  • 2019 ~ 2020Investigation Planning Officer, Capital Market Investigation Unit, Financial Services Commission
  • 2018 ~ 2019Professor, Institute of Justice Yongin Branch
  • 2017 ~ 2018Research Officer, Supreme Prosecutors’ Office of the Republic of Korea
  • 2016 ~ 2017Senior Prosecutor, Seoul Central District Prosecutors’ Office (Special Unit 4)
  • 2015 ~ 2016Senior Prosecutor, Seoul Northern District Prosecutors’ Office (Criminal Unit 6)
  • 2014 ~ 2015Legal Advisor (head of the government’s integrated anti-corruption group), Office for Government Policy Coordination
  • 2013 ~ 2014Deputy Senior Prosecutor, Seoul Central District Prosecutors’ Office (Special Unit 4)
  • 2010 ~ 2013Prosecutor, Seoul Western District Prosecutors’ Office
  • 2008 ~ 2010Planning Prosecutor, Ministry of Justice
  • 2006 ~ 2008Prosecutor, Cheongju District Prosecutors’ Office
  • 2003 ~ 2006Prosecutor, Seoul Central District Prosecutors’ Office
  • 2002 ~ 2003Prosecutor, Yeoju Branch of Suwon District Prosecutors’ Office
  • 2000 ~ 2002Prosecutor, Busan District Prosecutors’ Office

Practice Areas and Representative Matters

White Collar Crime

- A case involving an investigation into legal irregularities concerning management right (valued at KRW 375.5 billion) succession by the members of group L's founding family, and through this case the honorary chairman was sentenced to three years of imprisonment and the chairman was sentenced to 2.5 years of imprisonment and four years of stay of execution (24 people charged)

- A case involving company M, whose vice chairman was found to have embezzled KRW 4.8 billion during an eight-year period via partner companies, and dairy company S's CEO and employees of company M have been found to have received KRW 250 million from suppliers, and through this case 13 people were charged and three people arrested

- A case involving an executive director of company H, who solicited a director and essential researchers of manufacturer C and thereby leaked trade secrets worth KRW 340 billion, and through this case six people were charged and six people arrested

- A case involving an investigation into lobbying efforts made towards a Presidential Office aide and the Chairman of the Korea Fair Trade Commission requesting for reduction of the unreasonable amount of fees imposed by a large online shopping mall company and through this case several people were porsecuted

- A case where four steel companies, including company D, company E and company H colluded with one another on the purchase price changes of metal scraps 39 times during a seven-year period and through this case several people were prosecuted

- A case involving a legal broker receiving KRW 2.8 of funds from large construction companies, including company H, company P, company L and company S and through this case several people were prosecuted

Financial and Economic Crimes

- A case where wrongful transactions involving the chairman and officers of savings bank S (12 people) were discovered and a request was made for investigations

- A case where 11 people were discovered to have been involved in the market price manipulation of company E, four people involved in the market price manipulation of company M, and seven people involved in wrongful transactions of company K, with respect to asset management company L, and where a request was made for investigations

- A case where five people, including the representative of company K, and three former and current employees and officers of bio company S were uncovered to have made use of undisclosed information concerning company K's treatment drug, and where a request was made for investigations

Reconstruction and Redevelopment

- A case involving construction company S, which lobbied a housing association head by providing KRW 1 billion so that the company can be appointed as the construction company, and through the investigation process several district councilmen were prosecuted, as directors of the association who were also district councilmen of the relevant district office were found to have been involved in the vote rigging of the district council chairman election

- A case involving ** New Town redevelopment project where officers of construction companies, who lobbied and offered KRW 800 million to be appointed as the construction company and during which the head of the relevant district office received KRW 300 million therefrom, and through this case several people were prosecuted

- A case involving the representative and deputy director of construction company S receiving KRW 500 million from the developer of hotel B and the representative of the developer embezzling KRW 21.1 billion of corporate funds, and through this case several people were prosecuted

- A case involving the head of a housing association and a demolition company offering approximately KRW 200 million to the minority party representative and aide as bribe, as part of a lobbying effort for certain legislation, with respect to an investigation launched against ** local housing program, and through the case it was discovered that the aide received KRW 200 million of political funds to support the head of the relevant district office in the election and as election costs and thereby several people were prosecuted

- A case involving an investigation into the corruption concerning the ** redevelopment project and through the case it was discovered that the head of the relevant district office and three members of the housing association had breached the Act on the Aggravated Punishment of Specific Crimes (bribery), by receiving bribes in the amount of KRW 300 million (in the case of the head of the district office) and KRW 100 million, each (in the case of the members of the housing association), and thereby several people were prosecuted

Publication(s)

- U.S. Warrant System and Investigative Activities (Research Journal of Prosecutors Training overseas), Legal Training Institute (2012)

- Annotated Criminal Code 10: Articles (7), Pakyoungsa (Joint Authorship) (2023)

Profile

02-3479-2490

jaebin.cho@barunlaw.com

Recent Cases

[Criminal] Barun Laws represents a programmer developing and managing Chai Pay and persuades the court to deny the prosecution’s request for the issuance of an arrest warrant against him by accurately analyzing the factual background and legal theory in relation to the collapse of Terra and Luna coins.

[Financial Criminal] Barun Law helps a client, who was banned from leaving the country and had both his company and residence seized in relation to a large-scale stock price manipulation case involving Edison Motors' acquisition of Ssangyong Motors and the transfer of bio assets, be clear of charges after 15 investigations.

[Criminal] In a case in which a woman sued a suspect claiming that he photographed her body without her consent during a relationship, the police sent the suspect to the prosecution, but the case was dismissed (no charges) on the basis of evidence additionally discovered and active defense

[Financial Crimes] Barun Law succeeds in obtaining a decision on the dismissal of the prosecution's request for an arrest warrant issued against the chairman of the Korean Federation of Community Credit Cooperatives twice for allegedly accepting KRW 250 million in bribes, allowing the chairman to stand trial without being detained

[Criminal] Representing a CPA who is charged with the crime of special theft (punishable only by imprisonment) and would be disbarred upon conviction, Barun Law convinces the prosecutor to change the charge to the crime of theft instigation (punishable by fine) and to seek the punishment of a fine against him, and the client is ultimately sentenced to a fine, which does not prevent him from maintaining his accountant license

[Financial Advisory] Barun Law represents a KOSDAQ-listed company that was at risk of delisting due to 15 penalty points for disclosure reversals and failure to disclose and helps the company keep the listing status

[Labor Criminal] A case in which we dismiss the prosecution’s request for an arrest warrant against the executives of an affiliate of a company for violating the Trade Union Act by soliciting 583 workers to withdraw from the union

[Criminal] A case in which a university professor was transferred to the prosecution on opinion of indictment for violation of the anti-graft act and obtained a decision not to transfer from the police through a supplementary investigation

[Criminal] Barun Law helps the CEO of a listed company, who is sent to the prosecution for the breach of duty worth KRW15 billion, be clear of all the allegations through prosecutors’ supplementary investigation

[Corporate Criminal] A case in which Barun Law defends the CEO of a pharmaceutical company charged with violating the Tax Offences Punishment Act and obtains the dismissal of the charge without prejudice

[Criminal] A case in which we obtain the dismissal of the prosecution's request for issuance of an arrest warrant against Samsung Electronics' former expatriate of an overseas subsidiary for the alleged violation (breach of duty) of the Act on Aggravated Punishment for Specific Economic Crimes

[Labor/Criminal] Barun Law successfully defends the client in a case of the forced withdrawal of union membership by minimizing the scope of prosecution and preventing a request for warrant issuance

[Anti-Corruption and Financial Crimes] Barun Law Successfully Resolves the Case Where 4 Individuals were Sent to the Prosecution under the Accusation of Breach of Trust Under the Act on the Aggravated Punishment of Specific Economic Crimes with All 8 Individuals, Including the 4 Individuals Above Cleared of Charges

[Anti-Corruption and Financial Crimes] Barun Law Successfully Dismisses Detention Warrant for the Head of a Bank's Credit Review Division Accused of Breach of Trust Involving a KFW19.4 Billion Illegal Loan to a Relative of the Chairman of a Financial Holding Company

[Corporate Criminal] Barun Law Represents Design Firm Executives Not to be Indicted for Joint or Aiding and Abetting Embezzlement

[Financial Criminal Defense] Barun Law Defends a Former CEO Accused of Accounting Fraud Worth KRW 60 Billion to be Cleared of Charges During the Prosecutorial Investigation

[Criminal] Barun Law Successfully Represents the Client in Filing a Complaint Against an Entrepreneur who Committed Fraud Amounting to KRW10 billion to be Arrested

[Criminal Complaint & Investigation Response] Barun Law Secured a Disposition of Suspension of Indictment with a Mandatory Education Completion Condition for a Client Accused of Quasi-Rape

[Corporate Criminal Defense] Barun Law Successfully Defended Clients Accused of Fraud and Breach of Trust Involving Over KRW 7 B and KRW 2 B, Respectively, Resulting in All Charges Being Dropped

[Anti-Corruption and Financial Economic Crimes] Barun Law Successfully Dismissed an Arrest Warrant for the Chairman of a Construction Company Accused of Defrauding Financial Institutions of KRW 14.8 B in Construction Payments and Embezzling KRW 1.3 B of Company Funds