BARUN LAW

Legal Inquiry
Legal Inquiry

Attorney Ahn Ju-hyun is a former physician who completed the Judicial Research and Training Institute's 39th class and previously worked at the Financial Supervisory Service, giving him a unique professional background as an expert in both the medical and financial sectors. At the firm, he actively demonstrates his expertise in matters involving regulatory supervision and inspections by financial authorities, financial regulatory matters such as licensing and approvals, financial disputes including recovery of distressed assets and damages litigation, as well as medical litigation and advisory work relating to pharmaceuticals and healthcare.

His major representations include:
• Advisory regarding Financial Supervisory Service inspections and sanctions imposed on financial institutions
• Litigation seeking revocation of monetary and personal sanctions arising from violations of financial regulatory laws, including the Capital Markets Act, the Insurance Business Act, the Mutual Savings Banks Act, and the External Audit Act
• Advisory relating to unfair trading practices such as insider trading by listed companies
• Advisory and litigation relating to recovery of distressed assets for financial institutions, including the KRW 200 billion Mitron fraud case
• Damages disputes involving matters such as the Global Healthcare Fund case
• Product liability litigation involving matters such as the humidifier disinfectant incident and textured breast implant litigation involving Allergan plc in the United States
• Civil and criminal medical malpractice cases involving patient deaths and hypoxic brain injuries

Attorney Ahn has advised or continues to advise public institutions including the Financial Supervisory Service, the Mutual Savings Banks Central Association, and the Korea Deposit Insurance Corporation. He also actively participates in external professional activities, including serving as a Financial Dispute Mediation Committee Member (Insurance Division, 2021–2023) at the Financial Supervisory Service and as a Management Evaluation Committee Member for specialized credit finance companies at the Financial Supervisory Service (2025–Present).

Education

  • 2018Completed the 11th the Financial Legal Practice Program, Seoul National University (regarding key issues in insolvency law)
  • 2017Kyushu University (LL.M.)
  • 2016Federal Deposit Insurance Corporation(Loan Analysis School)
  • 2013Federal Reserve System(Asset Liability Management)
  • 2010Judicial Research and Training Institute of Supreme Court of Korea (39th)
  • 2007Passed the Korean Bar Exam (49th)
  • 2004Passed the Korean Medical Licensing Examination
  • 2004Department of Medicine, Pusan National University
  • 1998Busan Kyungwon High School

Experience

  • 2019 ~ PresentPartner, Barun Law LLC
  • 2025 ~ PresentManagement Evaluation Committee Member for Specialized Credit Finance Companies, Financial Supervisory Service
  • 2018 ~ PresentLegal advisor, Financial Supervisory Service
  • 2018 ~ PresentLegal advisor, Ewha Womans University Medical School
  • 2021 ~ 2023Financial Dispute Mediation Committee Member (Insurance), Financial Supervisory Service
  • 2017 ~ 2018Associate, Barun Law LLC
  • 2017Asia-Pacific Regional Office of the Hague Conference Private International Law
  • 2017Date Law Offices
  • 2016 ~ 2017Kyushu University (studying for LL.M. degree)
  • 2016Senior Investigator, Cooperative Finance Examination Department, Financial Supervisory Service
  • 2014 ~ 2016Senior Investigator, General Bank Examination Department, Financial Supervisory Service
  • 2012 ~ 2014Senior Investigator, Dispute Settlement Department, Financial Supervisory Service
  • 2010 ~ 2012Associate, Barun Law
  • 2004 ~ 2007Public Health Doctor, Haman-gun, Gyeongsangnam-do, Korea

Practice Areas and Representative Matters

Finance/Commercial Banks

  • Conducted targeted examination of bank K and a financial holding company (concerning internal dispute and unjustified transfer of customer information etc.)
  • Conducted fullscope examination of bank K (concerning management)
  • Conducted fullscope examination of bank S (concerning management, including dividends)
  • Conducted targeted examination of bank K's suitability to deal with loans in connection with fraudulent loan in the amount of KRW 3 trillion to company M
  • Conducted evaluation of restriction action imposed against bank E concerning unjustified increase of additional interest
  • Conducted evaluation and mediation concerning proposed measures and investigation report in connection with unjustified access to credit information by bank S
  • Conducted evaluation and mediation concerning proposed measures and investigation report in connection with unjustified loan approved by an overseas branch office of bank W
  • Prepared NoAction Letter concerning twoway currency swap in connection with issuance of covered bonds by bank K

NonLife Insurance / Life Insurance / Financial Disputes

  • Conducted mediation of dispute involving the affiliated company of securities company D in connection with incomplete sale of commercial papers and corporate bonds
  • Conducted mediation of dispute concerning incomplete sale of subordinated bonds by a savings bank
  • Conducted deliberation of agenda of the Financial Dispute Mediation Committee of the Financial Supervisory Service
  • Expanded the coverage and supplemented the classification scheme for the particular body parts/illness exclusion clause
  • Served as supervisory member for the amendment of life insurance standardized provisions for 2013
  • Represented auto insurance company H and carried out various nonlife insurancerelated cases concerning auto accidents
  • Represented life insurance company I and carried out various cases concerning incomplete sale of variable insurance
  • Carried out various dispute mediation cases concerning auto insurance, coverage insurance, fire insurance, guarantee insurance, and affordable health insurance

Mutual Finance/Securities/Capital Market/Accounting

  • Conducted examination and mediation concerning the investigation of central federation of cooperatives N, central federation of cooperatives S, and central federation of cooperatives F
  • Conducted examination and mediation concerning the targeted examination of the three branches of central federation of cooperatives C
  • Conducted targeted examination of federation of milk cooperatives S (concerning suitability to deal with loans)
  • Conducted mutual finance examination and established plans to standardize sanctions
  • Represented in a criminal lawsuit case filed in connection with External Audit Act and Capital Markets Act with regard to company D's accounting fraud in the amount of KRW 227 billion
  • Represented in a lawsuit filed seeking to cancel an action that refused to renew the registration of company C as a money lender

Medical Matters (Civil/Criminal/Administrative)

  • Represented in the case concerning a class action lawsuit filed by victims of lung failure for damages due to humidifier sterilizer
  • Represented in a case investigated by prosecutors concerning the death of newborns at an intensive care unit at hospital E
  • Represented in a case investigated by prosecutors against the National Council of FourthYear College of Medicine Students concerning disclosure of practical examination questions of the State Medical Examination
  • Represented in a case investigated by prosecutors of the radiofrequency ablation treatment for the nucleus pulposus of the spine conducted by hospital S
  • Represented in a medical lawsuit filed in connection with hypoxic brain damage that occurred after bone marrow puncture conducted by medical center S
  • Represented in a medical lawsuit filed against quadriplegia that occurred after spinal disc surgery conducted by medical center A
  • Represented in a medical lawsuit filed for death that occurred after radical nepherectomy conducted by the urology department of hospital S
  • Represented in a medical lawsuit filed in connection with acute myocardial infarction diagnosis given by the emergency room of medical center C
  • Represented in a medical lawsuit filed for death that occurred after surgery for paralytic ileus by hospital H
  • Represented in civil and criminal lawsuits filed in connection with hypoxic brain damage that occurred during endoscopy conducted by an internal medicine physician
  • Represented in a lawsuit filed in connection with hypoxic brain damage caused by meconium aspiration during delivery at OB/GYN clinic E
  • Represented in a lawsuit filed to cancel the Health Technology Assessment concerning cartilage treatment of company S
  • Represented in a lawsuit filed between pharmaceutical company J and pharmaceutical company C in connection with grants and price of goods
  • Represented in a lawsuit filed in connection with ERP system of pharmaceutical company H
  • Represented in a lawsuit filed in connection with validation of pharmaceutical company H
  • Provided legal advice to pharmaceutical company B on rebates
  • Provided legal advice to pharmaceutical company B on license agreements
  • Represented in a case involving an application filed for registration of an enlisted military serviceman who died due to acute leukemia during military service, as a person of national merit
  • Represented in a case involving an application filed for registration of an air force officer who died during his return home after official afterwork dinner (hoesik)

Publication(s)

  • Financial Consumer Protection in Korea: What is the Best Regulatory Structure for it?, 2017, Kyushu University, Master's Thesis

Recent Cases

[Financial Regulatory Response] Case in which Barun Law represented a commercial bank that had received advance notice of sanctions from the Financial Supervisory Service regarding the sale of Hong Kong H-Index ELS products, and successfully secured reductions in administrative fines as well as mitigated sanctions to a warning and reprimands for executives and employees
[Financial Litigation] Case in which Barun Law represented the Securities and Futures Commission and prevailed on appeal by overturning a first-instance judgment in an administrative lawsuit filed by an overseas financial company challenging an administrative fine for illegal short selling
[Financial Litigation] Successfully Represented the Financial Services Commission in an Administrative Lawsuit for Cancellation of a Fine Imposed for Naked Short Selling
[Financial Advisory/Litigation] Barun Law Completes Advisory Services on Distribution of Sales Proceeds for Victimized Financial Institutions in the Meat Collateral Loan Fraud Case
[Administration] Barun Law wins the lawsuit filed by a savings bank against the client, the Financial Services Commission to cancel surcharges imposed on it and the suspension of duties made against its representative director
[Civil] Barun Law wins the lawsuit filed by an insurance company against a medical institution for damage allegedly suffered in relation to discretionary non-covered medical treatment.
[Finance · Administration] Barun Law advises asset management company H on obtaining MLIT’s concurrent business permit for asset management companies under Real Estate Investment Company Act (Attorneys: Choi Jin-Sook, Ahn Ju-Hyun, Jang Bo-Yun)
[Finance·Administration] Post-approval of capital contribution given by the Financial Services Commission in relation to the acquisition of interest in REITS by a securities company
[Civil] A case in which we represented a credit finance corporation and completed registering the corporation as general partner for a management participation-typed PEF
[Civil] A case in which we helped a client to win a lawsuit for damages caused by the illegal act committed by an employee of a securities company who had inflicted a large loss to the client by creating excessive fees and taxes due to repeated trading through the client’s account
[Administration] A decision that the case where a specially related person of the largest shareholder of a company becomes the largest shareholder of the listed company by acquiring shares therein by way of a transaction with a third party other than the largest shareholder does not fall under exceptional cases for the ex-officio designation of an external auditor under the External Audit Act
[Insurance] Representation in insurance coverage litigation resulting in a precedent-setting ruling that a workplace carcinoid tumor (neuroendocrine tumor) constituted a covered malignant neoplasm of the digestive system (Cancer Code C20) under the applicable cancer insurance policy
[Finance] Represented and helped the Financial Supervisory Service obtain a decision in favor of it from both the district and the high courts in a lawsuit filed by a company to object to and cancel its action to refuse to renew the lending business registration.
[Finance·Accounting] Barun Law successfully represented the defendant in a case where it was alleged of window-dressing in violation of the Audit Act and the Capital Market Act.

Integrated Search