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Jitaek Chung
Partner
- TEL 82 2 6182 8165
- FAX 82 2 6003 7030
- E-MAIL jtchung@hwawoo.com
Biography
Jitaek Chung is a partner at Yoon & Yang LLC, and his main practice area is finance (audit review and company listing).
Mr. Chung advised and litigated for a number of companies including large-sized listed companies in Korea in responding to audit investigations. He also conducted fraud detection investigations (forensics) as required by the Act on External Audit of Stock Companies, including large-scale embezzlement issues that garnered public attention. Mr. Chung has extensive experience in advising on such laws as the Act on External Audit of Stock Companies, the Financial Investment Services and Capital Markets Act, and the Commercial Act related to the preparation, submission, approval of financial statements, business reports, and audit reports and duty of disclosure thereto. Also, he has provided legal advice and handled legal due diligence for companies listed on the Korea Exchange (KRX) or KOSDAQ market.
Mr. Chung advised and litigated for a number of companies including large-sized listed companies in Korea in responding to audit investigations. He also conducted fraud detection investigations (forensics) as required by the Act on External Audit of Stock Companies, including large-scale embezzlement issues that garnered public attention. Mr. Chung has extensive experience in advising on such laws as the Act on External Audit of Stock Companies, the Financial Investment Services and Capital Markets Act, and the Commercial Act related to the preparation, submission, approval of financial statements, business reports, and audit reports and duty of disclosure thereto. Also, he has provided legal advice and handled legal due diligence for companies listed on the Korea Exchange (KRX) or KOSDAQ market.
Experience
- 2021-present Yoon & Yang LLC
- 2017-21 KT&G
- 2014-17 Shin & Kim LLC
- 2008-11 Samjeong KPMG
Education
- 2014 Hanyang University School of Law, J.D.
- 2006 Yonsei University, B.A. in Business Administration
Representative Matters
- Advised PAMTEK on KOSDAQ listing through reverse merger with SPAC
- Advised Bionote on KOSPI listing
- Advised SHIN Steel on KOSDAQ listing through reverse merger with SPAC
- Advised on financial statement review and supervision response for listed companies and financial institutions
- Advised on response to audit report supervision by accounting firms
- Conducted negative investigation under the External Audit Act due to embezzlement, etc.
- Advised on responding to external audit and re-audit of financial statements
- Advised on assessment of listing eligibility
- Provided legal advice related to adequacy of accounting process
- Represented in criminal litigation, administrative litigation, and application for suspension of execution after accounting supervision measures, etc.
Insights
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Admitted to bar, Korea (2014)
Certified Public Accountant, Korea (2005) -
Korean and English