Mr Cecil Saehoon Chung is a senior foreign counsel at Yulchon. As co-vice chair of the antitrust practice group and head of the international antitrust team, Mr Chung handles all aspects of antitrust, consumer protection and trade regulation litigation and counselling matters covering diverse industries, with a particular emphasis on international antitrust.
He has practised law for more than 25 years, primarily focusing on antitrust, trade regulation, consumer protection and intellectual property. In his antitrust practice, he has handled numerous criminal grand jury investigations, civil class action cases, regulatory merger and non-merger investigation and litigation matters, and consumer protection matters.
Prior to joining Yulchon in 2012, he was an antitrust partner at two global law firms (Pillsbury Winthrop and Greenberg Traurig) in Washington, DC, where he handled numerous multibillion-dollar merger transactions, ‘bet-the-company’ litigation matters and various counselling matters involving antitrust, trade regulation, consumer protection, intellectual property and other legal issues in diverse industries. For example, he has handled merger matters such as Chevron’s US$43 billion acquisition of Texaco, SBC Communications Inc’s (now AT&T) US$17 billion acquisition of Pacific Telesis, and Chevron Chemical’s US$7 billion joint venture with Phillips Chemical. From 1988 to 1995, he was a litigation attorney in the Bureau of Competition at the US Federal Trade Commission (FTC), where he investigated and challenged numerous merger transactions and non-merger antitrust violations in the energy, chemical, food, telecommunications and IT industries. In addition, he was a principal member of the FTC’s trial team that successfully challenged BAT’s acquisition of American Tobacco in the federal district court.
Mr Chung is ranked as a leading antitrust lawyer by numerous international publications, including GCR's Who’s Who Legal: Competition, Chambers Asia, Chambers Global and Euromoney’s Expert Guides. In addition, he has a rare distinction of being ranked as both a US antitrust law expert based abroad (Korea) and foreign (US licensed) expert on Korean antitrust law by Chambers Global.
Mr Chung has written and lectured extensively on various Korean, US and EU antitrust, consumer protection and other legal issues. He regularly provides antitrust compliance counselling and training to clients in various industries. Furthermore, since 1997 he has advised and assisted the Korea Fair Trade Commission to modernise its antitrust and consumer protection enforcement programme. Recent articles he has written or or co-authored) include: Korea chapter, Competition Law in Asia Pacific – A Practical Guide, Wolters Kluwer (2015); Korea chapter, The Cartels and Leniency Review, 3rd Edition, Law Business Research (2015); ‘Restriction by Object’, Journal of Competition, Vol. 178 (2015); ‘Korea’s Aggressive Antitrust Enforcement in Financial Product Markets’, Asian-Mena Counsel, Volume 12 Issue 5 (2014–15); ‘Early Signs of Protectionist Merger Control in Korea? Probably No, At Least Not Yet’, Competition Policy International’s Antitrust Chronicle (2014); ‘Comment on US FTC’s Recent ‘Invitation to Collude’ Matter’, Journal of Competition, Vol. 176 (2014); Antitrust and international commerce (Korea, China, Taiwan and India) chapter, 2013 Annual Review of Antitrust Law Developments, ABA Section of Antitrust Law (2014); ‘On Anticompetitive Effects of Exclusive Dealing: In re McWane, Inc.’, Journal of Competition, Vol. 174 (2014); Korea chapter, The Merger Control Review, 5th Edition, Law Business Research (2014); ‘Abuse of Dominance by Standard-Essential Patent Holder: Huawei v. InterDigital in China’, Journal of Competition, Vol. 172 (2014); ‘Ballooning Definition of Cartel and Information Exchange in Korea’, Competition Policy International’s Antitrust Chronicle (December 2013); ‘Third Party’s Access to Leniency Application Files: A Recent EU Decision and Implications’, Journal of Competition, Vol. 169 (2013); Korea chapter, The Private Competition Enforcement Review, 6th Edition, Law Business Research (2013); ‘Enforcement Gets Stronger, Korea Annual Review’, Asialaw and IFLR (2013); ‘Korea Amends Privacy Law and Limits Use of Residents Registration Numbers’, ABA Section of International Law, The International Lawyer Year in Review 2012; ‘Recent Korean Supreme Court Decisions on Per Se Illegality and Noerr-Pennington in Korea’, ABA Section of Antitrust Law, Cartel & Criminal Practice Committee Newsletter (Fall 2012); and ‘Revamped Korean Leniency Regime: No More Cheap Way Out for Repeat Cartelists and Second-in-Line Confessors’, ABA Section of Antitrust Law, International Committee, International Antitrust Bulletin, Vol. 3 (October 2012).
Mr Chung received his BS in economics from the Wharton School, University of Pennsylvania in 1985 and JD from Cornell Law School in 1988. He is a member of the California and District of Columbia Bars.