Rimon

Jungwoo Chang

Partner

Corporate and Business Transactions, Mergers and Acquisitions, Securities and Capital Markets
Seoul

EDUCATION

Sungkyunkwan Law School

J.D.

Seoul National University

BS (Mechanical and Aerospace Engineering)

PREVIOUS EXPERIENCE

  • Accelsior Partners (Managing Partner & Co-Founder)
  • Yellomobile Inc. (General Counsel)
  • STIC Investment Inc.
  • LG International Corp.

    ADMISSIONS

  • Korea

    Languages

  • English
  • Korean

PROFESSIONAL EXPERIENCE

Jungwoo Chang represents companies at all stages of their lifecycle, from startups to public companies with a focus on internet and technology companies. He has substantial experience representing both buyers and sellers in M&A transactions, as well as issuers and investors in private company financings.  Mr. Chang also regularly advises his clients on general corporate governance and regulatory issues which arise from business transactions.

Mr. Chang has a deep understanding of corporate matters and culture through his unique experience of working at a conglomerate, unicorn, and advising on the buy-side of deals in Asia.

Prior to joining Rimon, Mr. Chang’s experience includes co-founding South Korean firm, Accelsior Partners, and serving as general counsel to a tech unicorn company which acquired more than 100 entities in Asia.  In his general counsel role, Mr. Chang oversaw all of the M&A, corporate and regulatory work for the company in Korea, Singapore, Thailand, Vietnam, Taiwan, and the United States.

Mr. Chang also has experience as corporate counsel for one of the largest Pan-Asia private equity/venture capital firms (with over KRW 5 trillion assets under management) in Korea, and LG International, a commodity trading and mining company of the LG Group. While working at LG International, he was seconded to an Indonesian mining company located in Borneo.

Mr. Chang is an early-stage investor and a General Partner of angel funds registered with Ministry of SMES and Start-Ups in Korea. He also served as a non-commissioned officer in the Republic of Korea Army, and received the Certificate of Appreciation from Donald Rumsfeld, the then United States Secretary of Defense.

SELECTED EXPERIENCE

General Counsel Representations

  • Regular outside counsel to DSC Investment (KRX: 241520)
  • Regular outside counsel to COOCON (KRX: 294570)
  • Regular outside counsel to McNulty Korea (KRX: 222980)
  • Regular outside counsel to Saltlux (KRX:304100)
  • Regular outside counsel to several private companies and startups
  • Regular outside counsel to Yesco Holdings (KRX: 015360)

Mergers and Acquisitions

  • Representation of a project fund sponsored by Leadcorp (KRX:012700) in connection with the acquisition of CarAuction.
  • Representation of COOP Marketing in connection with the acquisition of Aldmic Technology, an Indonesian company.
  • Representation of McNulty Korea (KRX: 222980) in connection with the acquisition of a manufacturing company.
  • Representation of Korea Pay’s Services in connection with the acquisition of the business of book&life.
  • Representation of TheSeed Partners in connection with the acquisition of a holding company.
  • Representation of Tour Baksa in connection with the sale of the company.
  • Representation of Aim System in connection with the sale of the company to a private equity fund.
  • Representation of SamwooGreen in connection with the sale of the company to Anchor Equity Partners.
  • Representation of Yellomobile in connection with the acquisition of companies in Korea, Indonesia, Vietnam, and Singapore.

Venture Capital Financings

  • Representation of DSC Investment (KRX: 241520) in various venture capital investments.
  • Representation of MUSINSA Partners in connection with its investment in various e-commerce companies.
  • Representation of Ascendo Ventures in connection with its investment in startups.
  • Representation of DS Asset Management in connection with the financing of Boryungbiopharma.
  • Representation of Saltlux (KRX:304100) in connection with its Pre-IPO financing by Hyundai Group.
  • Representation of Nextbiomedical in connection with the sales of its Series C Preferred Stock in the amount of $20 million.
  • Representation of Houstep in connection with the sales of its Series B Preferred Stock in the amount of $10 million.
  • Representation of BeeCanvas in connection with the sales of its Series A Preferred Stock.
  • Representation of Yellomobile in connection with its Pre-IPO financing in the amount of $93 million.

Fund Formation

  • Representation of Openwater Investment in connection with its venture investment fund formation with a US general partner.
  • Representation of Ascendo Ventures in connection with its venture investment fund formation with foreign limited partners.
  • Representation of Maple Investment Partners in connection with its Korea venture fund formation.

Initial Public Offerings

  • Representation of a US company in connection with its public offering on the Korea Exchange.
  • Representation of an artificial intelligence software company in connection with its public offering on the Korea Exchange.
  • Representation of a smart factory software company in connection with its public offering on the Korea Exchange.

Joint Ventures and Strategic Partnerships

  • Representation of Saltlux (KRX:304100) in connection with a joint venture with Clinomics (KRX: 352770).
  • Representation of Daewoong Therapeutics in connection with a joint venture with Daewoong pharmaceutical (KRX: 069620).
  • Representation of BeeCanvas in connection with a flip transaction to the U.S.
  • Representation of Nextbiomedical in entering a distribution agreement with Medtronic, a US company.

AWARDS AND RECOGNITION

  • In-House Lawyer of the Year, Asian Legal Business Korea Law Awards, 2016 – Finalist

MEMBERSHIPS

  • Korean Bar Association
  • Korea International Trade Association (International Trade Specialist)

EDUCATION

Sungkyunkwan Law School

J.D.

Seoul National University

BS (Mechanical and Aerospace Engineering)

PREVIOUS EXPERIENCE

  • Accelsior Partners (Managing Partner & Co-Founder)
  • Yellomobile Inc. (General Counsel)
  • STIC Investment Inc.
  • LG International Corp.

    ADMISSIONS

  • Korea

    Languages

  • English
  • Korean