JIPYONG LLC

Since its establishment in 2000, Jipyong has accumulated extensive experience in capital markets, serving as legal counsel to key institutions such as the Financial Supervisory Service, Korea Exchange, Korea Securities Depository, and Korea Financial Investment Association.  The firm has demonstrated outstanding expertise in domestic and international ECM markets, successfully managing numerous IPOs and overseas securities offerings for Korean and foreign companies.  Furthermore, Jipyong has provided optimal consulting services to listed companies facing potential delisting risks due to various reasons, including auditor’s opinion disclaimers, embezzlement, and breach of trust. In alignment with the 'Value-up' initiative to advance Korea’s capital markets, Jipyong established the Continued Listing Advisory Center.  This Center integrates expertise from capital markets, accounting supervision, digital forensics, financial and securities criminal law and litigation, insolvency, and M&A to provide differentiated and comprehensive consulting services to listed companies seeking to maintain their listing eligibility.  In February 2025, Mr. Nam Gi CHAE, former Vice President of the Korea Exchange, was appointed as the Head of the Continued Listing Advisory Center.

[Extensive Exchange Network and Proven Expertise]
The Continued Listing Advisory Center, led by Advisor Mr. Nam Gi CHAE (Head of the Center), who served 32 years at the Korea Exchange (KRX) in various leadership roles, including Head of the KOSPI Market Division, Managing Director of the KOSDAQ Market Division, and Head (Deputy President) of the Management Support Division, and as Chairman of the Korea Investor Relations Service (2022–2024).  The Center provides comprehensive and practical consulting services to listed companies designated or at risk of being designated for listing eligibility review. Its team includes Mr. Brian KIM, Senior Advisor and former Executive Director at the KRX, responsible for listing, substantive examination, and disclosure; Mr. Haeng Gyu LEE, Managing Partner and former member of the Korea Exchange’s Corporate Review Committee and Listing and Disclosure Committee; and Ms. Yung Eun JANG, Senior Advisor (CPA, Deputy Head of the Center), who served as Head of the Corporate Review Team and Listing System Team at the KRX. In total, the Center comprises over 30 attorneys and accountants with specialized expertise across various related fields.
 

[Comprehensive Analysis and Listing Maintenance Solutions]
The Center consists of a seamlessly integrated team of experts in all relevant advisory fields—including law, accounting, forensics, internal investigation, and litigation—enabling it to deliver optimal outcomes for companies that are at risk of, or have been designated for, a listing eligibility review.  By leveraging this multidisciplinary expertise, the Center provides a comprehensive one-stop solution for maintaining listing eligibility from the earliest stage of response.
 

[Extensive Experience and Proven Track Record]
Jipyong has a strong record of successfully advising companies through complex listing eligibility reviews, including clients such as an innerwear manufacturer J, a food franchise M, a construction company J, and a mold manufacturer S.  The firm has also provided effective counsel in delisting-related matters for a diverse range of clients, including an industrial equipment distributor F, a steel pipe manufacturer K, a software developer H, a semiconductor machinery manufacturer V, a pharmaceutical company K, an engineering services company K, a semiconductor inspection equipment manufacturer W, a construction company K, a semiconductor component manufacturer B, an apparel manufacturer D, an energy material manufacturer S, a furniture manufacturer B, an electronic parts manufacturer N, and a capital company M.  Drawing on its comprehensive and systematic approach to listing eligibility issues, in-depth knowledge of Korea Exchange practices, and extensive experience, the Continued Listing Advisory Center remains committed to providing timely, tailored advisory services.  These services are designed to address each client’s unique needs and circumstances, supporting them in maintaining their listing status, achieving prompt business normalization, and continuing to enjoy the benefits of the capital markets while fulfilling their responsibilities to officers, employees and shareholders.