Partner, Antitrust and Competition Practice Group at Yoon & Yang LLC


Paul S. Rhee is a senior foreign attorney and partner in the Antitrust and Competition Practice Group at Yoon & Yang LLC in Seoul, Korea. He has been practicing in Korea for close to two decades, advising multinational corporations on all aspects of their Korean business, including government investigations and disputes. Besides regularly advising on corporate and M&A matters, his practice primarily focuses on antitrust matters involving interface between antitrust law and intellectual property rights, corporate leniency program, merger clearance, criminal prosecution, private damage claims, administrative appeals, internal audits/investigations and compliance/training. He has extensive experience representing leading multinational corporations in Korea Fair Trade Commission investigations concerning abuse of dominance, unfair trade practice (including subcontracting), false advertising, merger review and domestic and international cartels in various industries such as aerospace, medical equipment, aircraft engine, elevator/escalator, industrial motor, air cargo, air passenger, freight forwarder, marine hose, power cable, air-conditioner, pharmaceutical, mobile device, multi-level marketing, computer/television displays, software, Internet search, machine components/parts, alcoholic beverage, ophthalmic lens and semiconductor. He also has substantial experience in advising on various types of government investigations and related administrative, civil and criminal proceedings as well as on matters relating to employment/labor, anti-bribery, military/public procurement, product labeling and privacy/data protection/cloud computing.

From 2013 to 2015, Paul led his team in successfully representing Microsoft Corporation in front of the Korea Fair Trade Commission in a merger filing to acquire Nokia Corporation’s mobile device and service business and in subsequently completing the first consent decree in a merger review case in Korea, which was honored with the GCR Awards 2016 “Merger control matter of the year – Asia-Pacific, Middle East and Africa”.

From 2005 to 2016, Paul led his team in successfully representing a leading multinational elevator manufacturer's Korean subsidiary in front of the Korea Fair Trade Commission in a cartel investigation, which resulted in partial immunity, amnesty plus benefits and substantial reduction in administrative surcharge, and in a follow-on damage action filed by a major Korean customer for damages incurred from the cartel in the trial and appellate courts and the Korean Supreme Court.

In 2015 and 2017, Paul was the exclusive winner of the International Law Office/Lexology’s Client Choice Award in the category of Competition & Antitrust for South Korea based on a worldwide survey of senior corporate counsels from a pool of more than 2,000 individual client assessments. He has also been recognized as a leading antitrust practitioner by Chambers Asia-Pacific, International Legal Media’s Competition Law Experts, IFLR’s Leading Competition Lawyers, IFLR 1000 Asia Pacific, PLC Which Lawyer?, Euromoney Legal Media Group's AsiaLaw Leading Lawyers and Legal 500 Asia Pacific. For instance, in the Legal 500 Asia Pacific, he has been repeatedly commended for his antitrust expertise over many years while being praised for his ‘approach to engaging with the KFTC’ and singled out as ‘very knowledgeable and sensitive to clients’ concerns,’ ‘very knowledgeable in this practice area for which his services have been retained,’ a ‘leading figure,’ an ‘excellent lawyer’, and for ‘his knowledge of Korea's corporate leniency programme and its impact on private litigation’. Since 2009, Yoon & Yang’s Antitrust and Competition Practice Group has been designated as an ‘ELITE’ competition practice in Korea by Global Competition Review, one of the leading international antitrust and competition publication, as well as being listed as a GCR 100 law firm.

Paul frequently writes about Korean antitrust matters for international legal publications and antitrust-related publications of the American and International Bar Associations as well as for Global Competition Review’s “Know-How Private Antitrust Litigation – Korea”, LexisNexis UK’s LexisPSL Practice Note on Competition (International Cartel Enforcement and Merger Control), Thomson Reuters’ PLC Competition Law Multi-Jurisdictional Monthly Updates and PLC Cross-border Competition and Cartel Leniency Handbook, and Global Legal Group’s International Comparative Legal Guide to: Cartels & Leniency. He also has co-authored LexisNexis UK’s LexisPSL “Doing Business in Korea”.

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Areas of Practice

  • Education

    University of California, Berkeley: BA, 1991
    Syracuse University School of Law: JD, 1996


    Antitrust Law Section, American Bar Association
    Antitrust Committee, International Bar Association


    District of Columbia Bar, Connecticut Bar