Pusan Pacific Law Office is recognized domestically and abroad as a leading Korean law firm for maritime and admiralty matters.

As a result of the Lehman Bros. collapse in 2008 and the following global economic crisis, there were a great number of disputes involving Korean shipbuilders including types of disputes that had never been seen before in Korea. From the beginning of 2009, previously unheard disputes unfolded as Korea shipbuilders, foreign and domestic shipowners, banks, insurance companies, government financial institutions, foreign reinsurers, sub-contractors, classification societies, and virtually all other industries related to shipbuilding felt the effects of the financial crisis. The financial crisis and resulting disputes affected not only the existence of small and mid-sized shipbuilders, but also rocked public organizations and entire regional economies.

From the early 2000s, Pusan Pacific has made a name for itself as an expert law firm for shipbuilding matters. In 2009, the Korean government identified several shipbuilders as targets for workout. At that time, virtually all financial institutions in Korea sought out Pusan Pacific for legal consultation. The firm handled workouts, shipbuilding contract disputes, refund guarantee disputes, etc. for nearly every small and mid-sized shipbuilder in Korea. More than half of the members of the Korea Offshore & Shipbuilding Association utilize our services. Also, major English law firms seek our legal opinions and assistance with shipbuilding and other maritime cases in English jurisdictions that involve Korean law.