Jipyung LLC has brought on adviser Son Hyeong-chan, who served as head of the Contract Management Directorate and head of the Future Force Programs Directorate at the Defense Acquisition Program Administration. The move aims to meet growing demand for legal and regulatory advice on defense procurement, export controls, and government-to-government (G2G) transactions as defense exports expand.
Jipyung said on the 1st that adviser Son joined the Global Defense and Security Team. Son is a defense expert who oversaw defense acquisition contracts and major force buildup projects at the procuring agency.
As head of the Contract Management Directorate at the Defense Acquisition Program Administration, Son handled defense industry contract systems, and as head of the Future Force Programs Directorate, he oversaw major weapons systems acquisition programs.
He also built hands-on experience in defense budgeting and finance. Son served as budget chief and finance branch chief at Army Headquarters and as head of the Defense Financial Management Corps at the Ministry of National Defense. He then continued research and teaching in security as a professor in the Department of National Security at Sangji University and also worked as executive director for management at the Military Mutual Aid Association.
At Jipyung's Global Defense and Security Team, Son will handle defense contracts, defense acquisition advisory work, and responses to related regulations. He is expected to draw on his experience with the procuring agency's decision-making criteria and program execution structures for risk management at the bidding and contracting stages and for handling contract disputes.
In Mar., Jipyung created the Global Defense and Security Team to respond to expanding defense exports and changes in the regulatory environment. The firm judged that as domestic defense corporations' overseas operations expand beyond simple exports to building overseas production bases, technology transfers, G2G transactions, and long-term maintenance, repair and overhaul (MRO), legal issues such as export controls, economic sanctions, foreign investment, and international disputes are also increasing.
The Global Defense and Security Team provides advice in the defense and security fields, including defense procurement, export controls, foreign investment, and international disputes. From the bidding and contracting stages to financing, construction of local production bases, and responses to disputes and investigations, experts in corporate advisory, finance, construction, infrastructure, and criminal practice work together in an integrated structure.
The team is composed of about 20 members. Attorney Kang Jae-young, who has advised corporations in the defense sector, serves as Head of Team. Key members also include attorney Jeong Cheol, head of Jipyung's International Group and head of the Global Risk Response Center, and attorney Park Hyo-min, who handled international trade practice at the Ministry of Foreign Affairs and Trade and the Ministry of Trade, Industry and Energy.
Kang Jae-young, head of Jipyung's Global Defense and Security Team, said, "The defense industry has entered a stage where legal and regulatory risks determine business success or failure as exports expand, supply chains are reshaped, and export controls and economic sanctions are strengthened," adding, "With adviser Son's addition, we have built advisory capabilities that span from practical risks at the contracting and dispute stages to large G2G export matters that combine defense fiscal structures."