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In March 2006, two leading South Korean law firms Kim Shin & Yu and YOON & YANG merged together, in a vigorous response to the fast changing climate of the global legal market. Therefore, the IP law practice groups of both firms were combined. With the Korean domestic legal services market under pressure to open up to foreign competition, the desire to provide increasingly diversified and enhanced legal services to our international and domestic clients has surfaced more than ever before. Remaining at the forefront in providing comprehensive IP protection to all of our clients, YOON & YANG strives to provide the best, most reliable, quality legal services at reasonable rates our clients have come to expect.
The law firm previously known as Kim Shin & Yu was one of South Korea's first law firms boasting more than 40 years of in-depth experience in IP protection in South Korea and abroad. As Kim Shin & Yu we gained international respect through our proven expertise in the field of IP law, continued investments in professional development through specialized overseas study and training programs, as well as close partnerships with the world's leading IP law firms. Attesting to this reputation, Kim Shin & Yu was selected as one of four South Korean IP Firms of the Year 2004 by Asia Law & Practice.
The IP Law Practice Group of our new firm, YOON & YANG, boasts a diverse team of experienced patent and trademark attorneys including advanced degree holders specializing in chemical, mechanical and biotechnology. As well, other attorneys have extensive experience working as examiners, prosecutors and judges at the Korean Intellectual Property Office. Attorneys also hail from some of Korea's other top law firms and those experienced in the R&D labs of Korea's leading companies; and foreign attorneys from the world's leading legal services groups. Paralleled by few others in Korea, our attorneys enable us to provide high-caliber, highly-specialized legal services in a broad range of IPR.
The close cooperation of the patent and trademark attorneys with our attorneys-at-law in our Legal Department at YOON & YANG further enables us to achieve a competitive edge in a broad range of IP disputes, from infringement to Patent Court and KIPO trials. Our comprehensive experience and proven expertise in international operations involving intellectual properties empowers us with precise solutions for the acquisition of IP rights and the fast settlement of disputes involving intellectually property in countries worldwide to the benefit of our clients.