Next Generation Partners

Leading Associates

Capital markets: local firms in South Korea

Bae, Kim & Lee LLC

Bae, Kim & Lee LLC has cemented its reputation as a powerhouse in the capital markets space, and the department remains active in high-profile IPOs, public offerings and debt securities. The team also receives a varied stream of instructions on programme set-ups and takedowns, green bonds and block trades. Eui Jong Chung has a proven track record in domestic and foreign issuances of securities, acquisition finance and project finance, while Jeong-Hoon Lee is a leading name for IPOs. Heesug Chung oversees corporate financing, foreign direct investment, acquisition finance and project finance, and Yelim Hyon works closely with issuers and investment banks on an array of securities transactions, as well as public and private offerings.

Praxisleiter:

Hakkyun Kim


Weitere Kernanwälte:

Eui Jong Chung; Jeong-Hoon Lee; Heesug Chung; Yelim Hyon; Hee-Gang Shin


Referenzen

‘What makes the capital markets practice at Bae, Kim & Lee stand out from other firms is that they have in-depth experience in advising foreign companies to list on the Korea Exchange. Their advice was valuable in that they could refer to the past precedents.’

‘Mr. Hee-Gang Shin was the most excellent partner that I worked with in my legal career. Not only does he have deep expertise in capital markets, but he also has a passion for capital markets, and he made himself available whenever we needed his advice.’

‘Mr. Heesug Chung is an excellent partner. He has in-depth experience in capital markets.’

Kernmandanten

Goldman Sachs (Asia) L.L.C.


JPMorgan


KB Securities


Korea Development Bank


Korea Hydro & Nuclear Power Co., Ltd.


Macquarie Asset Management Co., Ltd.


Mirae Asset Securities Co., Ltd.


Morgan Stanley


Seoul Guarantee Insurance Company (SGI)


The Export-Import Bank of Korea (KEXIM)


Highlight-Mandate


  • Advised on WEBTOON Entertainment’s landmark NASDAQ IPO, providing Korean legal counsel to the underwriters and ensuring cross-border regulatory compliance for NAVER’s first US listing.
  • Advised the underwriters in HD Hyundai Marine Solution’s KOSPI IPO, Korea’s largest since 2022, providing end-to-end Korean legal counsel and facilitating successful international placements.
  • Advised Goldman Sachs on the KRW 113 billion block sale by Alipay of its 2.66% stake in Kakaopay, providing sole Korean legal counsel on transaction structure, documentation and regulatory compliance.

Kim & Chang

Issuers, underwriters and investors regularly turn to Kim & Chang’s capital market practice for a one-stop service on equity and bond offerings, as well as hybrid instruments and derivatives. Kye Sung Chung oversees the team, which includes Myoung Jae Chung, who brings deep knowledge of IPOs and other equity offerings in overseas and domestic markets. With additional finance acumen, Seung Jae Yoo is a key contact for foreign and domestic financial institutions on capital markets work. Tae Min Yun regularly advises a broad client roster of domestic and foreign financial institutions and securities companies. Hyungjune An is experienced in capital market regulations and equity and debt offerings. Chang Hyeon Ko left the firm in March 2025.

Praxisleiter:

Kye Sung Chung


Weitere Kernanwälte:

Myoung Jae Chung; Seung Jae Yoo; Tae Min Yun; Hyungjune An; Yong Seung Sun; Yong-Ho Kim


Referenzen

‚Unmatched expertise and experience across all aspects of its practice. Beyond its exceptional legal capabilities, the team also maintains a strong and trusted network with financial regulatory authorities, enabling it to resolve complex issues effectively and pragmatically when challenges arise. This ability to deliver practical, results-driven solutions—grounded in both legal insight and regulatory understanding—is a distinctive strength that sets the firm apart from others.‘

Kernmandanten

J.P. Morgan Securities (Far East) Limited


Citigroup Global Markets Korea Securities Limited


Morgan Stanley


Goldman Sachs


BNP Paribas


Credit Suisse


Korea Housing Finance Corporation


KB Securities


Shinhan Securities


ING Bank N.V. Seoul


Highlight-Mandate


  • Advised Webtoon Entertainment Inc. on its IPO in the US securities market.
  • Advised Korea Housing Finance Corporation on new innovative covered bond transaction structures.
  • Advised the underwriters for the IPO of LG CNS in the KOSPI market.

Lee & Ko

Lee & Ko has a well-established reputation as an expert advisor on cross-border capital market transactions across a variety of industries. On the DCM front, the team is experienced with debt instrument transactions across major markets, such as Samurai Bonds and Eurobonds. Spearheading the team, Hyunjoo Oh is an authority on structured capital market products, licensing and disputes. Jun Woo Cho has been engaged in high-profile listings on the Korean Exchange, while Seung-A Hyun covers international and domestic debt offerings, spanning from sovereign bonds to policy bank issuances. Jiseon KIM has developed a broad equity capital markets practice, covering convertible bonds, exchangeable bonds and IPOs. Kyuhyeok Choi supports Korean institutional banks and conglomerates in international debt offerings.

Praxisleiter:

Hyunjoo Oh


Weitere Kernanwälte:

Jun Woo Cho; Seung-A Hyun; Jiseon Kim; Kyuhyeok Choi


Referenzen

‘A strong team where each individual is very responsive and has the knowledge to cope with complex legal issues, domestic and international.’

Kernmandanten

National Pension Service


Export-Import Bank of Korea


Korea Development Bank


Korea Post


Standard Chartered Bank


BNP Paribas


Citigroup Global Markets Inc.


ING Bank


The Hongkong and Shanghai Banking Corporation Limited


Deutsche Bank


Korea Investment Corporation


J.P. Morgan Securities LLC


Samsung Securities Co., Ltd.


SK On Co., Ltd


LG CNS


Meritz Securities Co., Ltd.


Hana Bank


Shinhan Bank


NH Investment & Securities


KBank


Highlight-Mandate


  • Advised LG CNS on its listing on the KOSPI market of the Korea Exchange.
  • Advised on the Republic of Korea’s issuance of foreign exchange stabilisation bonds worth $1bn in the US market in July 2024.
  • Advised the underwriters in SHIFT UP Corporation’s IPO on the KOPSI market of KRX in July 2024.

Shin & Kim

Shin & Kim is known for its expertise in high-profile IPOs, representing issuers across various industries, as well as its ongoing activity in REIT offerings. Regarded as ‘one of the top experts in capital markets’, department head Tae-Yong Seo is highly active in IPOs and bond issuances. Jong-Uk Lee is noted for his work on asset-backed securities and covered bond deals in or pertaining to Korea. Yong Jin Park is sought after by domestic and foreign clients on both equity and debt market transactions, particularly noted for his work on domestic and overseas bond issuances. Kevin (Woo Hyuk) Choi advises global financial institutions, conglomerates and asset management companies on IPOs, debt issuances and fund registrations. Hyeongeun Yoon acts on IPOs and domestic and international securities offerings. Seongkoo Cheong joined from Kim & Chang in September 2024.

Praxisleiter:

Tae-Yong Seo


Weitere Kernanwälte:

Jong-Uk Lee; Yong Jin Park; Kevin (Woo Hyuk) Choi; Hyeongeun Yoon; Sung Hee Song; Seongkoo Cheong


Referenzen

‘We are usually working with Tae Yong Seo, a partner of Shin & Kim. He is one of the top experts in capital markets, having advised most prominent financial institutions in South Korea. We would highly recommend him to other players in capital markets.’

‚All of its partners are engaged in this area at least over 15 years. They are very good at complex transactions.’

‘Mr. Tae Yong Seo is a very famous lawyer in capital market business. He is an expert in IPO and PEF. He has a good grasp of the capital market regulations and is very familiar with the market practice. We are very impressed with his extensive knowledge of legal issues in this area.’

Kernmandanten

The Korea Development Bank


The Korea Export-Import Bank (KEXIM)


Shinhan Bank Co., Ltd.


Macquarie Korea Asset Management Co., Ltd.


Korea Investment & Securities Co., Ltd.


Kakao Corp.


Finemedix Co., Ltd.


SemiFive Inc.


Kistron Co., Ltd.


SK Battery America, Inc.


Korean Air Lines Co., Ltd.


Shinhan Card Co., Ltd.


Hyundai Card Co., Ltd.


Lotte Card Co., Ltd.


Hyundai Capital


LG Electronics India Private Limited


CLSA Capital Partners (HK) Limited


BNP Paribas


Aspex Management


DBS Bank Ltd


Société Générale


DST Global Services


Highlight-Mandate


  • Acted as Korean counsel for issuer SemiFive Inc on an IPO and listing on the KOSPI Market of the Korea Exchange.
  • Advised the underwriter on the issuance by The Export-Import Bank of Korea of $850,000,000 4.625% Sustainability Notes due 2028, $1,250,000,000 4.875% Notes due 2030, $500,000,000 5.250% Notes due 2035, and $400,000,000 Floating Rate Notes due 2028.

Yoon & Yang LLC

Yoon & Yang LLC offers key services in the capital markets space, including IPOs on the Korean Exchange, convertible bonds, hybrid securities and regulatory advice. Sang-Hyun Ahn, Hyun Suk Jung and Sung Woon Kang oversee the team. Kang possesses knowledge of public and private offerings, both in Korea and internationally, as well as experience in reviewing eligibility for listing. Sung Bin Jhung offers advice on compliance regulations associated with the Korean Exchange.

Praxisleiter:

Sang-Hyun Ahn; Hyun Suk Jung; and Sung Woon Kang


Weitere Kernanwälte:

Sung Bin Jhung


Kernmandanten

Hyosung


Korea Investment & Securities


NH Investment & Securities


Hanwha Investment & Securities


Samsung Securities


The Export-Import Bank of Korea (“KEXIM”)


HB Investment


Orum Therapeutics


Korea Development Bank


STIC Investments


Highlight-Mandate


  • Successfully advised KEXIM as Korean legal counsel on the issuance of $3bn in bonds under a US shelf registration, with listings on the London Stock Exchange in 2024.
  • Successfully advised KEXIM as domestic legal counsel on its global bond issuance, providing comprehensive legal support under Korean law.

Yulchon

Yulchon is sought by issuers, underwriters and investors for its comprehensive offering across regulatory compliance, transaction structuring and execution of a variety of capital market transactions. Young Su Shin and Jae Hyun Park jointly lead the team, which includes Gun Kim, who acts on stocks and bond issuances, and Kyu Sik Kim, who focuses on securitisation. Gunhee Kim specialises in debt capital markets, regularly advising on bond and note issuances.

Praxisleiter:

Young Su Shin; Jae Hyun Park


Weitere Kernanwälte:

Gun Kim; Kyu Sik Kim; Gunhee Kim; Geen Kim


Referenzen

‘Yulchon always has quick responses and gives practical advice.’

‘I have worked with Yulchon’s partner, Gunhee Kim. She explains things very well and thinks of the best way for clients.’

‘Yulchon team is just the best. The team led by Geen Kim is always ahead of the game, knowing the exact needs of their client with a ton of experience.’

Kernmandanten

Korea Development Bank


Industrial Bank of Korea


Export-Import Bank of Korea


CACTUS PRIVATE EQUITY


STIC Investment


Korea Mine Rehabilitation and Mineral Resources Corporation


BMW Financial Services Korea Co., Ltd.


Hyundai Card


Mirae Asset Securities Co., Ltd.


Hanwha Aerospace


Highlight-Mandate


  • Advised Korea Development Bank’s filing of Form S-B with the SEC as part of the annual shelf update.
  • Advised Industrial Bank of Korea in connection with the update of its GMTN programme and issuance of $800m in Social Notes.
  • Advised Cactus Private Equity and STIC Investments on the acquisition of newly issued RCPS and convertible bonds by Tmax Data.

Jipyong LLC

Jipyong LLC‘s capital markets group is geared to support clients on initial public offerings, with recent activity on the listing of companies on the KOSDAQ market. Heading the group is Joong Sung Ahn, who combines a background in M&A, private equity and financial regulation with knowledge of IPOs on the Korean Exchange. Haeng-Gyu Lee is a go-to contact for Korean companies seeking listings on international exchanges, as well as on listings on the Korea Exchange. Min Ah Seo is noted for her support on a range of mandates.

Praxisleiter:

Joong Sung Ahn


Weitere Kernanwälte:

Haeng-Gyu Lee; Min Ah Seo


Kernmandanten

MNC Solution Co., Ltd.


Sungwoo Corp.


Samhyun Co., Ltd.


INICS


CLOBOT Co., Ltd.


IMBdx Inc.


Next Biomedical Co., Ltd.


HASS Corporation


Iron Device Corporation


Dotmill Co., Ltd. and Oncocross Co., Ltd.


Highlight-Mandate


  • Advised MNC Solution on the spin-off and subsequent high secondary offering, addressing concerns regarding shareholder protection and management stability.
  • Advised Korea Investment & Securities and Sungwoo Corp. on the listing of Sungwoo Corp. on the KOSDAQ market.
  • Advised Korea Investment & Securities and Samhyun on the listing of Samhyun on the KOSDAQ market.