Corporate and M&A: foreign firms in South Korea

O'Melveny

M&A is a flagship component of the corporate practice at O'Melveny, with an impressive client roster turning to the firm for assistance with M&A transactions, joint ventures, leveraged acquisitions, and private equity buyouts. The team is jointly led from Seoul by Daniel Sae-Chin Kim, a go-to contact for multinational clients on M&A transactions and international joint ventures, and Woojae Kim, an active advisor on high-value M&A and joint ventures across key industries, such as the technology, manufacturing, and energy industries. Hae-in Park is a key point of contact for some of the firm’s larger clients and provides counsel to Korean and multinational companies on M&A, joint ventures, and IPOs.

Praxisleiter:

Daniel Sae-Chin Kim; Woojae Kim


Weitere Kernanwälte:

Hae-in Park


Referenzen

‘A very dedicated team, including partners and associates who have deep knowledge.‘

‚O’Melveny & Myers has a very specialised team for each area when we need their professional advice.’

‘Always provides very insightful and helpful advice whenever we need their help. Not only for providing advice, the O’Melveny & Myers team represent our side for every situation.’

Kernmandanten

Samsung Electronics


Samsung Display


SK hynix


SK Innovation E&S


SK Telecom


SK On (EV battery business of SK Group)


Hyundai Motor


Hyundai Mobis


CJ Group


Yanolja


Kakao Healthcare


Mando


Dunamu


Viva Republica


Toss Securities


Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP has had a presence in South Korea for over thirty years, building an impressive roster of Korean clients across various industries, such as semiconductors, batteries, automotive, and financial services. In addition, the department has a track record of representing Korean and international corporations, financial institutions, and government entities in M&A and private equity transactions. Young Shin leads the department, acting on M&A, joint ventures, energy-related investments, and corporate finance transactions. Hyungsoo Kim advises buyers and investors on high-profile corporate and M&A transactions.

Praxisleiter:

Young Shin


Weitere Kernanwälte:

Hyungsoo Kim


Kernmandanten

Hanwha Aerospace and Hanwha Ocean


Hanwha Life Insurance Co., Ltd.


SK hynix Inc.


LIG Nex1 Co., Ltd.


Korea Zinc Company, Ltd.


Hanwha Systems Co., Ltd. and Hanwha Ocean Co., Ltd.


Hanwha FutureProof LLC


Highlight-Mandate


  • Assisted Hanwha Aerospace Co., Ltd. and Hanwha Ocean Co., Ltd. with their US$260m acquisition of shares of NextDecade Corporation from York Capital Management Global Advisors.
  • Advised Hanwha Life Insurance Co., Ltd. on its acquisition of a 75% stake in the parent company of Velocity Clearing, broker-dealer based in the U.S.
  • Advised Hanwha FutureProof LLC on the purchase of certain asset-backed securities from EnFin Corp., which comprises bonds backed by thousands of consumer loans used to finance residential solar installations.

White & Case LLP (Foreign Legal Consultant Office)

With over four decades of activity in Seoul, White & Case LLP (Foreign Legal Consultant Office) ‘combines the institutional depth of a large law firm with the agility and personalisation of a boutique’ to excel in outbound transactions, including M&A, joint ventures, and private equity deals. Practice head Dongho Lee is a key practitioner for Korean and global clients, including private equity firms, conglomerates, and technology companies, on cross-border M&A transactions.

Praxisleiter:

Dongho Lee


Weitere Kernanwälte:

Yoon Choi


Referenzen

‘Compared to other firms I have worked with, this practice combines the institutional depth of a large law firm with the agility and personalisation of a boutique. They are not just “bigger” — they’re better aligned with our needs.’

‘In a fast-moving business environment, responsiveness matters. This team is consistently highly available, efficient, and clear in their communication. We’ve never had to chase them for answers — they anticipate our needs and stay one step ahead.’

‘Partner Dongho Lee, in particular, stood out for his meticulous attention to detail and ability to manage high-pressure timelines without compromising quality.’

Ashurst Korea JV

Collaborating with Korean firm HwaHyun, Ashurst Korea JV is recognised for its stream of cross-border outbound acquisitions, investments, and corporate matters. As the global head of the firm’s Korea practice, John Kim ‘understands how Korean businesses operate and has deep knowledge and expertise regarding cross-border matters’. Korean-qualified practitioner Lawrence Jhe is managing partner at the Korean office and adds inbound transactional capabilities to the team. Out of the Hong Kong office, Huiyeon Kim handles complex cross-border M&A and joint venture formations, while Jeongtaek Kim advises across the telecoms, media, and construction sectors, among others, on cross-border M&A.

Praxisleiter:

John Kim; Lawrence Jhe


Weitere Kernanwälte:

Huiyeon Kim; Jeongtaek Kim


Referenzen

‘Their ability to handle multi-jurisdictional issues smoothly really sets them apart. Their operations appear seamless to the client – I am sure a lot goes on behind the scenes, but what I see from the client’s perspective is a smooth, tailored delivery of product and service throughout Ashurst’s global network.’

‘They understand our business priorities and tailor their advice to fit the commercial context, not just the legal framework.‘

‚Their recommendations are always on point and aligned with our internal goals and strategies. In short, they are our trusted counsel.’

Kernmandanten

Hyundai Card


Kamal Saleh H Al-Mana


Liberty Steel Group


Celltrion


Mubadala Investment Company


DLA Piper

Regarded by clients for its ‘great collaboration between offices around the world’ and excelling in cross-border M&A, DLA Piper’s Korean office adopts a structure of lawyers aligned to specific industry sectors to deliver expertise to clients. Korean managing partner Daniel Lee is experienced in cross-border M&A transactions and foreign direct investments. Luke Gannon heads up the Asia corporate practice and has in-depth knowledge of corporate finance transactions, including M&A and fund raising. The team was further strengthened by the arrival of Jang Hyuk Yeo from Greenberg Traurig LLP in November 2024, who handles M&A, minority investments, and general corporate matters.

Praxisleiter:

Daniel Lee; Luke Gannon


Weitere Kernanwälte:

Jang Hyuk Yeo


Referenzen

‘Great collaboration between offices around the world. Quick to gather the relevant subject matter experts on short notice to provide advice.’

‘Jang Hyuk Yeo of the Seoul office has been a trusted partner with whom I’ve worked since over 8 years. He’s a reliable, responsible, responsive and proactive lawyer focused on getting us solutions.’

‘DLA’s team was able to get the job done in a very efficient and timely manner, while providing us with all the information that we requested for as per the agreed work scope.’

Kernmandanten

Korean Air Lines Co., Ltd.


POSCO International


Highlight-Mandate


  • Advised Korean Air Lines on its USD1.4bn acquisition of Asiana Airline specifically related to its global merger filings (as required) and other regulatory filings.
  • Advised POSCO International on its USD40m equity subscription in, and execution of offtake agreements with, Black Rock Mining, an ASX-listed company that owns a project company in Tanzania that explores, develops and produces natural graphite and other minerals.

Ropes & Gray LLP

Fielding on-the-ground specialists, Ropes & Gray LLP's Korean practice is noted for its work on high-value inbound and outbound M&A transactions, and it is particularly notable for its work in the private equity, technology, and life sciences sectors. At the helm of the practice, Jaewoo Lee has developed a diverse client base for the firm, and Lee is a leading name for corporate and M&A transactions related to the Korean market. The team benefits from Keun Shin's deep knowledge of complex cross-border M&A, investments, joint ventures, and other corporate transactions. Ethan Kim and JC Kim are also recommended.

Praxisleiter:

Jaewoo Lee


Weitere Kernanwälte:

Keun Shin; Ethan Kim; JC Kim


Referenzen

‘Korea office representative, Jaewoo Lee, has done an excellent job in positioning his firm to focus on global private equity firms investing into Korea (cross-border inbound into Korea).’

‘Jaewoo Lee (head of office) is a top-notch M&A lawyer to whom sophisticated global and domestic private equity firms go to for advice. He is smart, reliable and solution-oriented.’

Kernmandanten

Bain Capital Private Equity


Bain Capital Special Situations


E-mart


KKR


Korea Investment Corporation


Naver Corporation


TPG


Baker McKenzie & KL Partners Joint Venture Law Firm

Baker McKenzie & KL Partners Joint Venture Law Firm is sought after by domestic and international companies for outbound and inbound Korea-related work, particularly standing out for its work in the infrastructure, IT and communications, and media industries. Hong Kong-based Won Lee leads the team, advising clients on cross-border M&A and investment projects. Albert Chung handles cross-border M&A, with a particular focus on investments in the manufacturing, technology, energy, and infrastructure sectors, and Jae-Hyon Ahn focuses on financing for financial institutions and international companies. Seong Hoon (Sean) Yi is another notable member of the department.

Praxisleiter:

Won Lee


Weitere Kernanwälte:

Albert Chung; Jae-Hyon Ahn; Geunyoung Kim; Hojoon Lee; Seong Hoon (Sean) Yi


Referenzen

‘The Baker McKenzie Korea team are truly committed, responsive and excellent in communication with the business people as well, which is essential for fast progress and trust.

‘I highly appreciate working with lead partner Jae-Hyon Ahn, as well as his team members Geunyoung Kim and Hojoon Lee. They work directly with us and leverage the global Baker McKenzie team whenever necessary, while retaining the lead in working with us as a client.’

‘Jae-Hyon Ahn excels through his high responsiveness and calm guidance through the matter. His background and experience enable him also to bridge cultural aspects.’

Kernmandanten

LG Electronics Inc.


Hansae Yes24 Holdings Co., Ltd.


Hyundai Motor Company


Highlight-Mandate


  • Representing Hyundai Motor Company in its formation of a joint venture with the Public Investment Fund, a Saudi Arabian sovereign wealth fund, to establish a smart assembly and manufacturing facilities in Saudi Arabia.
  • Represented LG Electronics Inc. in its additional investment into Rinse, Inc.
  • Acted as the lead counsel of Hansae Yes24 Holdings Co., Ltd. in the acquisition of the majority shares in Erae AMS Co., Ltd. (Target).

Milbank

Milbank's Korean practice receives work from the technology, renewables, biopharmaceuticals, heavy industry, and financial services sectors in investment, M&A, and corporate finance. The team is led by David Cho, a seasoned advisor on cross-border M&A, corporate finance, and capital markets transactions, particularly excelling in the industrial space. Spencer Park is notably skilled in outbound corporate and real estate investments involving South Korean asset management and investment clients.

Praxisleiter:

David Cho


Weitere Kernanwälte:

Spencer Park


Referenzen

‘What makes this practice unique is its ability to combine great legal expertise with strong commercial insight and a deep understanding of the Korean market.‘

‚The team brings a strategic perspective to transactions, with standout individuals like David Cho and Spencer Park who are not only highly experienced but also deeply engaged throughout the deal process.‘

‘David Cho and Spencer Park of the Milbank Korea team stand out for their deep understanding of the Korean market environment and deal dynamics. They consistently provide advice that is not only legally sound but also commercially insightful, demonstrating a strong appreciation for the business context in which we operate.’

Kernmandanten

SK geo centric Co., Ltd.


SK bioscience Co., Ltd.


SK Inc.


SK networks Co., Ltd.


SK hynix Inc.


Oaktree Capital Management


SK Square Co., Ltd.


SK ecoplant Co., Ltd.


i-SENS Co., Ltd.


SKC Co., Ltd.


SK gas Co., Ltd.


SK biopharmaceuticals Co., Ltd.


Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR)


AgaMatrix Inc.


Hico Ventures I LLP


Qoo10 Pte. Ltd.


Highlight-Mandate


  • Advising SK Hynix Inc. on its acquisition of the global SSD/NAND business from Intel.
  • Advised Hico Ventures, I, LP, a venture capital fund managed by a Hico Management LLC as investment advisor (which is a indirectly owned 100% by SK networks) on continued work after the formation of the Hico Fund, including in multiple investments.
  • Represented SK geo centric Co., Ltd. in connection with its initial proposed Asia joint venture arrangement with Loop, to deploy Loop’s circular plastics recycling technologies across the Asian market.

Paul Hastings LLP

With a client roster comprised of global multinationals and South Korean conglomerates, Paul Hastings LLP covers the entire scope of multi-jurisdictional M&A and corporate mandates, utilising the firm’s global network and expertise in complementary practice areas. Dong Chul Kim oversees the team and is a key advisor to Korean corporations on outbound M&A transactions. Iksoo Kim provides assistance to strategic and private equity clients on domestic and cross-border M&A transactions.

Praxisleiter:

Dong Chul Kim


Weitere Kernanwälte:

Iksoo Kim


Kernmandanten

Hanwha Group


Mirae Asset Global Investments


SK Telecom


Lotte Chemical Corp.


Samsung Electronics Co., Ltd.


HYBE


SD Biosensor


Highlight-Mandate


  • Represented Mirae Asset Global Investments in connection with the formation of a US$452m joint venture in the U.S. to develop and redevelop logistics assets with the contribution of properties from CJ Logistics and funding from KOBC.
  • Advised Hanwha Systems and Hanwha Ocean on a US$100m acquisition of Philly Shipyard, a leading U.S. shipbuilder and a member of the Norwegian-based Aker family of global companies.
  • Advised Lotte Chemical Corp. on the US$477m sale of equity securities of Lotte Chemical Louisiana LLC to financial investors.

Latham & Watkins LLP

Latham & Watkins LLP's practice is well-equipped to serve Korean and multinational companies in outbound and inbound cross-border M&A and private equity transactions. Overseeing the team out of the Hong Kong office, Wonsuk (Steve) Kang is a key contact for Korean companies on strategic corporate transactions. In Seoul, Regina Kim advises clients on both outbound and inbound investments and corporate transactions.

Praxisleiter:

Wonsuk (Steve) Kang


Weitere Kernanwälte:

Regina Kim


Kernmandanten

LG Display


Samsung Medison Co., Ltd.


Hyundai Motor Company


LG Energy Solution


Samsung Electronics


Samsung Biologics


Hanwha


CJ E&M


Warburg Pincus


Highlight-Mandate


  • Advised LG Display on a series of transactions to dispose of its entire interest in LG Display (China) and LG Display (Guangzhou), which manufacture liquid crystal display (LCD) panels and modules in China, as it shifts its focus to organic light-emitting diode (OLED) technology.
  • Advised Samsung Medison, a global medical equipment company and an affiliate of Samsung Electronics, on its agreement to acquire 100% of the shares of Sonio SAS, a fetal ultrasound AI software company.
  • Assisted Warburg Pincus with its joint agreement with SK D&D, one of South Korea’s largest multifamily operators and developers, and D&D Investment, the subsidiary asset management arm of SK D&D, to invest in the senior housing market in South Korea.

Linklaters

Noted for its skill in handling renewable energy and infrastructure transactions, Linklaters is turned to by a client roster of Korean conglomerates, financial institutions, and international investors. The team is particularly skilled at handling transactions in renewable energy and infrastructure. Seoul-based Joo Hee Lee exemplifies this in particular, combining aptitude in energy and infrastructure with a demonstrable track record on cross-border transactions, while Betty Yap acts for private equity funds in cross-border M&A, co-investment transactions, and joint ventures out of the Hong Kong office. The two lead the team alongside Robert Elliott  and Yoshiyuki Asaoka. Kevin Kang joined from Bae, Kim & Lee LLC in May 2024, strengthening the team's abilities surrounding growth capital, structured investments, and cross-border M&A.

Praxisleiter:

Joo Hee Lee; Betty Yap; Robert Elliot; Yoshiyuki Asaoka


Weitere Kernanwälte:

Kevin Kang


Kernmandanten

Actis


Synera Renewable Energy Co., Ltd.


Stonepeak Infrastructure Partners


Intel Corporation


RWE Renewables Korea LLC


Highlight-Mandate


  • Advised Actis Asia Climate Transition LP on its acquisition of 100% of shares in Argo Energy Holding Limited („Target“) from Corys Environmental Investments LLC, Creek Capital Partners, Creek Capital Limited and Jose Luis Blasco Marquino.
  • Advised Synera Renewable Energy Co., Ltd., Stonepeak’s offshore wind developer platform based in Taiwan, on its acquisition of 49% shareholding in Moondo Offshore Wind Energy Co., Ltd. to develop the 840MW Moondo offshore wind project in Geomoondo, Yeosu, Korea.
  • Advised Stonepeak Infrastructure Partners on their acquisitions of three solar portfolios in Korea under a joint investment and co-purchase with a Korean renewables developer, Topinfra Co., Ltd.

Simpson Thacher & Bartlett LLP

The Hong Kong-based Korean practice at Simpson Thacher & Bartlett Hong Kong actively advises on M&A and private equity investments, both public and private, as well as inbound and outbound transactions. Jin Hyuk Park spearheads the Korea practice, with over thirty years of experience in M&A transactions, including representing clients in acquisitions across China, Korea, and the United States. Joongwon Park routinely assists clients with M&A transactions, including buyouts and minority investments.

Praxisleiter:

Jin Hyuk Park


Weitere Kernanwälte:

Joongwon Park


Referenzen

‘Responsive and eager to deliver the best results.’

‘Highly experienced in corporate/investment-related matters.‘

‚Always makes a great effort to view the issues from the company’s perspective to provide tailored advice to address our needs.’

Kernmandanten

Ant Group


Blackstone


Kohlberg Kravis Roberts & Co.


SK E&S


SK Inc.


SK Pharmteco


SK Telecom Co., Ltd.


Highlight-Mandate


  • Assisted KKR with it sale of Ecorbit.
  • Acted for SK Telecom and SAPEON Korea in their merger with Rebellions Inc.
  • Advised Blackstone on its acquisition of JJ Tools.