Next Generation Partners

Leading Associates

Projects and energy: foreign firms in South Korea

A&O Shearman

A&O Shearman maintains a position at the top of the project development and project financing market in South Korea, with a comprehensive offering covering major international energy, infrastructure and finance transactions. The sustainable energy sector remains an area of activity for the team. Noted for his capabilities across the full value chain, Henry Sohn oversees the team, with activity on an array of renewable and conventional power, energy transition, and LNG projects. Kyu Bang is well versed in the infrastructure and transportation sectors, while Inhong Kim is noted for his capabilities in project finance transactions relating to infrastructure, renewable energy and LNG. Alice Park adds additional project and finance transaction expertise in the energy, infrastructure and natural resources sectors.

Praxisleiter:

Henry Sohn


Weitere Kernanwälte:

Kyu Bang; Inhong Kim; Alice Park


Referenzen

‚Very knowledgeable about the energy industry.‘

‚The managing partner of the Korea office is extremely experienced and well trusted by our company.‘

Kernmandanten

SeAH Wind


EcoPro BM


SK E&S (SK Innovation E&S)


Korea National Oil Corporation (KNOC)


The Export-Import Bank of Korea (KEXIM)


Korea Trade Insurance Corporation (K-SURE)


Korea Electric Power Corporation (KEPCO)


Samsung C&T


POSCO International


Hanwha Corporation


Korea Gas Corporation (KOGAS)


BNP Paribas


Standard Chartered Bank


Sumitomo Mitsui Banking Corporation


Highlight-Mandate


  • Advised EcoPro Global Hungary, a subsidiary of EcoPro BM, on its first-ever green loan in the amount of $860m for the construction of an EV battery cathode active material manufacturing factory in Hungary.
  • Advised Korean monopile manufacturer SeAH Wind, a subsidiary of SeAH Steel Holding, on its £367m initial financing and subsequent financing of £225m, for the construction of a monopile manufacturing facility, located in Teeside, UK.
  • Advised SK E&S and Prism DLNG in relation to their participation as a shareholder of the project company and the project company’s financing for the Darwin LNG liquefaction plant in Australia.

Linklaters

Linklaters’ energy and infrastructure group remains at the forefront of both inbound investments in Korean renewables and outbound energy and project financings. The experienced team covers a wide array of transactions for an impressive roster of clients from the power, gigafactory, petrochemical and infrastructure sectors. Practice head Joo Hee Lee's reputation in the project finance segment and strong relationships with Korean financiers and sponsors position her as a key advisor on multi-source project finance and project development, particularly on energy transition and low/no carbon energy projects.

Praxisleiter:

Joo Hee Lee


Referenzen

‚I believe it is Joo-Hee Lee’s leadership that has driven Linklaters Seoul to its current standing. She is deeply committed to both her work and her clients, and it is clear that she genuinely finds joy in what she does.‘

‚I have had the privilege of working closely with Joo-Hee Lee on numerous international projects, and I can confidently say she has never once let me, or anyone I have recommended her to, down.‘

‚Joo-Hee Lee consistently delivers exceptional results and excels in every aspect of her work.‘

Kernmandanten

Actis


BlackRock


Stonepeak and Synera Renewable Energy (SRE)


Anma Offshore Wind Power Co., Ltd.


KEXIM (The Export-Import Bank of Korea)


K-SURE (Korea Trade Insurance Corporation)


KDB (Korea Development Bank)


Samsung C&T


KEPCO (Korea Electric Power Corporation)


KOMIPO (Korea Midland Power Corporation)


KOSPO (Korean Southern Power Company)


KNOC (Korea National Oil Corporation)


KIND (Korea Overseas Infrastructure & Urban Development Corporation)


Lotte Chemical Corporation


Ontario Teachers Pension Plan (OTPP)


Standard Chartered Bank


ING Bank


The Bank of Tokyo-Mitsubishi UFJ, Ltd.


Credit Agricole Corporate and Investment Bank


BNP Paribas


Sumitomo Mitsui Banking Corporation


The Hong Kong and Shanghai Banking Corporation


Mizuho Bank Ltd.


CACIB


MUFG


Bank of America


Banco Santander S.A.


Highlight-Mandate


  • Advising Anma Offshore Wind Energy (backed by Equis Development) on the development, procurement and financing of its 528MW project in South Korea.
  • Advised Actis on its up to c.$100m investment into Argo Energy, a South Korean renewable energy platform focused on the development of small utility scale and rooftop solar.
  • Advising Synera Renewable Energy, Stonepeak’s offshore wind developer platform based in Taiwan, on its acquisition of 49% shareholding in Moondo Offshore Wind Energy to develop the 840MW Moondo offshore wind project in Geomoondo, Yeosu, Korea.

Ashurst Korea JV

Ashurst Korea JV‘s practice is a notable player in Korean outbound and inbound projects, with a track record of working with domestic export credit agencies (ECAs) on global projects. Anna Chung has significant expertise in project development and financing, particularly representing domestic lenders and sponsors in global developments and financings. Stella Bae works closely with government agencies, development financial institutions and commercial banks across the energy and infrastructure sectors. Out of the Singapore office, Scott Baggett is a name to note for sponsors and lenders on cross-border, multi-sourced financing involving ECAs and development finance institutions (DFIs).

Praxisleiter:

Anna Chung


Weitere Kernanwälte:

Stella Bae; Scott Baggett


Referenzen

‘Anna Chung, a Korean-based partner, is very responsive and extremely reliable and professional. She brought in her US-based colleagues to provide a seamless service in relation to a transaction.’

Kernmandanten

Samsung C&T Corporation


Korea Overseas Infrastructure & Urban Development Corporation (KIND)


Korea Expressway Corporation


KDB Infrastructure Investment Asset Management Co. Ltd.


The Export Import Bank of Korea (K-EXIM)


Korea Trade Insurance Corporation (K-SURE)


International Finance Corporation (IFC)


Asia Development Bank (ADB)


Standard Chartered Bank


British International Investment (BII, formerly CDC)


DLA Piper

DLA Piper‘s project and infrastructure practice is well placed to advise companies based in Korea, with activity across a wide array of sectors including power, renewables, energy and mining. Versatile practitioner Daniel Lee oversees the team, advising on cross-border mergers and acquisitions, international joint ventures and foreign direct investment. Co-head Brian Youn is a key name for the financing and development of complex oil and gas, power and other infrastructure projects. Robert Song and Damian JH Moon are both noted for their broad corporate activity, covering M&A and joint ventures.

Praxisleiter:

Daniel Lee; Brian Youn


Weitere Kernanwälte:

Robert Song; Damian JH Moon


Referenzen

‘Brian Youn, being one of the most renowned market leaders and a trusted partner in the industry, makes him a reliable partner for transactions which we lead.

‘Compared to other firms, they offer more practical, solution-driven advice and are highly responsive under time pressure.’

‘The team is composed of highly commercial and collaborative individuals who consistently provide clear, strategic advice. They are genuinely proactive and solutions-oriented, which makes working with them smooth and effective.’

Kernmandanten

Korean Air Lines Co., Ltd.


POSCO International


Highlight-Mandate


  • Advised Korean Air Lines (KAL) on its $145m financing by JPMorgan for its Boeing 787-10 aircraft which was backed by the Export-Import Bank of the United States.
  • Advised POSCO International on its $40m 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.

Milbank

Milbank‘s Seoul office acts for a client roster of export credit agencies, commercial lenders, and national and regional borrowers. The team’s caseload is equally broad, covering traditional oil and gas, renewables and power transmission, as well as novel technologies, including projects relating to electric vehicles. With vast experience in international project finance, David Gartside heads the team, acting for domestic and international clients in a variety of projects, including power production, electric vehicle battery and transportation. The Tokyo-based Anthony Scott is a key contact for Japanese and Korean lenders on global project finance mandates.

Praxisleiter:

David Gartside


Weitere Kernanwälte:

Anthony Scott


Referenzen

‘Exceptional commercially focused legal advice.’

‘David Gartside – the „Michael Jordan“ of projects.’

‘Milbank is the pre-eminent project finance firm in Korea. They act for both lenders and sponsors and have incredible relationships with Korean ECAs KSure and KEXIM.’

Kernmandanten

The Export-Import Bank of Korea (KEXIM)


The Korea Trade Insurance Corporation (K-SURE)


The Hongkong and Shanghai Banking Corporation Limited


Australia and New Zealand Banking Group, Ltd


BNP Paribas


Standard Chartered Bank


Shinhan Bank


Société Générale


ING Bank


Japan Bank for International Cooperation


KfW IPEX-Bank


European Investment Bank


Export Development Canada


Highlight-Mandate


  • Represented a group of international financial institutions including Korea’s export credit agency, K-SURE, in connection with the $1.35bn financing for the development and construction of an electric vehicle (EV) manufacturing plant by the Hyundai Motor Group, in the area of Savannah, Georgia.
  • Represented a group of international financial institutions, including KEXIM and K-SURE, in connection with the $1.492bn financing of the construction of a cathode material plant in Debrecen, Hungary.
  • Advised the lenders to the Ambatovy Nickel and Cobalt Mine Project on the negotiation and litigation of the first English law restructuring plan for a project financing.

White & Case LLP (Foreign Legal Consultant Office)

White & Case LLP (Foreign Legal Consultant Office) is well equipped to act on global energy and infrastructure financings for Korean lenders and sponsors, with continued strength in the traditional, transitional and renewable energy sectors. Dongho Lee chiefly focuses on cross-border energy and infrastructure M&A, investments and joint ventures for Korean and global clients. Associate Nicole Lim joined from Kim & Chang in January 2024.

Weitere Kernanwälte:

Dongho Lee; Nicole Lim


Kernmandanten

HSBC


PT Tanggamus Electric Power


SK Siltron CSS LLC


SKS Private Equity


SK Inc.


SK E&S


Shinhan Securities


Baker McKenzie & KL Partners Joint Venture Law Firm

With a client base of domestic and international companies, Baker McKenzie & KL Partners Joint Venture Law Firm is adept at inbound and outbound mandates relating to Korea, and is noted for its strength in energy and infrastructure projects within the oil and power sectors and emerging energy transition sector. Won Lee leads the team from the Hong Kong office, with particular expertise in social infrastructure development and financing transactions. The Seoul team includes Sun Kyun Lim, who advises on LNG sales and purchase contracts; Jae-Hyon Ahn, a key name for the development and financing of international energy and infrastructure projects; and cross-border M&A and joint venture expert Albert Chung.

Praxisleiter:

Won Lee


Weitere Kernanwälte:

Sun Kyun Lim; Jae-Hyon Ahn; Albert Chung; Hojoon Lee


Referenzen

‘The firm delivers more than legal advice; they provide strategic input that fits our needs. Their team knows the LNG sector well and helps us turn ideas (even the more creative ones) into workable solutions within the industry framework.’

‘What we value most is how well the lawyers work with us — especially their ability to take our plain, sometimes unclear explanations and turn them into precise legal language. That level of collaboration is critical for us.

‘Professional with strong understanding of LNG SPA contracting concepts, principles and market practice.’

Latham & Watkins LLP

With a network of offices across Seoul, Tokyo and Singapore, Latham & Watkins LLP’s Korea-focused team is well placed to advise on complex and large projects, particularly pertaining to power, oil and gas, infrastructure, transportation and mining projects. Splitting his time between Singapore and Tokyo, Stephen McWilliams heads the group and has been active in lender and sponsor mandates on deals across various sectors. The Seoul and Tokyo-based Richard Chul Kim engages closely with Korean sponsors, lenders and government agencies on transactions.

Praxisleiter:

Stephen McWilliams


Weitere Kernanwälte:

Richard Chul Kim


Kernmandanten

Export-Import Bank of Korea (KEXIM)


Korea Trade Insurance Corporation (K-SURE)


Delfin Midstream


Korea National Oil Corporation


Korea Midland Power Co.


Daelim Energy


Korea Southern Power Co. Ltd.


Watson Farley & Williams LLP Foreign Legal Consultant Office

Watson Farley & Williams LLP Foreign Legal Consultant Office is well placed to advise lenders and borrowers on energy and infrastructure project development and financing. The Hong Kong and Hanoi-based Linh Doan leads the team alongside Singapore’s Clarinda Tjia-Dharmadi and Merrick White. In the Seoul office, Eugene Chang concentrates on cross-border energy and infrastructure project developments, structured finance and M&A. From Hanoi, Matt Lorimer regularly acts for global lenders as well as governments and corporates.

Praxisleiter:

Linh Doan; Clarinda Tjia-Dharmadi; Merrick White


Weitere Kernanwälte:

Eugene Chang; Matt Lorimer


Kernmandanten

Korea Development Bank


Shinhan Bank


Hanwha Aerospace


K-Water Company


Hanwha Energy


Korea Development Bank


Shinhan Bank


Hanwha Aerospace


K-Water Company


Hanwha Energy