Capital Markets: Domestic Firms
Global Guide 2024 : South Korea
Band 1
Email address
[email protected]Contact number
+82 2 3404 0000About
Provided by Bae, Kim & Lee LLC
BKL's Capital Markets Team is the pre-eminent team in the equity space for the domestic Korean market. In the last few years alone, BKL has been the trusted advisor for IPOs for both foreign and domestic issuers and GDR offerings. Representative IPO transactions and KRX listings of note include Krafton, Kakao Bank, Big Hit Entertainment, SK Biopharm, Doosan Bobcat, Samsung Biologics, LIG Nex1, Innocean, Cheil Industries and BGF Retail.
The firm’s work in the major share block trade on the KRX has been unparalleled. Major transactions include the sale of KEPCO Plant Service & Engineering shares by KEPCO and sale of POSCO shares by Hyundai Samho Heavy Industry Co., Ltd.
Clients continue to lean on BKL’s expertise in the debt market as well. Highlights include offering of: NZD 200 millon Kauri bonds by Korea Development Bank; USD 250 million CoCo Bonds by Busan Bank; KRW 175 billion Arirang Bonds by China Eastern Airlines, the first KRW bond offering by a Chinese issuer in Korea. BKL continued its representation of the Korean government in connection with its issuance of USD denominated bonds taking place in early January.
BKL serves as the legal advisor to the Korean government, as well as other public institutions and major banks in various equity and debt capital market transactions. BKL also advised underwriters or managers of the foregoing transactions with a roster of prominent clients such as J.P.Morgan, Goldman Sachs, Citigroup, Credit Suisse, HSBC and Macquarie.
Chambers Review
Bae, Kim & Lee houses a market-leading capital markets practice with a strong reputation for acting on significant IPOs, block trades and GDR offerings, for both issuers and underwriters. It is able to provide support on various types of bond issuances, including Rule 144A and Regulation S offerings, convertible bonds and GMTN programmes. The multilingual and dual-qualified team is able to provide advice across various US jurisdictions as well as Singapore and the UK. The firm acts for a diverse range of clients from international underwriters, major Korean banks and securities houses, including KB Securities and Citigroup Global Markets Korea Securities. It also acts for issuers, including foreign companies listed on KOSDAQ. The practice is active advising on the IPOs of real estate investment trusts. Bae, Kim & Lee offers additional expertise in securitisation, notably in the offshore structuring of leveraged finance deals.
Work Highlights
- Bae, Kim & Lee assisted Peak Bio with its listing on NASDAQ. The listing was completed through a share swap with Ignyte Acquisition.
Strengths
Provided by Chambers
"Bae, Kim & Lee have many qualified and experienced lawyers to support their clients. Their service level and responsiveness have been strong."
"Bae, Kim & Lee have many qualified and experienced lawyers to support their clients. Their service level and responsiveness have been strong."
Notable Practitioners
Chung Eui Jong is a well-renowned lawyer in the debt capital markets space. He advises a range of financial institutions and issuers on bond issuances and note offerings in various jurisdictions, including in Singapore.
Roh Mi Eun maintains an active equity capital markets practice and frequently advises clients on IPOs and share offerings. Her experience attracts regular mandates from issuers and underwriters.
"She has shown a high level of expertise in this field."
Hong Seung Il regularly advises clients on significant Korean IPOs, including entities in the financial services and fintech industries. He offers significant expertise in the securitisation of acquisition financing transactions through offshore investment vehicles.
Ranked Lawyers at
Bae, Kim & Lee LLC
South Korea
Members
Provided by Bae, Kim & Lee LLC
Annie Eunah Lee
Eun Sik Shin
Head of Department
Heesug Chung
Seung Il Hong
Young Jin Ha
Clients
Provided by Bae, Kim & Lee LLC
Citigroup Global Markets Korea Securities Limited
Credit Suisse Securities (Europe) Limited, Seoul Branch
Goldman Sachs (Asia) LLC, Seoul Branch
HSBC
J.P. Morgan Securities (Far East) Limited, Seoul Branch
Korea Development Bank
Korea Investment & Securities Co., Ltd.
Macquarie Securities Korea Limited
Mirae Asset Daewoo Securities Co., Ltd.
NH Investment & Securities Co., Ltd.
Industries
Provided by Bae, Kim & Lee LLC
Automobiles & Parts
Banks
Chemicals
Construction & Materials
Energy
Financial Services
Government
Insurance
Technology, Hardware & Electronics
Telecommunications