Real Estate
Asia-Pacific Guide 2024 : South Korea
Band 2
Email address
[email protected]Contact number
+82 2 3404 0000About
Provided by Bae, Kim & Lee LLC
BKL’s Real Estate Team is highly specialized in city development projects consisting of various aspects of real estate developments such as office, commercial facilities, housing facilities, hotels, multi-use buildings and infrastructure facilities and is well-known as the market leader in these areas. Our specialization in this area is a result of our involvement in the New Songdo International City Development Project, which is the largest city development project in Korea to date, Midan City development project in Incheon Free Economy Zone, Bismayah New City Development Project in Iraq and South Saad Al Abdullah New City in Kuwait.
Our team is widely recognized as the market leader in real estate transactions using REIT and REF structures. In particular, members of our Real Estate team are pioneers in the area of collective investment having advised the Korean government in drafting and amending the relevant acts and regulations. Since the very introduction of these laws, we have been specializing in the collective investment of real estate through real estate holding companies, real estate funds/trusts, project finance vehicles and similar special purpose vehicles. Our team has been active in numerous projects involving asset-backed securities and REITs and several attorneys regularly lecture on collective investment in Korea at the Lawyer Training Institute of the Korean Bar Association and the Judicial Research and Training Institute of the Korean Supreme Court.
Chambers Review
Bae, Kim & Lee is an impressive player in South Korea's real estate sector with broad legal experience ranging from offices and housing to hotels and multi-use buildings. The team is well placed to assist with sales and leaseback, purchase agreements and real estate construction projects. It demonstrates particular expertise in city developments, and investment projects using REITs and REF. The firm works with prominent developers and asset management firms, such as KB Securities, Pacific Asset Management and CapitaLand Investment Management.
Work Highlights
- Bae, Kim & Lee advised KB Securities regarding its USD124 million acquisition of North Galaxy Towers located in Brussels through a KB Star REIT vehicle and on the subsequent acquisition of Samsung Europe HQ in London.
Notable Practitioners
Chi Young Song is noted for his established practice advising corporates and financial institutions in real estate and land development, sales and leaseback, and REIT-related transactions.
Eunjin Jeon features in the ranking this year through her well-established market presence. She ably handles cross-border transactions of outbound investments and REIT establishment matters.
Do Gun Chul has a wide-range range of experience handling significant cross-border transactions. He provides skilled handling of asset sales, investments and project developments in South Korea.
Kang Hyeon advises on public offerings of REITs, real estate investments through special purpose vehicles and regulatory matters in South Korea. He has particular experience representing asset management firms in cross-border investments and acquisitions.
"Kang Hyeon is a REIT expert."
Ranked Lawyers at
Bae, Kim & Lee LLC
South Korea
Members
Provided by Bae, Kim & Lee LLC
Chiyoung Song
EJ Jeon
Head of Department
Michael H. Lee