Shipping: Finance
Asia-Pacific Guide 2024 : South Korea
Band 2
About
Provided by Shin & Kim
We offer expert advice on leasing, asset-based financial structures and structured financial transactions for the transportation industry. Our team assists major domestic shipping companies, as well as domestic and foreign financial institutions, with financing, M&A and other types of transactions.
We are experienced in financings for building and purchasing ships, tax-advantaged lease transactions and financings for the purchase and sale of used ships, developing the optimal deal structure and strategy to meet our clients’ needs.
In addition, we review contracts, plans and other documents, negotiate important points on behalf of clients, and obtain approvals from, and report to, the government in close consultation with the government or the competent regulatory authorities.
We also perform legal due diligence for M&A deals involving shipping companies and advise on financings using ship equipment such as containers.
We also advise on disputes arising from advance payments under ship building agreements and refund guarantees.
Chambers Review
Shin & Kim has expertise in banking and finance legal matters in South Korea that relate to shipping. The firm represents major domestic clients, including Korean export credit agencies as well as other significant financial institutions, in relation to the construction and sale of vessels, drilling rigs and floating storage regasification units. It is able to advise on a diverse range of financing structures and investments as well as on capital markets and corporate transactions in this space. K-SURE, Hanwha Investment & Securities and KEXIM are examples of clients represented by the team.
Work Highlights
- Shin & Kim acted for K-SURE and KEXIM in providing ECA cover in the form of trade insurance for the financing to fund the new build of ten LNG containers, utilising a JOLCO lease structure.
Strengths
Provided by Chambers
"Shin & Kim show strong ability to provide their legal advice quickly and easily, even for complex legal matters."
"Shin & Kim show strong ability to provide their legal advice quickly and easily, even for complex legal matters."
Notable Practitioners
Helen Pak maintains a highly active practice advising on a range of ship finance transactions in the South Korean market. Her expertise continues to attract many instructions from export credit agencies, banks and insurance companies.
Ranked Lawyers at
Shin & Kim
South Korea
Members
Provided by Shin & Kim
Abrahan Sung Shin
Head of Department
Seok Choi
Seung Hyun Dennis Cho
Soo Young Song
Yun Seok Jang
Head of Department
Clients
Provided by Shin & Kim
BNP Paribas
Credit Agricole
Deutsch Bank AG
Dongyong Shipping Co., Ltd.
Export-Import Bank of China
HI Investment Securities Co., Ltd.
HMC Investment Securities
Hana Bank
Korea Insurance Corporation (K-sure)
Kukje Maritime Investment
National Australia Bank Limited (NAB)
Shinhan Bank
The Export-Import Bank of Korea (KEXIM)
Woori Bank
Industries
Provided by Shin & Kim
Financial Services
Transportation