Korea

Cleary Gottlieb has extensive experience in a wide variety of public and private sector transactions involving Korea.  The firm assists Korean clients with their capital raising, overseas investment and other activities and assists non-Korean clients in direct investment in Korea.  These transactions often require advice with respect to a variety of issues, including finance, corporate governance, tax and disclosure of information.


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Practice Highlights What Others Say About Our Practice

Samsung SDS in $1.1 Billion IPO

MBK Partners in Acquisition of ING Life Insurance Korea

The Republic of Korea in U.S. $1 Billion & €750 Million Dual Tranche Notes Offering

The Korea Development Bank in $1.5 Billion Dual Tranche Notes Offering

Korea National Oil Corporation in $250 Million and $550 Million Dual Tranche Takedown

KT Corporation in Dual Tranche Notes Offering

The Export-Import Bank of Korea in Notes Offering

CJ HelloVision in IPO

Hyundai Rotem in IPO

ArcelorMittal in Sale of Steel Cord Business to Kiswire, Ltd.

SK Global Chemical’s CNY950 Million Guaranteed Notes Offering

Harvest Operation Corp. in $630 Million Guaranteed Notes Offering

Doosan Infracore in $400 Million GDR Offering

Temasek Holdings in (KRW)150 Billion Follow-On Investment in Celltrion

SK Telecom in $700 Million GMTN Takedown

Lotte Shopping in Won 321.2 Billion Exchangeable Bond Offering

Samsung Electronics in $1 Billion Guaranteed Notes Offering

Korea's Leading Steel Producer in ¥15 Billion Notes Offering

Korea Deal of the Year and Equity Deal of the Year
(Hyundai Rotem's IPO)
Asian Legal Business, 2014
M&A Deal of the Year
(Acquisition of ING Life Insurance Korea by MBK Partners)
Asian Legal Business, 2014
All-Star Firm for Investment Funds
The Asian Lawyer, 2014
Best Korea Deal of the Year
(Republic of Korea’s $1 Billion bond)
FinanceAsia, 2013

South Korea Capital Markets Deal, Best Korea Deal of the Year
(Samsung's $1 billion 5-year bond)
International Financing Review, 2013 and FinanceAsia, 2012

Best Korean Deal of the Year
(Samsung Life Insurance's $4.4 billion IPO)
Asian-MENA Counsel, 2011, Macallan ALB Hong Kong Awards, 2011 and FinanceAsia, 2010
Korea Equity Capital Markets Deal of the Year
(SK Telecom-Hanaro Telecom $1.2 billion share sale and acquisition)
Asian Legal Business, 2009

Best Korean Deal of the Year
(SK Telecom’s $300 million convertible bond offering)
FinanceAsia, 2009
Best Sovereign Bond of the Year
(Republic of Korea’s $3 billion dual tranche issue)
FinanceAsia, 2009

"In the capital markets space, its lawyers offer considerable experience in representing Korean issuers, and have recently undertaken a number of high-value debt offerings. ...Also regarded for its work in South Korea acting for international fund houses on inbound investments..."

'I think they are well resourced to handle large-scale transactions and co-ordinate them across various jurisdictions.'"
Chambers Global, 2014
"[Cleary] has a long-standing operation with a substantial practice in cross-border acquisitions, investments and joint ventures. They have deep experience representing Korean issuers in a large number of securities offerings.

'Undeniable strength in historical reputation and expertise in capital markets.' 'I'd say a big strength is their knowledge of the Korean issuer market, including new laws and market standards.'"
Chambers Asia, 2014

“This impressive US group is a strong competitor in the debt and equity markets in the region, primarily known for its high-quality work in South Korea..."
Chambers Global, 2013
“This American firm garners tremendous respect from sources for its transactional abilities, and its presence in Asia has recently been strengthened with the opening of a new office in Seoul. Sources say: ‘We have tremendous respect for the team, we think they are top notch.’”
Chambers Asia, 2013
“‘They stand out as issuers’ counsel, especially for Korean entities.’”
Chambers Global, 2012

“Widely admired for its dominance in the capital markets arena, this practice has one of the largest Korea-dedicated teams of any international firm. Sources say: ‘Professional, swift and focused.’ ‘They have one of the best teams going: smart and approachable, and their judgement is outstanding.’”
Chambers Asia, 2012

Sources say: ‘The most sought after, with the deepest bench and most resources. The firm is clearly the leader and a force in capital markets.’”
Chambers Asia, 2011 

“Cleary has cemented” its position in Korea “into the sort of law firm market leadership, especially in capital markets, that exists nowhere else in ultracompetitive Asia.”
The Asian Lawyer, 2011

“‘They are in a class of their own,’ says one rival of Cleary Gottlieb Steen & Hamilton. ... ‘They have the biggest bench - partners and another dozen lawyers who are Korean speakers, so it's difficult to amass that kind of bench unless you have very strong relationships. They build a reputation for having the resources and for having the most deals.’”
IFLR 1000, 2011