Shin & Kim

Shin & Kim is ranked ‘Outstanding’ in Banking and financial services, Media and entertainment, Real estate and Capital markets. Sang Man Kim is a key partner in the firm’s banking and finance and capital markets practices, and Kyung Don Lee handles deals related to real estate. Former judges Jong Woo Lee and Tae Hun Kim have been hired from the Seoul Central District Court to bolster the firm’s litigation practice.

Banking and finance

Work highlights

Advised DS Power, a power service supplier, in the refinancing of its senior debt, to repay initial project lenders. Additionally, the firm was responsible for providing advice on share acquisition by new investors from the client’s recent recapitalisation.

Key clients

Baring Private Equity Asia, KEB Hana Bank, KKR Asia, Shinhan Bank  

Capital markets

Work highlights

Acted for the Korea Housing Finance Corporation in its issuance of approximately $570 million social covered bonds. This was the first issuance of Euro-denominated social covered bonds in Asia. The case is significant for the future prospects of Asian covered bonds to be issued in the Euro market.

Key clients

Daishin Securities, Daebo Magnetic, Digital Imaging Technology, KDB Life Insurance

Competition/antitrust

Work highlights

Assisted Genie Music Corporation, in relation to its merger with CJ Digital Music Corporation with the approximate value of W94.5 billion. As there was no previous market definition for the online music platform market, the firm was able to devise a market definition and provide thorough analysis that was accepted by the Korea Fair Trade Commission. As a result, the client was able to obtain unconditional clearance of the merger.

Key clients

Höegh Autoliners, Linde, Mercedes-Benz Korea, Qualcomm

Construction

Work highlights

Representing Uijeongbu City against the bankruptcy administrator of the developer of the city’s light rail project in a dispute on the right of the termination payment. This is the first time a case examines the relationship between the allowance of termination payment and restoration.

Key clients

eTEC E&C, Hyundai Heavy Industries, Samkoo, Seohee Construction

Corporate and M&A

Work highlights

Acted for POSCO Group, the world’s fourth largest steelmaker, in its acquisition of the off-gas combined power plant business of POSCO Energy through spin-off and merger at the value of W1.16 trillion, to improve the entire group’s energy business efficiency.

Key clients

Macquarie Capital Korea

Dispute Resolution

Work highlights

Acting on behalf of Korea Western Power in a dispute over changes in the gas allocation policy made by the government of India that breached the bilateral investment treaty between India and South Korea.

Key clients

K-Water, Lone Star Funds

Restructuring and insolvency

Work highlights

Assisted STX Heavy Industries in its rehabilitation proceedings. As a result, the client carried out investment agreements with purchasers of target business divisions and completed the disposition of the company.

Key clients

Daewoo Engineering & Construction, Korea Railroad Corporation, Keangnam Enterprises, Taihan Electric Wire