Projects and energy: local firms in South Korea

Kim & Chang

Kim & Chang is a ‘one-stop shop’ with considerable experience in the energy sector, boasting a strong track record in cross-jurisdictional project financing. The team is co-headed by Yon Kyun Oh and Ick Ryol HuhChang Sup Kwon acts for sponsors of domestic and overseas renewable project developments, while Min-Young Oh advises on large-scale projects in the power generation industry and Chang-hee Shin advises on project developments and acquisition of power and energy companies and assets. Young-Kyun Cho is another key contact in the group. Bong-Sang Cho and Claire (Mi-Jin) Kim left the firm in March and April 2023 respectively.

Responsables de la pratique:

Yon Kyun Oh; Ick Ryol Huh


Autres avocats clés:

Chang Sup Kwon; Min-Young Oh; Chang-hee Shin; Young-Kyun Cho


Les références

‘The team is at Kim & Chang is very capable. A one-stop shop for all aspects legal, and beyond.’

Principaux clients

POSCO Energy / POSCO


Hyundai Oilbank


KEXIM


S-Oil Corporation


KOGAS


Hanwha Energy


KDB


Kohlberg Kravis Roberts & Co. L.P.


KEPCO (Korea Electric Power Corporation)


Copenhagen Infrastructure Partners


Principaux dossiers


  • Advised Kohlberg Kravis Roberts’ acquisition of equity interests in SK E&S.
  • Advised POSCO International on merger of POSCO Energy.
  • Advised Korea Gas Corporation on its proposed establishment of a joint venture with US companies for the development of a liquefied hydrogen storage and transportation technology, or as an alternative, its proposed acquisition of a stake in that US companies.

Lee & Ko

Lee & Ko is renowned for its market leading experience in the project and energy arena, handling the full range of domestic and international project management mandates. With over 20 years' experience, Dong Eun Kim co-heads the team alongside Tom Shin and Hun Ko, and frequently represents key project stakeholders, government institutions and major Korean and international investors in both inbound and outbound investments. Jae Hoon Lee advises on high-profile infrastructure matters and a range of landmark power projects including PPI. Kwang Yul Kim assists with construction contracts and long-term service agreements, while Insoo Kim handles renewable energy cross-border investments. Hyunsu Kim is another key contact in the group.

Responsables de la pratique:

Dong Eun Kim; Tom Shin; Hun Ko


Autres avocats clés:

Jae Hoon Lee; Kwang Yul Kim; Insoo Kim; Hyunsu Kim


Principaux clients

Bloom Energy


Dealim Energy


Samsung Life Insurance


KEPCO


SK E&S


IGIS Asset Management Co., Ltd


Meritz Securities Co., Ltd


NH-Amundi Asset Management


NH Investment Securities


Mirae Asset Global Investments Co., Ltd


Mirae Asset Daewoo


KB Securities Co., Ltd.


Industrial Bank of Korea


Korea Development Bank


KDB Infrastructure Asset Management Co., Ltd


Shinhan Bank


Shinhan Asset Management (previously “Shinhan BNP Paribas”)


Hanwha Asset Management Co., Ltd


Macquarie Capital Korea Limited


Kookmin Bank


Samsung Securities


Hyundai Energy Private Equity Co., Ltd


Stonebridge Capital


FG Partners


Hangang Asset Management Co., Ltd.


EQ Partners


Hana Financial Investment


Samsung Asset Management Co., Ltd


KB Asset Management Company


Samtan


Equis Pte.


Stonepeak Infrastructure Partners


Eugene Private Equity


PineStreet Asset Management Co., Ltd


Diode Ventures LLC


LightSource BP


Keppel Renewable Energy


Sprott Korea


NewCold


Glennmont Partners


Black & Veatch


Principaux dossiers


  • Advised the mandated arranger, Kookmin Bank and syndicated lenders in connection with Ulsan GPS LNG/LPG 1,227MW Combined Power Plant and Terminal Project as well as SK Gas LTD and Ulsan GPS Co. Ltd. on the ethical wall basis
  • Advised Korea Development Bank, Bank of America, Credit Agricole, Industrial Bank of Korea, Mizuho, Societe General, MUFG, Standard Chartered, and Sumitomo in connection with the transaction involving development and financing of the first phase of the 99MW Jeonnam 1 Offshore Wind Farm in South Korea.
  • Advised Sprott Korea Investment Corp, Prime Capital, Shinhan Bank Europer GmbH; Shinhan Asset Management, Woori Bank Europe GmbH , Kookmin Bank, and London Branch in connection with the transaction involving development and financing of an approx. 74.4 MW onshore wind farm in Sweden.

Shin & Kim

Boasting an impressive roster of clients in the private and public sectors, Shin & Kim’s specialised projects and energy practice advises on matters concerning infrastructure, power project management and development, as well as financing. The team is jointly led by Sang Hyun Lee and Michael Chang, who handle landmark renewable energy transactions, while Hyun-Mi Cho advises domestic and international financial companies and industrial corporates, focusing on gas projects. A key contact for large-scale energy and greenfields PPPs, Seung-Gyu Yang is also recommended. Sangmyoung Shin joined the practice from Kim & Chang in February 2023, with Bong-Sang Cho and Claire (Mi-Jin) Kim following suit in March and April 2023 respectively.

Responsables de la pratique:

Sang Hyun Lee; Michael Chang


Autres avocats clés:

Hyun-Mi Cho; Seung-Gyu Yang; Sangmyoung Shin; Bong-Sang Cho; Claire (Mi-Jin) Kim


Les références

‘The team’s advice is unparalleled.’

Principaux clients

SK E&S


Korea Gas Corporation (KOGAS)


Macquarie Korea Asset Management Co., Ltd.


KDB Infrastructure Investments Asset Management Co., Ltd.


Experian Singapore Pte Ltd.


Pacifico Energy Korea


Australian Strategic Materials Limited


Korea Trade Insurance Corporation


KREDO Holdings Ltd.


Korea East West Power


Total Eren S.A.


Green Investment Group Korea Limited


Vena Energy


Korea East West Power


KREDO Holdings Ltd.


Busan-Jungkwan Energy


Korea Electric Power Corporation


Equis Energy Co., Ltd.


SK Forest Co. Ltd.


Korea Export-Import Bank


Bae, Kim & Lee LLC

Noted for its expertise in high-value project developments and financing arrangements, Bae, Kim & Lee LLC’s team specialises in matters concerning renewable and alternative energy. Practice leader Seungkyo Lee handles the full range of investments, developments, IPP business, and energy-related M&A for both international and domestic clients. Hyunchul An, who is praised as ‘trustworthy and inspires unmatched confidence’, and Hyukjin Im advise foreign clients on inbound Korean projects and multinational investments, as well as advising on operations and maintenance. Ho Jin Kim, who provides strategic advice on financing and joint development agreements, is another key contact in the group.

Responsables de la pratique:

Seungkyo Lee


Autres avocats clés:

Hyunchul An; Hyukjin Im; Ho Jin Kim


Les références

‘Great knowledge of the Korean renewables sector that has not been matched by any other local firms.’

‘Hyunchul An provides clear and concise explanations on Korean regulations. He is trustworthy and inspires unmatched confidence.’

Principaux clients

EDP Renováveis


FRV Services Korea / Fotowatio Renewable Ventures S.L.


HEXA Renewables Korea


Korea Express Corporation


Korea Overseas Infrastructure & Urban Development Corporation, Hyundai Engineering


KEPCO Plant Service & Engineering Co., Ltd


LX International Corp.


Shinhan Bank


Principaux dossiers


  • Advised Shinhan Bank on financing for the solar power plant development project in Korea, sponsored by a global investor KKR.
  • Advised LX International Corp on its acquisition of 63.34% shares of Poseung Green Power Co., Ltd. from DL Energy Co., Ltd.
  • Advised Korea Expressway Corporation on its execution of Operation & Maintenance Agreements for N8 Expressway in Bangladesh.

DR & AJU LLC

DR & AJU LLC advises Korean sponsors, lenders, and EPC and O&M contractors on a broad range of projects, from renewable energy and LNG to mining, power generation (IPP) and infrastructure. According to one client, the team’s ‘unique approach and strengths make them an ideal choice for potential clients seeking top-notch services and unparalleled expertise’. Practice leader Mihyun Melissa Park, who is dual qualified in New York and Australia, handles energy and infrastructure project financing mandates, while foreign attorney Heejin Kim acts for Korean strategic investors on international projects. Specialising in renewable energy disputes, Sohyun Yoon is another key member of the team.

Responsables de la pratique:

Mihyun Melissa Park


Autres avocats clés:

Heejin Kim; Sohyun Yoon


Les références

‘The team is comprised of precise and commercially-minded lawyers.’

‘Mihyun Melissa Park is the most intelligent lawyer in the field.  She always ensures a deeper understanding on the matter of the legal issue at hand.’  

‘Heejin Kim shows great pro-activeness, thoroughness, insightful approaches and guidance based on extensive experience.’

Principaux clients

LG Chem Ltd.


SK E&S Co., Ltd.


Daol Investment & Securities Co., Ltd.


Meritz Asset Management Co., Ltd.


Hi Investment & Securities Co., Ltd.


Lotte Insurance Co., Ltd.


Posco International


NH Investment & Securities Co., Ltd.


Principaux dossiers


  • Acting for the major Korean investors (Hyundai Asset Management, Kookmin Bank, Hyundai Motor Securities, Hana Financial Investment and Lotte Non-Life Insurance) as a legal and transaction adviser in relation to the restructuring of the portfolio comprising 21 solar farms with a total capacity of 97MW.
  • Acting for the Korean investors (Grand Third, Grand Fourth and NH Investment & Securities) to recover the outstanding loan facilities for five photovoltaic power plants in Romania.
  • Advised LG Chem on construction of its hydrogen production plant with a production capacity of 50,000 tonnes per year and 56,000 Nm3/hr in Korea.

Yulchon

The ‘nimble and versatile’ team at Yulchon is noted for its expertise in greenfield development projects, advising on a range of matters concerning investment structure, tax structuring and commercial agreement negotiations, as well as financing and exit strategies. Senior foreign counsel Raymond Kang, who has experience advising on domestic and international greenfield and brownfield energy and infrastructure projects, jointly leads the team alongside Kum Ju Son. Hong Kim is another key contact in the group.

Responsables de la pratique:

Raymond Kang; Kum Ju Son


Autres avocats clés:

Hong Kim


Les références

‘Nimble and versatile.’

Principaux clients

Korea Electric Power Corporation (KEPCO)


Korea National Oil Corporation (KNOC)


Korea Gas Corporation (KOGAS)


Korea Western Power Co., Ltd.


Korea South East Power Co., Ltd.


Korea Midland Power Co., Ltd.


Korea Hydro & Nuclear Power


GS Engineering & Construction Corp.


GS Power Co., Ltd.


POSCO


POSCO Engineering & Construction


Hyundai Oilbank


Hyundai Engineering & Construction Co., Ltd.


POSCO International


Hanwha General Chemicals


SK Chemicals


BayWa r.e.


Mirae Asset


Asia Development Bank (ADB)


wpd AG


Korea Overseas Infrastructure & Urban Development Corporation


Daewoo Engineering & Construction Co., Ltd.


Hanwha Energy


Myungwoon Industries Development Co., Ltd.


Samhae Engineering & Construction Co., Ltd.


Nakwol Blueheart Co., Ltd.


Korea Floating Wind Power Co., Ltd.


East Blue Power Co., Ltd.


Firefly Floating Offshore Wind Co., Ltd.


MunmuBaram Co., Ltd.


Ocean Winds


Jipyong LLC

Noted for its capability in cross-border transactions and strategic regulatory work for public and private sector clients, Jipyong LLC’s team is led by M&A expert Hye Jung Ryu. Cheol Jeong advises on matters concerning project finance and corporate governance in the energy sector, in addition to cross-border joint ventures, while Yully Kang advises on offshore wind farm projects.

Responsables de la pratique:

Hye Jung Ryu


Autres avocats clés:

Cheol Jeong; Yully Kang


Principaux clients

Hyundai Electric & Energy Systems Co., Ltd.


Hanwha Solutions


Korea Development Bank


Dae Myoung Energy Co., Ltd.


Hanwha Power Systems Co., Ltd.


Doosan Fuel Cell Co., Ltd.


Principaux dossiers


  • Advised Hyundai Electric & Energy Systems Co., Ltd. on the subscription of issued shares and new shares in Plaspo.
  • Advised Hanwha Solutions Corporations on the incorporation of a joint venture company with GS ENERGY CORPORATION for the manufacturing, production, and sales of EVA and LDPE.
  • Advised Korea Development Bank in connection with the transaction for Yeong Yang Wind Power Corporation-2.

Yoon & Yang LLC

Yoon & Yang LLC regularly assists domestic and international clients with project investments, merger control clearances, and share issuances. Team leader Soongki Yi handles traditional and renewable energy mandates, bolstering the strength of the team with expertise in multi-jurisdictional M&A and corporate financing. Young Woo Park focuses on matters concerning project financing, while Dae Sagong has experience in the renewable energy arena, focusing on wind farm and solar power projects.

Responsables de la pratique:

Soongki Yi


Autres avocats clés:

Young Woo Park; Dae Sagong


Principaux clients

Korea Gas Corporation (KOGAS)


Korea Electric Power Corporation (KEPCO)


Korea South East Power


Korea Midland Power


SK Energy


LH


CS Wind


Air Liquide Advanced Materials


GS Engineering & Construction


Kwansoo E&C Co., Ltd.


Hanmi Global Co., Ltd.


Korea Energy Agency


Doosan Enerbility


E1


SK E&S


SK Ecoplant


TKG Taekwang


Principaux dossiers