Linklaters has been active in Korea for over 35 years, advising the leading Korean corporations, financial institutions and law firms.

From our office in Seoul, we are able to leverage our unique international capabilities to provide clients operating in Korea with unrivalled service.

We established our Foreign Legal Consultant Office in Seoul in July 2013, bringing on-the-ground execution capability across key practice areas.  

We offer full service capability, advising on U.S. and English law with a detailed understanding of the regulatory and business environment in Korea. Principal areas of practice include M&A, private equity, foreign direct investment, outbound investment, corporate finance, capital markets, projects, energy and infrastructure, banking and finance.

Recent significant transactions include advising:

KIPIC LNG Terminal: KEXIM and K-sure on the US$1.3bn  financing facilities for Kuwait Integrated Petroleum Industries Company K.S.C. in respect of an LNG import facility – awarded Midstream Oil & Gas Deal of the Year, IJ Global Awards MENA 2018;

  • Xtep International holdings Limited: on its US$260m acquisition of 100% stake in E.Land Footwear USA Holdings Inc. (the ultimate owner of the K-Swiss, Palladium and Supra brands) from E-Land World Limited, a South Korean fashion and retail group;

  • Karapinar Solar Project: KEXIM and K-sure on the project financing of a 1GW solar power project in Turkey sponsored by Hanwha;

  • Iran framework agreement: KEXIM in relation to its €8bn (c. US$9bn) framework lending arrangement with a group of Iranian commercial banks for the purposes of funding energy and infrastructure development in Iran;

  • Lotte Chem petrochemical project: KEXIM, K-sure and a group of international commercial banks on the US$1.7bn financing of an ethylene cracker and ethylene glycol plant in Louisiana, USA – awarded Best Americas ECA Finance Deal of the Year, The TXF Perfect 10 Awards 2016; 2016 Best Deals, Global Trade Review 2016; and Americas Deals of the Year, Trade Finance Awards 2017;

  • Covered Bond issued by Korea Housing Finance Corporation: BNP Paribas, DBS, ING Bank, Sociéte Générale and Standard Chartered on the €500m Social Covered Bonds due 2023 issued by Korea Housing Finance Corporation, who are the most prolific issuer of standalone covered bonds in the Korean market;

  • POSCO: BAML, BNP Paribas, HSBC and Standard Chartered in the issue of US$500m 4.00% Notes due 2023 by POSCO;

  • Netmarble Games IPO: J.P. Morgan, NH Investment & Securities, Citigroup and Korea Investment & Securities on the KRW2.66 trillion IPO transaction for Netmarble Games Corporation, a leading global game company. This was the largest IPO in Korea since 2010.

This market-leading practice has been recognised both by market participants and by the following recent awards:
  • Band 1 – Projects & Infrastructure: International, South Korea, Chambers Asia 2016 – 2019

  • Band 1 – Projects & Energy: Foreign Firms, South Korea, Legal 500 2016 – 2019

  • Midstream Oil & Gas Deal of the Year: KIPIC LNG - IJ Global Awards MENA 2018

  • Americas Deals of the Year: Lotte Chemical petrochemical plant project financing in Louisiana – Trade Finance Awards 2017

  • Equity Market Deal of the Year: Mirae Asset Life Insurance’s IPO – ALB Korea Law Awards 2016

  • Best Americas ECA Finance Deal of the Year: Lotte Chemical petrochemical plant project financing in Louisiana – TXF Perfect 10 2016

  • South Korea Capital Markets Deal of the Year: Republic of Korea’s RMB 3bn three-year Panda bond – IFR Asia Awards 2016

  • South Korea International Law Firm of the Year, Chambers Asia in 2014