Capital Markets

"BKL is an excellent firm with exceptional expertise in the field."

- Chambers & Partners Asia-Pacific

Overview

BKL has a market leading capital markets practice in Korea, covering the full spectrum of capital markets transactions such as IPOs in Korean and foreign capital markets and other equity, debt and equity-linked securities offerings by various issuers. Our Finance Group is at the forefront of regulatory developments and advises clients on optimal solutions to complex issues based on a deep understanding of the applicable laws and regulations and how they are applied by the regulatory authorities

We are familiar with market trends and have the business acumen to understand the client’s business goals. BKL’s Finance Group is uniquely positioned to deliver sophisticated advice and address the needs of each client based on our deep technical expertise and extensive market experience in the increasingly sophisticated and globally integrated capital markets.

We have been engaged in the largest and most highly publicized equity offerings in Korea, including IPOs on the Korea Exchange by Big Hit Entertainment, SK Biopharm, Kakao Games, Samsung Biologics, Doosan Bobcat and Cheil Industries (currently Samsung C&T Corporation). BKL is undisputedly the go-to firm for foreign companies’ Korea Exchange listings and is the pioneer in regard to securities offerings that require innovative legal solutions such as REITs’ IPOs and debt securities offerings conducted as part of alternative investment structures

We also help clients raise funds through the more traditional capital markets transactions such as program set-up and takedowns, convertible/exchangeable bond offerings, green bond offerings, block trades, and floating rate and other traditional note offerings.

In addition to the prominent track record of capital markets transactions, our Finance Group has a deep bench of specialists with significant experience from private and public sectors who work together to provide clients with practical solutions. To ensure that clients have access to BKL’s fully integrated services and to deliver seamless legal services across multiple jurisdictions, our Finance Group draws upon the Firm’s diverse range of practice areas and utilizes our extensive network of foreign counsels on an as-needed basis.

Key Services

IPO/Listing on Korea Exchange
By Korean companies with/without an international tranche
By foreign companies, including those in the US, Japan, South East Asia and China
By REITS and other funds
Depositary Receipt Offering/Listing on Foreign Exchange
By Korean companies on major foreign stock exchanges (including NASDAQ)
By foreign companies with a Korean nexus (requiring due diligence in Korea or advice on Korean regulatory matters)
Other Equity Securities Offering
By Korean companies as part of capital increase or third party allotment exercise
By foreign companies to Korean investors
Block trades of shares listed on the Korea Exchange
Debt Securities Offering
Bond offerings with/without an international tranche
Foreign currency bonds, such as Panda/Dimsum bonds, Samurai/Shogun bonds, Formosa bonds, Kangaroo bonds, Swiss-Franc bonds, etc
Program set-up, update and takedown of term notes listed on foreign exchanges, such as the Singapore Exchange, Luxembourg Exchange, etc
Social bonds, green bonds, water bonds, etc.
Sovereign bonds, including foreign exchange equalization bonds
Equity linked bonds, such as convertible bonds, bonds with warrants and exchangeable bonds
Debt securities as part of alternative investment
Debt securities issued by non-Korean issuers in Korea (Arirang/Kimchi bonds)

Representative Cases

SK Biopharmaceuticals Co., Ltd.
LOTTE REIT Co., Ltd.
The Republic of Korea foreign exchange equalization bonds
IPOs on Korea Exchange by Korean issuers
Big Hit Entertainment Co., Ltd.
Kakao Games Corp.
SK Biopharmaceuticals Co., Ltd.
Hyundai Energy Solutions Co., Ltd.
Hanwha Systems Co., Ltd.
EcoPro BM Co., Ltd.
Jin Air Co., Ltd.
Celltrion Healthcare Co., Ltd.
Samsung Biologics Co., Ltd.
LIG Nex1 Co., Ltd.
Innocean Worldwide Inc.
Daum Kakao (currently Kakao Corp.) (merger and backdoor listing)
Cheil Industries Inc. (currently Samsung C&T Corporation)
IPOs on Korea Exchange by foreign issuers
Psomagen, Inc., a U.S. company
Englewood Lab, Inc., a U.S. company
Organic Tea Cosmetics Holdings Company Limited, a China based company
Great Rich Technologies Limited, a China based company
Access Bio, Inc., a U.S. company
LS Cable & System Asia, a Vietnamese based holding company
Doosan Bobcat Inc., a holding company with operations globally in numerous jurisdictions
REITs public offerings on Korea Exchange
Miraeasset Maps REIT 1 Co., Ltd.
Koramco Energy Plus REIT Co., Ltd.
JR Global REIT
NH Prime REIT Co., Ltd.
LOTTE REIT Co., Ltd.
Shinhan Alpha REIT Co., Ltd.
Overseas listing and offering of depositary receipts by Korean issuers
Kakao Corp. (GDRs listing on the Singapore Exchange)
Hanwha Chemical (currently part of Hanwha Solutions Corporation) (GDRs listing on the Singapore Exchange)
Industrial Bank of Korea (GDRs listing on the Luxembourg Stock Exchange)
OCI (GDRs listing on the Singapore Exchange)
Youngone Corporation (GDRs listing on the Singapore Exchange)
Hynix Semiconductor (now known as SK Hynix) (GDRs listing on the London Exchange)
Interpark G-Market (now known as E-Bay Korea) (ADRs listing on the NASDAQ)
Overseas debt securities offerings by Korean issuers
The Republic of Korea foreign exchange equalization bonds
The Korea Development Bank foreign currency bonds
NongHyup Bank anti-COVID-19 social bonds
GS Holdings shogun bonds
Korea Electric Power Corporation foreign currency bonds under its GMTN program
Export-Import Bank of Korea Swiss franc bonds under its GMTN program
SK Hynix Inc. EUR bonds
LG Display Co., Ltd. convertible notes
Hanwha Q CELLS Korea Kimchi bonds
Hanwha Chemical Corporation’s (currently part of Hanwha Solutions Corporation) floating-rate notes/Samurai bonds
The Korea Development Bank’s issuance of Kangaroo bonds
Korea Water Resources Corporation water bonds (first of its kind by an Asian company)
Kookmin Bank Formosa bonds under its GMTN program
LG Chem Ltd. foreign currency convertible bonds and listing thereof on the Vienna Stock Exchange
LG Display Co., Ltd. green bonds
Hankook Tire & Technology Co., Ltd. foreign currency convertible bonds and listing thereof on the Singapore Exchange
Other securities offerings by foreign companies
Rothwell International Co., Limited capital increase
Access Bio, Inc. convertible notes and exchangeable bonds
Kolao Holdings GDRs listing on the Singapore Exchange
CKH Food & Health Limited bonds with warrants

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