Outbound Investment

"I felt that BKL had excellent knowledge on M&A, including contract negotiation. They easily made the seller understand what we wanted and needed throughout the whole M&A process."

- Chambers & Partners Asia-Pacific

Overview

BKL has specialized practice teams in its offices within and outside Korea who are devoted to advising Korean clients on various legal needs that arise in the course of conducting business abroad. Our Outbound Investment Group has provided an array of services around the world, including services related to mergers and acquisitions of foreign entities, establishment of foreign entities, joint venture, alternative investment, real estate acquisition and development, investments in natural resources, and development of infrastructure and production plants.

Comprehensive Legal Services for Navigating Outbound Investment Challenges

Outbound investment or acquisition opportunities may present a variety of challenges to Korean companies and funds depending on the target jurisdiction, form of investment, and types of industries involved. Our Outbound Investment Group has assisted Korean clients not only in establishing entities abroad but has handled all aspects of legal matters necessary for the successful navigation, execution and completion of outbound investments.

In-depth Experience and Know-how in Representing Korean Investors

Our attorneys have vast experience in researching and advising clients on Korean and foreign laws and regulations related to foreign exchange, investment restrictions and licenses, financing, tax, antitrust and competition, labor and employment, real estate and development, among other areas. We assist clients form optimal investment structures and financing strategies based on our broad experience with various investment structures, which range from direct investment, joint venture, business collaboration, mergers and acquisitions to alternative investment. Our attorneys also support clients with virtually all processes required for implementing and executing such investment structures, such as drafting and preparing transactional documents, obtaining relevant authorizations and conducting due diligence and negotiations. Based on such extensive, first-hand experience, we have handled numerous major transactions on a global scale to support Korean companies’ expansion and growth abroad.

Wide Global Network and Presence

We have local offices across Asia and the Middle East (Beijing, Hong Kong, Shanghai, Hanoi, Ho Chi Minh, Yangon, Jakarta and Dubai) and we are the only Korean member of World Law Group, an invitation-only international network consisting of top tier law firms from over 50 jurisdictions. We collaborate efficiently with prestigious network and overseas offices to provide top legal advice that encompasses broad perspectives and expertise to best serve our clients seeking to expand overseas.

Key Services

Mergers & Acquisitions (M&A)
Review and advise on transaction structures
Prepare and review transactional documents, including share purchase agreement, joint venture agreement, equity investment agreement, shareholders agreement and provide support relating to negotiations of such documents
Appoint and manage foreign law firms, and conduct due diligence on target entities for M&A
Review and apply for authorizations required for M&A, including merger filings
Review and advise on Korean laws and regulations relating to M&A, foreign exchange and taxation
Advise on PMI (post-merger integration)
Real Estate Projects
Prepare and review transactional documents, including real estate purchase agreement and investment agreement, and provide support relating to negotiations of such documents
Advise on procedures for acquiring rights in real estate and measures for collecting investment amounts under local laws and regulations
Appoint and manage local law firms and conduct due diligence on target entities for M&A
Review and advise on foreign exchange and taxation under Korean laws and regulations
Undertaking Business Abroad
Advise on investment environment abroad, including local restrictions, requirements and tax incentives
Prepare and review transactional documents necessary for conducting business abroad, including collaboration agreement, service agreement, sales agreement, license agreement, supply agreement, distribution agreement, and provide support relating to negotiations of such documents

Representative Cases

Represented CJ CheilJedang in its acquisition of MINH DAT FOOD
Represented KEB Hana Bank in its strategic investment in BIDV, a listed state-owned bank in Vietnam (in the amount of about KRW 1.24 trillion)
Represented LG Display in its establishment of an OLED JV in Guangzhou, China – the largest JV in China for Korean companies to date
Mergers & Acquisitions of Foreign Companies and Entities
Represented KB Kookmin Bank in its acquisition of PRASAC Microfinance, a Cambodian financial company
Represented Affinity Equity in its acquisition of Burger King Japan
Represented Lotte Card in its acquisition of Techcom Finance in Vietnam
Represented CJ CheilJedang in its acquisition of Selecta, a Brazilian food manufacturing company
Represented KB Securities in its acquisition of Maritime Securities, a Vietnamese securities company
Represented CJ CheilJedang in its acquisition of MINH DAT FOOD
Establishment and Investment of Joint Venture (JV)
Represented POSCO in its investment in a JV in China for the production of cathode material
Represented KEB Hana Bank in its strategic investment in BIDV, a listed state-owned bank in Vietnam (in the amount of about KRW 1.24 trillion)
Represented LG Display in its establishment of an OLED JV in Guangzhou, China – the largest JV in China for Korean companies to date
Represented Hyundai Marine & Fire Insurance in its investment in VietinBank Insurance in Vietnam
Represented Hanhwa Asset Management in its acquisition of convertible preferred stocks of Vingroup, a listed company in Vietnam
Advised on the establishment of a JV by CJ Oshopping and Televisa in Mexico and acquisition of the JV
Investment in Overseas Real Estate Projects
Sale of Beijing Twin Towers
Represented Samsung Securities Consortium in its acquisition of Paris Crystal Park
Represented Mirae Asset Daewoo Consortium in its acquisition of Paris Majunga Tower
Represented Hana Alternative Asset Management in its acquisition of the Sanctuary Building in London
Advice on Other Overseas Businesses
Advised on CJ CGV’s foreign/global legal affairs
Advised Incheon International Airport Corporation on the consignment operation of a new support terminal in Kuwait Airport

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