(April 29, 2014) - Paul Hastings, a leading global law firm, announced today that it represented the joint bookrunners in a US$298.4 million global depositary receipts (“GDRs”) offering by the Industrial Bank of Korea (‘‘IBK’’). IBK is a government-controlled bank that focuses on financings to small- and medium-sized enterprises in Korea.
The GDRs were listed on the Luxembourg Stock Exchange and the underlying common shares were listed on the Korea Exchange. This transaction was the first GDR offering from Korea in 2014.
The Paul Hastings team was led by capital markets partner Dong Chul Kim
, with support from associates Steve Kang
and Young Hwan Ryu
. Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.