SoftBank to Invest US$1 Billion into Korea’s Largest Online Retailer

June 03, 2015

Shanghai/Seoul (June 3, 2015) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented SoftBank Corp. in the execution of definitive agreements to invest US$1 billion in Coupang, the largest and fastest growing standalone e-commerce player in Korea.  The closing of the transaction is subject to customary conditions.

Paul Hastings has advised SoftBank Corp. and its subsidiaries on a number of transactions over the years including its US$600 million Series D financing of KuaiDi Dache, a leading mobile taxi booking app in China; its US$420 million sale of PPLive Corporation to Suning and Hony Capital; and its US$120 million investment round for Wandoujia, one of China’s largest mobile app distribution platforms.

The Paul Hastings team is being led by M&A partners David Wang in China and Daniel Sae-Chin Kim in Seoul, with support from M&A partner Jia Yan in Shanghai, associates Coral Yu (Beijing), Young Hwan Ryu (Seoul) and Jinkang Albert Nah (Hong Kong).

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.

Practice Areas

Investment Management

Mergers and Acquisitions




Corporate, Litigation, Real Estate, Intellectual Property, Life Sciences, and Employment

Becca Hatton


Katy Foster


Miranda Ward

Submission Requests

Firmwide Inquiries

Elliott Frieder

Get In Touch With Us

Contact Us