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South Korea’s Kakao Corp Completes US$1 Billion GDR Offering

January 24, 2018

Seoul – Paul Hastings, a leading global law firm, announced today that the firm represented the underwriters in the US$1 billion GDR offering by Kakao Corp., the operator of leading mobile and online platforms in Korea. This marks the largest overseas-listed equity offering by a Korean issuer in a decade.

The GDRs will be listed on the Singapore Exchange, while the underlying common shares will be listed on the Korea Exchange.

Paul Hastings previously advised the underwriters in a US$200 million exchangeable bond offering by Kakao Corp., exchangeable into shares of Loen Entertainment.

The Paul Hastings team was led by

, head of the firm’s Korea capital markets practice, with support from associate .

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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