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Image: Sungjin Kang

Sungjin Kang

Partner, Corporate Department

Seoul

Phone: +82-2-6321-3820
Fax: +82-2-6321-3920

Tokyo

Phone: +81-3-6229-6020
Fax: +81-3-6229-7020

Overview

Sungjin Kang is a partner in the Energy & Infrastructure practice at Paul Hastings with regional responsibility across Asia and is based in the firm’s Seoul and Tokyo offices (not admitted in Japan). He has over 25 years of experience advising on projects and project financings in the power, infrastructure, and oil and gas sectors. He also has experience advising on transportation finance and mergers and acquisitions.

Sungjin's clients include Korean, Japanese and international developers, sponsors, project companies, asset managers, and export-credit and private-sector lenders.

Accolades

  • Band 1 – South Korea, Projects & Infrastructure: International Firms, Chambers Asia-Pacific 2026
  • Leading Individual, South Korea: Projects & Energy: Foreign Firms, The Legal 500 Asia Pacific 2025

Representations

  • Lotte Chemical Corporation and PT Lotte Chemical Indonesia on the development and financing of a US$2.4 billion naphtha cracker project in the Banten Province of Indonesia. Lotte Chemical Corporation is one of the world’s largest chemical companies and part of the Korean conglomerate Lotte Group. This transactions was awarded “Oil & Gas Deal of the Year – Petrochemicals: LINE Project” by IJGlobal Asia-Pacific Awards 2023.
  • The Export-Import Bank of Korea (K-EXIM), Korea Trade Insurance Corporation (K-SURE) and other lenders with the project financing of the ownership, construction, operation and maintenance of a 198 MW ultra-low-sulfur diesel/natural gas dual-fuel power plant in Guam, known as the Guam Dededo Project. The project is being developed by Korea Electric Power Corporation and Korea East-West Power Co. Ltd.
  • K-EXIM and Banco KEB Hana Mexico as mandated lead arrangers, term facility representatives and lenders in the refinancing of Horus Solar, S.A. de C.V.'s capital expenditures for the construction, ownership and operation of an approximately 95 Mwa photovoltaic power plant and associated electrical substation and interconnection line located in Mexico. This is one of the very first solar projects in Mexico involving Korean developers and lenders.
  • K-SURE and other lenders on the debt financing in relation to Ark Energy MacIntyre Pty Ltd’s 30% interest (held by way of an unincorporated joint venture) in the 923 MW MacIntyre Wind Farm, the largest wind farm in Australia and the Southern Hemisphere.
  • K-EXIM on the development and financing of the Long An I & II LNG-to-power project in Vietnam, a market defining project and the first gas-to-power project in Vietnam to be supported by Korean ECA. The project is being developed by Long An Energy Corporation, which is sponsored by GS Energy (part ofthe GS Group, one of Korea’s largest conglomerates) and VinaCapital, with K-EXIM’s early direct involvement.
  • Lenders, including K-EXIM, JBIC, NEXI, US EXIM, ECIC, Atradius, SACE, UKEF, Thai EXIM and AfDB in connection with the multibillion-dollar gas liquefaction facility in Mozambique in the Rovuma Area 1 Offshore Basin.
  • K-EXIM, K-SURE and other lenders in connection with the financing and the proposed restructuring of a $3.6 billion gas-to-liquids (GTL) project in Uzbekistan.
  • K-EXIM, K-SURE and other lenders with the project financing of the project costs incurred by SK E&S Co., Ltd. in the development of the upstream Barossa gas field off the coast of Australia and the related sale and offtake of extracted gas to midstream and downstream end users.
  • Korea Midland Power Co., Ltd. (KOMIPO), POSCO Engineering Co., Ltd., PT BS Energy and PT Nusantara Hydro Alam, and the project company in connection with the project financing and development of the 2 x 28 MW Tanggamus Hydropower Project in Indonesia.
  • KOMIPO, Sprott Korea Investment Corp., POSCO Eco & Challenge and PT Wampu Electric Power in connection with the successful refinancing of a 45 MW run-of-the-river hydroelectric power plant on the Wampu River in North Sumatra, Indonesia.
  • Marubeni, KOMIPO and other sponsors in the project development and financing for the $1.7 billion Cirebon 2 Expansion Project, a 1,000 MW ultra-super critical coal-fired generating facility in West Java, Indonesia.
  • HSBC and other commercial lenders with the sale and transfer by Mitsui to Medco of its equity stake in the Paiton coal-fired power project in Indonesia.
  • HSBC and other commercial lenders with the sale and transfer by Nebras to Medco of its equity stake in the Paiton coal-fired power project in Indonesia.
  • HSBC and other commercial lenders with the sale and transfer by JERA to Medco of its equity stake in the Paiton coal-fired power project in Indonesia.
  • KOMIPO and POSCO Engineering Co., Ltd. with the development and financing of a solar power generating plant with up to approximately 300 MW of initial solar generating capacity, located in the City of Boulder City, Nevada.*
  • PTTGC and Daelim Industrial Co., Ltd. in the project development and financing of an ethane cracker plant project in Belmont County, Ohio, USA.
  • The ECA lenders (including K-EXIM) in the proposed financing for the development of the Al-Karaana petrochemical project in Qatar.
  • The ECA lenders (including K-EXIM and K-SURE) with the development and expansion of the KNPC Clean Fuel Project, comprising the Mina Al-Ahmadi oil & gas refinery to refine 346,000 barrels per day, and Mina Abdullah oil & gas refinery to refine 454,000 barrels per day, in Kuwait.
  • The ECA lenders (including K-EXIM and K-SURE) with the $4.6 billion financing for the Duqm Refinery Project in Oman, involving a crude oil export refinery and associated pipelines and facilities located in Duqm, Oman.
  • K-EXIM, K-SURE, HSBC, and other lenders with the financing of up to $3.2 billion for the supply of goods and services to Saudi Electricity Company in relation to a new oil-fired power plant in Jeddah South in the Kingdom of Saudi Arabia.
  • K-EXIM, K-SURE, HSBC, and other lenders with the financing of up to $2.5 billion for the supply of goods and services to Saudi Electricity Company in relation to the 2,800 MW Rabigh-6 power plant in the Kingdom of Saudi Arabia.
  • Korea Floating Wind and East Blues Power in the development and project financing of floating offshore wind projects off the coast of Ulsan, Korea.
  • Jeonnam Offshore Wind Power Co. Ltd. on the development and project financing of the 99 MW Jeonnam 1 offshore wind project located off the coast of Shin-an County in Jeonnam Province, Korea. Jeonnam Offshore Wind Power Co. Ltd. is a joint venture between SK E&S Co., Ltd. and Copenhagen Infrastructure Partners (CIP). This is the first non-recourse project financed offshore wind farm in Korea.
  • K-EXIM and the commercial bank lenders in the proposed refinancing of the 410 MW Xe-Pian Xe-Namnoy hydropower project in the Lao People’s Democratic Republic.
  • Korea Electric Power Corporation and Saudi Masader Co. for Water, Power & Gas in connection with the bid to develop, design, finance, permit, construct, commission, test, own, operate, maintain, and transfer three new gas-fired electricity and steam plants in the Eastern Province of the Kingdom of Saudi Arabia with a total installed capacity of approximately 770 MW and a steam output of approximately 2.95 million pounds per hour.
  • SABIC SK Nexlene Pte. Ltd., a joint venture between Saudi Industrial Investments Company, a wholly owned subsidiary of Saudi Basic Industries Corporation, and SK Global Chemical Co., Ltd., with its entry into $440 million term and revolving credit facilities arranged by Citigroup Global Markets Singapore Pte. Ltd., Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., Mizuho Bank Ltd., Standard Chartered Bank (Hong Kong) Limited, and one of the sponsors.
  • Korea Southern Power Co., Ltd. (KOSPO) and Daelim Energy’s acquisition of a collective majority of the equity interests of Indeck Niles Development, LLC, the holding company developer of the Niles Project, a 1,085 MW gas-fired combined-cycle plant in Cass Country, Michigan.
  • NH Amundi and PIA Investment Management Co., Ltd. in connection with the acquisition of equity stakes from Advance Power in the South Field Energy Project under development in Columbiana County, Ohio.
  • SK Lubricants Co., Ltd in connection with the proposed global base oil sales and marketing joint venture with ExxonMobil Fuels, Lubricants & Specialties Marketing Company located in Houston.
  • Korea Electric Power Corporation in its bid to acquire the Tapoco Division of Alcoa Power Generating Inc., a subsidiary of Alcoa Inc. Tapoco Division owns and operates four hydroelectric dams and power stations near Alcoa, Tennessee, and the Great Smoky Mountains.*
  • The Korea Development Bank as a junior lender in the $25 million commercial loan facility to finance the acquisition of one Boeing 777-200ER aircraft by Asiana Airlines, Inc.
  • The Korea Development Bank and Korea Finance Corporation as junior lenders in the US$80 million commercial loan facility to finance the acquisition of two Boeing 777F aircraft and one Boeing 777-300ER aircraft by Korean Air Lines Co., Ltd.

Matters may have been handled prior to joining Paul Hastings.

Practice Areas

Asia

Energy and Infrastructure

Korea

Mining and Metals


Languages

English

Japanese

Korean


Admissions

Republic of Korea: Foreign Legal Consultant for U.S. Law (New York Lawyer)

California Bar

New York Bar


Education

Columbia Law School, J.D. 1997

University of Pennsylvania, B.S. 1993