Kakao Bank’s Initial Public Offering

Bae, Kim & Lee and Paul Hastings advised KakaoBank on the offering.

KakaoBank Corp., the leading mobile-only bank and fintech platform in Korea, on its successful Korean IPO and listing on the KOSPI market of the Korea Exchange. The offering consisted of newly issued shares, and a total of KRW 2,159,850,000,000 (approx. $1.85 billion) had been raised by Kakao Bank through the IPO.

KakaoBank Corp. operates bank businesses. The Company provides deposit money, withdraw money, credit cards, stock accounts, linked loans, and other services.

The BKL team was led by partners Hee-Gang Shin (Picture), Mieun Roh, Jae In Lee Seung Il Hong, and Youngjin Ha and senior foreign attorneys Young Mo Kim and Heesug Chung, and included Hyun Jung Kim, Minkyung Song, and Hyun Jin Choi and foreign attorney Jamie Lee.

The Paul Hastings team was led by corporate partner Iksoo Kim, with support from associate Sye Myung Kim, corporate attorney David Park and paralegal Margaret Lee.

Involved fees earner: Hyun Jin Choi – Bae, Kim & Lee LLC; Heesug Chung – Bae, Kim & Lee LLC; Youngjin Ha – Bae, Kim & Lee LLC; Seung Il Hong – Bae, Kim & Lee LLC; Young Mo Kim – Bae, Kim & Lee LLC; Jae In Lee – Bae, Kim & Lee LLC; Jamie Lee – Bae, Kim & Lee LLC; Mi Eun Roh – Bae, Kim & Lee LLC; Hee-Gang Shin – Bae, Kim & Lee LLC; Min Kyung Song – Bae, Kim & Lee LLC; Iksoo Kim – Paul Hastings LLP;

Law Firms: Bae, Kim & Lee LLC; Paul Hastings LLP;

Clients: KakaoBank Corp.;

Sonia Carcano

Author: Sonia Carcano