Lee & Ko is one of the preeminent firms in project finance & infrastructure in Korea. Lee & Ko’s project finance & infrastructure Practice Group has been involved in a great majority of major project finance & infrastructure deals that have closed in Korea in recent years. For more than twenty years, Lee & Ko has represented the full spectrum of project participants, including credit providers, underwriters, advisors, sponsors, project joint ventures, insurers, contractors, government agencies and multilateral institutions. More specifically, we have advised all the major banks in Korea (e.g., the Korea Development Bank, Kookmin Bank, Hana Bank, Woori Bank, Shinhan Bank, Industrial Bank of Korea), international banks (e.g., Calyon, Standard Chartered Bank, Société Générale, Mizuho), credit agencies (Korea Trade Insurance Corporation (K-Sure), K-EXIM) and private equity funds (e.g., Macquaire, Mirae Asset, KB Asset Management, Atinum Partners, etc.). We also have a strong client base on the sponsor side and have advised all the major Korean construction companies (GS Construction, Hyundai Development Company, POSCO Construction, Samsung C&T, Daelim Industrial, Hyundai Construction, Lotte Construction, Doosan Construction, etc.) and developers in both overseas and domestic projects.

Lee & Ko has been actively involved in numerous domestic and cross-border projects in industries such as power (including independent power projects, cogeneration, nuclear, wind, solar and other alternative power), waste disposal and recycling water treatment, mining and natural resources, transportation (including airports, rail, roads) and other types of infrastructure. More specifically, Lee & Ko is also currently involved in projects in connection with a hydroelectric power plant in Nepal, a wind power generation plant in Jamaica, nuclear power plants in Jordan and Turkey and Shaanxi Bluebirdme Biomass power plant & Shandong GS-EPS Biomass power plant. In all, Lee & Ko has been involved in more than 100 project finance & infrastructure transactions during the last year. The total financing amount for these deals is more than KRW 8 Trillion (approximately USD 8 Billion). The recent worldwide trend towards alternative energy has also impacted Korea and as a result, we have witnessed an increase in projects relating to alternative energy. As an example, during the past year, Lee & Ko has participated in more than 30 projects relating to solar power plants and wind power generation plants, with a total financing amount equal to approximately KRW 500 Billion (approximately USD 500 Million).

Major Cases

Power Plant Projects

Advised for financing of Bukpyung Coal Thermal Power Plant Project
Advised Daelim Industrial Co., Ltd. in connection with the Pocheon LNG Combined Cycle Power Plant Project
Advised SK E&C in connection with the Oseong LNG Combined Cycle Power Plant Project
Advised POSCO Power Corporation in connection with two (2) coal-fired power plants (2 X 626 MW) in Incheon and two (2) by-product gas power plants (2 X 142 MW) in Kwangyang
Advised senior lenders and mezzanine lenders in connection with the KRW 67 Billion limited recourse financing of the Taegisan Wind Farm Project
Advised Standard Chartered Bank in the 24 MW Solar Photovoltaic Project in Sinan
Advised the lenders in the limited recourse financing of 15 MW Wind Farm Project in Sinan and Jeju
Advised Korea Development Bank in connection with the Gas-fired Power Plant Project in Meiya Yulchon

Port Projects

Advised Kookmin Bank, Samsung Life Insurance and other syndicated lenders in connection with the Pusan Newport Refinancing Project Phase 1
Advised Kookmin Bank, Shinhan Bank and other lenders in connection with the Busan New Port Phase 2-3 Project
Represented the concessionaire in negotiating with the government and concluding the concession agreement for a port in Mokpo City Mokpo Newport Project
Advised the project sponsors in connection with the Incheon North Port Project
Advised the lenders in connection with the Incheon South Port Project
Advised the lenders in the Pusan Newport Project Phase 1-1 and 1-2
Advised the lenders in the limited recourse financing in the Masan Shinpo Port Project

Railway Projects

Advised the financial investors in connection with the financing of the Kimhae Light Rail Transit Project
Advised the lenders and the financial investors in connection with the Uijeongbu Light Rail Transit Project
Advised the concessionaire in connection with Seoul Metro Line 9 System Project
Advised the lenders and the financial investors in connection with the Yongin Light Rapid Train Project

Bridge Projects

Advised for financing of Busan-Geoje Fixed Link Private Participation Project
Advised the lenders and the financial investors in connection with Incheon Grand Bridge Project
Advised the lenders in connection with Machang Bridge Project

Road Projects

Advised the financial investors in connection with Seoul Chuncheon Highway project
Advised the concessionaire in connection with the Seoul Beltway Project
Advised the concessionaire in connection with the Mishiryung Tunnel Project
Advised the concessionaire in connection with the Daegu-Pusan Expressway Project
Advised the concessionaire in connection with the New Airport Expressway Project
Advised the concessionaire in connection with the Chunan-Nonsan Expressway Project
Advised for refinancing of The 2nd Youngdong Highway Private Investment Project; Advised for refinancing of the Anyang-Seongnam Highway Private Investment Project; Advised for refinancing of the Busan New Port; Advised for refinancing of The 2nd Rear Road Private Investment Project

Offshore Projects

Advised for financing of Sabine Pass Liquefaction Project
Advised Doosan Engineering & Construction in connection with the Sumatra Railway Project in Indonesia
Advised the Hana Bank in connection with the USD40 million financing of the Biomass Power Plant Project in Shaanxi, China
Advised the Korea Development Bank in connection with the USD49.1 million financing of the Biomass Power Plant Project in Shangdong
Advised Lotte Construction in connection with the Coal-Fired Power Plant Project in Al Qatrana, Jordan
Advised a KEPCO in connection with the Nuclear Power Plant Project in UAE
Advised a KEPCO in connection with the KEPCO-ENKA Nuclear Power Plant Project in Turkey
Advised POSCO Construction in connection with the Coal Fired Power Plant Project in El Salvador
Advised Woori Bank, Kookmin Bank and National Agricultural Cooperative Federation in connection with the Woolim Apple Town Apartment Financing Project in Almaty, Kazakhstan

Other Projects

Advised the lenders in connection with the limited recourse financing for the Vivendi Water/Samsung Engineering – Wastewater Treatment Plants at Songdo and Mansu, Korea
Advised the lenders in connection with the limited recourse financing for the acquisition of the Vivendi Water - Industrial & Civil Water Treatment Facilities at Daesan, Korea
Advised the lenders in connection with the limited recourse financing for the Montell/Daelim – Petrochemical Plant in Yosu, Korea