Paul Hastings has added leading energy and infrastructure partner Sungjin Kang in Seoul. In addition to adding a new practice area to the firm’s leading capital markets and M&A capabilities in Korea, Kang will spend considerable time in Tokyo. Kang’s practice focuses on advising Korean, Japanese and international developers, sponsors, project companies, asset managers, and export-credit and private-sector lenders on projects and project financings in the power, infrastructure, and oil and gas sectors. He also brings to the firm extensive experience in transportation finance and M&A. Kang’s representative matters include advising the lenders on the project financing of a 198MW ultra-low-sulfur diesel/natural gas dual-fuel power plant in Guam; Lotte Chemical and Lotte Chemical Indonesia on the development and financing of a US$2.4 billion naphtha cracker project in Indonesia; and Marubeni, Korea Midland Power and other sponsors in the project development and financing for the US$1.7 billion Cirebon 2 Expansion Project, a 1,000-MW ultra-super critical coal-fired generating facility in West Java, Indonesia. Kang’s clients have included The Export-Import Bank of Korea (K-EXIM), Green Harbor Investment, Korea Midland Power (KOMIPO), Korea Trade Insurance (K-SURE), Lotte Chemical, LX Semicon and Samchully Asset Management.
