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Latham Advises Hanwha Life Insurance on Its US$1 Billion Tier II Subordinated Capital Securities Offering

July 7, 2025
Asia team represents issuer in the transaction.

Latham & Watkins has advised Hanwha Life Insurance Co., Ltd. (Hanwha Life) on its Rule 144A and Regulation S offering of US$1 billion 6.300% Tier II Subordinated Capital Securities, which were listed on the Singapore Exchange Securities Trading Limited. Established in 1946, Hanwha Life is Korea’s oldest insurance company and part of the Hanwha Group, one of the country’s largest business conglomerates and a Fortune Global 500 company.

Citigroup Global Markets Inc., Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International, and Morgan Stanley & Co. International plc acted as joint lead managers.

The Latham team was led by Hong Kong corporate partner Steve Kang, Singapore partner Stacey Wong and Seoul counsel Diona Park, with associates Li-kang (Jeff) Ker and Yejin Kim, and foreign legal consultant Su Bin Lee.Advice was also provided on tax matters by New York partner Aaron Bernstein, with Washington, D.C. associate Shiyi Parsons; and on US Investment Company Act matters by Chicago partner Laura Ferrell, with associates Jennifer Tian and Micaela Lucero Little.

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