Sungjin Kang is a partner in the Seoul and Hong Kong offices of Latham & Watkins and a member of the Finance Department. Mr. Kang is registered as a Foreign Legal Consultant (USA).
Mr. Kang’s practice includes:
- Project finance
- Transportation finance
- Mergers and acquisitions
- Private equity
- Fund formation
He has advised numerous developers, sponsors, project companies, lenders, state-related entities, multinational corporations, financial institutions, private equity and hedge funds, as well as established and startup technology companies on a broad range of complex cross-border transactions.
Mr. Kang's representative transactions include advising:
- Korea Midland Power Co., Ltd., 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 28MW Tanggamus Hydropower Project in Indonesia
- The ECA lenders, including The Export-Import Bank of Korea (KEXIM), in the proposed financing for the development of the Al-Karaana petrochemical project in Qatar
- KEXIM, Korea Trade Insurance Corporation (K-SURE), HSBC and other lenders in connection with the financing of up to US$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
- KEXIM, K-SURE, HSBC and other lenders in connection with the financing of up to US$2.5 billion for the supply of goods and services to Saudi Electricity Company in relation to the 2,800MW Rabigh-6 power plant in the Kingdom of Saudi Arabia
- 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., in connection with its entry into US$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. and Standard Chartered Bank (Hong Kong) Limited and one of the sponsors
- Korea Midland Power Co., Ltd. and POSCO Engineering Co., Ltd. in connection with the development and financing of a solar power generating plant with up to approximately 300MW of initial solar generating capacity, to be located in the City of Boulder City, Nevada
- Export-Import Bank of Thailand (EXIM Thailand) and the commercial bank lenders, Krung Thai Bank Public Company Limited, Bank of Ayudhya Public Company Limited and Thanachart Bank Public Company Limited, in the US$1.0425 billion financing of the 410MW 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 (3) 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
- 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
- Daelim Industrial Co., Ltd., C.I Holdings Berhad and Teknologi Tenaga Perlis Consortium Sdn. Bhd. in connection with the bid submission and other related matters for a gas-fired IPP project in Malaysia
- Daelim Industrial Co., Ltd. as an equity sponsor in connection with the development and financing of a 100MW coal-fired power project in the Philippines
- GMS Power Public Company Limited and the project company in connection with the development and financing of the Nam Ngum 3 440MW hydropower plant project in Lao PDR
- Korea Midland Power Co., Ltd., Daelim Industrial Co., Ltd., Ssangyong Engineering & Construction Co., Ltd. and PT Rajawali Corporation in connection with the bid submission and other related matters for a mine mouth coal-fired power project in Indonesia
- The Korea Development Bank as a junior lender in connection with the US$25 million commercial loan facility provided by The Korea Development Bank 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 connection with the US$80 million commercial loan facility provided by The Korea Development Bank and Korea Finance Corporation to finance the acquisition of two Boeing 777F aircraft and one Boeing 777-300ER aircraft by Korean Air Lines Co., Ltd.