Shearman & Sterling is pleased to announce the opening of a new office in Seoul, South Korea.
Partner Anna Chung will head up the Seoul office and the team includes counsel Scott Baggett and associate Brian Park. The team will focus on advising Korean clients on a full range of project-related work across the power, LNG, oil and gas and petrochemical spectrum. They will also work closely with lawyers based in other offices including on Korea-related arbitration, antitrust and funds matters.
“The launch of our Seoul office advances our strategic objective of increasing the work we do for Korean corporates, export credit agencies and banks,” said William McCormack, Asia Regional Managing Partner. “Anna’s Korean language skills, cultural background, and her extensive experience leading some of the most challenging projects across Asia make her a great fit to launch our new office.”
Anna Chung, the Head of the Seoul office, said: “Korean financial institutions and corporates are playing an increasingly prevalent role in the international project finance market. Building a team on the ground in Korea allows us to provide the international projects insight to help support this growth. I look forward to working more closely with our existing clients and building new relationships.”
With the addition of the new Seoul office, Shearman & Sterling now has six offices in Asia: Beijing, Hong Kong, Shanghai, Tokyo, Seoul and Singapore. From its offices in Asia, Shearman & Sterling offers an integrated multidisciplinary team of lawyers who advise on the full spectrum of corporate matters in the region.
Anna Chung practices in the Project Development and Finance Group, with a focus on projects in the power, LNG, oil and gas and petrochemical sectors. She represents sponsors and lenders, and numerous regional development banks and multilateral institutions such as K-EXIM, K-Sure, KDB, and IFC. Anna won Law360’s 2017 MVP Awards for Project Finance, after being selected as a Rising Star for "attorneys under 40 whose legal accomplishments transcend their age". She was also ranked as a recognized practitioner for Projects & Infrastructure for South Korea by Chambers Global 2019.
Scott Baggett has a wide variety of financing and development experience spanning projects across a number of industries, with an emphasis on the power, mining & metals, oil & gas and petrochemicals sectors. He has also advised on a number of joint venture and M&A transactions, as well as restructurings. Scott is recognized as “Highly Regarded” in Energy and Infrastructure, Project Development and Project Finance in Singapore by IFLR1000 in 2019.
Brian Park practices in the Project Development and Finance Group. His prior experience includes representing some of the largest and most sophisticated fund sponsors in a broad range of credit transactions, including subscription credit facilities, employee loan and management facilities, unsecured credit facilities and hybrid facilities. His focus includes the preparation and negotiation of investor documents as they relate to debt strategy.