Sungjin Kang is the Executive Partner of the Seoul office of White & Case and is a Partner in the Firm's Project Development and Finance practice. He has over 20 years of experience advising on projects and project financings in power, infrastructure and oil and gas sectors and also has experience advising on transportation finance and mergers and acquisitions.
Sungjin's clients include Korean and international developers, sponsors, project companies and export-credit and private-sector lenders.
Wharton School of Business
Highlights of Sungjin's experience includes advising:
- the lenders in connection with the financing and the proposed restructuring of a US$3.6 billion gas-to-liquids (GTL) project in Uzbekistan.
- SK ecoplant initially on the bridge facilities for the acquisition of TES-Envirocorp, and subsequently on the main acquisition financing to refinance the bridge facilities in part.
- K-EXIM, K-SURE and other lenders in connection with the project financing of the project costs incurred by SK E&S in the development of the upstream Barossa gas field off the coast of Australia and the related sale and offtake of extracted gas to midstream and downstream end users.*
- 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.*
- 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.*
- 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.*
- 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.*
*Experience prior to joining White & Case.