Kakaopay Completes US$1.3 Billion IPO and Listing on the Korea Exchange

Seoul – Paul Hastings LLP, a leading global law firm, announced today that it has advised Goldman Sachs, J.P. Morgan and Samsung Securities as the joint bookrunners on the US$1.3 billion (KRW1.53 trillion) global offering and listing of Kakaopay Corp. on the Korea Exchange.

Kakaopay, a subsidiary of Kakao Corp., operates Korea’s leading mobile financial services platform. 

Paul Hastings’ leading Korea practice has advised on several landmark capital markets transactions in 2021, including Krafton’s US$3.8 billion IPO, KakaoBank’s US$2.2 billion IPO, SK ie technology’s US$2 billion IPO, and Hyundai Heavy Industries’ US$923 million IPO.

The Paul Hastings team was led by corporate partner Dong Chul Kim, with support from associate Eun Ju Lee and corporate attorney David Park.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.