YOON&YANG
In the mergers and acquisitions of financial companies, the transaction structure and direction of the M&A depend on the regulations under the applicable statutes and the review of the regulatory authorities. Based on the comprehensive understanding of the latest regulatory landscape by drawing on the expertise of our professionals, a substantial number of them with hands-on experience and knowledge gained as former regulators at supervisory authorities, Yoon & Yang’s Finance Practice structures the transactions of financial companies M&As in an optimal and compliant manner and offers market-leading advisory services for various issues arising from financial company M&As, including licenses/permits.

Key Services

  •  Assisting clients in designing and reviewing the transaction structure of financial company M&As and structuring the transaction
  •  Performing legal due diligence in compliance with the regulations and the attributes of each financial company
  • Drafting and negotiating agreements related to financial company M&As such as share purchase agreements and merger agreements
  • Advising clients on the licenses/permits of supervisory authorities, including the approval of change in large shareholders, the approval of investment under laws on the separation of industrial and financial capital
  • Advising clients on the issues under the Financial Holding Companies Act and the Act on Corporate Governance of Financial Companies
  • Advising clients on deal closing, including business combination reporting and foreign exchange reporting
  • Advising clients on post-merger integration

Representative Cases

  • Advised Hanwha Life Insurance on the spin-off of its sales organization and establishment of an insurance agency as a subsidiary
  • Advised Hanwha Life Asset on its merger with Hanwha Financial Asset
  • Advised on the stock swap transaction between KB Holdings and KB Securities (formerly, Hyundai Securities)
  • Advised Hyundai Group on its Hyundai Securities sale deal
  • Advised Life Insurance Company H on its fintech subsidiary acquisition deal
  • Advised Dongbu Insurance on its Dongbu Capital acquisition deal
  • Advised Daewoo International on the sale of its interest in Kyobo Life Insurance
  • Advised on new share issuance by DGB Financial Group and its subsidiary Daegu Bank
  • Advised Kiwoom Securities on its acquisition of Woori Asset Management, a subsidiary of Woori Financial Group
  • Advised Daishin Securities on its acquisition of Woori F&I, a subsidiary of Woori Financial Group
  • Advised Shinhan Financial Group on its acquisition deal of a Vietnamese lending institution that is an affiliate of Prudential Financial Group
  • Advised KB Kookmin Card on its acquisition of interest in Cambodia-based Tomato Specialized Bank
  • Advised on the merger between KDB Bank’s Uzbek subsidiary KDB Bank Uzbekistan (UzKDB) and Royal Bank of Scotland NB Uzbekistan (RBSUz)
  • Advised NH Bank on its acquisition of interest in Samic MFI, a microfinance company based in Cambodia
  • Advised KDB Consus Value PEF on its acquisition of Kumho Life Insurance acquisition deal
  • Advised Leading Value No. 2 PEF on its acquisition of the KOREIT
  • Advised Feynman PEF/SPC on its acquisition of Macquarie Investment Management
  • Advised Woori Financial Group on its acquisition of the assets and liabilities of Samhwa Savings Bank
  • Advised Pureun Mutual Savings Bank on its sale of Pureun 2 Mutual Savings Bank
  • Advised Orix Savings Bank on its acquisition of the assets and liabilities of Smile Savings Bank
  • Advised Kiwoom Securities on its acquisition of the issued and outstanding shares and management rights of Sam Shin Mutual Savings Bank
  • Advised ASCO on its acquisition of Gyeonggi Solomon Savings Bank
  • Advised Solomon Savings Bank and Korea Savings Bank on the sale of their subsidiaries and second-tier subsidiaries (5)
  • Advised Korea Deposit Insurance Corporation on the sale of savings banks