Jaewoo Lee

Partner

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  • JD, NYU School of Law, 2001
  • BBA, Seoul National University, 1997

Qualifications

  • Korea, Registered Foreign Legal Consultant for U.S. law, 2014
  • Hong Kong, Solicitor, 2010
  • New York, 2004
  • California, 2002
  • Korean
  • Legal 500 Asia-Pacific: Leading Individual for “Corporate and M&A: Foreign Firms” in South Korea (2017)
  • Chambers Global: The World’s Leading Lawyers for Business (2016-2017)
  • Chambers Asia-Pacific: Asia's Leading Lawyers for Corporate/M&A (2015-2017)

Jaewoo Lee

Partner

Jaewoo Lee is a partner in the private equity and M&A departments of Ropes & Gray. Registered in Korea as a “foreign legal consultant,” Jaewoo concentrates his practice on cross-border corporate transactions, with a particular focus on mergers and acquisitions involving Korea. He has significant experience in private and public M&A transactions in Asia, the U.S. and other markets as well as in global offerings of equity and debt securities.

Experience

  • Advised Netmarble Games Corporation in its acquisition of a 100% stake of the Vancouver Studio business of Kabam Inc., a mobile game company headquartered in San Francisco. This is the largest outbound M&A deal to date in South Korea’s mobile game industry and one of the most significant software tech M&A deals for Korea.
  • Advised Naver Corporation in multiple cross-border JV transactions, including in its proposed establishment of joint ventures in China for various app services.
  • Advised LINE Plus Corporation in various cross-border JV transactions, including the establishment of a US$ multi-million cross-border game development joint venture in Hong Kong with a leading Chinese game developer.
  • Advised the Canada Pension Plan Investment Board (“CPPIB”) in its acquisition of an approximately 20% stake in Homeplus, Tesco’s South Korean business, for US$534 million as part of the consortium led by MBK Partners. Named Deal of the Year in 2015/2016 by multiple publications including the Asian Lawyer, The American Lawyer, Asian-Mena Counsel and Asian Legal Business.
  • Advised Bain Capital in the Bain consortium’s US$ multi-million acquisition of a majority equity stake in Carver Korea Co., Ltd.
  • Advised Korea Investment Corporation, Korea’s sovereign wealth fund, in various equity investments worldwide.
  • Advised LS-Nikko Copper Inc. in its US$ multi-million exit from a South American mining industry investment.
  • Advised a consortium of investors, including TPG Asia, in their US$1.1 billion sale of a controlling stake in Hanarotelecom Incorporated.
  • Advised Corsair Capital and its co-investors in a US$640 million minority equity investment in Kyobo Life Insurance Co., Ltd.
  • Advised SK Networks in its $700 million equity investment in MMX Mineracão e Metálicos, a Brazil-based iron ore mining company.
  • Advised KT Corporation in its sale of a majority stake in OJSC New Telephone Company, a Russian telecom company.
  • Advised NHN Corporation in its sale of its majority stake in Ourgame Assets Limited, a China online game services company.
  • Advised Kookmin Bank in various M&A and capital markets transactions, including a $500 million investment and a $115 million follow-on investment in JSC Bank CenterCredit of Kazakhstan and on Kookmin Bank's conversion into a financial holding company.
  • Advised Electronic Arts Inc. in its US$108 million strategic equity investment in Neowiz Corporation.
  • Advised Tong Yang Life Insurance (the first Korean life insurance company to do an IPO), STX Pan Ocean and Mando Corporation in their respective IPOs. 

Publications

  • Quoted, “Korean Economics, M&A, and PE Exits: Seller Central” Asian Venture Capital Journal (August 23, 2016)
  • Quoted, “Korean outbound M&A: Satisfied partners?” Asian Venture Capital Journal (September 3, 2014)