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Advised POSCO Plantec’s Successful Turnaround by Issuances of New Shares to Creditors and Investor

Yoon & Yang LLC successfully advised POSCO Plantec, a financially troubled POSCO affiliate, on its turnaround through M&A. POSCO Plantec, a Korean industrial machinery manufacturer, commenced its restructuring program in June 2015 while it was under the supervision of creditor banks including Korea Development Bank. However, after implementing intensive restructuring programs, the company selected United Asset Management Company (UAMCO) as a preferred bidder to purchase the company in late 2019. POSCO Plantec issued new shares to creditors through debt-to-equity conversion and also issued additional new shares to UAMCO in March 2020. POSCO Plantec was able to improve its financial structure through such transactions and finally emerged out of the restructuring program in June 2020. Yoon & Yang advised POSCO Plantec on all aspects of the transactions including the selection of preferred bidder, the paid-in capital increase for third-party allocation by issuing new shares, the debt-to-equity conversion, and the capital reduction without refund. In particular, Yoon & Yang advised POSCO Plantec with respect to bidding process, structure of transactions, contract drafting and negotiation, and closing. Yoon & Yang has a long track record of advising on distressed company M&A transactions. In 2011, the firm successfully advised Woori Financial Group on its acquisition of Samhwa Mutual Savings Bank after Samhwa went bankrupt because of financial troubles. 

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Wealth Management Center

Wealth Management Center provides professional services for asset succession, family business (management right) succession, corporate governance reorganization, development of trust products and trust-related consulting, wealth management, inheritance and gift tax saving, inheritance disputes (e.g., division of inherited property, and return of legal reserve of inheritance), divorce and guardianship.

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  • GCR 100
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  • Best Law Firm & Lawyer in Korea 2023
  • The 6th Korea Legal Awards 2023
  • ALB IP Rankings 2018-2024
  • In-House Community (IHC) 2022 Firms of the Year
  • Best Law Firm & Lawyer in Korea 2022
  • The 5th Korea Legal Awards 2022
  • asialaw Awards 2021
  • asialaw Client Service Excellence 2021
  • Asian Legal Business (ALB) Korea Law Awards 2021
  • The 4th Korea Legal Awards 2021
  • asialaw Awards 2020
  • asialaw Client Service Excellence 2020
  • Asian Legal Business (ALB) Korea Law Awards 2020
  • International Tax Review (ITR) Asia Tax Awards 2019
  • The American Lawyer’s Asia 50 (2019)
  • ALB 2019 Asia’s Top 50 Largest Law Firms
  • FT Innovative Lawyers Report 2018
  • GCR Awards 2018
  • Taiwan M&A Awards 2019
  • Chambers & Partners Asia-Pacific 2018
  • Chambers & Partners Global 2018
  • The Legal 500 Asia Pacific 2017
  • ALB Korea Law Awards 2017
  • GCR 100
  • Social Contribution Awards 2024
  • The 7th Korea Legal Awards 2024
  • Best Law Firms & Lawyers in Korea 2024
  • ALB Korea Law Awards 2024
  • ALB Korea Law Awards 2023
  • Best Law Firm & Lawyer in Korea 2023
  • The 6th Korea Legal Awards 2023
  • ALB IP Rankings 2018-2024
  • In-House Community (IHC) 2022 Firms of the Year
  • Best Law Firm & Lawyer in Korea 2022
  • The 5th Korea Legal Awards 2022
  • asialaw Awards 2021
  • asialaw Client Service Excellence 2021
  • Asian Legal Business (ALB) Korea Law Awards 2021
  • The 4th Korea Legal Awards 2021
  • asialaw Awards 2020
  • asialaw Client Service Excellence 2020
  • Asian Legal Business (ALB) Korea Law Awards 2020
  • International Tax Review (ITR) Asia Tax Awards 2019
  • The American Lawyer’s Asia 50 (2019)
  • ALB 2019 Asia’s Top 50 Largest Law Firms
  • FT Innovative Lawyers Report 2018
  • GCR Awards 2018
  • Taiwan M&A Awards 2019
  • Chambers & Partners Asia-Pacific 2018
  • Chambers & Partners Global 2018
  • The Legal 500 Asia Pacific 2017
  • ALB Korea Law Awards 2017
  • GCR 100
  • Social Contribution Awards 2024
  • The 7th Korea Legal Awards 2024
  • Best Law Firms & Lawyers in Korea 2024
  • ALB Korea Law Awards 2024
  • ALB Korea Law Awards 2023
  • Best Law Firm & Lawyer in Korea 2023
  • The 6th Korea Legal Awards 2023
  • ALB IP Rankings 2018-2024
  • In-House Community (IHC) 2022 Firms of the Year
  • Best Law Firm & Lawyer in Korea 2022
  • The 5th Korea Legal Awards 2022
  • asialaw Awards 2021
  • asialaw Client Service Excellence 2021
  • Asian Legal Business (ALB) Korea Law Awards 2021
  • The 4th Korea Legal Awards 2021
  • asialaw Awards 2020
  • asialaw Client Service Excellence 2020
  • Asian Legal Business (ALB) Korea Law Awards 2020
  • International Tax Review (ITR) Asia Tax Awards 2019
  • The American Lawyer’s Asia 50 (2019)
  • ALB 2019 Asia’s Top 50 Largest Law Firms
  • FT Innovative Lawyers Report 2018
  • GCR Awards 2018
  • Taiwan M&A Awards 2019
  • Chambers & Partners Asia-Pacific 2018
  • Chambers & Partners Global 2018
  • The Legal 500 Asia Pacific 2017
  • ALB Korea Law Awards 2017
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