Paul Hastings represented Citigroup and NH Investment & Securities as the placement agents in the US$1.05 billion sale of common shares of Hyundai Glovis Co., Ltd. by Mong Koo Chung, the chairman of Hyundai Motor Group, and his son Euisun Chung.

Hyundai Glovis is a global logistics company affiliated with Hyundai Motor Group and its common shares are listed on the Korea Exchange.

The Paul Hastings team was led by corporate partner Dong Chul Kim.