Davis Polk advised Citigroup Global Markets Inc, Deutsche Bank AG, Singapore Branch, The Korea Development Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS AG, Hong Kong Branch as underwriters in connection with a Schedule B debt offering by Korea Finance Corporation of $500 million in aggregate principal amount of its 2.875% notes due 2018.

Korea Finance Corporation is a policy finance institution established by the Korean government in order to strengthen national competitiveness, promote job growth and contribute to the sound growth of the financial markets and national economy of the Republic of Korea.

The Davis Polk corporate team included partner Eugene C. Gregor and registered foreign lawyer Tae-Hun Kim. Partner John D. Paton and associate Alon Gurfinkel provided tax advice. Geetika Sood was the legal assistant for the transaction. Members of the Davis Polk team are based in the Hong Kong and London offices.