Skip to main content
Link to Walkers homepage
Back to News landing page

Walkers Advises on a Record Number of Korean ABSs in 2022

Dec 23, 2022

Our work
A man in a business suit signing a legal contract.

Walkers (Hong Kong) is proud to have advised on a record number of Korean cross-border asset-backed securitisations (ABSs) in 2022.

As a top tier offshore law firm, we advised on 10 Korean cross-border ABSs this year involving seven Bermuda and three Cayman Islands incorporated SPVs, with an aggregate issuance amount of US$3.2 billion for the following originators:

  • Hyundai Card Co., Ltd.
  • KB Kookmin Card Co., Ltd.
  • KEB Hana Card Co., Ltd.
  • Lotte Card Co. Ltd
  • Samsung Card Co., Ltd.
  • Shinhan Card Co., Ltd.
  • Woori Card Co., Ltd.

Since the Cayman Islands was added to the EU AML List in March 2022, Walkers and Walkers Professional Services were able to quickly switch to providing the same seamless one-stop shop legal and fiduciary services for Bermuda SPVs on affected securitisations.

These ABS transactions, backed by credit card receivables, were led by partner Kristen Kwok who was assisted by senior associate Sonya Saxena.

FinanceHong Kong

Media Contact

Shana Ray

Head of Business Development - Asia and Middle East

T/+852 2596 3302
M/+852 9030 6084
E/Email Shana Ray

Solution area

Finance

Key Contacts

Get in touch with our team

/
Kristen Kwok
Kristen Kwok

Kristen Kwok

Partner

Hong Kong

T

+852 2596 3324

M

+852 9197 3041

E

Email Kristen Kwok
View profile

Get the latest insights and expertise in your inbox 

Fluid ink image
Sign up
logo footer

Connect with us

FacebookFacebook
InstagramInstagram
LinkedInLinkedIn

Employee login

Self Service Password ResetWalkers AnywhereWalkers Sharefile
Legal notices/Cookies policy

All rights reserved - © 2025 Walkers Global