Davis Polk advised Credit Suisse Securities (USA) LLC, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated, The Royal Bank of Scotland plc and Daewoo Securities Co., Ltd. as underwriters in connection with a Schedule B debt offering by Korea Finance Corporation of US$750 million in aggregate principal amount of its 4.625% notes due 2021.

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 associates Tae-Hun Kim and C. Wallace DeWitt. Partner John D. Paton and associate Sarah Joy provided tax advice. Associate Catherine L. Martin provided '40 Act advice. Edward Kang was the legal assistant for the transaction. Members of the Davis Polk team are based in the Tokyo, Hong Kong, London and New York offices.