JKL Credit Investment’s Investment in Pluglink

On April 30, 2025, JKL Credit Investment (“JKL”) entered into a subscription agreement to acquire newly issued shares in Pluglink, a company engaged in the electric vehicle charging business. The investment, valued at approximately KRW 45 billion, was made through an SPC established by a private equity fund managed by JKL. Upon completion of the subscription, JKL acquired approximately 39.25% of Pluglink’s shares on a fully diluted basis, thereby becoming its largest shareholder. The transaction successfully closed on May 28, 2025.

This transaction represents the largest-ever investment in a domestic electric vehicle charging operator. Pluglink used part of the proceeds to acquire the electric vehicle charging business of Hanwha Solutions.

Lee & Ko acted as legal counsel to JKL, providing end-to-end legal support for the transaction, including legal due diligence on Pluglink, advice on the subscription agreement, and merger control filing. Notably, Lee & Ko played a key role in facilitating the successful signing and closing by efficiently restructuring Pluglink’s complex network of existing investor relationships.