PineStreet Group

Skip to content Skip to main menu

People

Home > Group > People

Kunho Cho Chairman & CEO


Career View

Career

  • Mr. Cho is the Chairman and CEO of PineStreet Group and is currently also a Senior Advisor to Apollo Global Management
  • Prior to founding PSG, Mr. Cho was the Chairman and CEO of Asia Pacific for Millennium Management (global investment management firm with c. US$30 billion AUM). During his leadership Millennium Asia consistently achieved 15%+ annual returns with 2.0+ sharpe ratio
  • Prior to joining Millennium, Mr. Cho was the global Vice Chairman and CEO of Lehman Brothers’ Investment Banking Division Asia Pacific
  • Mr. Cho has extensive experience advising Korean financial institutions and has led a wide range of transactions including the arrangement of Korea’s largest non-performing loan purchase of KRW8 trillion+ (Woori Financial Group’s entire NPL portfolio and c. 30% of Korean banks’ total NPLs) through a partnership with Woori Financial Group, a highly successful joint venture between a foreign and local financial institution through which Woori F&I was established (currently Daishin F&I). Mr. Cho has also advised major non-FIG Korean corporations on various M&A and restructuring transactions
  • Mr. Cho has advised on over US$65 billion worth of China M&A transactions including Chinalco’s acquisition of Rio Tinto which was selected as Finance Asia’s top China deal of the year and on over US$250 billion China ECM/DCM transactions including CITIC Bank and ICBC International’s IPO which was the world’s largest IPO at the time
  • Mr. Cho received his BA in Physics from the University of Pennsylvania, where he has served as a member of the Board of Overseers since 2002 and received his MBA from Columbia Business School

Woogon Hwang
President & CEO

  • Seoul National University, MS, Korea
  • Yonsei University, BS, Korea
Career & Project View

Jeomho Kook
Senior Managing Director

  • Sung Kyun Kwan University, BA, Korea
Career & Project View

Jongbum Ban
Executive Director

  • Seoul National University, BA, Korea
Career & Project View

Career

  • Experience: 26 years
  • Head of Heungkuk Securities Investment Banking Division
  • CEO of Macquarie Korea’s Infrastructure Investment Advisory Division
  • Established Macquarie Korea Infrastructure Fund (MKIF)
  • Served as a member of the Conflict Resolution Advisory Board of the Ministry of Strategy and Finance, Investment Committee of the Korea Expressway corporation, and the Private sector Finance Advisory Board of South Gyeongsang Province
  • Received the Prime Minister’s Award (2015) and Finance Minister’s Award (2014)

Projects

  • Purchase 49 SK Netwokrs owned LPG stations (2017)
  • Financial advisory for restructuring of Busan-Gimhae Light Rail Transit private investment project (2017)
  • Financial advisory for restructuring of Machang Bridge private investment project (2017)
  • Financial advisory and investment for restructuring of Gwangju Belt-Highway (section 1) private investment project (2017)
  • Financial advisory and investment for restructuring of Seoul Metro platform screen doors (2016)
  • Financial advisory and investment for restructuring of Seoul Woomyunsan Tunnel private investment project (2016)
  • Financial advisory and investment for Incheon Manwolsan and Wonjeoksan Tunnel private investment project (2014)
  • Financial advisory for restructuring of Geogadae-ro Road private investment business (2013) and for refinancing funds of Geogadae-ro Road private investment project (2007)
  • Financial advisory for Seoul Metro Line 9 private investment project (2006) and for restructuring of Seoul Metro Line 9 private investment project (2013)
  • Financial advisory for Yongin Everline private investment project (2006) and for restructuring of Yongin Everline private investment project (2013)
  • Financial and investment advisory for Ulsan Liquid Storage Facilities development project (2013)
  • Financial advisory for the acquisition of the 3rd Kyungin Expressway (2012)
  • Investment and financial advisory for restructuring of Daegu East Beltway (2012)
  • Financial advisory for Busan Newport Company Phase 2-3 private investment project (2007)
  • Financial advisory for Daegu 4th Circle Line private investment project (2007)
  • Financial advisory for Seoul Chuncheon Highway private investment project (2006)
  • Financial advisory for Yongin Seoul Expressway private investment project (2006)
  • Financial and investment advisory for Incheon Bridge private investment project (2006)
  • Investment advisory for Cheonan Nonsan Experssway private investment project (2004)
  • Investment advisory for New Airport Highway (2003)

Career

  • Experience: 26 years
  • Korea Teachers’ Credit Union, Head of Corporate Finance (Global Investments)
  • The-K Non-life, Managing Director

Projects

  • Investment in desalination plant project in Melbourne, Australia (2009)
  • Investment in Seoul Chuncheon Highway private investment project (2006)
  • Investment in Jinro M&A project (2006)
  • Investment in Newcore M&A project (2005)
  • Investment in Seoul Metro Shinbundang Line private investment project (2005)
  • Investment in Seoul Metro screen doors project (2005)
  • Investment in Yongin Everline private investment project (2004)
  • Investment in Seoul Woomyunsan Tunnel private investment project (2004)
  • Investment in Gwangju 3-1 Outer Ring Road private investment project (2004)
  • Investment in Gwangju Outer Ring Road (section 4) private investment project (2004)
  • Investment in Dongsuh M&A project (2004)
  • Investment in Gugal district development project financing (2004)

Career

  • Experience: 17 years
  • KORAMCO Asset Management
  • Daewoo Engineering & Construction
  • Hyundai Development Company

Projects

  • Purchase of 49 SK Networks owned LPG stations (2017)
  • Financial advisory and investment for restructuring of Seoul Woomyunsan Tunnel private investment project (2016)
  • Tongyeong LNG Combined Cycle Power Plant (2012)
  • Business plan for Great Train Express (GTX for short) (2011)
  • Investment in Masan Marine New Town development project (2009)
  • Investment in Pyeongtaek Port Eastern Wharf (#1, 2, 3) development project (2009)
  • Investment in Busan Newport (stage 2-3) development project (2007)
  • Investment in Ulsan Newport (stage 1-1) development project (2002)
  • Investment in Masan Port (stage 1-1) development project (2001)
  • Investment in Daegu Art Museum project (2001)
  • Investment in Busan Harbor Bridge private investment project (2000)
  • Business plan for Seoul Chuncheon Highway private investment project (2000)
  • Business plan for Gangnam Beltway project (1999)
  • Busan-Gimhae Light Rail Transit private investment project (1999)
  • Business plan for Gwangju Belt-Highway (section 3-1) private investment project (1999)
  • Business plan for Cheonan Nonsan Experssway private investment project (1997)

Mikyoung Kwon
Executive Director

  • Yonsei University, BA, Korea
Career & Project View

Sunkyung Lee
Vice President

  • Seoul National University, BS, Korea
Career & Project View

Kibong Cho
Vice President

  • Coloumbia Law School, Juris Doctor
    University of Pennsylvania BA, United States

Career

  • Experience: 18 years
  • Samsung Life Insurance: Alternative Investments (Infrastructure)
  • PwC, SK Engineering & Construction
  • CPA

Projects

  • Establishment of PineStreet Infrastructure Blind Fund (2017)
  • Financial advisory for restructuring of Busan-Gimhae Light Rail Transit private investment project(2017)
  • Financial advisory for restructuring of Machang Bridge private investment project (2017)
  • Financial advisory and investment for restructuring of Gwangju Belt-Highway (section 1) private investment project (2017)
  • Financial advisory and investment for restructuring of Seoul Metro platform screen doors (2016)

Projects
Before 2015

  • Investment in Anyang army military service facility BTL (Build-Transfer-Lease) project
  • Investment in Chunsa Wind-Turbin project
  • Financial investment in Gincheon Enervix project
  • Financial advisory for restructuring of Yongin Everline private investment project
  • Investment in Paju-Yangju Senior military Lodge BTL (Build-Transfer-Lease) project
  • Investment in Asan Indoors Stadium BTL (Build-Transfer-Lease) project
  • Investment in Choongbuk Edu BTL (Build-Transfer-Lease) project (new construction of 12 schools)
  • Investment in Gyeongju sewer pipe project
  • Joint financial advisory for sewer pipe projects in Incheon, Daejeon, and Gyeongju
  • Investment in refinancing of Korail airport railroad
  • Investment in restructuring of Seoul Metro Line 9 private investment project
  • Investment in refinancing of Eulsukdo Bridge
  • Investment in Palyong Tunnel project
  • Investment in Sanseong Tunnel project
  • Joint financial advisory and investment in Kyunggi South Road
  • Investment in New Daegu Busan Expressway project

Career

  • Experience: 10 years
  • UBS (IBD) (Hong Kong)
  • Credit Suisse (IBD)

Selected M&A
Transactions

  • PineStreet Group’s attempted acquisition of Hyundai Securities sold by Hyundai Merchant Marine (Attempted, US$1,000 mm, January 2015)
  • PineStreet Group’s attempted acquisition of Woori Investment and Securities Package sold as part of the privatization of Woori Finance Holdings (Attempted, US$1,100 mm, December 2013)
  • UBS AG consortium’s acquisition of a 5% stake in Cinda Asset Management (Completed, Buy-side, US$500 mm, December 2011)
  • Fairness opinion for a merger between PNB and Allied Bank in the Philippines (Completed, US$595 mm, December 2011)
  • Sale of 100% stake of Kurnia Insurance Malaysia Berhad to IAG (Completed, Sell-side, US$516 mm, December 2011)
  • Hanwha Chemical’s acquisition of a 50% stake in Solarfun Power Holdings from the founder and a private equity investor (Completed, Buy-side, US$350 mm, August 2010)
  • Sale of a 49% stake in Hana Card to SK Telecom (completed, Sell-side, US$335 mm, December 2009)
  • Fairness opinion for LG Household & Healthcare for its acquisition of THEFACESHOP (Completed, US$302 mm, November 2009)
  • Dongwon’s acquisition of StarKist seafood business from Del Monte (Completed, Buy-side, US$ 359 mm, October 2008)

Selected
Capital Market
Transactions

  • Initial public offering of Tong Yang Life Insurance (US$245 mm, September 2009)
  • Public follow-on offering (US$565 mm, May 2009) and convertible bond offering of Hynix (US$583 mm, December 2007)
  • Daishin Securities’ GDR offering to London Stock Exchange (US$129 mm, October 2007)

Kyungae Han
Senior Manager

  • Sookmyung Women’s University, BS, Korea
Career & Project View

Career

  • Experience: 13 years
  • Saegil Tax, Accounting & Management Consulting
  • National Infrastructure Investment Advisory Service (2012.11 ~ 2015.5)
  • Evaluation committee of Korea Environment Corporation, EDUMAC
  • CPA

Projects

  • Financial advisory for restructuring of Busan-Gimhae Light Rail Transit private investment project(2017)
  • Purchase of 49 SK Networks owned LPG stations (2017)
  • Feasibility analysis for frequency adjustment Energy Storage System (ESS) project (2014)
  • Feasibility analysis for Seoul Metro Historical Environment Improvement Corporation project (2014)
  • Financial advisory for refinancing funds of Geomdan sewage treatment plant(2013)
  • Feasibility study of Gwanggyo Econ Hill development project (2011)
  • Financial advisory for Sosa-Wonsi double track railway private investment project (2009)
  • Study of borrowing principal repayment of Seoul Chuncheon Highway (2009)
  • Financial advisory for Tongyeong sewer maintenanceleased type private investment project (2009)
  • Financial advisory for Munsan official residence leased type private investment project (2007)
  • Financial advisory for Masan Marine New Town development project (2006)
  • Financial advisory for foreign private investment attraction in Cheongna Region (2006)
  • Financial advisory for the Second Outer Ring Road (Incheon-Gimpo) private investment project (2005)