Goldman bulks up in Seoul

Goldman Sachs, for long one of the main houses to beat in Korea, has not done any major transactions from the Republic this year. To boost its standing in one of the region's key markets, the firm has hired DK Shin as an MD in its capital markets groups to further its debt, equity and structured finance franchise.

Shin joins from NAB where he was head of the Korean capital markets group for the last year. Prior to NAB he was on the Deutsche Bank ticket, based in Hong Kong as Head of Korea Debt Capital Markets and Liability Risk Management Group.

Before working at Deutsche he spent 22 years with Bankers Trust as a loan officer, a corporate financer and an investment banker in Seoul and New York.

"DK Shin is one of Korea's most experienced bankers and we are delighted he has joined us as we continue to strengthen our presence in this very important market," says Richard Gnodde, President of Goldman Sachs Asia.

Goldman has traditionally been a major player in Korea, having raised more than $14 billion for Korean clients since 1992 and invested $1.3 billion of its own money since 1999.