Carlyle Portfolio Company: Global Restructuring
How John S. Kim, as General Counsel of a Carlyle Group portfolio company, directed legal affairs across a Seoul headquarters, a New York branch and nine overseas factories, and led a company-wide restructuring through the pandemic.
The company
The employer was a company held in a Carlyle fund's portfolio — not the Carlyle Group itself. That distinction matters and is kept throughout: Mr. Kim was General Counsel of the portfolio company, with responsibility for its legal affairs.
The matter
As General Counsel he directed legal affairs across the company's Seoul headquarters, its New York branch and nine overseas factories employing approximately 23,500 people. Through the financial strain of the pandemic he advised executive leadership and the board, led a company-wide workforce restructuring, and secured significant relief from unfavorable supply commitments with major global customers.
Why it was demanding
Three different kinds of work ran at once and under acute time pressure: multinational general-counsel responsibility across jurisdictions, board-level advice while the financial position was deteriorating, and the renegotiation of commercial obligations that had been agreed in better conditions.
Relevance today
Companies rarely restructure when conditions are calm. The Law Office of John S. Kim advises as outside general counsel, on corporate governance and compliance, and on the commercial contracts that come under pressure when a business has to change shape quickly.
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