Seung Kyu Bang

BA (1982), LLB (1984)


Seung Kyu Bang is the CEO and one of two founding members of AUCTUS. AUCTUS currently manages KRW 160bn (USD 150mn) private equity fund in Korea (with KRW 30bn from the Korean Government), focusing mainly on cleantech sectors. Prior to founding AUCTUS at the end of 2008, Kyu worked on the advisory side, sourcing, investing and advising, mainly on utilities and energy deals for Macquarie and Macquarie-managed funds in Korea. He developed an M&A team advising on M&A opportunities in electricity/gas, telecommunications, other regulated assets and opportunistic M&A deals in Korea, since joining Macquarie Group in May 2003 as Head of M&A of Shinhan Macquarie Financial Advisory, a joint venture in Korea between Macquarie Group and Shinhan Bank of Korea. Kyu practised law as an M&A lawyer in Australia between 1984 and 2003. He was the first Korean to have full qualification as an Australian lawyer and, when he became a partner of a major Australian firm called Freehills in 1992, he was the only partner of a major law firm in Australia with a Korean background. Kyu’s core practice areas comprised privatization, private acquisition and divestment, joint ventures and general corporate work, with a particular focus on energy, resources and utilities sectors. During his 19 years of legal career, Kyu mainly acted for Korean energy and resources companies in their projects in Australia and certain parts of the South East Asian region. His clients included POSCO, KEPCO, Samsung, LG, Hyundai, Korea National Oil Corporation, Korea Resources Corporation and other leading Korean energy and investment companies, as well as a number of Korean banks. From July 1999 to January 2003, he acted as the legal advisor to the Korean Government and its state-controlled electricity utility, KEPCO, on Korean electricity industry reform program.