Carlyle adds Sanghyun Lee as managing director in Seoul

Private equity firm Carlyle Group today announced that Sanghyun Lee has joined as managing director based in Seoul.

He will have the job of leading the Korean investment efforts for Carlyle Asia, reporting to the co-heads of Asia, XD Yang and Gregory Zeluck.

Lee joins Carlyle from Affinity Equity Partners, where he had worked as managing director leading the firm’s investments in Korea, including transactions such as TheFaceShop. He had previously worked for the Government of Singapore Investment Corporation, where he was in charge of its private equity investments in Korea.

A Carlyle spokesperson told AsianInvestor that Korea remains a...